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Nigeria, Spain to Explore More Opportunities in Energy Sector

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By Adedapo Adesanya

The governments of Nigeria and Spain have made plans to explore opportunities present in the energy sector to build a more robust relationship between the two countries.

Vice President Yemi Osinbajo speaking on Friday at the Presidential Villa when he received the Minister of Foreign Affairs of the Kingdom of Spain, Mr José Manuel Albares, on a courtesy visit, said Spain had been a very good friend of Nigeria.

According to the Vice President, “Aside from the economic connections, it has been the largest importer of our gas and the third-largest importer of crude oil.

“There is every good reason why we should consider that in good times and bad, Spain has remained a good friend. This is a relationship that is not just based on talk, but there is a lot of action.

“I am extremely optimistic that our relationship will become more robust in the months and years to come. Nigeria definitely feels that it has a strong partner and brother in Spain. And I hope that it stays this way and even better.”

The VP said “the future, obviously, is going to be interesting. For the next few years, we are going to be confronted with a challenging world. One of the issues will be energy. Both energy security and energy transition. These are two critical issues.

“There is no question at all that we must make alternative arrangements to assure energy security. And in our case, with the Climate Change agreement, we want to make sure that the transition from fossil fuels and other pollutants is as smooth as much as possible in the interest and development of our people.”

Speaking further, he noted the possibilities for cooperation between Nigeria and Spain, noting that “there are companies in the power sector that are interested in doing business in Nigeria. In our Energy Transition Plan, we have a whole menu of projects in the power sector to show companies that are interested in investing.

“We hope this would interest private companies coming from Spain. I hope that this visit will be one where they will take a look at our energy plan and some of what we are trying to do, not just the short-term but the long-term issues that we are trying to resolve.”

On his part, Mr Albares thanked the VP for his support for Spanish business interests in Nigeria and restated his country’s commitment to strengthening relations with Nigeria, stating that “Nigeria’s partnership with Spain in the energy sector is important.

“The relationship between our countries is mutually beneficial, and we will continue to try our best,” pledging his country’s support for Nigeria’s Energy Transition Plan especially sharing notes on best practices and implementing (renewable energy) projects in Nigeria.”

The Minister commended the role of Nigeria in maintaining stability in the West African sub-region, noting that “I must commend your efforts in ensuring democracy and everything concerning good governance in the region,” and pledged Spain’s support to the fight against terrorism and piracy in the Gulf of Guinea.

The Spanish minister was accompanied by the country’s Ambassador to Nigeria, Mr Juan Sell; the Director of the Spanish Cooperation Agency, Mr Anton Leis, and the Director General for Africa, Mrs Alicia Rico.

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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British Council Hosts Going Global Africa Conference in Abuja

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Going Global Africa Conference

The British Council, a UK-based organization dedicated to fostering cultural relations and educational opportunities, hosted the Going Global Africa Conference 2024.

The event, which took place from November 26 to 28 at the Transcorp Hilton Hotel in Abuja, was themed Building Sustainable and Relevant Tertiary Education Institutions and Systems in Africa.

It brought together policymakers, academics, industry leaders, and youth advocates to address critical issues in tertiary education across the continent.

At the opening session, which spotlighted youth aspirations and actionable strategies to bridge the gap between tertiary education and workforce demands, the Minister of Education, Mr Olatunji Alausa, unveiled the Nigerian Educational Sector Renewal initiative, a six-pillar agenda aimed at modernising the education system.

The session, titled The Future is Now: Realising the Vision of Africa’s Youth, was used by him to emphasised the importance of STEM and vocational training.

According to him, one of his takeaways from the opening plenary session is starting up student-led ventures, a good initiative the government would take on.

Throughout the three-day event, critical sessions explored the role of partnerships and innovation in strengthening tertiary education.

Another session titled Maximising Impact through Tertiary Education Partnerships, chaired by Prof. Sir Steve Smith, examined frameworks for sustainable education partnerships.

Also, at another session, Transitioning to the World of Work, led by Femi Taiwo, Founding Partner of F.I.T. Africa, delved into career-readiness strategies and the systems required to prepare graduates for industry demands.

Contributors such as Prof. Colin Riordan from the Association of Commonwealth Universities and Ms. Nadia Waggie from the University of Cape Town enriched these discussions with their expertise.

The conference also included a variety of focused sessions and panels, such as Learning Labs on technology integration, employability, and international research partnerships. Discussions highlighted access to education for marginalized groups, including women and persons with disabilities, with sessions such as Disability Inclusion in Tertiary Education led by Prof. Tracy Bhamra and featuring disability rights advocates.

Business Post reports that the conference coincided with the British Council’s 80th anniversary in Nigeria, celebrating decades of impactful partnerships in education.

“Hosting this conference in Sub-Saharan Africa underscores our commitment to fostering sustainable partnerships and innovation in education,” the Regional Director for Sub-Saharan Africa at the British Council, Lucy Pearson, remarked.

The event concluded with a renewed commitment to bridging the skills gap in Africa’s tertiary education.

The Acting Country Director for the council, Chilufya Besa, said, “By bringing together industry stakeholders, we have made significant progress in aligning education with workforce needs.”

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Thailand Gifts Nigeria 32-Tonne Rice Shipment to Tackle Food Crisis

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By Adedapo Adesanya

Nigeria has received a 32-tonne shipment of rice from Thailand as part of foreign relief to tackle escalating hunger and food insecurity.

The shipment, the first of its kind in a decade, has arrived in Lagos, according to DUCAT, the logistics company that facilitated its delivery.

The rice from Thailand was exported following Nigeria’s decision to implement a tariff moratorium on wheat, corn, rice, and other food crops last year, DUCAT revealed.

Although the duty waiver was introduced, purchases have largely been cautious, driven by concerns about its potentially harmful impact on local producers.

“Nigeria has been working hard to find solutions to broaden and strengthen its food supply accessibility,” DUCAT Chief Executive Officer, Mr Adrian Beciri said in a statement.

Several months ago, Nigeria unveiled a set of measures to combat soaring food inflation, which is rising at its fastest rate in three decades.

According to the last inflation update, food inflation reached 39.93 per cent year-on-year in November from 39.16 per cent the previous month in October 2024, caused by price rises for staples such as rice, maize, bread, potatoes and cooking oil.

Inflation quickened sharply in the second half of 2023 after President Bola Tinubu devalued the Naira and cut petrol and electricity subsidies to try to lift economic growth and shore up public finances.

Inflation has still not let up as it remained at 34 per cent as of November.

Many of the policies have failed to materialise including a 180-day window to allow duty-free imports of wheat, corn, and other critical food crops— a move promised would crash food prices.

A survey of market prices by Business Post indicates that food prices remained elevated during the last Christmas period.

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JUST IN: Lagos Assembly Lawmakers Impeach Obasa as Speaker

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By Dipo Olowookere

The Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, has been impeached by members of the legislative arm of government.

Mr Obasa was removed from office on Monday after a motion for this was moved by one of the lawmakers.

The Assembly has now elected Ms Mojisola Meranda, a member representing Apapa I Constituency, as the new Speaker.

This action is coming amid allegations of fraud against Mr Obasa, who is from the Agege constituency.

It has been speculated that Mr Obasa got into political trouble because of his alleged interest in the governorship position in 2027.

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