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Osinbajo, Others For 2016 NESH In Lagos

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2016-nesh

By Modupe Gbadeyanka

On October 6, 2016, all roads will lead to Oriental Hotel in Lagos for the inaugural Nigeria and Entrepreneurship Summit & Honours (NESH).

Leading lights of Nigerian entrepreneurship and the public sector will converge at the place for the heroic occasion.

One of the important personalities expected at the ceremony include Grand Patron of NESH, Prof. Yemi Osibanjo (SAN), who is the Vice-President of Nigeria and Chairman, National Economic Council. He will be joined by a roster of other high-level speakers from the corporate, business and government worlds.

The theme of the Summit is ‘Celebrating Entrepreneurship.’

Speaking on the event, founder of NESH, Mr Emeka Ugwu-Oju, said that, “Our goal for NESH is to establish it as the leading annual national platform that celebrates entrepreneurship and provides engagement between entrepreneurs, the larger organized private sector and the key economic, trade and public finance arms of Federal and State Governments in Nigeria.”

NESH will be preceded by a special stand-alone Summit and Honours packaged exclusively for Young Entrepreneurs named NESH-NXT, which will take place on October 5, 2016, a day before the main event.

Wife of the Vice President, Mrs Dolapo Osinbajo, will be the Special Guest of Honour at NESH-NXT.

Some of the NESH-NXT attendees will also participate in the NESH to gain further insight and network with more experienced Entrepreneurs.

NESH will hold annually and will provide an avenue for thought leadership and engagement, knowledge exchange, networking, benchmarking and appreciation of the contribution of entrepreneurs to national development.

It will offer not only a live hub but also build out an online platform for and about entrepreneurs, offering advice, case studies, news and analysis.

A key component of the NESH, is the NESH 100 which highlights the top 100 Nigerian entrepreneurs who have created significant impact and made a major difference in diverse sectors of the Nigerian economy such as Industry, Telecommunications, Agriculture, Information Technology, Oil & Gas etc. over the past 15 years.

The NESH 100 has been put together after deep analysis and consultation between the NESH Team and key partners such as the Enterprise Development Centre (EDC) of Pan Atlantic University and the Centre for Values in Leadership (CVL).

The NESH 100 will be honoured at an exclusive Gala and Awards Night that will close the NESH. The NESH Gala and Awards will also honour those State Governments that have made the most progress in providing an enabling environment for SMEs in their States.

“NESH aims to document the narratives of Nigerian pioneers, disruptors, industrialists and entrepreneurs. We believe strongly in the power of example and we hope to inspire millions of Nigerians on their own entrepreneurial journeys.”  Obi Asika, Co-Founder of NESH said.

Details of registration for NESH will be announced in due course and posted on the event website at www.nesh.com.ng

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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FG To Deliver 275,000 Electricity Meters In Next Two Months

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Prepaid Meters DisCos

By Adedapo Adesanya

The federal government has pledged to deliver the first batch of a promised three million electricity meters, amounting to 275,000 units, in the next two months.

The move is part of efforts to close the seven million metering gaps in the country, a statement signed by the Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Mr Adebayo Adelabu, Mr Bolaji Tunji, revealed

The Minister said 75,000 meters under the International Competitive Bid 1 are expected by April 2025 and the second batch of 200,000 meters will follow in May 2025.

“While challenges persist, the facts tell a more balanced story – one of sustained effort, financial commitment, and structured implementation plans by the Federal Government of Nigeria to close the metering gap”, the statement noted.

“Despite claims of stagnation, metering installations have been progressing steadily. As of December 2024, a total of 5,502,460 customers had been metered, representing about 55 per cent of the 10,114,060 active electricity customers in Nigeria.

“In 2024 alone, 572,050 meters were installed. While the government acknowledges the existing metering gap, it is actively working to close it as quickly as possible. However, the fact remains that a sizable portion of active electricity users already have meters, countering the exaggerated portrayal of an industry in crisis,” Mr Adelabu stated.

According to the statement, though installation rates have varied over the years, the sector has maintained a yearly average of about 668,000 meters of installation annually.

Structured financing and government-backed initiatives are expected to accelerate deployment beyond the current pace, ensuring that the metering gap is addressed efficiently, the minister added.

“To bridge this gap, the government has put in place key initiatives aimed at significantly improving metering across the country. The Distribution Sector Recovery Programme (DISREP) is set to deliver 3,205,101 meters by 2026.

“This will be achieved through different procurement models, including 1,437,501 meters through International Competitive Bid 1 (ICB1), 217,600 meters through National Competitive Bid (NCB), and 1,550,000 meters through International Competitive Bid 2 (ICB2).

“As part of this plan, the first batch of 75,000 meters under ICB1 is expected by April 2025, followed by the second batch of 200,000 meters in May 2025.

“In addition to the DISREP, the N700 billion Presidential Metering Initiative (PMI) is another key intervention designed to accelerate metering. The initiative, which has already secured N700 billion from the Federation Account Allocation Committee (FAAC), is structured to ensure large-scale meter procurement and deployment,” the minister added.

