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Stakeholders Task FG On Renewable Energy

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Delegates rose from a three-day conference on alternative energy on Saturday in Abuja with a call on the Federal Government to pay adequate attention to the country’s renewable energy sector.
The call is contained in a communiqué issued at the end of the fifth Nigeria Alternative Energy Exposition (NAEE) with the theme: “Consolidating Energy Transformation Gains.”
Mr Chidi Onuoha, a renewable energy consultant and advocate, signed the communiqué on behalf of other delegates.
The stakeholders commended the Federal Government for putting in place the Renewable Energy Policy (REP) and called for its effective implementation.
They described the policy as a critical blueprint for the national search for permanent solutions to the country’s lingering energy crisis.
The delegates emphasised the need for the policy to be backed by law in order to sustain the contribution of clean energy to the energy mix and attract investors to the sector.
To this end, they pledged their support for a Green Economy Nigeria Bill (GENB), which they said would soon be in the National Assembly.
The bill, according to them, seeks to give legal teeth to sustainable agriculture, renewable energy and infrastructure.
The Tide gathered that the NAEE is the country’s largest gathering of policy makers, researchers, manufacturers, investors and consumers of renewable energy.
This year’s edition, held between Oct. 14 and Oct.16 at Shehu Yar’adua Conference Centre, was declared open by President Muhammadu Buhari, represented by the Permanent Secretary, Federal Ministry of Power, Mr Godknows Igali.
It attracted French Ambassador to Nigeria, Mr Denys Gauer; the Director General, Energy Commission of Nigeria, Prof. Eli Bala; French Ambassador for Climate in Africa and Middle East, and Mr Stephane Gompertz.
The communiqué read: “We commend the Federal Government for putting in place the Renewable Energy Policy (REP) and Energy Efficiency Policy (EEP) document.
“The REP document, no doubt, will serve as a blue print for sustainable supply and utilisation of renewable energy sources within the economy for both on-grid and off-grid solutions.
“The document also advances an Energy Efficiency Policy (EEP) which will reduce inefficient consumption, thereby providing greater access to electricity consumers.”
The delegates expressed concern over the “deficiency” in the country’s energy infrastructure over the years despite being the most populated and largest economy in Africa.
Among other recommendations, they advised the Federal Government to encourage private sector investments in renewable energy using feed-in tariffs as obtainable in other climes.
They advised the Nigeria Electricity Regulatory Commission (NERC) to provide a regulatory framework for off-grid power supply solutions.
The delegates cited high import tariffs on renewable energy facilities and high bank credit as major obstacles to investment in the sector.
They, therefore, urged the Nigerian Customs Service to implement relevant aspects of the REP, especially the provision on zero import duty for renewable energy technologies.
“The Federal Government through the Standards Organisation of Nigeria (SON) should ensure the importation of only quality renewable energy equipment into the country.
“Importation of substandard products by quacks has painted genuine investors in the sector in bad light.
“There is also the need for collaboration between the federal and state governments, and the private sector to support training and job creation provided by off-grid renewable energy market for technicians, installers and artisans.
“The Rural Electrification Agency (REA) should reinvent itself as the Renewable Energy Development Agency and focus on the promotion of off-grid, mini-grid renewable energy solutions.
“REA should also work with private sector investors to achieve fast rural electrification,” they said.
The stakeholders announced the formation of an association called the Nigeria Sustainable Energy Group (NSEG) to give them a voice as it is the case with other professional bodies in the country.
According to them, NSEG will serve as a platform for them to fast-track and monitor progress made in the implementation of their resolutions and other issues of interest to the members.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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