General
Femi Gbajabiamila: Harnessing Nigeria’s Renewable Energy Potential
Femi Gbajabiamila, Chief of Staff to the Nigerian President and former Speaker of the House of Representatives, recently reiterated President Bola Ahmed Tinubu’s plans designed to bolster and sustain nationwide electricity supplies.
Olufemi Hakeem Gbajabiamila revealed that the Eko Electricity Distribution Company had commissioned a 2 x 20 MVA injection substation off Randle Avenue in Surulere, Lagos, furthering the government’s commitment to strengthening power supplies across its franchise area. Olufemi Gbajabiamila, who was represented by Wasiu Sanni Eshilokun, the Senator for Lagos Central Senatorial District, revealed that the government’s collaboration with Eko Electricity Distribution Company and other stakeholders had been pivotal in bringing the project to fruition.
The scheme has highlighted what can be achieved when private and public entities join forces with a shared purpose, as Femi Gbajabiamila pointed out. He explained that one of the two units for the 20 MVA injection substation was facilitated during his tenure as Speaker of Nigeria’s House of Representatives, restating the government’s commitment to improving electricity supplies in the community. Mr Gbajabiamila also commended Randle Mechanic Village’s automobile technicians for their cooperation and understanding in allowing the government to put the facility in a section of their workshop.
As Olufemi Gbajabiamila highlighted, President Bola Tinubu is committed to ensuring improved electricity supply across Nigeria, with his administration constantly interfacing with stakeholders in the power sector to address multifaceted challenges hampering the stable supply of electricity. To this end, President Tinubu has allocated more than 340 billion naira in the 2024 budget with the goal of improving infrastructure. President Bola Tinubu is also concerned about reports of energy theft, as well as the theft of power infrastructure.
Dr Dere Otubu serves as Chairman of the Board of Directors for Eko Electricity Distribution Company. Dr Otubu expressed his gratitude to the people of Surulere for their patience, steadfastness and tenacity. Reflecting that his company stood for improving the quality of lives of its customers by providing safe, sustainable and reliable electricity supplies, Dr Dere Otubu indicated that the new infrastructure would help Eko Electricity Distribution Company to meet its commitment to the people of Lagosian and Surulere. To that end, he reiterated the company’s commitment to distributing power reliably, safely and consistently, pointing out that the Agbara community was next in line to have their project commissioned.
Represented by Mr Biodun Ogunleye, Commissioner for Energy and Mineral Resources, Mr Babajide Sanwo-Olu, Governor of Lagos State, reaffirmed the government’s commitment to ensuring that residents across Lagos are able to enjoy reliable and constant electricity. Mr Sanwo-Olu cautioned the local community to guard the equipment, refraining from activities that may affect the state of power in Surulere.
In the realms of renewable energy, Nigeria shows huge potential, with the Nigerian National Petroleum Company Ltd (NNPCL) having recently announced several planned infrastructure projects paving the way for a nationwide transition to renewable energy. Opportunities for investment cover a range of different renewable energy specialties, including:
- Palm oil biodiesel
- Casava fuel ethanol
- Sugarcane fuel ethanol
- Solar and wind energy power production
- Emissions reduction
Recognising the vast potential posed by the country’s growing renewables industry, the Nigerian Government recently announced ambitious plans for the sector, including the goal of meeting almost half of the country’s power needs through renewable energy sources by 2030. With an ever-increasing demand for energy across the nation, President Tinubu recognises the significant opportunities posed by embracing renewables, not only in terms of easing the burden on the country’s existing power infrastructure but also in opening up a path for further economic development.
President Tinubu recently announced a new government policy to expand the Nigerian power sector’s value chain, potentially granting access to a market for carbon credits with a global value of circa $261 billion, providing far-reaching entrepreneurship and employment benefits for manufacturers, suppliers and installers, as well as benefiting a host of associated industries.
By Modupe Gbadeyanka
A hotline number, 0800 123 5264, for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS), commonly known as petrol, above the approved pump price of N739 per litre, has been released by Dangote Petroleum Refinery.
The private refiner said the number was now active nationwide, enabling consumers to promptly report violations and help maintain fair pricing across over 2,000 MRS stations.
This measure follows the refinery’s recent commencement of nationwide PMS sales at N739 per litre—a strategic intervention aimed at stabilising fuel prices and easing the financial burden on Nigerians during the festive season.
“We encourage Nigerians to avoid purchasing PMS at inflated prices when locally refined fuel is available at N739 per litre.
“Report any MRS station selling above this price by calling our hotline. Together, we can ensure that the benefits of this price reduction reach every consumer,” the company stated in a statement.
The organisation stressed its mission to deliver affordable, high-quality fuel while safeguarding national economic interests, reaffirming its commitment to steady supply, backed by a guaranteed daily output of 50 million litres, and warned against attempts to create artificial scarcity or manipulate supply.
Regulatory authorities have been urged to remain vigilant and take decisive action against unpatriotic practices.
By refining locally at scale, Dangote Refinery is reducing Nigeria’s dependence on imports, conserving foreign exchange, stabilising the Naira, and strengthening energy security. This initiative represents a significant milestone in the country’s journey toward sustainable energy solutions and economic recovery.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
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