General
Senate Probes FG’s Spending On North-east Crisis
By Ebitonye Akpodigha
The Senate on Tuesday set-up an adhoc committee to probe spendings by the Federal Government on the humanitarian crisis in the North-east in view of the allegation of massive diversion of relief materials meant for the Internally Displaced Persons (IDPs).
The Adhoc Committee chaired by Senator Shehu Sani from Kaduna State is also to hold a public hearing to unravel the funds already committed to ameliorating the plight of the IDPs, and how the fund is being expended by the agencies of government saddled with the responsibility. The Senators also resolved to donate N32.7million to be contributed by the 109 Senators in support of the IDPs in the area of welfare.
These and other resolutions of the Senate followed a motion titled “Mounting Humanitarian Crisis in the North-East sponsored by Senator Baba Kaka Bashir Garbai (Borno Central) and co-sponsored by 18 other senators.
Senator Garbai in his lead debate urged the Senate to note with grave concern the unfolding humanitarian crisis in the North Eastern part of the country which has continued to be of concern to the international community and the media.
He noted that according to UNICEF report, about 4.5million people are in dire need of assistance, while one million of the number were in danger of extreme malnutrition.
He lamented that about two million people are beyond the reach of aid and presently at the risk of starvation, thereby making Western diplomats to describe the response of the Federal Government to the crisis as a “disgrace.”
He urged his colleagues to note the disturbing development on the prevailing degrading condition in the various IDP camps, and added that “already we are losing so many of our children under five years to this extreme conditions in the affected areas.”
He stated that in spite of the earlier resolution of the Senate that raised the budget for the IDPs from N6billion to N10billion in recognition of the dire situation in the North East, the Presidential Initiative on the North East is yet to show tangible result on ground with half of the appropriated sum released.
“…Notwithstanding the huge budgetary allocation by the National Assembly, and the various releases by the executive…including significant donations from many donors, the situation on ground is not cheering,” he said.
He further called on the Red Chamber to be “worried that rather than use the money appropriated for the IDPs and the North East to ameliorate the problems, the focus of the disbursement so far made have been used to feather other interests.”
The Senator insisted that the “incoherent and largely fragmented state of procurement in the usage of the released funds so far points to a vague and corrupt scheme that is not in tune with helping our people in the North East out of their present harrowing experience and misery.”
He added: “the government has made concerted efforts at ameliorating the sufferings of the IDPs, some other people are working towards undermining same efforts; there are some allegations of diversion of 63 trucks of grains released from the strategic grain reserve allocated to IDPs in Borno State by the Federal Government.
“The gap in the state of affairs, where so much money has been made available by government with very little to show for it, has created and overburdened the cash strapped states and local governments in the affected states. Also, the intensity of the crisis was exemplified in August when IDPs took to the streets to obstruct vehicular movement and grounding business activities along the Maiduguri- Kano/Jos Road – the major road leading into Borno, to protest what they claimed was a shortage of food”, he stated.
Other Senators in their contributions to the debate on the motion, decried the pitiable plight of the IDPs and urged the Senate to stand up for the suffering, displaced persons.
Senate President, Mr Bukola Saraki, in his remarks, lauded the sponsors of the motion and those who made contributions during its debate. He described the revelations emanating from the handling of the humanitarian crisis as serious and portraying poor coordination, lack of transparency and slow response among those entrusted with the care of the IDPs.
“As a serious chamber, we cannot fold our arms and let these things continue to happen. This investigation, I believe, will give hope to the IDPs and the international community that the country is ready to do something to stop the diversion of aids and misapplication of appropriated funds meant for the upkeep of the IDPs,” Mr Saraki said.
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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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