Connect with us

General

Nigerian Governors Suggest Ways to Boost Power Sector

Published

on

power sector liabilities

By Adedapo Adesanya

The Nigeria Governors Forum (NGF) has called for a three-way collaboration among the Federal, State Governments, and the private sector to provide affordable and reliable energy solutions in Nigeria.

This was made known by the Governor of Kaduna State, Mr Nasir Ahmad el-Rufai, at the Nigeria Energy Exhibition and Conference, which wrapped off its 9th edition with key stakeholders providing insights into sustainable strategies on Thursday.

The event brought together over 3,500 visitors and over 100 exhibitors representing over 21 countries.

The exhibition and conference attracted local and international investors, exhibitors and renowned speakers, including the Governor of Kaduna State; Mr Abubakar  Aliyu, the Minister of Power, Nigeria, represented by Mr Temitope Fashedemi, Permanent Secretary, Federal Ministry of Power; Ahmad Salihijo Ahmad, MD/CEO, Rural Electrification Agency of Nigeria; and Mr Aliyu Tukur Tahir, Managing Director/CEO, NEMSA & Chief Electrical Inspector of the Federation (CEIF).

Speaking at the event, Mr el-Rufai said, “Nigeria requires for its growth and development the delivery of affordable, reliable, and sustainable energy for homes and businesses. The Nigeria Governors Forum believes that the solution to our enduring electricity supply deficits lies in a three-way collaboration between the federal government, state government, and private sector.

“The expansion of generation, transmission, and distribution capacity in the country needs a sound regulated environment that is market driven. The state of the power sector retraces the hoops that inform the electricity power sector reform act passed in 2005. The act provided competitive electricity with a strong regulatory oversight role of the Federal Government”.

“The situation in the power sector suggests that why there are significant roles for the State and Federal Government, the Private sector has to be the largest source of investment, management, and know-how for sustainable and affordable electricity provision. The structural bottlenecks must be addressed within a public policy perspective that gives privacy to serious private sector leadership in the power sector,” he concluded.

On his part, Mr Ade Yesufu, Exhibition Director, Nigeria Energy, speaking about the success of the event, said – “at Informa Markets, we bring together all the relevant stakeholders in the relevant sector to hold critical conversations.

“We have welcomed thousands of visitors during the past three days to not only explore the best strategies to resolving the power challenges but also to build relationships for the sustainable growth of the sector. By connecting all parties in the Energy sector, the Nigeria Energy Exhibition and Conference have successfully unearthed solutions for the challenges in the sector.

“Formerly Power Nigeria, Nigeria Energy began as a platform to provide a blueprint for Nigeria’s power sector in the coming years to not only improve access to electricity but also drive economic growth and create jobs across West Africa. This year marks our 9th edition and continues our mission as the premier energy trade event and the largest gathering of energy trade stakeholders in West Africa.”

Nigeria Energy, the largest gathering of energy trade professionals in West Africa, provided an exceptional networking hub for manufacturers, distributors, procurement professionals, dealers, and regulators and a platform to drive the discourse on key challenges affecting the Energy industry and proffer sustainable solutions.

Through the exhibitions & conferences, Nigeria Energy attracted professionals, policymakers, and service providers who value the power of knowledge-sharing, networking, and business for the end goal of transforming Nigeria’s Energy sector.

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.

General

Lolu Akinwunmi, Iquo Ukoh to Co-chair 2026 CMO Circle

Published

on

2026 CMO Circle

By Modupe Gbadeyanka

The duo of Lolu Akinwunmi and Iquo Ukoh will co-chair the 2026 Chief Marketing Officers Circle (CMO Circle), slated for June 5, 2026, with the theme The C-Suite Mandate: Talent Density and Marketing Leadership.

The invitation-only forum for CMOs and senior marketing leaders will bring together the most influential voices in marketing to shape strategy at the highest levels of business and public policy.

As Co-Chairs, Akinwunmi and Ukoh will curate and lead high-level discussions focused on innovation, talent density, enterprise growth, and the expanding mandate of the CMO within the C-suite. Their stewardship reinforces the Circle’s role as a convening authority—one that not only reflects industry thinking but actively defines it.

Akinwunmi, Group CEO of Prima Garnet (Ogilvy Nigeria), brings decades of experience advising leading national and multinational brands, alongside a distinguished record of industry leadership.

Ukoh, Chief Executive Officer of Entod Marketing and former Director of Marketing Services at Nestlé Nigeria, is widely regarded for her leadership in brand strategy, consumer engagement, and cultural storytelling.

