Connect with us

Business

Stakeholders Task FG On Renewable Energy

Published

on

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.

Continue Reading

Business

Pipeline Explosion In Abua Odua, LGA Chair Calls For Calm

Published

on

Fresh explosions have hit oil and gas pipelines in Odau Community, in Abua/Odual Local Government Area of Rivers State, triggering a major security and  environmental crisis that has forced residents to abandon their homes.
The first incident occurred  along the Kolo Creek – Rumuekpe crude oil pipelines, operated by Renaissance Africa Energy Company Limited.
This was followed by a gas pipeline explosion on the Ogboinbiri – Obirikom Gas Pipeline, operated by Oando Plc, in the same week.
In a statement by the Abua/Odual Council Chairman, Hon. Owolobi Michael Ofori said  the blasts, suspected to be the handiwork of militants, have unleashed persistent gas leakage in the area, raising fears of fire outbreaks and toxic exposure as residents of Odau have largely deserted the community due to the dangerous situation.
According to him, some residents of the area have been hospitalised after inhaling the leaking gas, adding that the impact has spread to neighbouring communities, including Obedum, Emirikpoko, and Anyu in Abua/Odual LGA, as well as Oruma and Ibelebiri in Bayelsa State.
Hon. Ofori expressed deep concern over the plight of the affected residents and urged the operating companies to act swiftly.
The Council expressed its deepest sympathy to all affected persons and communities and remained gravely concerned about the safety, health, and welfare of residents whose lives and livelihoods have been disrupted by these incidents.
“We call on Renaissance Africa Energy Company Limited and Oando Plc to immediately deploy all necessary technical and emergency response resources to contain the fires, halt the gas leakage, secure the affected pipeline corridors, and mitigate further environmental and public health risks.” the Council Chairman Said.
The chairman also appealed to the two oil firms to provide immediate humanitarian assistance and relief materials to the displaced residents while work continues to restore normalcy.
The Council Chairman said he is working closely with security agencies and emergency responders to monitor the situation and coordinate necessary interventions.
The Council Boss advised Residents of the Local Government Area to remain calm, cooperate with authorities, and adhere strictly to safety directives.
Ofori further called on the National Emergency Management Agency (NEMA), the National Oil Spill Detection and Response Agency (NOSDRA), the Rivers State Government, and other relevant bodies to intervene urgently to prevent  loss of lives and environmental damage.
Hon. Ofori assured that the council remains committed to the protection and welfare of its people and will continue to engage all stakeholders to resolve the crisis.
Enoch Epelle
Continue Reading

Business

Fidelity Bank Collaborates YEIDEP To Empower Nigerian Students

Published

on

Fidelity Bank Plc has reaffirmed its commitment to youth empowerment, financial inclusion and entrepreneurship through a strategic partnership with the Youth Economic Intervention and De-radicalization Programme (YEIDEP), a Federal Government-backed initiative aimed at equipping young Nigerians with the skills, support and opportunities needed to build sustainable livelihoods.
Under the partnership, the bank will support the enrolment of students and young people into the YEIDEP programme, which is designed to tackle youth unemployment, promote enterprise development and expand economic participation among Nigeria’s growing youth population.
The next phase of the initiative is scheduled to end today at Nnamdi Azikiwe University, Awka, where the enrolment exercise for students and youths across the South-East that started since July 1st would be concluded at the university’s Convocation Arena.
The exercise is expected to reach more than 60,000 regular undergraduate students.
Speaking on the partnership, Fidelity Bank’s Divisional Head, Product Development, Osita Ede, said youth empowerment remains central to the bank’s vision of building a more inclusive and prosperous society.
He noted that Nigeria’s youths represent the country’s greatest asset and stressed that providing them with the right skills, opportunities and financial support is critical to unlocking their potential and driving national development.
According to Ede, the bank continues to provide young Nigerians with tools for success through its digital banking platforms, financial literacy initiatives, youth-focused products and strategic partnerships.
He added that Fidelity Bank recognises that limited access to funding, mentorship and business development support remains a major challenge for many aspiring entrepreneurs, and is committed to creating pathways that will help them overcome these barriers.
The bank said its support for YEIDEP aligns with its longstanding commitment to empowering Micro, Small and Medium Enterprises (MSMEs), which it described as key drivers of economic growth and job creation in Nigeria.
Interested students and youths have been encouraged to open Fidelity Bank accounts and register for the programme through the bank’s dedicated online portal.
Nkpemenyie Mcdominic, Lagos
Continue Reading

Business

NPA Launches Multi-Agency Taskforce To Combat Apapa Traffic Gridlock

Published

on

The Nigerian Ports Authority (NPA) has launched a multi-agency task force to combat the resurgence of traffic gridlock choking the Lagos Port access roads, in a fresh push to restore seamless cargo evacuation and sustain recent gains in Port efficiency.
The intervention followed a stakeholders’ meeting convened by the Managing Director of  NPA, Dr. Abubakar Dantsoho, on June 23rd, 2026, where security agencies, freight forwarders, truck operators and representatives of the Lagos State Government agreed on coordinated measures to eliminate the bottlenecks disrupting cargo movement.
At the meeting, stakeholders identified illegal extortion points, overlapping responsibilities among security agencies and other operational distortions as major factors responsible for the renewed congestion along the port corridor.
Speaking on the outcome of the meeting, the NPA’s General Manager, Corporate and Strategic Communications, Mr. Ikechukwu Onyemakara, said the Authority’s overriding priority is to guarantee the unhindered movement of cargo to and from the nation’s seaports.
According to him, the task force comprises the NPA, the Police, the National Association of Government Approved Freight Forwarders (NAGAFF), the Association of Nigerian Licensed Customs Agents (ANLCA), the Federal Road Safety Corps (FRSC), the Maritime Workers Union of Nigeria (MWUN), the Nigerian Association of Road Transport Owners (NARTO) and the Association of Maritime Truck Owners (AMATO).
“The responsibility of the task force is to monitor truck movement on the Port access roads on a regular basis, identify any disruption capable of causing gridlock and immediately resolve such challenges,” Onyemakara said.
He stressed that members of the task force would not establish checkpoints along the corridor but would maintain strategic presence at designated locations to ensure compliance without obstructing traffic.
To enhance rapid response, Onyemakara disclosed that the task force has created a dedicated WhatsApp platform through which members can instantly report infractions or emerging traffic issues for immediate intervention.
On the long-delayed renewal of the Electronic Truck Call-Up (ETO) system contract, the NPA spokesman said the Authority is reviewing the terms to ensure a more robust contractual framework before awarding a fresh agreement.
He explained that although the previous contract had expired, the ETO platform remains operational under the management of the Truck Transit Parks (TTP) pending completion of the procurement process.
He expressed confidence that the renewal would be concluded soon.
Reaffirming the Authority’s commitment to maintaining free-flowing Port access roads, Onyemakara said efficient logistics remain central to the NPA’s drive to improve Nigeria’s Port competitiveness and preserve its growing international reputation.
“We are more interested in the free flow of logistics into our ports than anyone else because it is in our own interest,” he said
Nkpemenyie Mcdominic, Lagos
Continue Reading

Trending