Connect with us

Business

FG Spends N45.89bn On 1,375 Rural Power Projects

Published

on

The Federal Government of Nigeria has spent N45.89billion to complete a total of 1,375 rural power projects in various communities across the country in three years.
According to data obtained  from the Rural Electrification Agency (REA), between 2020 and 2022, the Federal Government, through its REA, undertook the projects by growing the capacity of the national power grid, increasing the number of mini-grids, deploying solar home systems, and installing solar street lights.
“Capital projects in the last three years, 2020 – 2022, is 1,375 in number. Total projects cost is N45.89bn”,  the REA stated in its 2022 Strategic Interventions report.
A breakdown of the projects indicated that the government was able to deliver an installed capacity of 238.4 megawatts to the national electricity grid during the review period.
It said a total of 476,800 households benefitted from this, as the installed capacity on the grid affected 2.38 million people, while the cost of this particular project was N19.11bn.
The report stated that a total of 67 mini-grids developed during the three-year period, provided 0.64MW of electricity to 657.14 households, comprising of a total of 3,290 persons, while N6.35bn was spent on this particular project.
The REA also provided 556 solar homes systems to support 2,780 people, at a cost of N1.03bn during the three-year period.
The Tide source further gathered that a total distance of 557.5km was covered with solar street lights provided by the agency at a cost of N17.96bn during the same period.
The report outlined REA’s interventions for the year 2022, in the delivery of capital projects, including the preliminary needs assessment and implementation framework for the 2022 electrification programmes.
It named the programmes to include the deployment of solar mini-grids (high-capacity productive use), solar water pumps (irrigation schemes) and solar home systems (low-capacity productive use) across the six geopolitical zones in Nigeria.
“Before the strategic interventions, some of the baseline conditions and challenges of the beneficiaries included access to electricity and water, petrol consumption patterns, security conditions, employment conditions, gender inclusivity and major crops produced.
“After the interventions, an assessment exercise was then conducted to determine the social, environmental, and economic impact on the livelihoods in the beneficiary communities”, the report stated.
It stated that in 2022, six communities were equipped with a 100-kW solar mini-grid system.
“The systems were designed to prioritise productive users, including agro-processing businesses, homes, commercial users, as well as public spaces.
“Over 8,155 lives and 5,000 active farmers have been impacted with uninterrupted power supply and clean affordable water, translating to over 60 direct and indirect jobs created, improved security, increased productivity, improved healthcare, as well as the decommissioning of over 40 diesel and petrol generators.
“Based on the current and future estimations, the reductions in carbon emissions were also encouraging”, the agency said.
It continued that 1,392 irrigation solar pumps were distributed across the six geopolitical zones, reaching 1,300 male and 92 female beneficiaries, as well as about 200 farm clusters.
“Over 11,000 lives and 6,000 farmers (including about 810 female farmers) have been directly impacted. This impact has translated to the illumination of over 170 farms with solar street lights, the training of over 3,000 farmers on pump maintenance and new irrigation practices, and more importantly, cost savings”, the report stated.

Continue Reading

Business

Agency Gives Insight Into Its Inspection, Monitoring Operations

Published

on

The Director, South South Zone National Agency for Food Drug Administration and Control (NAFDAC), Pharmacist Chujwuma P.Oligbu has said its  thorough implementation of its core mandate of monitoring has no link with witch-hunting or fault finding as perceived at some quarters.
 Oligbu, made this known when he spoke as as guest at the maiden Rivers state Supermarkets stakeholders’ Seminar/Workshop in Port Harcourt recently.
Rather, he said they were mere opportunities for education, correction and continuous improvement.
The Agency’s South South Boss, noted that  Supermarket operators who maintain transparent records, cooperate during inspections, and promptly address identified gaps demonstrate professionalism and commitment to public health standard.
He listed the deserving essence of supermarket operation to include the key aspects of supermarket operation that deserves emphasis is product sourcing.
“Supermarkets must ensure that all regulated products stocked on their shelves are duly registered with NAFDAC and sourced from legitimate manufacturers or distributors”, he said .
According to him, the presence of unregistered, expired, counterfeit, or improper labelled products undermines consumer confidence and poses serious health risks.
He pointed out that such has the likelihood of  exposeing supermarket operators to legal sanctions that could damage their reputation and financial stability.
The NAFDAC Operator, further enlightened the participants that mere registration of a particular product with the Federal agency do not guarantee absolute consumption safety.
“Temperature control, cleanliness, pest control, stock rotation, and proper shelving are not optional practice; they are essential components of compliance”, he said.
The South South zonal director also told the operators of supermarket that their employees rotine training on the basis of the product they display for sale is of utmost importance.
In her presentation a Breast Milk Nutrition Expert , Professor Alice Nte of University of Port Harcourt Teaching Hospital (UPTH), was against the body’s prime attention to breast milk substitute or baby milk in supermarkets as well as its advertisement or promotion.
Nye jerked up  the importance of mothers breast milk to the newborn baby and added that it  help in fighting against childhood diseases, infections and combating cancer in breastfeeding mothers.
Meanwhile, NAFDAC Deputy Director, South – South Zone , Mrs. Riter Chujwuma educated the participants on the guidelines for global listing, and the need to adhere strictly to rules guiding global listing to avoid confiscation of their imported products.
By: King Onunwor
Continue Reading

