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Siemens Extends Completion of Nigeria’s Electricity Project to 2030
By Adedapo Adesanya
German engineering company, Siemens, has said the completion of Nigeria’s electricity improvement scheme set for a 2025 target has been pushed forward to 2030.
The Nigerian government under former President Muhammadu Buhari and Siemens in 2019 signed the deal, and in 2020, the Federal Executive Council (FEC) approved the payment of N8.6 billion to the company.
A breakdown of the money shows that the sum of N6.9 billion (€15.21 million) as offshore and N1.7 billion onshore components represent Nigeria’s counterpart funding for the power deal with Siemens AG.
Speaking on the new development, Mr Oladayo Orolu, the Head of Business Development and Government Relations at Siemens Energy, said in an interview that the three-phase project was set back by delays in starting the first phase.
“When we conceptualized this project in 2018, our plan was within two years we should be done with phase one, but then Covid happened disrupting supply chains, which meant getting raw materials took longer than before,” he said.
He also lamented that the delay will lead to cost overruns. In 2020, phase one was projected to cost about €2 billion.
“Prices are not at the same level they used to be. Some raw material components costs have been doubled, some are still close to where they used to be, some are just marginally higher,” he said.
Mr Orolu expects electricity output to increase by an additional 2,000 megawatts at the completion of phase one by 2025.
“The objective of phase one is to do quick fix projects that will free up 2,000 megawatts, we currently have 5000, we are looking at taking that to 7,000,” he said.
The partnership with Siemens will revamp Nigeria’s existing network before expanding it until the country can produce and distribute 25,000 megawatts.
Currently, Nigeria has a capacity of more than 13,000 megawatts, of which a daily average of about 3,400 megawatts is dispatched to consumers. The country is not able to fully utilise its power network due to poor transmission and distribution networks.
According to the World Bank, Nigeria has the largest energy access deficit as of 2021, with 43 per cent (or 85 million Nigerians) of the country’s population without access to grid-connected electricity.
Nigeria’s electric power consumption per capita of 145KwH falls behind those of select peers, South Africa (4,198KwH) and Ghana (351KwH), as well as the average for lower middle-income countries of 811KwH.
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British Council Hosts Going Global Africa Conference in Abuja
The British Council, a UK-based organization dedicated to fostering cultural relations and educational opportunities, hosted the Going Global Africa Conference 2024.
The event, which took place from November 26 to 28 at the Transcorp Hilton Hotel in Abuja, was themed Building Sustainable and Relevant Tertiary Education Institutions and Systems in Africa.
It brought together policymakers, academics, industry leaders, and youth advocates to address critical issues in tertiary education across the continent.
At the opening session, which spotlighted youth aspirations and actionable strategies to bridge the gap between tertiary education and workforce demands, the Minister of Education, Mr Olatunji Alausa, unveiled the Nigerian Educational Sector Renewal initiative, a six-pillar agenda aimed at modernising the education system.
The session, titled The Future is Now: Realising the Vision of Africa’s Youth, was used by him to emphasised the importance of STEM and vocational training.
According to him, one of his takeaways from the opening plenary session is starting up student-led ventures, a good initiative the government would take on.
Throughout the three-day event, critical sessions explored the role of partnerships and innovation in strengthening tertiary education.
Another session titled Maximising Impact through Tertiary Education Partnerships, chaired by Prof. Sir Steve Smith, examined frameworks for sustainable education partnerships.
Also, at another session, Transitioning to the World of Work, led by Femi Taiwo, Founding Partner of F.I.T. Africa, delved into career-readiness strategies and the systems required to prepare graduates for industry demands.
Contributors such as Prof. Colin Riordan from the Association of Commonwealth Universities and Ms. Nadia Waggie from the University of Cape Town enriched these discussions with their expertise.
The conference also included a variety of focused sessions and panels, such as Learning Labs on technology integration, employability, and international research partnerships. Discussions highlighted access to education for marginalized groups, including women and persons with disabilities, with sessions such as Disability Inclusion in Tertiary Education led by Prof. Tracy Bhamra and featuring disability rights advocates.
Business Post reports that the conference coincided with the British Council’s 80th anniversary in Nigeria, celebrating decades of impactful partnerships in education.
“Hosting this conference in Sub-Saharan Africa underscores our commitment to fostering sustainable partnerships and innovation in education,” the Regional Director for Sub-Saharan Africa at the British Council, Lucy Pearson, remarked.
The event concluded with a renewed commitment to bridging the skills gap in Africa’s tertiary education.
The Acting Country Director for the council, Chilufya Besa, said, “By bringing together industry stakeholders, we have made significant progress in aligning education with workforce needs.”
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Thailand Gifts Nigeria 32-Tonne Rice Shipment to Tackle Food Crisis
By Adedapo Adesanya
Nigeria has received a 32-tonne shipment of rice from Thailand as part of foreign relief to tackle escalating hunger and food insecurity.
The shipment, the first of its kind in a decade, has arrived in Lagos, according to DUCAT, the logistics company that facilitated its delivery.
The rice from Thailand was exported following Nigeria’s decision to implement a tariff moratorium on wheat, corn, rice, and other food crops last year, DUCAT revealed.
Although the duty waiver was introduced, purchases have largely been cautious, driven by concerns about its potentially harmful impact on local producers.
“Nigeria has been working hard to find solutions to broaden and strengthen its food supply accessibility,” DUCAT Chief Executive Officer, Mr Adrian Beciri said in a statement.
Several months ago, Nigeria unveiled a set of measures to combat soaring food inflation, which is rising at its fastest rate in three decades.
According to the last inflation update, food inflation reached 39.93 per cent year-on-year in November from 39.16 per cent the previous month in October 2024, caused by price rises for staples such as rice, maize, bread, potatoes and cooking oil.
Inflation quickened sharply in the second half of 2023 after President Bola Tinubu devalued the Naira and cut petrol and electricity subsidies to try to lift economic growth and shore up public finances.
Inflation has still not let up as it remained at 34 per cent as of November.
Many of the policies have failed to materialise including a 180-day window to allow duty-free imports of wheat, corn, and other critical food crops— a move promised would crash food prices.
A survey of market prices by Business Post indicates that food prices remained elevated during the last Christmas period.
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JUST IN: Lagos Assembly Lawmakers Impeach Obasa as Speaker
By Dipo Olowookere
The Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, has been impeached by members of the legislative arm of government.
Mr Obasa was removed from office on Monday after a motion for this was moved by one of the lawmakers.
The Assembly has now elected Ms Mojisola Meranda, a member representing Apapa I Constituency, as the new Speaker.
This action is coming amid allegations of fraud against Mr Obasa, who is from the Agege constituency.
It has been speculated that Mr Obasa got into political trouble because of his alleged interest in the governorship position in 2027.
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