Connect with us

General

Capital Market Can Attract Funds to Solve Nigeria’s Infrastructure Deficiency—Yuguda

Published

on

infrastructure deficiency

By Aduragbemi Omiyale

The Director-General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has again emphasised that the current infrastructure deficiency in Nigeria can be solved with the help of the capital market.

While addressing the new executives of the Chartered Institute of Stockbrokers (CIS) in Abuja over the weekend, he said all that was needed was for the government to partner with the private sector to bridge the infrastructure gap by approaching the capital market for funding.

“We have a huge infrastructural deficit in the country like insufficient power, lack of good roads among others. We want our country to have good infrastructure and I know this is possible with the help of the capital market and other stakeholders.

“It requires adequate planning and financing and we can achieve it as a nation. The capital market through the private sector can fund road construction while the government focuses on other issues,” the SEC DG said, appealing to the relevant stakeholders to cooperate with the agency to achieve this goal.

He also said for the capital market to attain full potential, all stakeholders need to ensure they carry out their functions with integrity and fairness in a bid to restore investor confidence.

Mr Yuguda acknowledged CIS as a key partner in the commission’s regulation of the market, assuring that the SEC would continue to provide the needed support.

“On behalf of the Board and staff. We will give you all possible co-operation you desire to make your job easy. We are here to support this market and make it the market we all desire,” he said.

The SEC boss stated that derivatives trading has commenced for people who want to manage their risk, adding that the SEC is working to increase the literacy of Nigerians so they can take better decisions.

“The future for this country is bright and we have the young population to push it. We can have a much better standard of living than we have now and we hope you will continue to give a lot to the market.

“We are committed to any initiative that will further spur the growth of the capital market. We also have a review of the ISA bill pending at the National Assembly and that bill has a lot that will revitalize this market,” he added.

In his remarks, the President of CIS, Mr Oluwole Adeosun, commended the SEC for the relationship that exists between the Commission and the Institute and thanked the Management for always supporting the organisation.

“Thank you always because you have embraced the institute and made it clear that you desire a very harmonious relationship and we are happy about it.

“You have shown this in your actions since you came into office and we appreciate you for all your efforts, we pray that investors benefit greatly from their investments in the capital market. Thank you for all your support to the CIS Bill,” he said.

The former President of CIS, Mr Olatunde Amolegbe, also thanked the DG for the efforts the management has been making to support the CIS, adding that the institute has been able to function effectively due to the support of the SEC.

2 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

General

REA is an Institution for Expanding Opportunity—Tegbe

Published

on

Tegbe Fayose REA board

**Tasks Board to Prioritise Improving Livelihoods of Nigerians

By Modupe Gbadeyanka

The newly inaugurated board of the Rural Electrification Agency (REA) has been advised to prioritise the well-being and economic progress of ordinary Nigerians in every decision it makes.

This charge was given by the Minister of Power, Mr Joseph Tegbe, when he inaugurated the board, which has the former Governor of Ekiti State, Mr Ayodele Fayose, as chairman, and Mr Abba Aliyu as its chief executive.

Mr Tegbe described the board’s constitution as consistent with President Bola Tinubu’s drive to strengthen governance and accountability across public institutions.

He further described the agency as an institution for expanding opportunity, noting that every mini-grid, solar home system and electrified market, school, health centre or farm represents an investment in human capital and economic inclusion.

He pointed to REA’s existing programmes, the Energising Education, Economies and Agriculture Programmes and the Africa Mini-Grids Programme, as evidence of that strategy at work, and noted that the Board, constituted under Section 130 of the Electricity Act, takes office at a defining moment for the organisation.

On governance, the Minister drew a clear line between the board’s non-executive role of strategic direction and oversight and management’s responsibility for day-to-day execution.

He noted that the board meets quarterly to review performance while management retains operational latitude between meetings, subject to full accountability.

Mr Tegbe commended Mr Fayose’s record as a former Governor of Ekiti State, assuring of the Ministry’s continued partnership and a description of electricity as an instrument of inclusion, opportunity and prosperity.

