General
FG Insists Power Sector Remains Key Priority
By Adedapo Adesanya
The Vice President of Nigeria, Mr Kashim Shettima, has reiterated that the Light Up Nigeria Project, remains a part of the priorities set by President Bola Tinubu to revamp the nation’s economy and ensure rapid industrialization.
Mr Shettima said the Project heralds renewed hope for industrialists, investors and Nigerians who had to bear the brunt of the country’s power challenges for so long.
The Vice President spoke as he officially launched the Light Up Nigeria, Southeast Initiative in Enugu, describing it as the much-expected solution to the power supply deficit that has undermined the nation’s economy and industrialisation.
Mr Shettima during the project launch on Monday in Enugu also commissioned the 181MW Geometric Power plant in Aba, Abia State to accelerate power supply to industrial clusters in the region.
The project, a collaboration between the Niger Delta Power Holding Company Limited and its partners, is targeted at revamping Nigeria’s infrastructure framework with the much-needed drive in empowering Nigerians and strengthening the economic policies of the Tinubu administration.
The Vice President noted that the project is part of the federal government’s responsibility for the nation’s industrialization in fulfillment of the promises made by President Tinubu.
“This marks a renewal of hope for industrialists, for investors, and for the homes that have long endured the consequences of Nigeria’s power supply deficit.
“The Light Up Nigeria project powers the hope of our industrialists and serves as a long-awaited solution to the power supply deficit that has undermined our economy over the past decades. So, this intervention isn’t a ribbon-cutting charade.
“This is a calculated endeavour to re-engineer our economy, and whatever we design to oil the wheels of our industries is futile unless we stabilize the Nigerian Electricity Supply Industry (NESI).”
The VP had on October 12, 2023, flagged off the initiative in the Southwest at the Agbara Industrial Cluster, with stakeholders committing to the successful implementation of the project across the country.
Flagging off the project in Enugu for the Southeast region, he recalled that when the pilot project was initiated with a business roundtable at the Agbara industrial area, it attracted major investors and industrialists even from neighbouring clusters in Oyo and Lagos States.
“We were sure of our direction in pursuit of the priorities set by His Excellency, President Bola Ahmed Tinubu, and the dream under construction attracts us to this historic city of coals and industries,” he added.
Mr Shettima stated confidently that “even the most skeptical mind has since been persuaded by the milestones achieved in Agbara since October 12, 2023,” following the completion of technical studies and a new transformer procured, while a mobile transmission substation would soon be up for commissioning.
Noting that the project is not mere rhetoric, VP Shettima pointed out that as an industrial powerhouse, the South East and its economic fortune is one of President Tinubu’s critical priorities.
“This marks a significant step toward reliable power supply. The genius of this initiative is that it promises a boost in supply levels to NESI without injecting public funds. Yet, it provides stable power where our economy needs it the most,” he explained.
On the choice of Enugu for the launch of the project in the South East which, according to him, was not based on geographical compensation.
He further explained that “with its renowned industrial layouts in Emene and 9th Mile corner, the commercial and manufacturing direction, potentials, and promise of Enugu States align with our vision of fast-tracking the economic growth and influence of this project beyond the South-East, beyond Nigeria, and, in fact, beyond Africa.”
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.
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.
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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