General
Daystar Power Installs 100th Solar Energy System in Nigeria
The 100th solar power system has been installed in Nigeria by the West African solar energy company, Daystar Power, since its establishment in 2017.
Daystar Power works with the region’s leading banks including Ecobank, Wema Bank, Unity Bank and Access Bank.
Besides banking and manufacturing, clients in the agricultural as well as education and health sector have also indicated strong interest in converting to renewable sources of energy, adding to Daystar Power’s client base. In addition to Nigeria, systems have also been installed in Ghana, where Daystar Power opened a subsidiary in April this year.
It was learned that the firm’s 100th solar power system was installed in Nigeria with the installation at a branch of Unity Bank in Bauchi.
This corresponds to a growth of 733 percent in the number of installed systems compared to the previous year, and a twenty-fold increase in the total installed power capacity from 291 kW in September 2018 to 5.6 MW in September 2019.
By shifting the electricity supply from diesel generators to environment-friendly solar hybrid solutions, Daystar Power has been able to reduce C02 emission by more than 360 metric tonnes to date.
Overall, Daystar Power’s innovative power solutions consistently save its customers 20-30 percent of power costs while simultaneously reducing noise and air pollution.
Founder and Executive at Daystar Power, Mr Christian Wessels, while commenting on the achievement, stated that, “With our full-service offerings, we cover not only installing the photovoltaic systems, but also providing maintenance in the long-term to ensure long-term operations – a rapidly growing demand of businesses and institutions in West Africa. I therefore assume that we can double the amount of installed systems to 200 by the end of this year.”
Also speaking, the Divisional Head of Resources at Unity bank, Mr Hilary Ajuebon, said, “Sustainability and environmental protection are fundamental principles to run all our business activities at Unity bank.
“The bank has already received various awards for supporting multiple initiatives that encourage ecological sustainability aimed at reducing the impact of climate change.
“We are therefore particularly delighted to have Daystar Power as a close partner helping us to convert our power supply of all our branches to solar energy in the long run.”
Daystar Power is a pan-African electricity company specializing in the generation of solar energy, with a focus on medium and small-scale solar systems (20kWp to 5 MWp). The plants are either sold or made available to customers in a service fee model.
The user benefits from cost savings against payment of a monthly fee, ensures a stable power supply, emission-free energy production and efficient energy management. Unlike many other international solar companies, Daystar Power has established local technical units that provide a high level of service.
Sunray Ventures is an African Venture Builder with locations in Lagos, Frankfurt and Dubai. Sunray Ventures focuses on building and scaling high-growth companies which generate profit, whilst creating environmental and socio-economic impact in their respective industries. Sunray Ventures and its owners Christian Wessels and Jasper Graf von Hardenberg founded Daystar Power in 2017.
General
Customs Area 1 Command Eyes Higher Revenue in 2025
By Bon Peters
The Area 1 Command of the Nigeria Customs Service (NCS) in Port Harcourt, Rivers States, has expressed confidence in raking in higher earnings in 2025 after it generated about N200.6 billion in 2024.
A statement by the command’s Public Relations Officer, Mr Oscar Ivara, a Superintendent of Customs, said last year’s revenue was higher than the N116.3 billion collected in 2023 by 72.41 per cent or N84.3 billion.
He quoted the Comptroller of the command, Mr Mustapha Hashim, as attributing “this impressive surplus” to the hard work, dedication, and operational improvements within the command, which he insisted have helped increase revenue while improving compliance with customs regulations.
He noted that the command’s strategic focus on enforcement operations and ensuring compliance with customs regulations have significantly contributed to the increase in revenue even as he applauded the improved monitoring systems, increased patrols, and enhanced collaboration with other enforcement agencies which he emphasized have played a critical role in curbing smuggling activities and improving revenue.
Continuing, Mr Hashim gave a breakdown of the 2024 revenue figures of the command to include N184.2 billion in the first quarter of 2024, with an estimated monthly collection of N15.4 billion, which he said was later reviewed upwards to N230.3 billion with monthly expected collection of N19.2 billion in the second to fourth quarters of the year.
