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Hotel Owners Lament Erratic Power Supply, Toll On Business

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The Hotel Owners Forum,
Abuja (HOFA) on Thursday in Abuja lamented the erratic power supply to the city, saying it had negatively affected the hospitality industry in the territory.
The President of the association, Dr Bola Onigbogi, told newsmen that the erratic power supply had taken a negative toll on their operation.
According to her, hotel business in the Federal Capital Territory is saturated and owners cannot start increasing room rates and other services.
“Before the proposed 45 per cent electricity tariff increment in February this year; we were complaining that what we were paying then was high.
“Now they have increased the tariff by 45 per cent; actually, the court and the National Assembly had stopped them from implementing the increase.
“But they went ahead and implemented it; we are not finding it easy, and to make matters worse, the supply is not there and we pay the high rate for power,’’ she reiterated.
She said that the erratic power supply was impacting negatively on commercial and domestic activities in the country.
Onigbogi said that consumers across the country were groaning because the electricity supply was erratic.
“Even the Transmission Companies of Nigeria confirmed that there was a sharp drop in the electricity supply across the country.
“By the time you put all these together, you will discover that many businesses in the country are running at a loss; we are not making profit like before again.
“We spend over 35 per cent of our profit on alternative power supply only; it is not supposed to be so; it should be like 10 to 15 per cent.
“Government needs to do something about it because we cannot continue like this; it is not easy,’’ she stressed.
Meanwhile, Chief Tomi Akingbogun, the President of Federation of Tourism Association of Nigeria (FTAN) said that the recent increment in electricity tariff was ill timed.
According to him, the investors are supposed to have given all electricity consumers prepaid meters before implementing any form of increment.
He said that many hotel owners in Abuja were converting their hotels into residential facility.
“I know more than three hotels in Abuja that have been converted to residence; as at now.
“There are hotels that cannot pay their workers’ salaries; some are owing their staff for some months; these are due to challenges facing the hospitality industry in the country.
“The investors in the power sector and Nigerian Electricity Regulatory Commission do not have the Nigerian people and business in their minds; they are only after the profit for the investors,’’ he said.
Speaking in same vein, Mr Martins Agbo, the Public Relations Officer of Nicon Luxury Hotel, Area 11 in Abuja said that the government needed to wake up and do the needful.
According to him, the Federal Government before privatising the sector, had invested a lot of money in the power sector, but there was no commensurate improvement.
“This is because of corruption; Nigerians handling the power sector were not sincere in the provision of uninterrupted power supply to Nigerians.
“Sabotage is another thing that the government has to look into with all manner of doggedness; because many unpatriotic Nigerians are hell bent on destroying power installations in the country.
“We spend a lot of money on alternative power supply for the hotel, but it would have been better if public power supply is constant to justify the increment in tariff,’’ he said.

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Fidelity Bank To Empower Women With Sustainable Entrepreneurship Skills, HAP2.0

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Leading financial institution, Fidelity Bank Plc, has announced the launch of the second edition of its flagship women-empowerment initiative, the HerFidelity Apprenticeship Programme 2.0 (HAP 2.0).
According to the report, the programme is designed to equip women with practical, income?generating skills and structured pathways to entrepreneurship.
 Accordingly, the HAP 2.0 will build on the success of its inaugural edition held in 2023.
During media chat with journalists to herald the launch of HAP 2.0, the Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede, explained that the initiative has been enhanced to deliver greater impact.
He said HerFidelity Apprenticeship Programme 2.0 reflects their commitment to continuous improvement, having evaluated feedback from the first edition, they have returned with stronger partnerships and deeper mentorship programmes to ensure that women acquire not just skills, but sustainable economic opportunities.
Mr Ede, who said the programme is guided with real?world learning, also said that participants will undergo intensive apprenticeship training under reputable institutions and industry experts across selected fields such as hair styling, shoe making, auto mechatronics, and interior decoration.
Additionally, he said HerFidelity Apprenticeship Programme 2.0 goes beyond skills acquisition by offering participants a wide range of business advisory services.
These include business and financial literacy training, mentorship support throughout the apprenticeship journey, access to Fidelity Bank’s women?focused and SME financial solutions, as well as guidance on business formalisation and growth strategies.
Emphasizing the bank’s vision further, Ede said: “By integrating structured mentorship with entrepreneurial development, Fidelity Bank is positioning women not just as trainees, but as future employers, innovators, and economic contributors within their communities.
 This aligns with our mandate to help individuals grow, businesses thrive, and economies prosper”.
It is noteworthy that interested participants are encouraged to indicate their interest by visiting https://bit.ly/Apprenticeshipbyherfidelity.
It is important to note that Fidelity Bank Plc is ranked among the best banks in Nigeria, with a full-fledged Commercial Deposit Money Bank serving over 10 million customers through digital banking channels, with 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.
It is reported that the Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards, the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.
By: Nkpemenyie mcdominic, Lagos
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President Tinubu Approves Extension Ban On Raw Shea Nut Export

