General
Eko Atlantic City to Have Over 200,000 Trees—Developer
By Modupe Gbadeyanka
The developer and planner of the famous Eko Atlantic City in Lagos State, South Energyx Nigeria Limited, has said the city would be environmentally friendly.
According to him, this would be achieved by planting more than 200,000 trees of different varieties and sizes across the city, while the area would boast of energy-efficient building materials where possible as well as well-planned roads and infrastructure.
“Alongside our commitment to planting trees, developers in the city are currently looking to implement solar power for their buildings which will increase the use of renewable energy in the city.
“We are also constantly looking out for the latest technologies and techniques to further improve energy and resource efficiency within the city.
“Some of these include smart buildings, efficient energy storage, and smart monitoring. We believe that we will achieve greater levels of energy efficiency as the city continues to develop,” the Vice Chairman of Eko Atlantic, Mrs Ronald Chagoury Jr, said in commemoration of the 2021 Earth Day.
In a statement, South Energyx Nigeria at least 30 varieties of trees and plants are grown in the company’s 45,000 sqm nursery in Eko Akete, which are then transplanted to Eko Atlantic City once they are ready.
The firm assured that all roads in the city are lined with trees and shrubs, providing cleaner air and improving environmental quality.
The streets are also lined with LED streetlights which consume considerably less energy than regular sodium lamps. This way, the city’s developers balance both the need for quality infrastructure and environmental preservation, it further said.
Recall that in January 2020, Alpha1, the first office tower in the city, became the first building to be EDGE-certified by the International Finance Corporation, a member of the World Bank Group.
EDGE stands for Excellence in Design for Greater Efficiency. It is issued to developers and buildings that have identified the most cost-effective ways to reduce energy use, water use and embodied energy in materials. Research shows that green buildings use up to 30 per cent less energy than conventional buildings.
In line with this green commitment, the roads in Eko Atlantic City are built with concrete blocks instead of asphalt. Because of their light colour, the concrete blocks absorb less heat from the sun when compared to asphalt. This lowers the overall core temperature of the city.
Eko Atlantic City also has roundabouts instead of four-way intersections. Studies show that roundabouts ensure safer and more efficient traffic flow.
Also vital to traffic management is the city’s prohibition of street parking by providing basement parking for several developments. This ultimately reduces the number of cars on the road and minimises carbon emission from idle vehicles in traffic.
Upon completion, Eko Atlantic City will be home to approximately 300,000 residents and 250,000 commuters, who will also enjoy environmentally-friendly means of transportation as the technology continues to develop.
With its Green City Commitment, Eko Atlantic sets the environmental standard for new emerging cities worldwide and contributes to a cleaner, healthier, and more environmentally friendly Lagos.
By Adedapo Adesanya
The Nigeria–China Strategic Partnership (NCSP) recently hosted a high-level delegation from Newryton International Industrial Development Company Limited, a leading Chinese investment and industrial development consortium, to advance discussions on deepening bilateral trade, industrial cooperation, and development financing between both countries.
The Newryton delegation, led by Mr David Chen, Assistant Secretary-General of the China Hainan Investment Council, had earlier engaged with the Nigerian Association of Commerce, Industry, Mines and Agriculture (NACCIMA). They were accompanied to the NCSP by Mr Joe Onyuike, Vice-Chairman of NACCIMA’s Agriculture and Livestock Trade Group, who conveyed NACCIMA’s support for the delegation’s engagements.
Discussions centered on the establishment of a Nigeria–China Trade and Investment Platform, including a proposed Promotion Centre in China to support Nigerian products, investors, and state governments.
The consortium also presented opportunities within Hainan Province’s Free Trade Port (FTP), which offers preferential policies that Nigerian businesses can leverage to expand exports and attract new investments.
In his address on behalf of Newryton, Mr Pong outlined plans to collaborate with NCSP in accessing FOCAC-supported financing for strategic investments in agriculture, energy, mining, solid minerals processing, and related sectors. The delegation identified aquaculture as a key area of interest and referenced the forthcoming Global Aquaculture Conference in Hainan Province, encouraging Nigerian stakeholders to participate.
They also expressed readiness to strengthen cooperation in vocational training and employment under the Belt and Road Initiative (BRI).
Welcoming the delegation on behalf of the Director-General, Martins Olajide, NCSP’s Head of Internal Operations, reaffirmed the organisation’s commitment to fostering mutually beneficial partnerships.