In his remarks, the board chairman described President Tinubu’s decision to appoint Mr Tegbe as a statement of seriousness rather than a routine appointment, a signal that the administration would settle for nothing less than a lasting solution to Nigeria’s power problem.

He called the Minister a technocrat whose technical depth and managerial competence have already produced a positive turning point for the sector, affirming that REA’s leadership was proud to work with him on that effort.

Continue Reading

General

How Airports Can Reduce Ground Emissions Before Full Infrastructure Upgrades

Published

on

ElectroAir APA-100

Airport sustainability is no longer a separate environmental project. It is becoming part of daily operational planning, procurement, infrastructure development, and airline partnership discussions. For many airports, the main pressure is to reduce emissions on the ground, improve airside efficiency, and prepare for stricter environmental expectations, while continuing to support aircraft reliably every day.

The challenge is that infrastructure does not change overnight.

Full electrification remains an important direction for aviation ground operations. Fixed 400 Hz power, electric ground support equipment, charging infrastructure, energy management systems, and cleaner stand concepts are all part of the future airport. But in practical terms, many airports are still working through phased investment plans. Grid capacity may be limited. Charging points may not yet cover all operational areas. Remote stands, maintenance zones, cargo aprons, and temporary operating areas may still depend on mobile equipment.

This is where the sustainability conversation needs to become more realistic.

Airports do not have to wait for a complete infrastructure transformation before reducing emissions. There are practical steps that can be taken now, especially in aircraft ground power. The key is to look at emissions reduction as a staged process, not a single final destination.

One of the first areas to assess is the age and efficiency of existing diesel ground power units. In many operations, older GPUs continue to provide essential support because they are mobile, familiar, and independent from fixed power systems. But older diesel platforms may no longer fit the expectations of modern airport sustainability strategies. They can become harder to justify in procurement discussions, environmental reporting, and long-term fleet planning.

Replacing outdated diesel equipment with lower-emission alternatives can be a meaningful step. A modern diesel GPU with Stage V / Tier 4 Final engine technology, for example, can help operators reduce the environmental impact of ground power while keeping the operational independence that many stands and service areas still require. This does not replace the need for electrification. It helps bridge the gap while infrastructure continues to develop.

That bridge matters because airside operations are rarely uniform.

A major hub may have fixed power at many contact stands, but still rely on mobile GPUs for remote aircraft positions, maintenance activities, irregular operations, or construction phases. A regional airport may not yet have the capital or grid capacity for large-scale electrification. An MRO facility may need mobile power that can move between aircraft, hangars, and outdoor working areas. A ground handler may need equipment that supports mixed aircraft types under high turnaround pressure.

For these environments, sustainability must work in real conditions. A solution that looks good in a strategy document but does not support the daily operating model will not last.

Decision-makers should therefore evaluate aircraft ground power through several practical questions. Where is fixed power available today? Where is it planned next? Which stands still require mobile equipment? How many hours do diesel GPUs operate per day? Which aircraft types are supported? Are units oversized, outdated, or difficult to position? Is the equipment aligned with current emissions standards? Can it support cleaner operation where grid power is available?

These questions often reveal that the best path is not a single equipment choice, but a balanced fleet strategy.

Fixed power should be used where infrastructure is mature and operationally reliable. Battery-powered equipment can be introduced where duty cycles, charging plans, and climate conditions are suitable. Lower-emission diesel and plug-in hybrid ground power units can support areas where independence, runtime, and flexibility remain critical. Together, these solutions allow airports to reduce emissions without weakening operational resilience.

Plug-in hybrid utility power functionality is especially relevant in this transition phase. When external utility power is available, the unit can operate with reduced fuel use. When it is not available, the same equipment can continue supporting aircraft independently. This gives airports and operators more flexibility as infrastructure develops stand by stand, rather than forcing a complete change before the airside environment is ready.

Compact design also plays a role in sustainable operations. Airports often focus on emissions, but space efficiency is part of the same discussion. Crowded aprons create movement challenges, increase operational friction, and affect safety. A compact mobile GPU that provides the required output without adding unnecessary equipment bulk can support cleaner, more organized, and more efficient aircraft servicing.

