General
Zanoplus Gets N3.2bn REA Funding for Solar Projects in Bauchi
By Adedapo Adesanya
The Rural Electrification Agency (REA) said it has successfully disbursed a fresh N3.2 billion to Zanoplus, to allow the company to deploy solar mini-grid projects across strategic locations in Bauchi State, as part of the agency’s commitment to decentralised energy solutions.
The company noted that this latest disbursement follows closely on the heels of a N7.4 billion disbursement to Ventura Logistics Services for a 7MW mini-grid initiative.
Both interventions were executed under the Distributed Access through Renewable Energy Scale-up (DARES) Programme, a transformative partnership designed to catalyse private-sector participation through support for indigenous financial institutions.
The funding mechanism is rooted in a landmark Memorandum of Understanding signed in February between the REA and Lotus Bank, which established a N100 billion revolving credit facility.
Under this framework, developers can access up to N8 billion in equipment procurement financing with a tenure of 18 months, alongside Lotus Bank, which provides up to 90 per cent counterpart funding for projects approved through result-based financing.
Zanoplus’ deployment is set to transform Bauchi State’s socio-economic landscape by delivering a combined capacity of over 1.2 MWp.
A breakdown showed the specific allocations include 450 kWp for Gabarin East, 400 kWp for Futuk, 200 kWp for Gangalawai, and 150 kWp for Daburai (Gabarin West). These systems operate as integrated local generation and distribution networks with capacities below 1MW, functioning independently of the national grid to provide reliable, clean energy directly to numerous end-users in isolated regions.
Reflecting on the progress of the DARES Programme, the managing director of the REA, Mr Abba Aliyu, emphasised that the true success of these disbursements lies in the efficiency and integrity of the process.
He noted that the speed and transparency of execution demonstrate the vibrancy of the local financing capacity currently being catalysed by the REA.
According to Mr Aliyu, this momentum demonstrates that a performance-based financing framework can effectively channel capital to credible, ready-to-implement projects that are strictly aligned with delivery milestones.
The REA chief further highlighted that this consistent flow of capital sends a powerful signal to the global and local investment community that the Nigerian renewable energy market is active and the underlying structures are working.
He lauded the proactive role of Nigerian financial institutions, which are increasingly transitioning from mere participants to primary drivers of renewable energy infrastructure.
By aligning performance with streamlined financing, the REA and its partners aim to unlock the necessary scale to achieve universal energy access across the federation.
General
Tinubu Leaves Nigeria Saturday for France, Kenya, Rwanda
By Modupe Gbadeyanka
President Bola Tinubu will on Saturday, May 2, 2026, leave Nigeria for a three-nation trip, a statement issued by his Special Adviser on Information and Strategy, Mr Bayo Onanuga, said.
In the notice issued on Friday night, it was disclosed that Mr Tinubu would visit France, after which he would depart for Nairobi, Kenya, to attend the Africa-France Summit scheduled to begin next week.
Co-chaired by President Emmanuel Macron of France and President William Ruto of Kenya, the summit focuses on energy transition, green industrialisation, digital transformation, restructuring of global financing architecture, and climate action.
President Tinubu’s participation at the summit from May 11 to May 12. will underscore Nigeria’s unwavering commitment to strengthening strategic partnerships with African nations and the French Republic.
The summit, with the theme Africa Forward: Africa-France Partnerships for Innovation and Growth, will provide a high-level platform for African leaders and their French counterparts to deliberate on critical issues affecting the continent, including economic transformation, climate resilience, infrastructure development, youth empowerment, technological advancement, and peace-building initiatives.
At the end of the Kenyan summit, President Tinubu will depart for Kigali, Rwanda, to attend the annual Africa CEO Forum, taking place between May 14 and 15.
With the theme Scale or Fail, this year’s Africa CEO Forum will be the largest gathering of African private sector leaders, investors, and policymakers, focusing on accelerating economic transformation through shared scale, regional integration, and increased cross-border investment.
Held in partnership with the International Finance Corporation (IFC), the summit brings together over 2,000 top executives and national leaders to debate strategies for building resilient, competitive industries.