According to the power minister, a Special Purpose Vehicle (SPV) has been established to oversee the implementation of the initiative, with the government setting a target of deploying two million meters annually for five years, with the tender for the first batch of two million meters expected to be released by the third quarter of 2025.

These structured interventions, the minister explained, provide a clear roadmap for addressing the metering gap in an effective and sustainable manner.

According to the statement, further that while the metering gap remains a concern, the notion that it will take over a decade to resolve is misleading.

“With the ongoing DISREP and PMI initiatives, Nigeria’s metering landscape is set to experience significant improvement before the end of the year. The focus should be on the execution of these well-structured plans rather than a blanket critique that overlooks the real progress being made,” the minister added.

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NUPENG, PENGASSAN Resist External NNPC Appointments

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NUPENG

 By Adedapo Adesanya

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) of Nigerian National Petroleum Company (NNPC) Limited Group Executive Council (GEC) have expressed concerns over the recent filling of top management position with externally recruited personnel.

President Bola Tinubu last Tuesday sacked the entire 11-person board of the NNPC and replaced the chief executive, Mr Mele Kyari with a former Shell executive, Mr Bashir Bayo Ojulari.

Mr Ojulari previously served as Managing Director of Shell’s Nigeria deepwater exploration and production unit. He was most recently chief operating officer of Renaissance Africa Energy, the consortium that bought Shell’s Nigeria onshore division.

The new board will be led by Mr Ahmadu Musa Kida, a former Total executive.

On Friday, the NNPC announced the appointment of a new 8-man senior management team. The company said the appointments takes immediate effect.

In a letter, addressed to the NNPC Chief Human Resources Officer, NUPENG and PENGASSAN said they cannot accept or support the recruitment of senior and management staff from outside the company.

The letter, titled Filling of top management positions in NNPC Limited with externally recruited personnel is unacceptable to PENGASSAN and NUPENG GEC, was signed by GEC Secretary at PENGASSAN, Ms Amaoge Chukwudi; its chairman, Mr Solomon Orieji; and the GEC Secretary at NUPENG, Mr Paulosa Paulosa and its chairman, Mr Baba Kaumi.

The letter was also sent to the new Group Chief Executive Officer (GCEO), Executive Vice President (EVP) Business Services, of the state-oil company.

“We extend our warm congratulations to the newly appointed Group Chief Executive Officer (GCEO) and Board Members of NNPC Limited. We wish them success in their new roles and pray for excellence in their assignments.

“However, we must draw urgent attention to a matter of serious concern to avert avoidable consequences. Based on past experiences, we have observed a recurring trend whenever a new GCEO is appointed externally – the temptation to fill top management positions with external recruitment rather than promoting staff members from within NNPC Ltd.

“As a matter of caution, we must state clearly that we cannot accept, accommodate, or support the recruitment of senior and Management staff from outside NNPC Limited and that any plan in such direction be stopped immediately,” the letter reads.

It said NNPC Limited is home to thousands of experienced, competent, and dedicated Nigerian professionals across various fields.

They argued that these individuals, who include their members, have dedicated quality years to sustaining the legacies of the company and are eager to take on higher responsibilities.

“Denying them career advancement opportunities and overlooking them in favor of external recruitment is grossly unjust and wasteful, and it will also disrupt the company’s steady progress towards greater profitability and efficiency.

“We must therefore caution against any unjust action that undermines the career growth of deserving staff members of our company. If this warning is ignored, we cannot guarantee the continuation of industrial harmony within NNPC Limited.”

Therefore, they said the letter serves to put the management and the Board of NNPC Limited on notice that PENGASSAN and NUPENG categorically reject any recruitment or appointment of senior or management staff above the SS6 cadre (specifically within the SS5 to M2 cadre) from outside the organisation.

“Any attempt to do so will be met with strong resistance, including a total shutdown of operations. Please accept our assurances of continued support and regards,” the letter read.

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Former Oyo Governor Omololu Olunloyo Dies at 89

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Omololu Olunloyo

By Modupe Gbadeyanka

A former governor of Oyo State, Mr Victor Omololu Olunloyo, has died some days to his 90th birthday, precisely April 14, 2025.

He was said to have breathed his last in the early hours of Sunday after battling with old age-related ailments for the last few weeks.

In a statement signed on behalf of the family by Mr Oladapo Ogunwusi, it was stated that the deceased was a source of pride to his family and associates and serve the nation and humanity.

“With a heavy heart but gratitude to the Almighty, we announce the passing into glory of Dr Victor Omololu Olunloyo, former governor of Oyo State, mathematician and engineer and renowned technocrat, a few days before his 90th birthday.

“The Balogun of Oyo and Otun Bobasewa of Ife, Dr Olunloyo was first Rector, Ibadan polytechnic and first Rector, Kwara State Polytechnic among other notable appointments.

“His long record of service to the nation and humanity is a source of pride to his family and associates even as we come to grip with this devastating event.

“The Olunloyo family will appreciate the understanding of the press and the public as they commence efforts to give him a befitting burial.

“Even from everlasting to everlasting, He is God,” the statement read.

Business Post reports that Mr Olunloyo was the Governor of old Oyo State between October and December 1983.

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