He highlighted NCSP’s strong interest in the proposed Nigeria–China Trade and Investment Platform and the development of the Nigerian Oil Palm Industrial Park as a flagship demonstration project.
Also speaking at the meeting, Ms Judy Melifonwu, NCSP’s Head of International Relations, underscored the opportunities presented by China’s zero-tariff policy and the forthcoming NAQS–GACC protocol on the export of Nigerian aquaculture products. She noted that these frameworks would significantly enhance Nigeria’s competitiveness in emerging global markets.
Both parties expressed commitment to advancing discussions toward a structured cooperation framework covering all priority areas.
By Adedapo Adesanya
The United Kingdom–Nigeria Infrastructure Advisory Facility (UKNIAF), established in 2019 as part of a 16-year legacy of UK-funded infrastructure support to Nigeria, convened over 100 senior stakeholders on Tuesday, December 2, to review its progress and formally close out its current phase of operations.
The event brought together representatives from federal and state governments, development partners, development finance institutions, and the private sector to reflect on UKNIAF’s work across the power, infrastructure finance, and roads sectors. Discussions focused on institutional reforms, capacity development, and the sustainability of tools and processes introduced over the past six years.
Since inception, UKNIAF has delivered targeted technical assistance designed to embed evidence-based reforms, data-driven decision-making, and improved institutional performance. Its interventions have mobilised significant financing, strengthened regulatory and planning systems, and enhanced investor readiness across multiple infrastructure markets.
In the power sector, participants highlighted landmark achievements including the development of Nigeria’s first Integrated Resource Plan, which outlines a least-cost and low-carbon pathway for expanding electricity supply. UKNIAF also supported the Nigerian Electricity Regulatory Commission (NERC) in building advanced real-time data capabilities for tariff monitoring, grid management, and outage tracking. The programme enabled pioneering states to establish their own electricity markets following constitutional reforms.
In infrastructure finance, UKNIAF was recognised for strengthening project preparation systems and enabling access to capital. Notable accomplishments include supporting the mobilisation of $75 million from the African Development Bank to the Special Agro-Industrial Processing Zone (SAPZ) programme in two states, and accelerating mini-grid and solar deployment through improved technical standards at the Rural Electrification Agency (REA).
UKNIAF also designed a national project preparation facility, for which N21 billion was allocated in both the 2024 and 2025 budgets to build a pipeline of bankable projects.
Speaking on this, Mr Frank Edozie, UKNIAF Team Lead, described the programme’s close-out as a “handover for sustained delivery,” emphasising that strengthened institutions now hold tools that make Nigeria’s infrastructure landscape more transparent, climate-smart, and investor-ready.
On his part, the Minister of Power, Mr Adebayo Adelabu, commended the programme, noting that its technical assistance and advisory services had helped lay the foundation for a sustainable and inclusive electricity supply industry.
Mrs Cynthia Rowe, Head of Development Corporation at the UK Foreign, Commonwealth and Development Office (FCDO) in Nigeria, praised the partnership, highlighting achievements ranging from state-level electricity market reforms to unlocking major financing and designing Nigeria’s Climate Change Fund.
Enugu State Secretary to the State Government, Professor Chidiebere Onyia, underscored the lasting influence of the programme, stating that UKNIAF’s impact continues through the expertise and leadership transferred to national and sub-national institutions.
The close-out event reaffirmed stakeholders’ commitment to sustaining tools, reforms, and knowledge products developed under UKNIAF, while strengthening collaboration among public, private, and development actors in the infrastructure ecosystem.
Participants included federal and state agencies such as the Nigeria Governors’ Forum, Federal Ministry of Power, Ministry of Finance, NERC, REA, and the Transmission Company of Nigeria, alongside development partners including the African Development Bank, World Bank, and IFC, as well as private sector and civil society stakeholders.
By Aduragbemi Omiyale
The gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, has been slashed by the Dangote Petroleum Refinery.
The Lagos-based oil facility brought down the ex-depot price of the petroleum product by 15.58 per cent or N129 per litre to N828 per litre.
Though the company had yet to release an official statement on this development, real-time market data on Petroleumprice.ng on Friday showed the new price.
Punch reports that data from the platform also showed fresh reductions across several private depots following the refinery’s latest review.
Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic dropped its price by N3, and TechnoOil slashed its by N15.
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