General
Sahara Foundation Promotes Environmental Sustainability in Lagos
By Modupe Gbadeyanka
Sahara Foundation has taken a significant step to promote environmental sustainability and encourage the adoption of recycling as a socio-cultural practice to drive desired behavioural change in waste management in Lagos State.
The organisation made this move in partnership with the Lagos State Employment Trust Fund (LSETF) and Wecyclers, a social enterprise with expertise in recycling.
The idea is to experiment with this project, a series of recycling exchange hubs, in 12 of the 20 local government areas of the state.
In line with the Sustainable Development Goals (SDG) 11 and 17, which speak to Sustainable Cities and Communities, and Partnerships for the Goals, this tripartite partnership will help promote a sustainable Lagos, create job opportunities, empower host communities, strengthen the economy, increase access to healthcare and improve lives and livelihoods across the state.
Speaking on the partnership, the Director of Sustainability and Governance at Sahara Group, Ms Ejiro Gray, said, “At Sahara foundation, one of our key pillars is supporting and promoting sustainable societies.
“With this partnership, we are helping to create viable communities across the state by fostering a sustainable and circular economy through recycling.”
Ms Gray further stated that the rollout of these recycling exchange hubs would help educate people about the benefits of recycling, significantly impact lives and livelihoods in the host communities, and provide members of the communities with the opportunity to capture value from their waste through incentive-based recycling, commending the partners for their commitment to promoting sustainability and supporting a green Lagos.
Also speaking at the event, the Executive Secretary of LSETF, Ms Teju Abisoye, said, “The partnership is strategic to scale waste to wealth creation in Lagos State.”
She added that the project is dear to LSETF as it is the first primary project of the Fund in the green energy space and a start to creating a million jobs that are guaranteed to promote a sustainable Lagos for many.
Ms Abisoye stated that LSETF is fully committed to empowering Lagos residents, and establishing these recycling exchange hubs will help provide economic opportunities for the host communities.
Also addressing guests at the event, the Chief Operating Officer of Wecyclers, Ms Oluwayemisi Lawal, said, “This partnership with Sahara Foundation and LSETF is a big leap in our effort to promote sustainable environments in Nigeria.”
Ms Lawal added that she is very positive about the impact this would have in the state and thanked both Sahara Foundation and LSETF for trusting Wecyclers to implement the project.
Sahara Foundation, the corporate social responsibility vehicle for leading energy and infrastructure conglomerate, Sahara Group, is committed to improving lives and livelihoods across Africa.
The organisation continues to support projects and invest in partnerships that will help build sustainable societies and promote widespread development across Sahara Group’s host communities.
By Adedapo Adesanya
The United Kingdom–Nigeria Infrastructure Advisory Facility (UKNIAF), established in 2019 as part of a 16-year legacy of UK-funded infrastructure support to Nigeria, convened over 100 senior stakeholders on Tuesday, December 2, to review its progress and formally close out its current phase of operations.
The event brought together representatives from federal and state governments, development partners, development finance institutions, and the private sector to reflect on UKNIAF’s work across the power, infrastructure finance, and roads sectors. Discussions focused on institutional reforms, capacity development, and the sustainability of tools and processes introduced over the past six years.
Since inception, UKNIAF has delivered targeted technical assistance designed to embed evidence-based reforms, data-driven decision-making, and improved institutional performance. Its interventions have mobilised significant financing, strengthened regulatory and planning systems, and enhanced investor readiness across multiple infrastructure markets.
In the power sector, participants highlighted landmark achievements including the development of Nigeria’s first Integrated Resource Plan, which outlines a least-cost and low-carbon pathway for expanding electricity supply. UKNIAF also supported the Nigerian Electricity Regulatory Commission (NERC) in building advanced real-time data capabilities for tariff monitoring, grid management, and outage tracking. The programme enabled pioneering states to establish their own electricity markets following constitutional reforms.
