General
Jitters as Organisers Insist on Independence Day Protest
By Adedapo Adesanya
Organisers of the #FearlessOctober1 protest have declared that the police, the Department of State Services (DSS), and the military would not stop them from embarking on the demonstration as planned.
They have written to the Inspector-General of Police (IGP), Mr Kayode Egbetokun, to request security during the procession, noting that protest remains a fundamental right and will not submit to any state agent.
This comes as recent protests have come with police reportedly arresting and shooting at protesters in Lagos and Abuja.
Nigeria will celebrate its 64th independence on Tuesday, October 1 (tomorrow).
However, some Nigerian youths have taken to the day to protest the hardship occasioned by the removal of fuel subsidies and the devaluation of the Naira under the administration of President Bola Tinubu.
On its part, the National Coordinator of the Take It Back Movement, Mr Juwon Sanyaolu, and Director of Mobilisation of the group, Mr Damilare Adenola, said mobilisation efforts had begun, adding that Nigerians were mobilising from different parts of the country for the protest.
“We have also written to the Inspector General of Police, informing him of our protest locations and reminding him of the constitutional duty of the police to protect protesters as opposed to the repression we have witnessed in times past,” said Mr Sanyaolu.
In Lagos, the protest organisers plan to commence their march at the Ikeja Under Bridge at 7:30 am
On his part, activist and politician, Mr Yele Sowere, said a peaceful nationwide protest will be held at Eagles Square Abuja.
Giving an update, he said — “The protests will hold across all parts of Nigeria because the scale of the devastation, hunger, insecurity, and hardship that this government has unleashed on Nigerians is national. I will emphasise again that these will be peaceful protests, as they’ve always been.
“The last protests were peaceful, yet the government met the protesters with batons and bullets.
“We will not be deterred, though. Our only weapon is truth, and no amount of force or violence will prevent us from speaking truth to power.”
“Between the last protest just two months ago and now, petrol prices have risen by almost N300 per litre. The naira has further devalued, and prices have increased in the market. Bandits have taken over and killed off entire communities. Floods are devastating our cities.
“Under these circumstances, can anyone be surprised that the Nigerian people want to voice their displeasure with this government’s failure to address the issues affecting them?
“We are prepared to come out to protest. We are determined to do so peacefully. I can assure you that thousands of voices will be raised in protest on October 1.
“The pangs of hunger and groans of the pain of the Nigerian people will not be drowned out by the government,” he said during an interview session shared on his handle.
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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