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Obafemi Awolowo Foundation to Honour AfDB President Today

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akinwumi adesina AfDB President

By Enyi Ejike-Umunnabuike and Maryam Nwachukwu

Dr Akinwumi Ayode Adesina, the current President and Chairman of the Council of the 20-member Board of the African Development Bank (AfDB) is an urbane man of all seasons. He is an intellectually over-achieving personality, with a high affinity for creativity, uncommon value-addition, skilled corporate governance competencies, a rounded knowledge base, experience, brilliance and intelligence.

Before 2015, he was Nigeria’s Minister of Agriculture and Rural Development.

During his period of development administrative stewardship, under President Goodluck Ebele Jonathan’s administration, Adesina left a highly enthralling scorecard as a political appointee of government, who was able the manage the positive gains of the electoral successes of that administration, achieving lots of feats, amidst very compelling and challenging circumstances.

Perhaps, the successes and lasting impressions that he left behind as Nigeria’s Minister provided a very unbiased career-premised evaluative template that found him worthy of selection and eventual endorsement as the most competent of all the candidates that vied for the exalted position.

This well-cultured, disciplined humble balanced personality will on March 6, 2024 (today), be honoured by the Obafemi Awolowo Foundation at the Lagos Continental Hotel with the prestigious Obafemi Awolowo Prize for Leadership.

As a tie-back to history, it will be recalled that the Obafemi Awolowo Prize for Leadership was first announced in December 2012, with the official award ceremony held on March 6, 2013.

Before Dr Adesina was announced as its fourth recipient, three other distinguished personalities had been conferred with the same award.

These include the Noble Laureate, Prof. Wole Soyinka; former South African President, Dr Thabo Mbeki; and the founder of the Afe Babalola University, Aare Afe Babalola.

A very significant aspect of this event is that it also coincides with the birth anniversary of the late foremost nationalist and statesman in whose memory the award was instituted.

The award is an initiative of the Obafemi Awolowo Foundation, set up in April 1992, to serve as the custodian of Chief Awolowo’s intellectual property and leadership legacy values and norms.

Established as an independent, non-profit, non-partisan organisation dedicated to immortalizing the democratic and development-oriented ideals of Awolowo, the organizers of the event, say the award is a “prestigious, biennial, international prize structured to follow a rigorous process of nomination and subsequent screening by a Selection Committee consisting of some of the most outstanding Nigerians”.

They further said that the prize serves as a strong motivational incentive for persons to pursue excellence in leadership and good governance. The award confers considerable honour and recognition to the recipient.

Speaking on the selection process which led to the choice of Adesina as the 2023 recipient, the foundation spokesperson Mrs Tokunbo Awolowo-Dosunmu, said the call for nomination for the award was published for several months in 2023 and at the close of entries, many nominations of eminent persons were received, with Dr Adesina emerging as a unanimous candidate for the 2023 award.

Expressing his delight about the award and being in the company of previous eminent recipients, Dr Adesina, who has a Five Point Blueprint for repositioning the AfDB, said, “I am delighted to have been selected as a recipient of the prestigious Obafemi Awolowo Prize for Leadership.

“Joining Nobel Prize laureate, Prof. Wole Soyinka and former President of South Africa, Thabo Mbeki, as well as Aree Afe Babalola as prior winners of the prize is such a great honour,” he said.

Adesina, who simply describes himself as a ‘Kenyan, is the eighth elected President of the AfDB and the first Nigerian to be so elected to the position, having been elected on May 28, 2015, for the first time by the bank’s Board of Governors at its Annual Meetings held in Abidjan, Côte d’Ivoire.

He was re-elected for a second term in 2020 following an excellent performance acknowledged by supporters and critics alike.

The agenda of Adesina’s presidency at the AfDB with the ambition to Feed Africa, Light Up Africa, Industrialise Africa, Integrate Africa and Improve the Quality of Life in Africa, was particularly lauded by the organisers as capable of putting the development of the continent directly in the hands of its people.

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Power Outage in Nigeria as National Grid Collapses

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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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NLNG to Replace Vessels in Move Towards Decarbonisation, Sustainability

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By Adedapo Adesanya

The Nigerian LNG Limited (NLNG), which produces Nigeria’s Liquified Natural Gas (LNG) and natural gas liquids (NGLs) for export, is planning to replace all its vessels with modern ships within the next decade.

This was disclosed by Mr Nnamdi Anowi, the General Manager of Production, NLNG, during the World Leaders’ Panel session on Tuesday in Berlin, Germany, as part of the 2024 World LNG Summit and Awards.

Speaking at the event themed “Achieving the Balance Between Energy Security and Decarbonisation,” he said the company which was incorporated in 1989 was making plans to boost its vessels to ensure proper transportation of gas for export.

“We are making significant strides in our shipping operations. Over the next 10 years, we aim to transition from our current steam-powered vessels to modern ships.