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President Bola Ahmed Tinubu has approved the extension of the ban on the export of raw shea nuts for a further one year, from February 26, 2026, to February 25, 2027.
Bayo Onanuga, Special Adviser to the President on (Information and Strategy) who disclosed this on Wednesday, February 25, 2026 stressed the Federal Government remains committed to policies that promote inclusive growth, local manufacturing, and position Nigeria as a competitive participant in global agricultural value chains.
The decision underscores the administration’s commitment to advancing industrial development, strengthening domestic value addition, and supporting the objectives of the Renewed Hope Agenda.
The ban aims to deepen processing capacity within Nigeria, enhance livelihoods in shea-producing communities, and promote the growth of Nigerian exports anchored on value-added products.
To further these objectives, President Tinubu has authorised the two Ministers of the Federal Ministry of Industry, Trade and Investment, and the Presidential Food Security Coordination Unit (PFSCU), to coordinate the implementation of a unified, evidence-based national framework that aligns industrialisation, trade, and investment priorities across the shea nut value chain.
He also approved the adoption of an export framework established by the Nigerian Commodity Exchange (NCX) and the withdrawal of all waivers allowing the direct export of raw shea nuts.
The President directed that any excess supply of raw shea nuts should be exported exclusively through the NCX framework, in accordance with the approved guidelines.
By: Nkpemenyie Mcdominic, Lagos
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Crisis Response: EU-project Delivers New Vet. Clinic To Katsina Govt.

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A Non – Governmental Organisation (NGO), Mercy Corps, has handed over a newly constructed Veterinary Clinic and a rehabilitated structure in Danmusa Local Government Area (LGA), to the Katsina State Government.
The project, which included a 20,000-litre capacity upgraded solar-powered borehole, was executed under the European Union-funded Conflict Prevention, Crisis Response and Resilience (CPCRR) project.
The initiative is being implemented in collaboration with the International Organisation for Migration (IOM), and the Centre for Democracy and Development (CDD).
Speaking during the handover ceremony, Wednesday, the Commissioner for Livestock and Animal Husbandry in Kastina State, Prof Ahmed Bakori, commended Mercy Corps and its partners on such commitment to support peace and development in the state.
While praising the state government for restoring peace and stability, the said project would improve livestock services and the welfare of farmers who depend on animal health services for livelihood.
Bakori buttressed that improved security in the state had enabled development partners to implement meaningful interventions in communities affected earlier.
He said, “Recently, Gov. Dikko Radda was in South Africa to explore strategies for boosting livestock production and strengthening the livestock value chain in line with the government’s economic development agenda.”
In his remarks, Mercy Corps Senior Programme Manager, Mr Philip Ikita, expressed satisfaction on the timely and successful implementation of the project in Danmusa.
He stated that although Mercy Corps began its operations in the state in 2023, security challenges, had initially prevented the organisation from accessing some areas, including Danmusa.
Ikita said that the project would improve access to essential services, strengthen livelihoods and contribute to sustaining peace in the community.
“The project involves the upgrade of a veterinary clinic from a two room structure into a fully functional six office facility, embarked on to strengthen livestock healthcare services in the area.
“The programme builds on the success of the Conflict Mitigation and Community Reconciliation (CMCR) project and seeks to promote long-term peace and stability in Northwest Nigeria.
“It works across 48 communities in Zamfara and Katsina States, addressing the root causes of conflict, enhancing community resilience, and strengthening socio-economic recovery,” he said.
Also, the District Head of Danmusa, Ahmadu Abubakar, expressed appreciation to Mercy Corps and its partners for the intervention, describing the projects as timely and beneficial.
Earlier, the Chairman of Danmusa LGA, Ibrahim Na-Mama, represented by his Deputy, Musa Muhammad, expressed appreciation for the projects, assuring that the council would support efforts to safeguard them.
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