General
Applause as Airtel Donates Industrial Borehole to Lagos Community
By Modupe Gbadeyanka
Leading telecommunications services provider, Airtel Nigeria, has been commended by the Lagos State Local Council in Eti-Osa East and the residents of the Ajah-Ilaje community in Ajah, Lagos State, for its role in uplifting and empowering local communities.
Speaking, on Monday at the inauguration of an industrial borehole donated by Airtel to the Ajah-Ilaje community in Ajah, Chairman of Eti- Osa East Local Council Development Area (LCDA), Mr Olufunmi Olatunji, expressed appreciation to Airtel for partnering with the Local Council in the provision of potable water for the local people.
“We definitely appreciate Airtel’s gesture in choosing to bring sweet water to the people of Ajah-Ilaje and we would like to encourage Airtel to continue to partner with the Government as both the public and private sectors join hands to develop our communities,” he said.
The Baale of Ilaje-Ajah Community, Mr Sunday Ogunkeyi, was full of praise for Airtel as he lauded the telco’s efforts in making lives better for residents of the community.
“I am really delighted to see this day with the people of the Ajah-Ilaje community. We thank Airtel for this great gift and we urge the company to continue to do more for the Ilaje community,” the Baale said.
The youths, women and children performed a heartfelt song in honour of Airtel during the inauguration. Singing in the Ilaje dialect, young men and women as well as children and older ones danced vigorously as they rejoiced and felicitated with one another.
The industrial borehole was in fulfillment of a pledge Airtel had made to the community during the fourth season of its revolutionary Corporate Social Responsibility initiative, Airtel Touching Lives.
Airtel’s Director of Corporate Communications and CSR, Emeka Oparah who represented the company’s Chief Executive Officer & Managing Director, Segun Ogunsanya, said Airtel is committed to partnering with the relevant government in driving development across local communities.
Two weeks ago, Airtel announced the commencement of Season 5 of the Touching Lives programme, noting that it is relentless in its vision to empower more underprivileged people as well as encourage other corporate organizations to support the disadvantaged.
“Since we launched the Airtel Touching Lives initiative four years ago, we have achieved remarkable success, having restored hope of despaired individuals and families, saved many from the throes of death and empowered many underprivileged Nigerians.
“With the launch of season 5, we remain relentless in our vision to empower more people in the various communities where we operate and also inspire other corporate organizations to reach out to the underprivileged,” the firm said.
By Dipo Olowookere
A $15 million debt facility has been obtained by Watt Renewable Corporation from the AfriGreen Debt Impact Fund to finance hybrid solar power plants to be built and operated by the former, especially in Nigeria.
WATT intends to use the projects to serve commercial and industrial clients in Nigeria, particularly in the telecommunication and financial services sectors.
By integrating solar hybrid solutions, the firm aims to significantly reduce diesel consumption and CO2 emissions, enabling its clients to achieve substantial energy cost savings while promoting environmental sustainability.
As a pioneer in renewable energy solutions, WATT continues to drive innovation in Nigeria’s energy sector.
The company’s robust roll-out plan includes deploying hundreds of hybrid solar power sites nationwide to meet the growing energy demands of commercial & industrial clients.
This strategic expansion aligns with WATT’s vision to revolutionize energy access across Africa, enabling sustainable development and reducing reliance on fossil fuels.
The funds from AfriGreen provide the critical capital needed to accelerate WATT’s ambitious projects, strengthening its market position and empowering businesses with reliable and affordable energy solutions.
Business Post gathered that to mitigate the currency risk for WATT in the event of devaluation of the Nigerian Naira, AfriGreen is offering a local currency facility that matches the payment structure of the power purchase agreements.
“We are thrilled to partner with AFRIGREEN on this transformative journey to expand reliable and sustainable energy solutions across Africa.
“With this support, it enables us to accelerate our shared mission of providing hybrid solar power to businesses, reducing carbon emissions, and supporting economic growth while enhancing energy security for our clients,” the Managing Director of WATT, Mr Oluwole Eweje, said.
“We are delighted to support WATT in rolling out hundreds of hybrid sites across the country.
“This represents another key transaction for AFRIGREEN in Nigeria. The combination of high energy prices, good solar irradiation, and strong demand from industrial and commercial energy users makes this market particularly attractive for companies like WATT.
“By leveraging these favourable market conditions alongside WATT’s exceptional operational performance and a well-structured financing solution, we are setting the stage for a strong and lasting business partnership,” the Managing Director of AfriGreen, Mr Alexandre Gilles, stated.
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied issuing a directive that gas supply to power generating companies (GenCos) be halted.
In a statement on Wednesday, the authority also denied instructing wholesale gas suppliers to stop further supply of gas to companies due to failure in payment obligations.
The NMDPRA described reports stating that it has directed the stoppage of gas supply to GenCos over N2 trillion debt as “false and completely unfounded”.
“It has absolutely no bearing on the information shared at a recent stakeholders’ engagement held in Lagos between the Authority, the OPTS, IPPG and other stakeholders in the oil and gas industry,” the NMDPRA said.
“The purpose of the engagement was to sensitise stakeholders on the requirements, opportunities and benefits associated with the implementation of the wholesale supply license as provided by sections 142 and 197 of the Petroleum Industry Act (PIA) 2021.
“It was a follow-up to an earlier stakeholder engagement held at the NMDPRA corporate headquarters in Abuja on November 27, 2024.
“The Authority wishes to reassure all our stakeholders and indeed the general public that at no time was the false statement made at that event and anywhere else, and are advised to completely disregard the publication as every effort is being made to ensure that the supply and distribution of natural gas and petroleum products to end users is seamless and unabated as we head into the festive season and indeed all through the coming year 2025.”
Recall that Nigeria’s national grid experienced another collapse on Wednesday, the 11th time in 2024 as Gencos couldn’t generate enough power, compounding issues facing the Nigerian power sector.
This was the first time in over a month as the last time the nation witnessed a nationwide shutdown in electricity supply was on November 7, 2024.
Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.
By Aduragbemi Omiyale
Nigeria is currently experience a cut in power supply after the national grid collapsed for the 11th time in 2024.
This is the first time in over a month as the last time the nation witnessed a nationwide shut down in electricity supply was on November 7, 2024.
Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.
However, just when Nigerians were thinking they will not witnessed another national grid collapse in the year, it issue reared its ugly head again.
On Wednesday afternoon, most of the energy distribution companies suffered power outage, prompting them to inform their customers of the situation.
One of the DisCos, Ikeja Electric Plc, in a message to electricity consumers under its franchise area, said, “Please be informed that we experienced a system outage today, December 11, 2024, at about 13:32 hours affecting supply within our network.
“Restoration of supply is ongoing in collaboration with our critical stakeholders. Kindly bear with us.”
Recall that on Tuesday, in a report, Google listed national grid as one of the top trending searches by Nigerians this year.
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