Convened by MarkHack in partnership with StatiSense and Brand Communicator, the CMO Circle operates at the intersection of enterprise leadership and national development. Beyond dialogue, the Circle institutionalises its influence through the quarterly CMO Index. This flagship publication aggregates executive sentiment, market intelligence, and forward-looking insights to inform policy conversations and economic decision-making. In doing so, the Circle positions marketing leadership as a critical voice in shaping Nigeria’s business environment and policy direction.

“The CMO Circle is intentionally designed as a premium, outcomes-driven platform—one that moves marketing leadership beyond the boardroom into the sphere of policy influence.

“With Iquo Ukoh and Lolu Akinwunmi as Co-Chairs, we are setting a clear tone of authority, depth, and relevance. Through the CMO Index and our quarterly convenings, the Circle will play a defining role in shaping both industry direction and policy dialogue,” the convener of CMO Circle, Mr Victor ’Gbenga Afolabi, stated.

Continue Reading

General

Court Grants El-Rufai N100m Bail in DSS Case 

Published

on

nasir el-rufai icpc

By Adedapo Adesanya

Justice Joyce Abdulmalik of the Federal High Court in Abuja has granted bail to former Kaduna State Governor, Mr Nasir El-Rufai, in the sum of N100 million with one surety in like sum.

Delivering the ruling, Justice Abdulmalik imposed a series of stringent conditions that the defendant must meet before perfecting the bail.

The court held that the proposed surety must reside in either the Maitama or Asokoro districts of Abuja and must deposit the original Certificate of Occupancy (C-of-O) of a landed property at the court registry.

The surety is also required to be a federal civil servant not below Grade Level 17 and must provide evidence of salary payments for at least three months, authenticated by a letter from the manager of a bank within the jurisdiction of the court.

The court further ordered the surety to depose to an affidavit of means, enter into a bail bond, and submit a recent passport photograph to the court registry.

As part of the bail conditions, Mr El-Rufai is to deposit all valid international passports with the court registry.

The court also directed that a verification letter from the surety’s immediate department be submitted, alongside a tax clearance certificate covering the last six months.

Justice Abdulmalik further ordered the defendant to report to the headquarters of the Department of State Services every last Friday of the month by 10 a.m. to sign an attendance register pending the determination of the case.

The judge warned that failure to comply with the conditions would lead to an automatic revocation of the bail.

The court additionally directed the defendant to submit a letter of attestation from the Chairman of the Kaduna Traditional Council.

This comes a month after a Kaduna Court granted bail to the former Minister in a corruption case filed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over charges related to alleged corruption and abuse of office during his tenure in the North-Western state from 2015 to 2023.

He was alleged to have abused his office and to have intended to commit fraud and confer undue advantage, which were alleged against the opposition politician.

Continue Reading

General

PenCom Proposes Full Salary Pension for Retired Police Officers

Published

on

police retirees

By Adedapo Adesanya

The National Pension Commission (PenCom) has proposed a sweeping reform of retirement benefits for officers of the Nigeria Police Force under the Contributory Pension Scheme (CPS), including lifetime monthly pensions equivalent to 100 per cent of their final salary and a gratuity of 200 per cent of their annual emoluments upon retirement.

According to the Leadership newspaper, the measure is part of federal government efforts to address persistent agitation from retired police personnel who say CPS payouts are inadequate.

The reform will see retired police officers receive a monthly pension equivalent to 100 per cent of their final salary for life and gratuity payments amounting to 200 per cent of annual emoluments, benefits that many officers have been clamouring for years.

According to the newspaper, retirees under the scheme have raised concerns over poor pension payouts, with some saying they receive as little as N30,000 to N80,000 monthly, while also lamenting the inadequacy of their lump-sum retirement benefits.

Some other recommendations include increasing active officers’ monthly pension contribution for serving police officers from the current 10 to 20 per cent, while employee contributions will remain at 8 per cent.

The new arrangement, which includes a monthly pension equivalent to an officer’s last salary and increased gratuity benefits, is expected to strengthen financial security for retired personnel and boost the morale of officers still in active service.

The measure is expected to significantly improve Retirement Savings Account (RSA) balances, enhance pension payouts, and strengthen the long-term sustainability of the pension structure.

If approved by President Bola Tinubu, the augmentation plan for police personnel will reflect the government’s recognition of the police’s critical role in maintaining national security and public order, as well as the need to ensure officers’ dignity and stability after retirement.

Police pensioners who have been protesting against the CPS insisted that the scheme, which requires both employers and employees to contribute monthly into Retirement Savings Accounts (RSAs) managed by Pension Fund Administrators (PFAs), has worsened their welfare.

Continue Reading

Trending