The agency, however, reported an annual revenue target shortfall collection of about 13.04 per cent, which was largely attributed to the federal government’s food import waiver policy, introduced in July 2024, to mitigate Nigeria’s worsening food crisis.
“The presidential directive, which ended on December 31, 2024, gave waivers to essential food items such as wheat, maize, and grain, which are the major goods imported through the command,” he stated.
In the area of export activities, Mr Hashim posited that the command made notable strides in boosting revenue from agricultural products, which he referred to as a key indicator to Nigeria’s economic diversification.
“This focus has increased export facilitation and boosted the command’s contribution to national revenue,” he said.
He added that the total quantity of cargoes exported in the year 2024 was 17,352,817 metric tons with FOB at $1.5 billion, while the NESS paid was N2.9 billion for both oil and non-oil exports.
The statement also disclosed that a total of 289 ships called at the Area Command in 2024, with import tonnage comprised of bulk cargoes such as wheat, frozen fish, salt, oil well equipment, PMS, AGO, gypsum, bitumen and general cargoes which amounted to 4,080,654.198 metric tons and the duties collected from the bulk cargoes and excise factory contributed to the huge revenue collected in the command.
He said the feat was achieved by advocating full compliance of all customs regulations by ensuring maximum collection of customs duties, levies and payment of all unpaid assessment.
Mr Hashim said with the command’s focused approach, dedication and continued support from partners and stakeholders, the revenue generation, anti-smuggling and trade facilitation drive for 2025 will be effective, promising that the command would deploy all necessary tools to ensure seamless clearance operations this year.
General
EFCC to Auction Over 800 Forfeited Cars in Lagos, Abuja (Full List)
By Modupe Gbadeyanka
Over 850 cars forfeited to the Nigerian government across various locations in Nigeria will be auctioned by the Economic and Financial Crimes Commission (EFCC), a statement from the agency has revealed.
The anti-money laundering organisation said the vehicle were seized by the government through court orders from persons involved in various financial crimes, including corruption, money laundering, and cybercrime.
The agency said the auction is in line with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery & Management) Act, 2022.
It called on interested members of the public to participate in the auction, promising that the process will be transparent and fair.
The exercise will be conducted by the EFCC in partnership with appointed auctioneers in Lagos, Abuja, Benin City, Enugu, Ilorin, Ibadan, Port Harcourt, and Kano from January 20 to 27, 2025.
“The general public is hereby notified that the @officialEFCC through its appointed auctioneers will conduct e-Auction of the under listed vehicles that are subject of final Forfeiture orders in accordance with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery & Management) Act, 2022,” the statement read.
Below are the cars to be auctioned by the EFCC;
General
Oyo Rehabilitates Agbowo Road, Three Others
By Modupe Gbadeyanka
Four major roads are being rehabilitated by the Oyo State government to improve transportation infrastructure and enhance mobility.
The chairman of the Oyo State Road Maintenance Agency (OYSROMA), Mr Busoye Ogunlade, in a statement in Ibadan last Friday, said the roads should be completed in less than eight weeks.
The roads include Bashorun Oluwo-nla road, Agbowo road, Eleyele-Water road, and Zion plaza-Olusoji road.
“Work has commenced on some of these roads, as we speak. However, repairs on other roads will commence soon,” Mr Ogunlade said, advising commuters to follow temporary traffic diversions and cooperate with the ongoing construction efforts.
The OYSROMA chief said the ongoing rehabilitation was based on fund availability and the economic viability of those roads, noting that the move is in line with the commitment of the administration of Governor Seyi Makinde to make the state more attractive to both local and foreign investors.
“Governor Seyi Makinde has given us the mandate to rehabilitate roads across the State, and we have mobilized Engineers, through direct labour to these sites,” he said, adding that to make the exercise have the desired impact on the people, the agency has gone across all zones and picked critical roads that need rehabilitation across the state.
“This is borne out of the complaints we received during zonal town hall meetings from residents of the state. Our Engineers have swung into action and have taken measurements of critical roads,” he said.
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