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FG Insists Power Sector Remains Key Priority

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power sector liabilities

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.”

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Apprehension as Explosion Hits Trans-Niger Pipeline in Rivers

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By Adedapo Adesanya

An explosion has rocked the Trans-Niger Pipeline at Bodo, Gokana Local Government Area of Rivers State.

According to reports, the affected section of the major pipeline occurred on Monday night, though the exact cause of the explosion remains unknown as of press time.

Authorities have yet to determine whether the incident resulted from human interference, especially amid recent threats by militant groups to attack oil installations in response to the federal government’s withholding of Rivers State’s allocation due to the ongoing political crisis.

A Federal High Court in Abuja in October 2024 ordered the stoppage of the release of federal monthly allocations from the consolidated funds to the Rivers State government

The infrastructure is a critical export pipeline that transports crude to the Bonny Terminal and could affect Nigeria’s oil production which has continued to make recoveries despite security and infrastructure challenges.

This development comes as the Rivers State House of Assembly moved to impeach Governor Siminalayi Fubara and Deputy Governor Ngozi Odu.

The Martin Amaewhule-led Assembly loyal to the former governor and Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, served Mr Fubara and Prof Odu with a notice of alleged gross misconduct, signalling an imminent impeachment process.

The notice listing the alleged misconduct sent to the Speaker was a sequel to a letter dated March 14, 2025, signed by 26 members of the Assembly.

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N12.3bn Loan: Court Orders Otudeko Arraignment, Adjourns till May 8

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By Modupe Gbadeyanka

The chairman of Honeywell Group, Mr Oba Otudeko, has been ordered to appear before a Federal High Court sitting in Lagos at the next adjourned date, May 8, 2025.

Mr Otudeko is expected answer questions raised by the Economic and Financial Crimes Commission (EFCC) over a loan controversy involving N12.3 billion, believed to have been taken from First Bank.

At the court on Monday, Justice Chukwujekwu Aneke noted that no preliminary objections would be considered until the businessman responds to the charges against.

The judge ruled that Mr Otudeko must be arraigned before the court considers any arguments about its authority to handle the case, referencing previous legal rulings, specifically the cases of Onnoghen v. FRN and Bello v. FRN, to support this decision, reinforcing the principle that a defendant’s plea must be addressed before any other applications can be heard.

“The issue before the court is whether the processes can be taken before the arraignment of the defendants. Any preliminary objection to the validity of a charge can only be heard after the plea is taken. This is now a condition precedent, and this court is bound by the decision.

“I agree with the learned counsel for the prosecution—no preliminary objection can be taken without the arraignment of the defendants. This is my view,” Justice Aneke said.

At a hearing on February 13, Mr Otudeko’s lawyers had argued that their objections should be heard before they take their plea, but the court has now ruled against that request.

Despite the ruling, Mr Otudeko’s lead lawyer, Chief Wole Olanipekun (SAN), told the court that efforts are being made to settle the matter out of court, noting that a meeting was held on March 12 with key parties, especially the first defendant and the prosecution.

Other defence lawyers, Kehinde Ogunwumiju (SAN), Adeyinka Olumide-Fusika (SAN), and Charles Adeosun-Phillips (SAN), supported Olanipekun’s request for the case to be postponed so that settlement talks could continue without disruption.

However, the prosecuting counsel, Bilkisu Buhari-Bala, requested an adjournment for either an arraignment or a settlement report.

Despite the defence’s insistence on a settlement report, Buhari-Bala maintained that proceedings should continue with either an arraignment or an update on settlement efforts.

In response, the court granted the defence’s request and adjourned the case until May 8, 2025, for a report on the settlement efforts.

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Dangote to Produce Plastic Packaging, Textiles as Polypropylene Facility Commences

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By Adedapo Adesanya

The Dangote oil refinery has commenced operating its polypropylene facility in Lagos.

Polypropylene is a thermoplastic polymer that is commonly used in plastic packaging, textiles, reusable shopping bags,  surgical equipment, household chairs, and kitchen utensils.

According to S&P Global, the starting up of Dangote’s 830,000 metric tonnes per year polypropylene site was one of the last outstanding milestones for the oil refining and petrochemical complex in its commissioning sequence, which has been taking place since January 2024.

“Polypropylene production has now started, with supplies being distributed in 25kg bags, and has already threatened to upend the domestic market,” two market sources had told Platts, part of S&P Global Commodity Insights.

When it becomes operational, the Dangote facility is set to become Africa’s largest polypropylene production site, producing from two polypropylene units with capacities of 500,000 metric tonnes per year and 330,000 metric tonnes per year.

The President of the Dangote Group, Aliko Dangote, previously set out hopes that the complex would fully cover some 250,000 metric tonnes per year of domestic demand for polypropylene.

S&P Global cited that the new capacity could quickly capture market share in the existing polypropylene homopolymer market, which has so far been concentrated at Indorama Eleme’s Port Harcourt refinery in Nigeria and drawn imports from the Middle East.

The company had previously said its $2 billion petrochemical plant located in Ibeju-Lekki, Lagos State, is designed to produce 77 different high-performance grades of polypropylene in the country.

With a turnover of $1.2 billion, the Dangote Petrochemical plant, situated alongside the Dangote Refinery, is positioned to cater to the demands of the growing plastic processing downstream industries, not only in Africa but also in other parts of the world.

Speaking then, Mr Devakumar Edwin, now the Vice President of Dangote Industries Limited, said the Dangote Petrochemical will drive massive investment in the downstream industries, generating huge value addition in the country, creating employment, increasing tax revenues, reducing foreign exchange outflow, and increasing the country’s Gross Domestic Product.

“We have 77 types of polypropylene, which can be used for different purposes, and we can produce it from our petrochemical plant. Currently, the plant is capable of producing about 900,000 tonnes of polypropylene per annum. Our Petrochemical plant should be the biggest in Africa,” he said.

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