General
PDP Deputy Governorship Candidate Funke Akindele Vows to Liberate Lagos
By Adedapo Adesanya
Popular Nigerian actor, Funke Akindele, otherwise known as Jenifa, after emerging as the Lagos State governorship candidate of the Peoples Democratic Party (PDP) in the 2023 general elections, has promised to liberate Lagosians.
Ms Akindele will be flying the ticket of the opposition party with the governorship candidate, Mr Abdul-Azeez Olajide Adediran, otherwise known as Jandor. They will hope to unseat the candidate of the ruling All Progressives Congress (APC) in the state, Governor Babajide Sanwo-Olu.
In a statement via her Twitter, she said, “Dear Lagosians, I must share my decision to venture into a more significant facet of humanitarian service with you all.
“Through God’s grace, my 25-year career in the entertainment sector has seen much success and given me the privilege to engage with people from all walks of life.
“It was also within that period, that my passion for contributing to the growth of youth, women and children was solidified. Coupled with an upbringing dedicated to service to others and value for life, compassion for others is second nature to me.
“As a Lagosian born out of Ikorodu, when asked to join Dr Abdul-Azeez Olajide Adediran (JANDOR) as his running mate for next year’s gubernatorial elections– the opportunity to help liberate and improve the welfare of our people could not be ignored.
“I found JANDOR to be young, brave, knowledgeable and compassionate. Most importantly, his commitment to making the wealth of Lagos truly reflect in the living standards of all her residents is genuine & remarkable.
“My decision is not only to accept this huge responsibility but to work tirelessly and complement JANDOR’s burning desire to see our dear state of Lagos live up to its full potential, where the people are made the top priority as immediate and direct beneficiaries.
“I use this opportunity to appeal to the well-meaning residents of Lagos, especially the youth: There is strength in numbers, and we must use this to our advantage. It is time to take our rightful people in matters that concern our lives and our future.
“Over the years, a great number of men and women with immense potential have been ignored, victimized, and sometimes killed, for daring to dream. Nothing can justify why our beloved city can be ranked the 2nd worst to live in globally, despite our N45bn in monthly revenue.
“This is the time to change our story and our lives. I am greatly aware of the cost of this assignment and prepared to make the personal sacrifice of putting my career on hold, to serve. My resolve is that no sacrifice is too much for the good of our people and state.
“As a woman, I strongly desire a state that values her women, protects the girl child and has zero-tolerance for abuse in any form. A state where your religion, age or tribe is a non-factor in having a fair chance of living your dreams.
“I must express my deep appreciation, both to our party leadership and our gubernatorial candidate for considering me worthy of such a great call to serve our people.
“I do not take this responsibility for granted. (Alt. I must express my deep appreciation, both to our party leadership and our gubernatorial candidate for considering me worthy of such a great call to serve our people. It is a call I take with reverence and utmost responsibility.)
“Given your mandate, be assured that the people’s governor, Dr Olajide Adediran with the support of my humble self, represents the much-needed breath of fresh air in Lagos State. Indeed we can achieve a Lagos that works for all. Let’s do this.”
By Dipo Olowookere
A $15 million debt facility has been obtained by Watt Renewable Corporation from the AfriGreen Debt Impact Fund to finance hybrid solar power plants to be built and operated by the former, especially in Nigeria.
WATT intends to use the projects to serve commercial and industrial clients in Nigeria, particularly in the telecommunication and financial services sectors.
By integrating solar hybrid solutions, the firm aims to significantly reduce diesel consumption and CO2 emissions, enabling its clients to achieve substantial energy cost savings while promoting environmental sustainability.
As a pioneer in renewable energy solutions, WATT continues to drive innovation in Nigeria’s energy sector.
The company’s robust roll-out plan includes deploying hundreds of hybrid solar power sites nationwide to meet the growing energy demands of commercial & industrial clients.
This strategic expansion aligns with WATT’s vision to revolutionize energy access across Africa, enabling sustainable development and reducing reliance on fossil fuels.
The funds from AfriGreen provide the critical capital needed to accelerate WATT’s ambitious projects, strengthening its market position and empowering businesses with reliable and affordable energy solutions.
Business Post gathered that to mitigate the currency risk for WATT in the event of devaluation of the Nigerian Naira, AfriGreen is offering a local currency facility that matches the payment structure of the power purchase agreements.
“We are thrilled to partner with AFRIGREEN on this transformative journey to expand reliable and sustainable energy solutions across Africa.
“With this support, it enables us to accelerate our shared mission of providing hybrid solar power to businesses, reducing carbon emissions, and supporting economic growth while enhancing energy security for our clients,” the Managing Director of WATT, Mr Oluwole Eweje, said.
“We are delighted to support WATT in rolling out hundreds of hybrid sites across the country.
“This represents another key transaction for AFRIGREEN in Nigeria. The combination of high energy prices, good solar irradiation, and strong demand from industrial and commercial energy users makes this market particularly attractive for companies like WATT.
“By leveraging these favourable market conditions alongside WATT’s exceptional operational performance and a well-structured financing solution, we are setting the stage for a strong and lasting business partnership,” the Managing Director of AfriGreen, Mr Alexandre Gilles, stated.
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied issuing a directive that gas supply to power generating companies (GenCos) be halted.
In a statement on Wednesday, the authority also denied instructing wholesale gas suppliers to stop further supply of gas to companies due to failure in payment obligations.
The NMDPRA described reports stating that it has directed the stoppage of gas supply to GenCos over N2 trillion debt as “false and completely unfounded”.
“It has absolutely no bearing on the information shared at a recent stakeholders’ engagement held in Lagos between the Authority, the OPTS, IPPG and other stakeholders in the oil and gas industry,” the NMDPRA said.
“The purpose of the engagement was to sensitise stakeholders on the requirements, opportunities and benefits associated with the implementation of the wholesale supply license as provided by sections 142 and 197 of the Petroleum Industry Act (PIA) 2021.
“It was a follow-up to an earlier stakeholder engagement held at the NMDPRA corporate headquarters in Abuja on November 27, 2024.
“The Authority wishes to reassure all our stakeholders and indeed the general public that at no time was the false statement made at that event and anywhere else, and are advised to completely disregard the publication as every effort is being made to ensure that the supply and distribution of natural gas and petroleum products to end users is seamless and unabated as we head into the festive season and indeed all through the coming year 2025.”
Recall that Nigeria’s national grid experienced another collapse on Wednesday, the 11th time in 2024 as Gencos couldn’t generate enough power, compounding issues facing the Nigerian power sector.
This was the first time in over a month as the last time the nation witnessed a nationwide shutdown 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.
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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