General
FG Charges New Marshals to Stop Illegal Mining in Nigeria
By Adedapo Adesanya
The federal government has charged the 2,220-capacity Mines Marshal tagged Hayakin Kogo to stem theft and all nefarious activities around the nation’s mineral resources so that the nation can reap benefits from its resources.
The Minister of Solid Minerals Development, Mr Dele Alake, gave the charge when he received the marshals drawn from the Nigeria Security and Civil Defence Corps (NSCDC) from the Commandant-General, Mr Abubakar Audi on Thursday.
He tasked the marshals to smoke out illegal miners and all those who flout the nation’s mining laws.
According to a statement by the media aide to the minister, Mr Segun Tomori, the launch of the marshals is in fulfilment of the minister’s pledge to create a new security architecture to secure mining sites.
Mr Alake charged the new operatives to stem theft and all nefarious activities around the nation’s mineral resources so that the nation can reap maximum benefits from its God-given resources.
Highlighting the role played by his interior counterpart in the evolution of the new security outfit, Mr Alake commended Mr Olubunmi-Ojo for putting words to action and working tirelessly with the solid minerals ministry to achieve the feat.
“Today’s event of unveiling and formally handing over the specially trained and selected civil defence structure to engage illegal miners and sanitise our mining environment was also part of what we conceived at the inter-ministerial committee chaired by me.
“I am very happy to let the public know that from the outset we said are going to tackle insecurity in the mining sector and the first batch of the security apparatus is what we are launching today,” the Minister added.
The mines marshal devised to be an inter-agency security outfit will incorporate special operatives from other security agencies like the Nigeria Police, the army, amongst others. Its operations will largely be technologically driven.
In his remarks, NSCDC Commandant-General, Mr Abubakar Audi stated that the new mines marshal will give verve to the corps’ mandate of protecting national assets and infrastructure in which solid minerals are a major component.
Mr Audi revealed that the marshals will liaise with the mine inspectorate in states to garner intelligence and take directives from the ministry for the effective execution of its mandate.
“We have a list of illegal miners across the nation, and we will go after them. Their days are now numbered, “Audi declared.
The Chairman of the House Committee on Solid Minerals, Mr Jonathan Gbefwi, who graced the occasion, expressed satisfaction with the new security outfit, noting that with improved security around mining areas, Nigeria’s economic fortunes are bound for a forward leap.
“When the Minister reeled out his 7-point agenda during his inaugural address, which included the Mines Police, not a few people were sceptical about it. But today, he has matched words with action. On behalf of the people of the Federal Republic of Nigeria, I doff my hat for him and say, “Well done.” You can be rest assured of the continued support and cooperation of the House of Reps and, by extension, the National Assembly,” the lawmaker said.
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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