In infrastructure finance, UKNIAF was recognised for strengthening project preparation systems and enabling access to capital. Notable accomplishments include supporting the mobilisation of $75 million from the African Development Bank to the Special Agro-Industrial Processing Zone (SAPZ) programme in two states, and accelerating mini-grid and solar deployment through improved technical standards at the Rural Electrification Agency (REA).
UKNIAF also designed a national project preparation facility, for which N21 billion was allocated in both the 2024 and 2025 budgets to build a pipeline of bankable projects.
Speaking on this, Mr Frank Edozie, UKNIAF Team Lead, described the programme’s close-out as a “handover for sustained delivery,” emphasising that strengthened institutions now hold tools that make Nigeria’s infrastructure landscape more transparent, climate-smart, and investor-ready.
On his part, the Minister of Power, Mr Adebayo Adelabu, commended the programme, noting that its technical assistance and advisory services had helped lay the foundation for a sustainable and inclusive electricity supply industry.
Mrs Cynthia Rowe, Head of Development Corporation at the UK Foreign, Commonwealth and Development Office (FCDO) in Nigeria, praised the partnership, highlighting achievements ranging from state-level electricity market reforms to unlocking major financing and designing Nigeria’s Climate Change Fund.
Enugu State Secretary to the State Government, Professor Chidiebere Onyia, underscored the lasting influence of the programme, stating that UKNIAF’s impact continues through the expertise and leadership transferred to national and sub-national institutions.
The close-out event reaffirmed stakeholders’ commitment to sustaining tools, reforms, and knowledge products developed under UKNIAF, while strengthening collaboration among public, private, and development actors in the infrastructure ecosystem.
Participants included federal and state agencies such as the Nigeria Governors’ Forum, Federal Ministry of Power, Ministry of Finance, NERC, REA, and the Transmission Company of Nigeria, alongside development partners including the African Development Bank, World Bank, and IFC, as well as private sector and civil society stakeholders.
By Aduragbemi Omiyale
The gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, has been slashed by the Dangote Petroleum Refinery.
The Lagos-based oil facility brought down the ex-depot price of the petroleum product by 15.58 per cent or N129 per litre to N828 per litre.
Though the company had yet to release an official statement on this development, real-time market data on Petroleumprice.ng on Friday showed the new price.
Punch reports that data from the platform also showed fresh reductions across several private depots following the refinery’s latest review.
Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic dropped its price by N3, and TechnoOil slashed its by N15.
By Adedapo Adesanya
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has inaugurated a new board for the Agricultural Credit Guarantee Scheme Fund (ACGSF) with a renewed push to expand agricultural lending through technology, innovation and deeper financial inclusion.
Speaking at the inauguration in Abuja, Mr Cardoso said the scheme, established in 1977, remains a critical instrument for de-risking credit to farmers nationwide.
“The ACGSF has demonstrated enormous value in supporting Nigeria’s food system. With repayment rates consistently between 90 and 98 percent, it is clear that farmers can deliver when given access to credit,” he said.
The CBN Governor stressed the need for a more modernised approach to agricultural finance.
“We must scale up innovation, deepen inclusion and deploy technology to ensure that more farmers, especially women and youth, can benefit from this scheme,” Mr Cardoso stated, charging the new board to strengthen collaboration with financial institutions while ensuring real-time tracking and monitoring of loans to improve productivity and safeguard the fund’s integrity.
The newly inaugurated Board is chaired by Dr Olusegun Oshin, with members including Professor Murtala Sabo Sagagi, Dr Nneka Onyeali-Ikpe, Mr Frank Satumari Kudla, Ms Olusola Sowemimo, Ms Adetoun Abbi-Olaniyan and Mr Wondi Philip Ndanusa.
Mr Cardoso expressed confidence in the team’s ability to reposition agricultural credit delivery.
“This Board comes at a crucial time. We expect stronger oversight, improved efficiency and a renewed focus on rural livelihoods,” he said.
According to a statement from the apex bank, Deputy Governors, Directors and senior officials of the bank were present at the ceremony.
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