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ECOWAS $567.5m Power Project Ready 2023

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WAPP power project

By Adedapo Adesanya

Members of the Economic Community of West African States (ECOWAS) have set a 2023 completion date for the 600 megawatts West African Power Pool (WAPP) project which costs $567.5 million.

Nigeria, a member, through the Transmission Company of Nigeria (TCN), said the large electricity market was to allow reliable and affordable electricity supply to citizens within member states.

WAPP is a specialised institution of the ECOWAS and it covers 14 of the 15 countries of the regional economic community, including Benin, Côte d’Ivoire, Burkina Faso, Ghana, Gambia, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.

Former Managing Director of the TCN, Mr Gur Mohammed, who was sacked by President Muhammadu Buhari last week, was the Chairman of WAPP, until he was relieved of his duties.

According to the TCN, with the framework of interconnecting grids, Cote d’Ivoire – Ghana – Benin/Togo – Nigeria will have the coastal backbone, while Ghana – Burkina Faso – Mali will share the inter-zonal hub, among others.

It then said that the infrastructure mainly comprises 875 kilometers of 330kV double circuit transmission lines from Birnin Kebbi (Nigeria) to Ouagadougou (Burkina Faso) through Zabori (Niger) and Gorou Banda (Niger) and from Zabori (Niger) to Malanville (Benin).

In addition, the TCN noted that there is the 24km 225kV DC transmission lines in Burkina Faso, while the grid would be looped inside Ouagadougou town.

“Five substations (Zabori and Gorou Banda in Niger, Ouaga East and Ouaga South-East in Burkina Faso, Malanville in Benin) would be executed as part of the project and some additional Supervisory control and data acquisition ( SCADA) and static VAR compensator (SVC’s).

“In Nigeria, we have 62km transmission line, in Niger we have 420km, in Burkina Faso we have 381km and in Benin 12km, totalling 875km of 330kV transmission lines while in Burkina Faso we have 24km of 225kV transmission lines,” the regulator said.

The power project also has a rural electrification component to provide electricity to communities along the 330 KV lines, within a radius of 5km, in Burkina Faso and Niger. This will be implemented by their respective utilities, SONABEL and NIGELEC, it said.

It stressed that resettlement action plans had been designed to mitigate specific social impacts in all the participants’ countries, including communities whose lands and livelihood would be affected.

“In the same way, the Environmental Impact Assessment (EIA) of the project has identified adverse environmental, health and security impacts that are being addressed by specific Environmental and Social Management Plans (ESMP) in each country,” it added.

The organisation noted that procurement had commenced with pre-qualification, adding that the process would be finalised towards end of this year.

“The works are estimated to last 30 months (2 years and half) and is therefore expected to be commissioned in the second quarter of 2023.

“The total cost of the project sums up to $567.5 million for the regional part, the Federal Government of Nigeria is contributing 0.9 percent, Agence Francaise de Developpement (AFD) 6 percent, African Development Bank (AfDB), 20.5 percent and the World Bank contributing 72.6 percent.

“In addition to these, the European Union is funding the Rural Electrification component of the project. Meanwhile, feasibility studies of this project was funded by NEPAD and IPPF,” it noted.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Tinubu Wants Review of NNPC 30% Management Fee, Frontier Exploration Deduction

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NNPC Crude Cargoes pricing

By Adedapo Adesanya

President Bola Tinubu has ordered the review of deductions and revenue retention by the Nigerian National Petroleum Company (NNPC) Limited and other major revenue-generating agencies in the country.

The move is to boost public savings, improve spending efficiency, and unlock resources for growth, according to resolutions reached at Wednesday’s Federal Executive Council (FEC) meeting in Abuja.

The directive applied to NNPC, the Federal Inland Revenue Service (FIRS), the Nigeria Customs Service, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian Maritime Administration and Safety Agency (NIMASA).

Mr Tinubu specifically called for a reassessment of NNPC’s 30 per cent management fee and 30 per cent frontier exploration deduction under the Petroleum Industry Act (PIA).

He tasked the Economic Management Team, led by the Minister of Finance, Mr Wale Edun, to present actionable recommendations to FEC on the best way forward.

President Tinubu said the directive was part of efforts to sustain reforms that had dismantled economic distortions, restored policy credibility, enhanced resilience, and bolstered investors’ confidence.

