General
FG, FOSSREA to Drive Clean Energy With Hydrogen
By Adedapo Adesanya
The federal government, through the Ministry of Petroleum Resources, has signed a landmark agreement with the Foundation for Sustainable Social Responsibility in Emerging Africa (FOSSREA) to develop hydrogen energy in the country, marking a significant move towards embracing clean energy.
The agreement paves the way for collaboration between the ministry and FOSSREA aims to promote the development and investment in hydrogen as a future fuel and position Nigeria as a key player in the global hydrogen economy.
According to FOSSREA Chairman, Mr Aliu Hydar Mijinyawa, hydrogen is a key fuel of the future globally, as many countries around the world already had gone very far in deploying hydrogen and were enjoying millions of dollars of investment, hence Nigeria must put its foot forward.
Mr Mijinyawa at the signing of the agreement ceremony in Abuja, said FOSSREA was formed to provide a platform for Nigerians both within and outside Nigeria to give back to the country in various sectors.
He emphasized the need for the country to leverage the opportunity to attract investors and build a strong hydrogen economy, noting that experts within and outside Nigeria would be consulted to share their expertise, and knowledge and to brainstorm on how to lay the foundation of hydrogen in Nigeria.
“Hydrogen is the fuel of the future, and Nigeria must be at the forefront of its development. One key sector we found important that will be beneficial to the country is the energy sector. In the energy sector, we felt that the Ministry of Petroleum Resources should be at the forefront of driving this.
“We believe that it will be an avenue that will be of benefit to the Renewed Hope Agenda of President Bola Ahmed Tinubu. It will go a long way in laying the foundation in attracting investors into the country and deploying the value chain of hydrogen to build a strong hydrogen economy.”
Also, the Permanent Secretary of the Ministry of Petroleum Resources, Mr Nicholas Agbo Ella described the agreement as a “turning point” in Nigeria’s engagement with hydrogen energy.
Mr Ella expressed optimism that the partnership would revolutionize the country’s energy landscape and make Nigeria a force to be reckoned with in the global hydrogen industry.
“We now have a focal point that we can relate with when it comes to hydrogen matters. When I assumed office, I met with the officials of the German Embassy and was briefed on how Germany has gone head-on with hydrogen, acknowledging it as the future fuel.
“It was against this backdrop that I felt there was a lacuna, that we were disconnected from these realities and that it was important that we find a helping hand, a shoulder that we can lean on and that can take the issue of hydrogen forward.
“We can research, harmonize, and exchange ideas that will benefit Nigeria. Hydrogen being the fuel of the future is revolutionizing activities in many spaces and climes and Nigeria can not be left behind,” Ella said.
The Permanent Secretary thanked FOSSREA for driving the hydrogen process and exploring ways that will make Nigeria emerge as one of the forces in hydrogen development in the world.
“As we go about this responsibility, we will be calling upon you from time to time to share your research works, knowledge and expertise with our officers. We want to go hand in hand with you in training and in developing the capacities of the officers in this sphere.”
General
NECA’s Annual Retreat for Business Managers, Executives Holds April 16
By Aduragbemi Omiyale
The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.
This year’s edition is themed The Resilient Enterprise, People and Systems: Building and Managing Businesses that Outlive Seasons, Cycles and Crises.
The programme aims to equip leaders with the insights, tools, and networks required to build resilient organisations in an increasingly complex business environment.
It will provide a unique platform for executive-level engagement through high-level conversations, peer learning sessions with experienced leaders, strategy reflection workshops, and curated networking opportunities.
Expected to attend are industry leaders, senior executives, and business managers from across sectors. They will explore strategies for sustaining organisational performance through leadership transitions, economic cycles, regulatory shifts, and market disruptions.
Participants will also benefit from interactive discussions focused on strengthening corporate governance, developing agile leadership capabilities, and building organisational systems that can withstand periods of uncertainty and transformation.
A notice from NECA said the event is open to both members and non-members, with participation fees set at N300,000 for members and N320,000 for non-members. Discounts will also be available for Gold and Silver members, subject to applicable terms and conditions.
Interested participants are encouraged to register via the official registration link to secure their place at the retreat, which promises to deliver valuable insights and connections for executives seeking to build enterprises capable of thriving through seasons of change and uncertainty.
The Director-General of NECA, Mr Adewale Smatt-Oyerinde, noted that by convening business managers and senior executives in a collaborative learning environment, the association aims to contribute to the development of stronger, future-ready enterprises that can drive economic growth, create jobs, and support national development even in the face of evolving global and local challenges.
He added that the retreat will provide executives with the opportunity to step away from daily operational demands and engage in deeper strategic conversations with peers and industry experts.
“The theme of this year’s retreat speaks directly to the realities businesses face today. Across sectors, organisations are navigating leadership transitions, regulatory shifts, economic pressures, and technological disruption.
“What distinguishes enduring enterprises is their ability to build strong systems, develop capable leaders, and create organisational cultures that can adapt and respond effectively to change,” the NECA chief said.
General
Egbin Power Commissions 80 New Staff Housing Units
By Modupe Gbadeyanka
In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.
This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication
“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.
“This significant expansion of our residential estate is a tangible expression of that commitment.
“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.
Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
General
NGX Group, CSCS, WIMBIZ to Ring Bell for Gender Equality
By Aduragbemi Omiyale
On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.
The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.
In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.
Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.
NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.
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