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NERC Unveils Framework to Unlock Renewable Energy Investments

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NERC

By Adedapo Adesanya

The Chairman of the Nigerian Electricity Regulatory Commission (NERC), Mr Sanusi Garba, has announced that the regulator has established regulatory frameworks to support investors in renewable and distributed energy generation.

Speaking at the Summit on Accelerating Scale-up of Renewable and Distributed Energy Resources in Nigeria, Garba highlighted NERC’s commitment to creating an enabling environment for investors to tap into the country’s vast renewable energy potential.

The two-day event brings together key stakeholders to discuss strategies, regulations, and financing arrangements to deliver 30 per cent of the country’s 2030 power supply target from renewable energy sources.

Mr Garba affirmed the Commission’s commitment to effectively drive actions to promote the expansion of renewable and distributed energy access in Nigeria, noting that Nigeria’s mini grid regulation by NERC was widely regarded as one of the best in the world.

“Nigeria’s quest for accelerated scale-up of distributed and renewable energy is not without challenges. We have regulatory frameworks designed to provide clarity and certainty for investors, ensuring that they can confidently invest in renewable energy projects and contribute to Nigeria’s sustainable energy future,” he said.

The key frameworks and guidelines, according to him, include “The Electricity Act 2023, which enables NERC to promote all forms of renewable energy through regulation and licensing.

“Supplementary Order to MYTO 2024, requiring DisCos to procure a minimum of 10 per cent of their 2024 load allocation from embedded generation, with at least 50 per cent sourced from renewable energy sources.”

The NERC boss expressed optimism that efforts and deliberations at the summit will provide a platform for the electricity framework to promote energy access, enhance energy security, inclusive growth and accelerate access to electricity.

Also, the representative of the European Union delegation, Mr Godfrey Ogbemudia, said the EU has partnered with Nigeria to promote renewable energy since 2008 and has put €200 million in grants up until 2020.

Mr Ogbemudia said in 2021, the EU renewed its ability to fund renewable energy with €100 million to fund some 400 renewable energy projects that will benefit five million Nigerians and reduce carbon emissions.

“Let me commend NERC for taking bold steps and being innovative to promote renewable energy in Nigeria,” said Mr Ogbemudia.

While declaring the summit open, the Minister of Power, Mr Adebayo Adelabu, commended the Nigerian Electricity Regulatory Commission, NERC for partnering with key stakeholders to hold the summit when such discussion was needed most.

“In a special way, I want to commend NERC for putting up this summit. This summit is an important step and in full alignment with President Bola Ahmed Tinubu’s presidential priorities highlighted in the Renewed Hope Agenda to develop a sustainable energy sector for the country.

“It is expected that intellectual discourse, such as this summit we are gathered here today, will highlight and expose the strategies, regulations and bankable financing arrangements that can be leveraged to deliver our target 30 gigawatts of power supply capacity by 2030 of which 30 per cent are from renewable energy.”

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Tinubu Not Missing in Action, Absence Remains Temporary—Presidency

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Tinubu address nation

By Modupe Gbadeyanka

The presidency has informed that Nigerians that the absence of President Bola Tinubu remains temporary and was not missing in action.

In a statement on Thursday by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, it was disclosed Mr Tinubu should return to the country next week.

Some days ago, President Tinubu left the shores of the country for a “working visit” to France but later left the European nation for the United Kingdom at the weekend.

In the statement today, Mr Onanuga said his boss “remains fully engaged in Nigeria’s governance even though he is away in Europe.”

According to him, “His absence remains temporary and in line with the communicated timeframe of approximately two weeks.”

The spokesman said Mr Tinubu “has maintained constant communication with key government officials, overseeing critical national matters, including directives to security chiefs to address emerging threats in some parts of the country.”

“His return to Abuja and the resumption of duties at Aso Villa will follow the conclusion of the Easter holiday,” he declared.

“The President’s commitment to his duties remains unwavering, and his administration continues to function effectively under his leadership.

“We appreciate the public’s concern and assure all Nigerians that governance proceeds without interruption,” the statement noted.

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Dangote’s N16bn Food Programme Triggers Excitement in FCT, Kogi

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Dangote food FCT Abuja Kogi

By Modupe Gbadeyanka

Residents of the Federal Capital Territory (FCT) Abuja and Kogi State could not hide their joy recently over the distribution of some food items to them by the Aliko Dangote Foundation (ADF).

