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Yusuff Lists Key Ingredients to Achieve Green Electrification Goals in Nigeria

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Wale Yusuff Wärtsilä in Nigeria Green Electrification Goals Decarbonising Nigeria

By Aduragbemi Omiyale

The Managing Director of Wärtsilä in Nigeria, Mr Wale Yusuff, has listed some ingredients Nigeria needs to gather to achieve green electrification goals without breaking the bank.

Speaking recently at the 2023 Energy Transition Forum, the energy expert noted that contrary to the general belief, wind and solar are by far the cheapest sources of new electricity available, emphasising that their massive deployment is what will significantly bring the overall system costs down.

According to him, the adoption of cleaner energy sources by the government, households and businesses will lead the country to the path of decarbonisation.

He argued that grid flexibility is going to be the true cornerstone of Nigeria’s decarbonisation efforts, noting that with smart planning, strategy, transparent government regulations, and the use of technology, the lowest cost of electricity can be delivered to the people.

“Flexibility in the grid comes from balancing power technologies, namely energy storage and engine power plants, which help avoid unnecessary stress in the power system,” he posited.

Speaking further, Mr Yusuff pointed out that, “A lot of Nigerians still think that a renewable energy-based power system is expensive and unreliable, but it doesn’t have to be.

“On the contrary, I am confident we can reach universal and reliable access to low-cost clean power provided we don’t lose sight of the big picture strategy and develop the power system in logical steps.

“All the technologies needed for a net zero power system in Nigeria are already a reality: renewables, energy storage, balancing power plants, and sustainable fuels such as green hydrogen, ammonia, and methanol. These are the key ingredients needed to achieve our green electrification goals.”

He also disclosed that to meet the explosive growth of Nigeria’s electricity demand, the country’s power infrastructure must also be quickly expanded and modernised, both in terms of generation and transmission.

“Bridging our infrastructure gap will require the union of different market forces: financing institutions both multilateral and local, government planning and private capital involvement,” he submitted.

Ultimate fuel flexibility

Last year, Wärtsilä released a report which provides a detailed and realistic roadmap showing how Nigeria should proceed to build a 100 per cent renewable energy power system by 2060.

The report shows that Nigeria has everything it needs to successfully accomplish its electrification goals. It benefits from fantastic solar energy resources, but it also has significant, and largely untapped gas resources.

Gas is a key transitional energy source that is set to play an important role in the country’s electrification. That’s why the gas infrastructure must also be rapidly ramped up. Cheap domestic gas is necessary to fuel the flexible engine power plants we need to balance a renewable grid in the short and medium term.

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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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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Court Convicts Igboezue Emeka for Non-declaration of $40,000

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Igboezue Emeka Convict

By Modupe Gbadeyanka

One Mr Igboezue Emeka has been convicted ​and sentenced to one month imprisonment for money laundering by Justice A.O. Owoeye of the Federal High Court in Ikoyi, Lagos.

He was asked to spend one month in jail from the day of his arrest, Wednesday, February 12, 2025, in a judgment delivered on Friday, April 4, 2025.

He was brought before Justice Owoeye by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) for a false currency declaration to the tune of $40,000.

It was gathered that the convict was arrested on February 12 at the Murtala Muhammed International Airport, Ikeja, Lagos, by operatives of the Nigeria Customs Service (NCS) for non-declaration of $40,000.

The NCS had, on the same day, handed him over to the anti-money laundering agency for further investigations and prosecution.

Consequently, he was arraigned on Friday on a one-count charge bordering on money laundering, which he pleaded guilty to when it was read to him.

“That you, Igboezue Emeka, on or about the 12th day of February, 2025, at Murtala Muhammed International Airport, Lagos, within the Lagos Judicial Division of the Federal High Court of Nigeria, failed to make a declaration of the sum of $40,000 to the Nigerian Customs Service and thereby committed an offence contrary to the provisions of Section 3(3) of the Money Laundering Act, No. 14 of 2022 and punishable under Section 3 (5) of the same Act,” the charge read.

After pleading guilty to the solitary charge, the prosecution counsel, Nnaemeka Omewa, called on an operative of the EFCC, Mr Michael Olayemi, to review the facts of the case.

Mr Olayemi, while narrating to the court about the events that led to the investigation of the defendant, said, “At 1.20 pm on February 12, 2025, we got an intelligence report from the Nigerian Customs Service that it intercepted the defendant with the monetary exhibit of the sum of $40,000.

“Upon this, I detailed that one of my team leads, Lanre Michael, who I supervise, would go and pick the individual and the exhibit from the Nigeria Customs at Murtala Mohammed Airport.”

Continuing, he said: “At about 4 pm, he reported with the defendant, the monetary exhibit and the defendant’s international passport. The defendant was in possession of two phones, which he used to call his lawyer and relatives.

“In the presence of his relatives, he volunteered his statement under words of caution, where he admitted that he was travelling via Qatar Air to Seoul, the capital of South Korea.

“He also stated that he was accosted by Customs Officers, where he was asked if he had any currency on him to declare, to which he said No.

Mr Olaremi further told the court that, “The statement warranted me to invite the personnel of the Nigeria Customs Service, Ogar Sadin John.

“John, in his statement, said that when he accosted Igboezue, he claimed that he had no money. He, however, said he was sceptical.

“Upon searching him, he found the money hidden in one of his shoes in his hand luggage,” adding that the monetary exhibit was registered with the exhibit keeper, while the suspect was served with an administrative bail.

Omewa, thereafter, sought to tender the defendant’s statement and the monetary exhibit recovered from him.

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