At the two summits, the Nigerian leader will deliver statements highlighting his administration’s ongoing reforms to reposition the nation as a prime destination for investment and growth. He will also hold high-level meetings with top-tier global and African business leaders.
President Tinubu will be accompanied on the trip by some of his ministers and senior aides. He will return to Nigeria at the end of the Rwanda summit.
General
NEC Approves 112 as National Emergency Response Lifeline
By Adedapo Adesanya
The National Economic Council (NEC) has approved the adoption of 112 as the national emergency number at all levels and across relevant agencies.
It is part of measures to strengthen Nigeria’s emergency lifeline and build a unified and coordinated national response to emergencies.
The council also approved the establishment of a multi-agency implementation committee and programme coordination led by the Office of the Vice President and the National Communications Commission (NCC).
The approval was part of decisions taken at the 157th meeting of the NEC held virtually and chaired by Vice President Kashim Shettima.
Mr Shettima said the 112 emergency lifeline had become necessary to prevent delay caused by bureaucratic bottlenecks, noting that what the citizens seek urgently when confronted by a natural disaster or insecurity is an urgent response and not bureaucracy.
“This is not only a technical reform. It is a test of the state’s humanity. In moments of fire, accident, robbery, medical emergency, flood, violence, or panic, citizens do not need bureaucracy.
“They need a response. They need to know one number to call, one system to trust, and one coordinated chain of action that moves quickly enough to save lives,” he stated.
He explained that while Nigeria is not beginning from zero, as the emergency number had been in existence, what is required at the moment “is coordination, adoption, standard operating procedures, public awareness, institutional ownership, and trust”.
The vice president described NEC as the nation’s economic engine room, where the federal government and the states must convert the Renewed Hope Agenda of President Bola Tinubu into practical outcomes.
“We cannot build our way to a one-trillion-dollar economy by federal effort alone. We cannot create millions of jobs by speeches alone.
“We cannot expand exports, attract investment, secure communities, or unlock productivity unless every tier of government understands its role and performs it with urgency,” the VP noted.
Mr Shettima noted that the council will continue to focus on decisions that would have a positive impact on the lives of Nigerians.
“History will not ask how many meetings we held. It will ask what changed because we met.
“It will ask whether our decisions reached the farmer, the manufacturer, the artist, the investor, the accident victim, the unemployed graduate, and the child waiting to inherit the country we are rebuilding.”
NEC also received a presentation on the rehabilitation of police training institutions across the country from its ad hoc committee led by Governor Peter Mbah of Enugu State, and commended the ad hoc committee for the work done so far.
It also called on the Ministry of Finance to expedite the release of the balance of approved funds for the take-off of the project and urged the committee to ensure national spread by capturing training institutions in each geopolitical zone in the first phase of the intervention.
General
Supreme Court Affirms David Mark’s Leadership of ADC
By Modupe Gbadeyanka
The Supreme Court has recognised Mr David Mark as the National Chairman of the African Democratic Congress (ADC).
In a judgment on Friday, the apex court restored the leadership of the former Senate President, after an appellate court had ordered a status quo ante bellum.
The Supreme Court held that the decision of the Appeal Court on status quo ante bellum was improper and unwarranted.
It also refused to uphold the preliminary objections by counsel to Mr Nafiu Bala, who is challenging the leadership of Mr Mark, directing that the suit should head back to the trial court for determination. Mr Bala went to court to seek an ex parte to stop Mr Mark and his team from parading themselves as leaders of the opposition party.
The ADC, which was asked to put on notice to explain why the injunction should not be given, appealed the matter, but the parties were asked to maintain the status quo ante bellum. This was interpreted to mean the ADC was without a leader.
The matter went to the apex court, which decided it today, affirming Mr Mark as the party’s chairman, which seeks to eject President Bola Tinubu from Aso Rock via the 2027 presidential election.
Mr Bala, a former vice chairman of the party, was said to have resigned his position to pave the way for Mr Mark and others, who joined the party from the People’s Democratic Party (PDP) and the Labour Party (LP).
However, he claimed he did not resign and that his signature was forged, seeking the court’s help to install him as the party’s chairman, based on ADC’s constitution, according to him.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