The N16 billion Annual National Food Intervention programme was launched last month by the organisation to support the poor and the vulnerable persons across Nigeria.

At the flag off on Tuesday in Abuja, the Senior Special Adviser to the President of Dangote Group, Ms Fatima Wali Abdurrahman, said 10,000 bags of 10kg rice were donated to the FCT for distribution to the beneficiaries.

According to her, the initiative is to support governments at all levels to cushion the effects of economic challenges in the country, noting that it started in 2024 when the company donated food worth N15 billion to all the 774 Local Government Areas in the country.

She described her boss, Mr Aliko Dangote, as someone who is passionate about giving back to society, especially the needy.

Also speaking at the event, the Minister of the FCT, Mr Nyesom Wike, who was represented by Ango Abdullahi Suleiman, said the government appreciates Mr Dangote’s gesture, saying the businessman has contributed enormously to the economic development of Nigeria, while promising to ensure that the food items reach the poor.

In Kogi State, the Commissioner for Humanitarian Affairs and Poverty Alleviation, Mrs Rabietu Okute, said 40,000 bags of 10kg rice have been received from the ADF and distributed to the poor and vulnerable persons in the state.

On the distribution process, she explained that it followed Governor Ahmed Usman Ododo’s directive, with a committee set up to ensure the food items reach vulnerable residents across the state.

Mrs Okute stated that the distribution was flagged off in the state on March 26, 2025.

“We shared the 40,000 bags of rice through the 21 Local Government Areas. The LGAs also shared the product to the 239 wards.

“Before this, a committee of 12 persons per Local Government was set up, and the state government moblized the committees. The products were distributed to vulnerable groups like the union of disabilities and the 23 orphanages in the state,” she said.

In his remarks, the General Manager for Community Affairs and Special Duties at Dangote Cement Plc, Mr Ademola Adeyemi, who supervised the distribution on behalf of ADF, said the food donation to Kogi would further boost the relationship between the company and the state.

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Afreximbank Disburses $50bn to Nigeria in 19 Years

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By Adedapo Adesanya

The Africa Export-Import Bank (Afreximbank) disbursed $50 billion for the execution of various projects in Nigeria in the last 19 years, the President of the Cairo-based lender, Mr Benedict Oramah, disclosed at the commissioning of the Afreximbank Africa Trade Centre (AATC) in Abuja.

At the event, he also reaffirmed the bank’s vision to dismantle trade barriers and promote African market integration.

“Over the last decade alone, total disbursements into Nigeria amounted to about 50 billion US dollars, spreading across vital sectors of energy, infrastructure, manufacturing, healthcare, transport and financial services.

“Our support to the Nigerian financial services industry, amounting to 19 billion US dollars in the last decade, has helped to deepen and expand the sector and elevated their impact on the local economy,” he stated.

The Afreximbank president, who hinted at the establishment of other AATCs in Harare, Kampala, Cairo, and Yaoundé, described the relationship between the bank and Nigeria as mutually beneficial.

“Over the last three decades, successive governments have accorded unflinching support to Afreximbank, responding most positively to capital calls, creating a congenial environment for its smooth operations while providing the Bank significant domestic policy support that helped to execute many of the development programmes in Nigeria.”

Mr Oramah pledged to expand the influence of the Africa Export-Import Bank across the Atlantic, with AATCs in the Caribbean, adding: “We must reshape our future.”

“We mark the standing up of an edifice that defiantly roars: that we must reshape our future; that we can no longer be hostages to a colonial legacy deeply rooted on ‘divide-and-conquer’ — a legacy that makes Africans regard their colonisers as masters and brothers and sisters, as enemies, and even aliens,” he said of the commissioning of the Abuja AATC.

The launch of the Abuja centre underscores Nigeria’s commitment to economic growth and development, positioning the country as a leader in shaping Africa’s economic future.
Representing President Bola Ahmed Tinubu at the launch, the Secretary to the Government of the Federation, Mr George Akume, underscored the centre’s role in driving economic diversification, job creation, and access to finance, particularly for SMEs and women-led businesses.
He emphasised the importance of the initiative in advancing Nigeria’s economic agenda, adding that as the African Trade Centre begins operations, Nigerians and Africans alike can look forward to a brighter economic future, driven by increased trade, investment, and regional collaboration.
The initiative is poised to play a pivotal role in driving economic diversification, job creation, and sustainable development, cementing Nigeria’s position as a leader in Africa’s economic landscape.
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