The reforms have created a transparent and competitive business environment attractive to local and foreign investors in critical sectors, such as infrastructure, oil and gas, health, and manufacturing.

Also, President Tinubu noted that Nigeria’s goal of $1 trillion economy by 2030 required growth of at least seven per cent annually from 2027, describing the target as “not just economic, but a moral imperative” as higher growth was the surest way to tackle poverty.

He cited the July 2025 International Monetary Fund (IMF) Article IV report, which he said endorsed Nigeria’s economic trajectory and the need for investment-led growth.

The President also said Nigeria’s goal of $1 trillion economy by 2030 required growth of at least seven per cent annually from 2027.

Mr Tinubu, according to a statement from the Ministry of Finance, described it as “not just economic, but a moral imperative”, as higher growth is the surest path to tackling poverty.

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Tinubu Leaves Abuja Today for Dubai, Japan, Brazil

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tinubu at UNGA

By Modupe Gbadeyanka

President Bola Tinubu will today, Thursday, August 14, 2005, leave Nigeria for a two-nation trip to Japan and Brazil, though he is expected to have a stop-over in Dubai in the United Arab Emirates (UAE) before proceeding to Japan.

A statement issued on Wednesday by his Special Adviser on Information and Strategy, Mr Bayo Onanuga, disclosed that the President would be spending about two weeks outside the country.

According to the statement, in Japan, President Tinubu will attend the Ninth Tokyo International Conference on African Development (TICAD9) in the City of Yokohama from August 20 to 22.

With the theme Co-create Innovative Solutions with Africa, TICAD9 will focus on Africa’s economic transformation and improvements in the business environment and institutions through private investment and innovation. It will also promote a resilient and sustainable African society for human security, peace, and stability.

In addition to attending plenary sessions on themes linked to the conference, the Nigerian President will hold bilateral meetings and meet the chief executive officers of some Japanese companies with investments in Nigeria.

Initiated in 1993 by the Japanese government and co-hosted by the United Nations, UNDP, the African Union Commission, and the World Bank, TICAD is a triennial conference held alternately in Japan and Africa. The last one took place in August 2022 in Tunisia.

 The forum fosters high-level policy dialogue between African leaders and development partners.

At the end of the TICAD9, Mr Tinubu will leave for Brasilia in Brazil for a two-day state visit from Sunday, August 24, to Monday, August 25, following an invitation by the Brazilian President, Luiz Inacio Lula da Silva.

While in Brazil, he will hold a bilateral meeting with his host and attend a business forum with Brazilian investors.

His delegation—comprising key ministers and senior officials—will explore opportunities to strengthen cooperation and sign agreements and Memoranda of Understanding (MoUs) with the Brazilian government.

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Appeal Court Frees NNPC of N5bn Damages Payment to Ararume

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ifeanyi ararume nnpc N5bn damages

By Modupe Gbadeyanka

The judgment of the Federal High Court sitting in Abuja mandating the Nigerian National Petroleum Company (NNPC) Limited to pay its former board chairman, Mr Ifeanyi Ararume, the sum of N5 billion as damages has been upturned by the Abuja Division of the Court of Appeal.

The former lawmaker secured the judgment against the state-owned oil agency at the lower court in April 2023, but this was challenged at the appellate court.

Ruling on the matter on August 8, 2025, according to a statement from the NNPC on Wednesday, August 13, the court upheld the appeal of the energy firm against the Federal High Court’s judgement that annulled Mr Ararume’s removal from the board.

According to the Appeal Court, the Federal High Court’s earlier decision was delivered in error, noting amongst others, that the claim was statute-barred.

In the statement, NNPC said this decision of the appellate court “sets a corporate governance precedent in Nigerian law, and upholds the validity of board resolutions critical to the oil and gas industry’s investment and policy direction.”

It also stated that the judgement spares it of “a massive financial payout and removes a legal risk that could have invalidated all decisions of the board since 2021.”

Recall that in 2023, the late former President Muhammadu Buhari removed Mr Ararume as the chairman of NNPC but he approached the court to challenge this, arguing it was illegal, unlawful, unconstitutional and a total breach of the Companies and Allied Matters Act (CAMA), asking N100 billion as damages.

Though his prayers were granted by Justice Inyang Ekwo, the compensation awarded was N5 billion and it was for the disruption of his appointment because it was unlawful and illegal.

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