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AfDB Tasks African Nations On Power Generation

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The view of Agbidiama landing craft after commissioning at SPDC Marine Base, Kidney Island, Port Harcourt, recently. Photo: Egberi. A. Sampson

The view of Agbidiama landing craft after commissioning at SPDC Marine Base, Kidney Island, Port Harcourt, recently.
Photo: Egberi. A. Sampson

The African Development Bank (AfDB), in Addis Ababa last Wednesday urged African countries to strengthen their energy policies to meet electricity needs in both rural and urban areas.
The bank said this at the opening of a three-Day Global Conference on rural energy access for sustainable development and poverty eradication being organised by the UN-Economic Commission for Africa (ECA).
It has as its them: “Rural Energy Access: A Nexus Approach to Sustainable Development and Poverty Eradication”.
The Bank’s of Sustainable Energy for All (SE4ALL) Africa Hub Coordinator, Dr Daniel Schroth listed Nigeria among 12 Sub-Saharan African countries with huge energy deficit.
Schroth said 74 per cent of the global access deficit for electricity “is concentrated in just 20 countries, 12 of which are in Sub-Saharan Africa.
“The countries are Nigeria, Ethiopia, DR Congo, Tanzania, Kenya, Sudan, Uganda, Mozambique, Madagascar, Burkina Faso, Niger and Malawi”.
He said recent data by the World Bank under the Global Tracking Framework on SE4All showed 590 million people in Sub-Saharan Africa lacked access to electricity.
Schroth said 690 million people in the same region rely on solid fuel for cooking, representing an access rate of 63 and 14 per cent respectively in urban and rural populations.
“Moreover, 19 of the 20 countries with lowest energy access rates globally are in Sub-Saharan Africa with South Sudan two per cent, Chad and Liberia four per cent and Burundi five per cent.
“While progress has been made in other parts of the World, rural electrification is particularly low in Sub-Saharan.
“This is where electrified population grew by only 0.4 per cent over the period between 1990 and 2010”, he said.
He urged African countries to speed up efforts in developing stable policies that would address the situation.
He said the bank was committed to making Sustainable Energy for All a reality in Africa, by using available instruments including risk coverage and innovative financing tools.
Meanwhile the Executive Secretary of the UN Economic Commission for Africa (ECA), Mr Carlos Lopez in a message to the conference called for more articulated efforts to address the situation.
He said addressing energy needs in Africa would put the continent on the path of sustainable development and growth.
Lopez said there was concern that more than 1.2 billion of the global population lacked access to electricity.
He said it was also worrisome that 2.8 billion still relied on unsustainable solid bio-mass as fuel for cooking and heating.
He said around 1 billion (85 per cent) of those without electricity and 2.2 billion (78 per cent) depending on solid bio-mass, lived in rural areas.
“Communities in rural isolated areas represent, in many cases, the poorest segment of the population in developing countries, including Sub-Saharan Africa and developing regions in Asia and Latin America.
“There is a strong nexus between energy and other important development factors such as education, health, gender, environment, economic growth, food security, and water.
“Sustainable access to modern energy services is a critical input and catalyst for improving the productive capacities and welfare of rural isolated communities, leading to poverty eradication and sustainable development.”
According to him, extension of national grids, in most countries, is too expensive to cover these isolated areas.
“Nevertheless, appropriately scaled renewable energy systems, in particular advanced clean cook stoves and stand-alone (off-grid) electric generating systems that are practical, reliable, and durable are now both widely available and affordable.”
Lopez said the Sustainable Energy for All, “which is the major initiative of the Secretary-General, includes as one of its three main objectives, Universal Access to Modern Energy Services by 2030.
He said it should be pursuit by Africa as priority to address the energy challenge in the continent.
The AU Commissioner for Infrastructure and Energy, Dr Elham Ibrahim, urged African countries to place the continent on the path of development with greater attention to rural electrification.
She said Africa must exploit its huge potential in renewable energy resources, which he said, was capable of generating 1,800 Tera Watts-hours of Hydro-electricity.

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SMEs Dev: Firms Launch N100m Loan Scheme 

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The Coalition of Microlending and Cooperative Institutions in Nigeria (COMCIN), the umbrella body of non-bank microfinance institutions and cooperative societies in Nigeria, in partnership with NEAT Microcredit, has unveiled a N100 million joint loan facility aimed at supporting small and medium-scale enterprises (SMEs) across the country.

The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.

The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA),  said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.

Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.

“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.

He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.

According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.

“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.

Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.

He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.

“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.

He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.

“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.

