News
US Investor To Deliver 1,200mw Solar Power …PHED, Bank Sign Pre-metering Deal

Perm Sect Min of Intormation and Communication, Mrs Cordilia Peterside addressing participants during 2014 Skills Acquisition organised by Divine Daughters of Destiny of Redemption Ministries PHC. With her is Pastor (Mrs) M. Akinola (left) any Pastor (Mrs) Briggs, recently. Photo: Nwiueh Donatus Ken
A consortium of American investors in renewable energy, under the auspices of MOTIR SEASPIRE, has signed a Memorandum of Understanding with the Federal Ministry of Power to deliver in two years, 1,200 megawatts of solar powered electricity in Nigeria.
The proposed solar technology to be installed in Nigeria will be of United States standard, according to the Minister of Power, Prof. Chinedu Nebo, as he assured that the consortium had the capacity to increase the scope of project up to 10,000MW in the next five years.
A statement from the power ministry quoted the President/CEO, MOTIR SEASPIRE, Mr. Emmanuel Irono, as saying that the team had a portfolio of over $5bn that could be accessed over a period of five years into its integrated renewable energy projects.
He said the initial 1,200MW will be realised in the next two years, adding that the local content component of 80 per cent Nigerians will make the country the hub of its activities in Africa.
He said, “As a compatriot, the concern for providing employment to the teeming populace will be a plus to the company’s quest for provision of training for the Nigerian workforce in the power sector in general and renewable energy in particular.”
Responding, the minister of power said he was excited that a compatriot was making this giant stride of harnessing the vast potentials of energy in solar.
Meanwhile, in a move to make pre-paid meter available to electricity customers, Ecobank Nigeria Plc and Port-Harcourt Electricity Distribution Company (PHED) have signed a special agreement whereby their customers can secure finance for the acquisition of prepaid meters under the Credited Advanced Payment for Metering Implementation (CAPMI) scheme.
The scheme, CAPMI is a special programme initiated by the Nigerian Electricity Regulatory Commission, (NERC), that allows willing electricity customers to make payment to distribution companies for pre-paid meters and such payment is then refunded back to the customer through deductions from the monthly electricity bills.
The scheme being introduced by Ecobank, one of the commercial Bank under the name CAPMI Credit, avails willing customers the opportunity of securing microfinance for pre-paid meter acquisition from PHED.
While signing the agreement last Thursday in Port-Harcourt, Rivers State, Executive Director, South-South and South-East, Ecobank, Mr. Kingsley Umadia, stated that CAPMI Credit was designed to help bring solution to the huge metering gap that was currently being experienced in the power sector.
Umadia noted that the acquisition of pre-paid meter would also stop the estimated bill, noting that electricity had been known to be a driver of economic prosperity.
He said that Ecobank decided to partner with PHED to help actualize the development of the sector for the country’s economic growth, adding that no country would function well without effective power.
In his own part, the, Chief Executive Officer, PHED, Mr. Jon Abbas, disclosed that the partnership with Ecobank was necessary as the bank had been a leading partner in service provision to customers.
Abbas stated that the deal was struck in order to achieve the company’s vision of being a leading utility in Nigeria as according to him, no country can function effectively without power, hence we work to ensure that power in the country is stable.
The Assistant General Manager, Customer Services, PHED, Mr. Godwin Orovwiroro, while making presentation on the scheme, explained that CAPMI credit would run alongside the regular CAPMI scheme that requires customers to make cash payment for meters.
Orovwiroro further explained that all categories of meters including single phase and three-phase were accommodated in the Ecobank finance scheme.
‘’Under CAPMI, electricity distribution companies repay the cost of prepaid meters back to customers who purchase them at 12% of the cost.’’,he said.
PHED is the electricity distribution company that serves four states in the south-south namely Akwa Ibom, Bayelsa, Cross and Rivers States.
News
Victory Over Insurgency Certain, Tinubu Assures
President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.
The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.
He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.
Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.
“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.
“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.
The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.
Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.
He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.
“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”
The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.
The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.
Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.
News
US Embassy, Lagos Consulate Close Today For President’s Day
The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.
The mission made this known in a notice shared on its official X page, yesterday.
“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.
According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.
The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.
In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.
Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.
News
Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role
United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.
Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.
The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.
Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.
“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.
The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.
Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.
The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.
In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.
“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.
Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.
He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.
Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.
-
Politics4 days agoAPC Releases Adjusted Timetable For Nationwide Congresses, Convention
-
Sports24 hours ago2026 WC: Nigeria, DR Congo Awaits FIFA Verdict Today
-
Sports4 days ago
DG NIS Wants NSC Board Constituted, Seeks Increased In Funding
-
Business4 days agoCustoms Seek Support To Curb Smuggling In Ogun
-
Featured4 days agoINEC Proposes N873.78bn For 2027 Elections, N171bn For 2026 Operations
-
Sports4 days agoSWAN Rivers Set-up Five Functional Committees
-
News4 days ago
Police Bust Kidnapping Syndicate In PH
-
Sports4 days ago
NSC Disburses N200m Training Grants To 26 Athletes
