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Lagos Gives 120 5KVA Generating Sets to Police Formations

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By Dipo Olowookere

About 120 new 5KVA generating sets were on Monday handed over to all police formations in Lagos State by Governor Akinwunmi Ambode.

Mr Ambode, while handing over the generating sets to the Commissioner of Police, Mr Imohimi Edgal, reiterated his administration’s commitment to ensure the enforcement of rule of law and safety of lives and property in the state, just as he said that his vision was for the state to be among the safest places to live and work in Africa.

He further pledged to continue to support security agencies in the state to ensure optimal performance.

Governor Ambode, who was represented at the brief handing over ceremony by the Chairman of Lagos State Security Trust Fund (LSSTF), Mr Oye-Hassan Odukale, said the security of residents and investors remain one of the cardinal objectives of his administration, and that government would not relent in coming up with initiatives and programmes to guarantee safety of the people.

He said the generating sets were procured by the Fund to ensure that police formations in the State work optimally in their mandate of safeguarding lives and property.

According to him, “Lagos State is the safest State and we hope to make the State to be among the safest States in Africa which is our objective at the Fund. Anything about security is given high priority by our administration. Lagosians are now feeling safe. The safety that we are experiencing doesn’t come cheap but I like to assure that at the Fund, we are always willing to move at any time to ensure that we keep Lagos safe.”

The Governor also congratulated the new Commissioner of Police in the State, Mr Imohimi Edgal, and pledged to work with him to ensure the safety of the people.

He said aside the provision of the generating sets, the LSSTF had also been mandated to carry out the installations of the new equipment in all the Divisions and Area Commands in the State.

Besides, Governor Ambode urged police officers to take good care of the generating sets and use them for the purpose meant for the overall benefit and safety of the people.

Responding, the Commissioner of Police thanked Governor Ambode for the gesture, saying that the generating sets could not have come at a better time.

While assuring that the generating sets would be put to optimal use, Mr Edgal said that the facility would go a long way to ensuring that the divisional and area commands are well lit up to enable them effectively enforce the laws of the land.

“You can imagine the confidence members of the public will have if divisional headquarters and area commands are lit with the confidence that their matters would be earnestly addressed.

“Power is very essential. Our communication gadgets, especially phones need to be charged. You cannot function anywhere, you can’t take complains, you can’t give directives to field officers when there is no power. These generating sets are very valuable to us,” the CP said.

Earlier, in his welcome address, Executive Secretary of LSSTF, Dr Abdulrazak Balogun said the generating sets would be distributed across the 107 Police Divisions and 13 Area Commands in the State.

He said the procurement of the generating sets was in furtherance of the Light Up Lagos Project of the present administration aimed at ensuring that every nook and cranny of the State are well lit.

He said, “The procurement is also in tandem with Governor Ambode’s vision of a secured and investment-friendly Lagos. Police formations are critical to securing lives and property in the State and it is very important that these stations function optimally.

“This is why the Lagos State Security Council recommended the provision of power generating sets for these stations and the State Security Trust Fund expeditiously approved the expenditure.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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NCSP Strengthens Strategic Investment Cooperation With China

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By Adedapo Adesanya

The Nigeria–China Strategic Partnership (NCSP) recently hosted a high-level delegation from Newryton International Industrial Development Company Limited, a leading Chinese investment and industrial development consortium, to advance discussions on deepening bilateral trade, industrial cooperation, and development financing between both countries.

The Newryton delegation, led by Mr David Chen, Assistant Secretary-General of the China Hainan Investment Council, had earlier engaged with the Nigerian Association of Commerce, Industry, Mines and Agriculture (NACCIMA). They were accompanied to the NCSP by Mr Joe Onyuike, Vice-Chairman of NACCIMA’s Agriculture and Livestock Trade Group, who conveyed NACCIMA’s support for the delegation’s engagements.

Discussions centered on the establishment of a Nigeria–China Trade and Investment Platform, including a proposed Promotion Centre in China to support Nigerian products, investors, and state governments.

The consortium also presented opportunities within Hainan Province’s Free Trade Port (FTP), which offers preferential policies that Nigerian businesses can leverage to expand exports and attract new investments.

In his address on behalf of Newryton, Mr Pong outlined plans to collaborate with NCSP in accessing FOCAC-supported financing for strategic investments in agriculture, energy, mining, solid minerals processing, and related sectors. The delegation identified aquaculture as a key area of interest and referenced the forthcoming Global Aquaculture Conference in Hainan Province, encouraging Nigerian stakeholders to participate.

They also expressed readiness to strengthen cooperation in vocational training and employment under the Belt and Road Initiative (BRI).