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Yenagoa’s Radisson Hotel Ready  December   — NCDMB, Other 

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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has expressed confidence that the five-star Radisson Hotel and Conference Centre, Yenagoa, Bayelsa State, would be completed and commissioned this December .
He said this while addressing visiting top executives of Edison Corporation  and Megastar Technical and construction company at the conclusion of a one-day project management tour and workshop at the headquarters of the Nigerian Content Tower (NCT), Yenagoa, weekend.
The Board in a statement from the Directorate of Corporate Communications said  all other stakeholder assured of the delivery of world-class services in the hotel upon it’s completion.
Ogbe described the hospitality facility as a top priority project of the Board whose progress he would be following up every day and week.
“This project is critical to the Board, critical to Yenagoa, Bayelsa State and Nigeria. With this hotel becoming functional at the end of the year, I believe there will be tourism in Bayelsa State, and that’s one of my dreams.
“When I took up this job as Executive Secretary in December 2024 I said I must make this hotel work”, the NCDMB boss said.
He commended the team from Edison Corporation and the project contractor, Megastar Technical and Construction Company, for the quality and pace of work, adding “much is required from the Management to meet up the schedule delivery
“Most of the critical aspects of the project have been resolved in terms of mark-up room, scope of work in terms of financing and contracting strategies”
The Board’s  Scribe said he was sure all hands would be on deck to ensure that work proceeds unhampered.
In his remarks, the Chief Executive Officer of Edison Corporation, Mr. Vivian Reddy, said the team from Edison Hotel Group was very excited to come into a contractual arrangement with NCDMB, assuring the project will put the city on the world map.
“What is so important with the group Radisson International is that, if anyone around the world looks for Radisson Yenagoa, they will see this place pop up, and it’s going to help to uplift the area in terms of visitors and tourism.
“Our role is to make sure we deliver a world-class quality hotel from start to finish. We will open the hotel, we’ll furnish it. We’re working with the main contractor to make sure the facility meets world-class standards”, he said.
Speaking on the sealing of the contractual deal with the NCDMB, he noted it took great efforts, saying “getting Radisson in the agreement was not easy, and it took several months and cumulative one and a half years of discussions and documentation”.
The Edison boss, who is reputed to be the first South African businessman to lead a high-level business delegation from that country to Nigeria during the tenure of President Thabo Mbeki in 1999, was full of commendation for the NCDMB boss, describing him as “a great and visionary leader”.
“The vision and dream of the Executive Secretary of the NCDMB are going to become a reality.  We’re going to help him and make it a reality and it’s going to be the best hotel in this region”, the   boss noted.
Mr Reddy also commended the project contractors and professional teams involved, stating that his team has every confidence in their technical competence.
By: Ariwera Ibibo-Howells, Yenagoa
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RIRS Sets Tomorrow As Deadline For Individual Tax Returns Filing    

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The Rivers State Internal Revenue Service (RIRS) has set tomorrow as the deadline for the filing of  all  Annual Individual Income Tax Returns  for all taxable residents of the state.
This was contained in a public notice  by the Service to the taxable residents of the state in compliance with statutory provisions.
The notice was signed by the Executive Chairman of the agency, Sir Israel O. Egbunefu, and made available to the public in Port Harcourt recently.
 Egbunefu stated that the directive was in line with the provisions of the Nigeria Tax Administration Act 2025, which mandates individuals to declare their income for the preceding year of assessment.
 According to the notice, the obligation covers all categories of income earners, including employees in both the public and private sectors, self-employed individuals, business owners, and professionals operating within the state.
The agency reiterated that the timely filing of tax returns remains critical to promoting transparency, accountability and efficient tax administration in Rivers State.
 It further noted that compliance with tax obligations plays a vital role in enabling the government to meet its developmental goals and provide essential public services.
 RIRS urged all eligible taxpayers to ensure that their 2025 tax returns are properly completed and submitted through its approved channels before the stipulated deadline .
The Service warned that failure to comply with the directive may attract penalties and other sanctions as prescribed by relevant tax laws.
 It also stated its commitment to enforcing compliance while maintaining a taxpayer-friendly approach in its operations.
 Taxpayers requiring assistance were advised to visit any RIRS office or access its official platforms for guidance on the filing process.
The agency assured residents of continuous support, including professional advisory services, to facilitate a seamless and stress-free compliance experience.
 The notice forms part of ongoing efforts by the Rivers State Government to strengthen revenue generation and enhance voluntary tax compliance across the state.
 Residents are therefore encouraged to take advantage of the available support systems and meet the deadline to avoid unnecessary penalties.
By:  King Onunwor
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