“Earlier this year, we took a major step by entering into a long-term chapter of our first modern ship Aktoras, and we are already planning to acquire a second ship next year,” he said.

On the critical issue of net zero emissions, Mr Anowi said that NLNG aspires to achieve net zero emissions by 2040.

According to him, this goal is attainable through implementing a combination of solutions that include operational efficiency, natural sinks/offset projects, carbon capture and storage (CCS), net zero expansion, digital solutions and shipping efficiency.

“Our pathway to net zero aligns with Nigeria’s target of reaching net zero by 2060, while many major players in the industry are aiming for 2050.

“We are actively expanding our initiatives in this area, including several low-carbon projects,” he explained.

Regarding Liquefied Petroleum Gas (LPG), Anowi noted that the company had committed 100 per cent of its LPG production (propane and butane) to the Nigerian market.

He pointed out the urgent need for cleaner energy, citing a report that revealed that not less than 100,000 Nigerians died yearly from smoke inhalation caused by cooking with firewood, predominantly affecting women and children.

“This underscores our commitment to sustainability. It’s important to recognise that about 80 per cent of Africans lack access to cleaner energy.

“When discussing sustainability, we can not overlook the necessity of providing energy to these communities,” he added.

He further elaborated on NLNG’s strategy, stating, “Our objective at Nigeria LNG is to maintain safety, enhance capacity, foster growth, and future-proof our business.

“The recent transformation programme includes a rebranding initiative, evidenced by the unveiling of a new logo and the company’s renewed purpose: providing energy for life’s sustainability.

Mr Anowi also noted that NLNG was working diligently to improve its production capacity from 23 million tons to 30 million tons through its Train 7 Project.

“We are actively engaging with stakeholders and the government to ensure our LNG trains are filled by the end of next year,” he said.

On sustainability, Mr Anowi explained that 75 per cent of NLNG’s emissions result from its operations, with the remaining 25 per cent coming from its shipping activities.

He emphasised the importance of measurement, reduction, avoidance and mitigation strategies in their sustainability efforts.

He said that the company was also exploring CCS opportunities through partnerships with the government and other international oil companies.

“We are in the early stages of CCS implementation, assessing potential reservoirs for this purpose,” he said.

In terms of renewable energy, Anowi said that NLNG was investigating solar power projects at its offices in Abuja and Port Harcourt as part of its broader sustainability initiatives.

“We are committed to abatement efforts and are collaborating with experienced private companies to explore carbon credit opportunities.

“We must balance sustainability with affordability and reliability in energy supply.

“The African region must progress at its own pace, prioritising immediate energy needs before addressing long-term sustainability goals,” he explained.

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National Grid, Mr Ibu Among Top Trending Searches by Nigerians in 2024

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By Dipo Olowookere

Many events happened in 2024 in Nigeria but a few shook the nation because of their impact on residents of the country.

According to a report released by Google, the incessant collapse of the national grip, which plunged the nation into darkness, was among trending searches on its platform.

In the report made available to Business Post on Tuesday, the tech giant said this year’s results show a continued interest in the political and economic landscape, with searches related to the US elections, the new national anthem.

“The 2024 Year in Search offers a unique lens into the questions, interests, and conversations that shaped the lives of Nigerians this year.

“From cultural milestones to pressing concerns, these insights reflect how Search continues to be a valuable tool for users to navigate and better understand their world,” the Communications and Public Affairs Manager for Google West Africa, Taiwo Kola-Ogunlade, stated.

Google’s 2024 Year in Search for Nigeria showcased the most popular searches, notable individuals, actors, musicians, topics, questions, and other subjects that captured Nigerians’ attention in the year.

Google’s Year in Search is an annual analysis that reveals the top trending lists and also spotlights what the world searches to see, learn, and do.

The music scene in 2024 was marked by a surge in popularity for artists like Shallipopi and Khaid, who also featured prominently in the overall personalities list. The top trending song was “”I Don’t Care” by Boy Spyce”, followed closely by “Ozeba” and “Commas” by Ayra”. Nigerians also showed a keen interest in understanding the lyrics of various songs, with “Ogechi lyrics”, “Ozeba lyrics”, and “Omemma by Chandler Moore lyrics” leading the searches in the lyrics category.

This year, Nigerians continued to demonstrate a strong interest in entertainment with movies like “A Tribe Called Judah”, “Treasure In The Sky”, and “Damsel” topping the movie charts. The top TV series that captured the interest of Nigerian netizens included “Supacell”, “My Demon”, and “Queen of Tears”. In the culinary world, Nigerians explored diverse recipes with “Pornstar Martini recipe” leading the searches.

Concerns about personal well-being and global events were also reflected in search trends. Questions like “How much is dollar to naira today?”, “How to get perfectly defined curls for African hair?”, and “Who won the US presidential election?” topped the list of queries. Nigerians were curious about the meaning of words like “demure,” “steeze,” and “pet peeves,” turning to Search for answers.

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