General
Lagos To Review Law On Kidnapping
By Dipo Olowookere
Governor Akinwunmi Ambode of Lagos State on Sunday assured parents and families of victims kidnapped from Lagos Senior and Junior Model College, Igbonla-Epe that they would be rescued very soon.
Mr Ambode promised that the government would also commence a review of its laws to curb and effectively punish perpetrators of such act.
He said the state government was collaborating with security agencies to ensure the victims are rescued and reunited with their families.
The Governor, who spoke shortly after carrying out an extensive inspection of projects across the State, also issued a 7-day ultimatum for all illegal structures on the State’s waterfront to be demolished.
Speaking to journalists at the Illubirin Housing Scheme in Lagos Island, Mr Ambode expressed worry about the erection of several shanties and structures within the premises and especially on the waterfront. He emphasised that such would not be allowed in the state anymore.
He said kidnappers, suspected militants and criminally minded persons often seek refuge in such shanties close to the waterfront, from where they perpetrate their heinous crimes and then make use of the waterways to ferry their victims to another location, in most cases to another state.
The Governor said, “I also want to use this opportunity to appeal to all those living in the shanties around these schemes especially on the waterfront illegally that they should vacate the areas forthwith.
“You will see that most of the issues that we have with kidnappings are actually being brought up by those who are illegal settlers by the waterfront. We will commence demolition of all the shanties around the creeks in Lagos State and also around our waterways in the next seven days. I have given directives to that effect to the appropriate agencies.
“The safety of our children and all Lagosians is paramount in this administration. We will not allow a few set of people who come into Lagos and stay on our waterfront illegally and then use it as opportunity to kidnap our people. I also want to assure our people that government is seriously on the issue of the children and the teachers that were kidnapped in the Igbonla Model College and very soon, we will get the victims back.
“I believe that the era of kidnapping has come to an end. We are going to review our laws and I can tell you sincerely that we will deal with kidnappers squarely in Lagos from this moment onwards. We will review our laws and make sure that there is no room for kidnappers in this State”.
Governor Ambode, who also spoke on the plans to continue construction of the Illubirin Housing Scheme, said his administration has taken time to review its mortgage scheme vis-à-vis its financial flow, adding that the Illubirin axis would be designed as live, work and play environment under a private sector initiative.
“In addition to that, the other housing projects that we are doing are on course and I want to assure Lagosians that in the next few months, we will be seeing a whole lot of housing units being rolled out. We believe strongly that people should be able to pay one month rent and live in our housing schemes.
“We don’t think in a recession, we should be having a situation where we allow people to come and buy when they don’t have money or to come and pay one year rent. We think the way to move forward is to allow these our younger ones to just pay one month deposit and pay one month rent and move into the houses and then more or less play up our rent-to-own scheme,” Governor Ambode said.
Also speaking, Commissioner for Housing, Mr Gbolahan Lawal, debunked insinuation that the Illubirin Housing Scheme had been abandoned saying that the project has been remodelled to accommodate 500 housing units.
He said government, in collaboration with a private investor who is investing about $500 million into the scheme, has perfected plans to make the scheme a live, play and work environment.
He said about five hectares would be dedicated for leisure, while there would also be commercial activities, as well as flyover which would be constructed.
Mr Ambode also inspected the Federal Government Guest House in Marina which has been handed over to the State Government and the ongoing ultra-modern Bus Terminal in Tafawa Balewa Square (TBS) in Lagos Island.
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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