General
Lagos Gives 120 5KVA Generating Sets to Police Formations
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.”
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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