General
Isoko Monarchs Endorse Uduaghan for Senate
By Dipo Olowookere
Ahead of the 2019 National Assembly elections in February, traditional rulers of Isoko ethnic nationality in Delta State have expressed their desire to have the immediate-past governor of the state and All Progressives Congress (APC) 2019 Delta South senatorial candidate, Dr. Emmanuel Eweta Uduaghan, represent the district at the upper legislative chamber for a change in status quo, and for the sake of progress in the area.
Speaking for traditional rulers of Isoko South in Oleh on Wednesday, His Royal Majesty, Anthony Ovrawah, Omogha 1, the Odio-Ologbo of Oleh, said Uduaghan had the blessings and support of the royal fathers for the senate seat.
“I have opened the door of the senate to Dr. EEU because he is an illustrious son of Isoko nation and we have confidence in him. We know him. Isoko nation benefited immensely during your tenure. You are one of us.
“I recall when you were governor, you paid me an unexpected visit. I was almost at the point of death. I didn’t complain to you or anyone close to you of any ailment but as a true medical doctor, you detected I was sick. You insisted that your personal ambulance take me to Oghara Teaching Hospital where I was treated free of charge.
“Before your visit, my people and I had resolved to throw our support behind you and the Itsekiris. The position [senatorial seat] belongs to three children. One child should not monopolize it. It is mother’s breast, only one child cannot suck it.
“Uduaghan has the blessings and support of Isoko nation for the senatorial seat. You’re our candidate for the senate. We picked you not because of APC but for who you are.”
“This is your time; we saw what you did as a state governor. Go to the senate and do more. Your name is already in the senate. Isoko is sending you,” the monarch declared.
The former governor also met with traditional rulers from Isoko North at the palace of His Royal Majesty, Anthony Ogbogbo, Ebuka 1, Ovie of Ozoro kingdom, in continuation of his consultation with traditional rulers in Delta South for his senatorial ambition.
Speaking at Ozoro, HRM Ebuka 1, Ovie of Ozoro kingdom, who spoke on behalf of the traditional rulers, said monarchs in the state would not forget in a hurry Uduaghan’s support for the traditional institution.
The monarchs noted that Uduaghan as a governor accorded the traditional institution its due respect and as well, raised the status of royal fathers to an enviable position in the country.
“The other kings from all the other kingdoms in Isoko North are here to see the man who elevated their status. You did well for us. You fought for traditional rulers and the sanctity of our culture. You won our hearts with your issue-based speech. It is rare.
“We (traditional rulers) in Delta State will not forget you in a hurry. You did well as a governor. You won our hearts with your issue-based speech. We pray God to grant your aspiration with a resounding victory,” the Ozoro king said.
Uduaghan, while speaking during the visit to the two palaces, said he was in Isoko land to solicit the support of Isoko Nation for his senatorial race in the next month’s National Assembly election in Delta South.
He noted that as a secretary to the state government (SSG) and later governor of Delta State, he is well abreast with the role traditional rulers play in ensuring peace in the state.
The former governor also told the monarchs that if elected as senator, he would sponsor bills and law that will give constitutional backing to the traditional institution in the country as well as ensure that their pains are addressed by the federal government.
“As an SSG and secretary to the State Security Council and later as a governor of the state, I know the enormous role traditional rulers play in helping to ensure peace and security.
“Kings have spiritual powers. Somehow, they are gifted with the act of mediation and peace.
“We would have been experiencing more violence if not for the intervention of monarchs especially from Isoko who ensured that their domains were peaceful during my time as governor.
“One of the reasons I am seeking your support to go to the senate is that I believe that our traditional institution should have legal backing in their role in ensuring peace in the country.
“If elected as senator I will also push for the recognition of monarchs in the constitution of the Federal Republic of Nigeria which would give them a constitutional role to their people.
“I also believe that as people from oil producing communities, we should have a major stake in the ownership of the oil and gas companies in our communities. Through this, our communities will benefit more from the oil and gas that is derived from our area.”
“I will also push for the cleaning of impacted communities. Based on my experience as a governor, there is so much we can do to create jobs for unemployed youths in the region.
“I will push for communities to have at least 5 per cent ownership of companies operating in host communities in Delta South. This will create jobs for men, women and youths.
“I will also push for communities to be in charge of security of government and companies’ properties in their domain.
“Pipeline surveillance contract should be a form of empowerment to our youths but they are only paid peanuts at the end of the day because some persons who are not even from our region are the middlemen. When I become senator, the contract would come straight to our communities so that our youths would be empowered.
“The destruction of localized refineries otherwise known by the government as illegal refineries further causes more harm as much as our boys “cooking” crude oil in the creeks. When I become senator, I will push for the legalization of these localized “refineries”. This will ensure positive engagement across the value chain,” Uduaghan concluded.
General
Watt Renewable Secures $15m Loan for Hybrid Solar Power Plants in Nigeria
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.
General
NMDPRA Denies Restricting Gas Supply to Gencos
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.
General
Power Outage in Nigeria as National Grid Collapses
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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