Business

BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS

Published

on

The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.

In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.

 According to the data, more than 4.3 million new BVNs were issued within the one-year period, underscoring the growing adoption of biometric identification as a prerequisite for accessing financial services in Nigeria.

NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.

Analysts linked the growth largely to regulatory measures by the CBN, particularly the directive to restrict or freeze bank accounts without both a BVN and National Identification Number (NIN), which took effect from April 2024.
The policy compelled many customers to regularise their biometric records to retain access to banking services.

Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.

The programme has been widely regarded as a milestone in integrating the diaspora into Nigeria’s formal financial system.

A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.

However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.

The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.

Continue Reading

Business

AFAN Unveils Plans To Boost Food Production In 2026

Published

on

The leadership of the All Farmers Association of Nigeria (AFAN) has set the tone for the new year with a renewed focus on food security, unity and long-term growth of the agricultural sector.
The association announced that its General Assembly of Farmers Congress will take place from January 15 to 17, 2026 at the Abuja Chamber of Commerce and Industries, along Lugbe Airport Road, in the Federal Capital Territory.
The gathering is expected to bring together farmers, policymakers, investors and development partners to shape a fresh direction for Nigerian agriculture.
In a New Year address to members and stakeholders, AFAN president, Dr Farouk Rabiu Mudi, said the congress would provide a strategic forum for reviewing past challenges and outlining practical solutions for the future.
He explained that the event would serve as a rallying point for innovation, collaboration and economic renewal within the sector.
Mudi commended farmers across the country for their determination and hard work, despite years of insecurity, climate-related pressures and economic uncertainty.
According to him, their resilience has kept food production alive and positioned agriculture as a stabilising force in the national economy.
He noted that AFAN intends to build on this strength by resetting agribusiness operations to improve productivity and sustainability.
The AFAN leader appealed to government institutions, private investors and development organisations to deepen their engagement with the association.
He stressed the need for collective action to confront persistent issues such as insecurity in farming communities, climate impacts and market instability.
He also urged members to put aside internal disputes and personal interests, encouraging cooperation and shared responsibility in pursuit of national development.
Mudi outlined key priorities that include increasing food output, expanding support for farmers at the grassroots and strengthening local manufacturing through partnerships with both domestic and international investors adding that reducing dependence on imports remains critical to protecting the economy and creating jobs.
He stated that the upcoming congress will feature the launch of AFAN’s twenty-five-year agricultural mechanisation roadmap, alongside the announcement of new partnerships designed to accelerate growth across the value chain.
Participants, he said wi also have opportunities for networking and knowledge exchange aimed at transforming agriculture into a more competitive and technology-driven sector.
As part of its modernisation drive, AFAN is further encouraging members nationwide to enrol for the newly introduced Digital ID Card.
Mudi said the initiative will improve transparency, ensure proper farmer identification and make it easier to access support programmes and services.
Reaffirming the association’s long-term goal, he said the vision of national food sufficiency by 2030 remains achievable if unity and collaboration are sustained.
He expressed optimism that with collective effort, Nigeria’s agricultural sector can overcome its challenges and deliver a more secure and prosperous future.
Lady Usendi
Continue Reading

Trending