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COVID-19: Zedcrest Gives Ventilators, Face Masks to Kano
by Modupe Gbadeyanka
A new-age financial solutions powerhouse, Zedcrest Group, has donated 10 ventilators and 1,500 KN95 face masks to the Kano State government.
The items given out to support the state government’s response to the Coronavirus Disease (COVID-19), which has infected over 5 million persons globally.
“As an organisation committed to humanitarian service and the United Nations Sustainable Development Goals (SDGs), we decided to contribute our own quota by supporting the government of Kano State with 10 ventilators and 1500 KN95 face masks.
“We recently donated over 10,000 food boxes in Lagos as well to our frontline medical personnel and less privileged Nigerians,” the Group Managing Director of Zedcrest Group, Mr Adedayo Saheed Amzat, said.
As the Federal Government of Nigeria extend the gradual easing of the COVID-19 lockdown across the country by two additional weeks, Mr Amzat urged all Nigerians to consciously observe all the preventive measures as advised by the Nigeria Centre of Disease Control (NCDC) and World Health Organization (WHO).
“We urge everyone to wash their hands regularly with soap or alcohol-based sanitizers; cover your nose and mouth with a disposable tissue or flexed elbow when you cough or sneeze; avoid close contact (1 meter or 3 feet) with people who are unwell; stay home and self-isolate from others in the household if you feel unwell as advised by NCDC and WHO.
“Social responsibility is part of our core values as an organization and we are very keen about sustainable development.
“At Zedcrest Group, we will continue to do our best where we can for our economy, society and environment at large,” he assured.
Receiving the items at his office, Governor of Kano State, Mr Abdullahi Umar Ganduje, commended Zedcrest Group for their support and gesture in complementing the efforts of the government in fighting the deadly coronavirus in the state.
Mr Ganduje promised that the state will use the items for the purpose intended. He also urged other wealthy individuals and organisations to emulate the company.
Donating the items to the Governor, the Managing Director of the consumer lending arm of the company, Zedvance Finance Limited, Mr Ever Obi, said the items would go a long way in containing the spread of the pandemic in the state.
“We are supporting Kano state’s capacity to combat the COVID-19 pandemic. On behalf of the board and management of our company, I would like to commended the Governor’s effort in fighting the dreaded COVID-19 disease and also commiserated with the government and people of the Kano state for their resilience and efforts towards containing the spread of the virus,” he said.
To date, 7,016 cases have been confirmed in Nigeria, 1907 cases have been discharged and 211 deaths have been recorded in 34 states and the Federal Capital Territory having carried out 40,043 tests. About 339 new cases were recorded as at Thursday, May 21, 2020, according to NCDC’s report.
Recall that two weeks ago, the company distributed over 10,000 food boxes to less privileged Nigerians and medical personnel in Lagos through its Employee Volunteer Scheme (EVS) initiative.
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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