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Proposed Nuclear Power Plants’ll Boost Electricity – Expert

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A Russian nuclear energy expert has said that the construction of a proposed Nuclear Power Plant (NPP) in Nigeria is capable of delivering stable and affordable electricity in the country.
Dmitry Shornikov, also the Chief Executive Officer, Central and Southern Africa, Nuclear Energy Corporation (ROSATOM), said this in an interview text emailed to newsmen in Abuja yesterday.
According to the expert, another advantage of NPP is the predictability of the price of electricity, which has a life span range of between 60 to 80 years.
“Another proven advantage of nuclear power is its environmental friendliness, NPPs do not emit any harmful substances into the atmosphere during their operation.
“First and foremost, I have to point out that nuclear energy is not a competitor with other energy sources but rather a compliementary base load source.
“Nuclear power is characterised by the very large amount of energy available from a very small amount of fuel.
“The amount of waste is correspondingly very small, for example, 25 tons of uranium generates roughly the same amount of electricity as 2.7 million tons of coal.
“The nuclear sector is also the only energy sector that safely stores 100 per cent of all its waste.
“As far as security of supply goes, nuclear is unrivalled, new generation NPPs are able to achieve net capacity factors of well over 90 per cent, whereas renewable sources for instance achieve far less than half of that.
“The net capacity factor is essentially the ratio of a power plants’ actual output over a period of time, when compared to its potential output if it were possible for it to operate at full capacity continuously over same period of time.
“Nuclear energy, therefore, becomes a vital component in the development of a clean energy mix in any country.’’
He said that the primary energy consumption in Nigeria was largely through traditional biomass and waste, consisting of wood, charcoal, manure, and crop residues.
This, according to him, accounts for 74 per cent of energy mix in Nigeria.
“This high share represents the use of biomass to meet off-grid heating and cooking needs, mainly in rural areas.
“The International Atomic Energy Agency (IAEA) estimated that 115 million people in Nigeria rely on traditional biomass and waste as their main sources of energy.
“The other 26 per cent is made up of oil, gas and hydropower. In recent years, the electricity production from hydroelectric sources has plunged due to water shortages and climate change.’’
On safety concerns raised over the proposed NPP in Nigeria, Dmitry said; “Modern nuclear reactors and plants have proved to be real ‘workhorses’ for developed and developing countries.
“They are among the safest and most secure industrial facilities in the world.’’
He said the multiple layers of physical security, inherent in NPP, together with high levels of operational performance, protects plant workers, the public and the environment.
“Nuclear plants are well-designed, operated by trained personnel, defended against all forms of attacks and prepared in the event of an emergency.
“All the standards in the sphere of NPP construction and exploitation are well elaborated and being monitored constantly by high-level team of international experts from IAEA and key Member-States.
“Stringent international regulation, automated, redundant safety systems and the industry’s commitment to comprehensive safety procedures keep nuclear power plants and their communities safe.”
Meanwhile, Nigeria is among the African Regional Cooperative Agreement for Research, Development and Training Related to Nuclear Science and Technology (AFRA) a regional cooperative aspect of IAEA.
Dmitry said Nigeria needs to diversify to other energy sources like nuclear power as “not many sources alone can provide a sustainable, economically viable and secure supply of electricity.
“Therefore, an energy mix is crucial because different sources can bring together these three factors’’.
“Hydrocarbons such as coal for instance are economically viable and offer stable power but are unfortunately very bad for the environment.
“Renewable such as wind and solar are great for the environment but are irregular by nature, and only produce electricity when the wind is blowing or the sun is shining.
“There is unfortunately no economically viable methods of storing power at this point.”
He said it was also important not to be overly dependent on a single source of power, as many African countries were excessively dependent on hydro, which has proved detrimental in the ever changing climate conditions.
Dmitry said the inclusion of nuclear energy to Nigerian’s energy mix would provide much needed diversity and stability to the country’s energy mix.
“Nuclear energy and renewable are not mutually exclusive, each of them has its advantages and models of use, both sources are clean and eco-friendly.”
He said a recent analysis conducted by the Nuclear Energy Institute (NEI) indicated that nuclear plants create some of the largest economic benefits when compared to all other generating sources.
According to NEI, the operation of a nuclear plant requires the highest number of skilled workers per kWh produced when compared to any other technology.
“On average, these jobs pay 36 per cent more than the average salaries in the area where the plant is constructed.
“New plant construction creates a direct demand for thousands of locally sourced skilled labourers such as welders, pipefitters, masons, carpenters, millwrights, sheet metal workers, electricians’ and heavy equipment operators among others.
He further listed benefits to be derived from the implementation of NPP projects to include availability of local investments aimed at maintaining the well-being of the region and development of science and technology.
The ROSATOM official said that the continuous development of the sectors would transform the country into a major economic force on the continent and on the global market.

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PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
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SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

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The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
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NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products 

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu
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