This is why modern ground power procurement should not be based only on output figures. Power rating matters, but so do emissions performance, footprint, maneuverability, serviceability, spare parts strategy, operating environment, and fit with future infrastructure plans. Airports need equipment that can serve today’s operation while remaining relevant as sustainability expectations continue to rise.

For a deeper look at how this transition applies to aircraft ground power, ElectroAir has outlined its view on lower-emission ground power and the practical role of modern mobile GPUs in supporting airport sustainability before full electrification is possible. The company’s ElectroAir APA-100 is one example of this approach, combining compact mobile design, Stage V / Tier 4 Final engine technology, and optional plug-in hybrid utility power for operators that need both reliability and a more future-conscious path.

The next stage of airport sustainability will be built through practical progress. Some changes will come from major infrastructure investment. Others will come from better equipment decisions, smarter fleet planning, and the replacement of outdated assets with more efficient alternatives.

For airports, the priority is not to choose between today’s operation and tomorrow’s goals. The priority is to connect them. Ground power is one of the places where that connection can already begin.

Continue Reading

General

PFIPC Probe: ICPC Recommends Adeyemi’s Prosecution

Published

on

ICPC poor funding

By Adedapo Adesanya

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has submitted an interim report to President Bola Tinubu on its investigation into the alleged fictitious Presidential Foreign Investment Promotion Council (PFIPC), recommending the prosecution of its alleged Director-General, Mr Adeniyi Adeyemi.

ICPC’s Chairman, Mr Musa Aliyu, disclosed this after meeting President Tinubu at the Presidential Villa, Abuja, exactly 30 days after his agency was directed to conduct a thorough investigation into the PFIPC.

According to Mr Aliyu, preliminary findings revealed that the federal government never appointed Adeyemi and that the purported appointment letter, gazette and other documents used to establish the agency were forged.

The case centres on an alleged corruption and forgery scandal involving the disputed government entity, PFIPC, which was not approved.

Speaking at the State House, Mr Aliyu said the commission’s investigation established that Mr Adeyemi was never appointed by the Federal Government and that the documents used to legitimise the agency were forged.

The ICPC boss said the investigation also revealed significant weaknesses in government verification and oversight processes, which were exploited to create the impression that the PFIPC was a legitimate government agency.

“Our interim report found that there are weaknesses in verification, inter-agency oversight and government processes. We discovered that those weaknesses were exploited by Adeniyi, with some level of negligence.

“Our investigation found that no Federal Government funds were approved or disbursed to the fake PFIPC/PEAC,” the ICPC chairman stated.

According to him, investigators also uncovered two additional agencies allegedly created by Adeyemi, the FCT Investment Promotion Agency (FIFA) and the Foreign Investment Promotion Agency and Public Private Partnership (PIPA-PPP).

Mr Aliyu said the disputed DG “used forged legislative instruments styled as enabling acts, and used them to support opening of bank accounts.”

The ICPC chairman said the commission recommended Adeyemi’s prosecution, administrative sanctions against public officers whose negligence enabled the operation of the fake agency, and institutional reforms to strengthen internal controls across Ministries, Departments and Agencies (MDAs).

“Our recommendation is that Mr Adeniyi Adeyemi should be prosecuted. Administrative sanctions should also be imposed on public officers whose acts of omission and negligence facilitated the illegal operation of PFIPC/PEAC.

“There is also a need for institutional reforms so that the internal controls of MDAs can be strengthened to prevent this kind of illegal activity,” he stated.

The chief investigator noted that the report submitted to the President is only an interim one, adding that investigations are continuing to identify other collaborators and build a stronger criminal case.

“We have continued with the investigation of the activities of Mr Adeniyi Adeyemi and his collaborators so that we can unravel more facts and file criminal charges that can stand the test of time before a court of competent jurisdiction,” he said.

The PFIPC scandal came to light after the Presidency disowned the council, describing it as a non-existent government agency despite its appearance in the 2026 Appropriation Act with a N1.3 billion budget allocation.

The federal government has since filed criminal charges against Mr Adeyemi over allegations including forgery, impersonation and fraudulent misrepresentation, while separate investigations by the House of Representatives and the ICPC continue into how the fake agency operated within government institutions.

Continue Reading