Welcoming the delegation on behalf of the Director-General, Martins Olajide, NCSP’s Head of Internal Operations, reaffirmed the organisation’s commitment to fostering mutually beneficial partnerships.

He highlighted NCSP’s strong interest in the proposed Nigeria–China Trade and Investment Platform and the development of the Nigerian Oil Palm Industrial Park as a flagship demonstration project.

Also speaking at the meeting, Ms Judy Melifonwu, NCSP’s Head of International Relations, underscored the opportunities presented by China’s zero-tariff policy and the forthcoming NAQS–GACC protocol on the export of Nigerian aquaculture products. She noted that these frameworks would significantly enhance Nigeria’s competitiveness in emerging global markets.

Both parties expressed commitment to advancing discussions toward a structured cooperation framework covering all priority areas.

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UKNIAF Marks Six Years Infrastructure Support to Nigeria

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By Adedapo Adesanya

The United Kingdom–Nigeria Infrastructure Advisory Facility (UKNIAF), established in 2019 as part of a 16-year legacy of UK-funded infrastructure support to Nigeria, convened over 100 senior stakeholders on Tuesday, December 2, to review its progress and formally close out its current phase of operations.

The event brought together representatives from federal and state governments, development partners, development finance institutions, and the private sector to reflect on UKNIAF’s work across the power, infrastructure finance, and roads sectors. Discussions focused on institutional reforms, capacity development, and the sustainability of tools and processes introduced over the past six years.

Since inception, UKNIAF has delivered targeted technical assistance designed to embed evidence-based reforms, data-driven decision-making, and improved institutional performance. Its interventions have mobilised significant financing, strengthened regulatory and planning systems, and enhanced investor readiness across multiple infrastructure markets.

In the power sector, participants highlighted landmark achievements including the development of Nigeria’s first Integrated Resource Plan, which outlines a least-cost and low-carbon pathway for expanding electricity supply. UKNIAF also supported the Nigerian Electricity Regulatory Commission (NERC) in building advanced real-time data capabilities for tariff monitoring, grid management, and outage tracking. The programme enabled pioneering states to establish their own electricity markets following constitutional reforms.

In infrastructure finance, UKNIAF was recognised for strengthening project preparation systems and enabling access to capital. Notable accomplishments include supporting the mobilisation of $75 million from the African Development Bank to the Special Agro-Industrial Processing Zone (SAPZ) programme in two states, and accelerating mini-grid and solar deployment through improved technical standards at the Rural Electrification Agency (REA).

UKNIAF also designed a national project preparation facility, for which N21 billion was allocated in both the 2024 and 2025 budgets to build a pipeline of bankable projects.

Speaking on this, Mr Frank Edozie, UKNIAF Team Lead, described the programme’s close-out as a “handover for sustained delivery,” emphasising that strengthened institutions now hold tools that make Nigeria’s infrastructure landscape more transparent, climate-smart, and investor-ready.

On his part, the Minister of Power, Mr Adebayo Adelabu, commended the programme, noting that its technical assistance and advisory services had helped lay the foundation for a sustainable and inclusive electricity supply industry.

Mrs Cynthia Rowe, Head of Development Corporation at the UK Foreign, Commonwealth and Development Office (FCDO) in Nigeria, praised the partnership, highlighting achievements ranging from state-level electricity market reforms to unlocking major financing and designing Nigeria’s Climate Change Fund.

Enugu State Secretary to the State Government, Professor Chidiebere Onyia, underscored the lasting influence of the programme, stating that UKNIAF’s impact continues through the expertise and leadership transferred to national and sub-national institutions.

The close-out event reaffirmed stakeholders’ commitment to sustaining tools, reforms, and knowledge products developed under UKNIAF, while strengthening collaboration among public, private, and development actors in the infrastructure ecosystem.

Participants included federal and state agencies such as the Nigeria Governors’ Forum, Federal Ministry of Power, Ministry of Finance, NERC, REA, and the Transmission Company of Nigeria, alongside development partners including the African Development Bank, World Bank, and IFC, as well as private sector and civil society stakeholders.

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Dangote Refinery Reduces PMS Pump Price to N699 Per Litre

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By Aduragbemi Omiyale

The gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, has been slashed by the Dangote Petroleum Refinery.

The Lagos-based oil facility brought down the ex-depot price of the petroleum product by 15.58 per cent or N129 per litre to N828 per litre.

Though the company had yet to release an official statement on this development, real-time market data on Petroleumprice.ng on Friday showed the new price.

Punch reports that data from the platform also showed fresh reductions across several private depots following the refinery’s latest review.

Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic dropped its price by N3, and TechnoOil slashed its by N15.

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