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Minister of Power seeks increased investments in electricity industry

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Minister of Power seeks increased investments in electricity industry

The Minister of Power, Mr Abubakar Aliyu, on Tuesday, urged investors to tap into the numerous investment opportunities that abound in Nigeria’s Electricity Supply Industry (NESI).

This is contained in a statement by Mr Odutayo Oluseyi, Assistant Director, Information/Press, Ministry of Power issued in Abuja.

Aliyu was quoted to have said this at the 2-day Nigeria-India business forum.

He said that with the commitment made by President Muhammadu Buhari, at the Conference of Parties’ 26th Annual Summit (COP26) in Glasgow, where Nigeria planned to achieve Net Zero Carbon Emission by 2060.

The minister said structures were being put in place to increase the opportunity for investment in Gas-to-Power and other gas-related opportunities.

“The efforts by the government are paying off and will eventually eliminate the issues of gas constraints along the gas network.

“We are putting in all these efforts to ensure that timely Return on Investments (ROI) is realised.

” Let me emphasise that the NESI is young with many investment opportunities, ‘’he said.

The minister said that the power sector, like most other sectors, had suffered many years of neglect resulting in the sorry state of its infrastructure.

According to him, several efforts had been made to create an enabling environment under the Buhari-led administration.

He said that the administration had done this by retooling policies, initiating of programmes that are geared towards attracting the right investment and boosting investor confidence.

Speaking on the Nigeria-India Business Forum, he said that it was a strategic platform that has the possibility of showcasing the investment opportunities in the Nigerian Power Sector.

“With the outlook of increasing energy demand in Nigeria, it is imperative that the government take a forward-looking approach towards building future energy sources that are secure, sustainable, affordable and reliable,’’ he said.

Inaugurating the forum, Vice-President, Prof. Yemi Osibanjo, encouraged entrepreneurs to take advantage of the huge investment opportunities in various sectors of the economy in Nigeria.

Represented by the Minister of Mines and Steel Development, Olamilekan Adegbite, he expressed optimism that the forum would solidify the existing business relationship between Nigeria and India with mutual benefits to both countries.

The News Agency of Nigeria reports that Aliyu was among the dignitaries honoured by the forum in appreciation of his unwavering support and unrelenting guidance towards the success of the forum.

The forum had in attendance various investors and would-be investors from Nigeria and India, members of the Diplomatic corps of both countries, the military and various stakeholders, among others.

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FRSC warns truck drivers against speeding, reckless driving

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Mr Joshua Ibitomi, the Area Commander of Federal Road Safety Corps (FRSC),
Ibeju-Lekki, Epe Division, Lagos State, has warned truck drivers against speeding and reckless driving.

He gave the warning in an interview with the News Agency of Nigeria (NAN) in Ibeju-Lekki on Tuesday.

The FRSC official, who blamed speeding on the ghastly vehicle accident that occurred at Aiyetoro market in Epe
which claimed several lives and left some injured, said that with careful driving, such accident could be avoided.

He added that “the accident was as a result of speeding, reckless driving and loading of truck beyond its capacity.

“All these are factors responsible for accident when drivers are not conscious of the driving rules.

“Vehicle can develop technical fault at any time, therefore, speed limit and caution need to be applied while driving.”

He said FRSC had been sensitising drivers on the need to install speed limit device and be road conscious while driving, in line with the mandate to instill decent use of road.

Ibitomi also advised passers-by and the public to be safety conscious while walking on roadsides to avoid falling victim of accidents.

He attributed major road crashes on roads to speed limit violation, urging drivers to respect the sanctity of human life by obeying traffic rules.

He added that the FRSC had evolved measures to ensure accident-free yuletide and new year festivities in 2024

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Trump Victory Sparks Celebration in Florida, Disappointment for Harris Supporters

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Trump Victory Sparks Celebration in Florida, Disappointment for Harris Supporters

Jubilant supporters celebrated Donald Trump’s apparent victory in Florida early Wednesday as he claimed a return to the White House, despite most major news networks holding off on officially calling the race.

At an event in Palm Beach, Trump supporters reveled in the win projected by Fox News, cheering as the former president declared a “political victory that our country has never seen before.”

“I feel extraordinary,” said 68-year-old supporter Ted Sarvanis, dancing with arms in the air. “This is the greatest American political story in the history of the country.”

Joined by running mate J.D. Vance, Trump took the stage, celebrating his projected win. The atmosphere at the convention center was electric, with supporters sporting “Make America Great Again” caps and mingling in formal attire and Trump-themed clothing.

“I feel relieved. I was a little bit scared because you never know how things are going to turn out,” said Stacy Kurtz, 45.

In contrast, a far different scene unfolded for Vice President Kamala Harris’s supporters at Howard University in Washington, where they were hoping for a Democratic win.

As the night wore on and Trump gained electoral votes in key battleground states, disappointment swept through the crowd.

“I am scared, I am anxious now,” said Charlyn Anderson earlier in the evening.

Democratic watch parties in places like Atlanta and Pennsylvania grew somber as results rolled in, with Lynn Johnson, 65, expressing concern, “It’s going to be dangerous if he wins. I don’t feel safe.”

While Trump’s supporters celebrated a comeback, the mood among Democrats was marked by worry and disbelief.

“He’s a terrible candidate, so it just doesn’t make sense,” said Harris supporter Ken Brown.

The contrasting scenes highlighted the nation’s deep political divide on election night.

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Tinubu Congratulates Trump on Historic Re-Election, Eyes Stronger U.S.-Nigeria Ties

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Tinubu Congratulates Trump on Historic Re-Election, Eyes Stronger U.S.-Nigeria Ties

President Bola Tinubu has extended warm congratulations to President Donald Trump on his re-election as the 47th President of the United States, expressing optimism for stronger ties between Nigeria and the U.S. in an era of global challenges.

The congratulatory message, issued by Tinubu’s Special Adviser on Information & Strategy, Bayo Onanuga, emphasises the Nigerian leader’s hopes for a renewed partnership between the two nations.

Following his victory on Wednesday, Trump pledged to “heal” the country, marking a stunning political comeback as he edged past Kamala Harris in a closely contested election.

Tinubu, in his message, affirmed, “Together, we can foster economic cooperation, promote peace, and address global challenges that affect our citizens.”

Tinubu highlighted that Trump’s return to the White House reflects the trust and confidence of the American people in his leadership, praising their commitment to democracy.

Given Trump’s experience from 2017 to 2021 as the 45th President, Tinubu foresees a new era of “earnest, beneficial, and reciprocal economic and development partnerships between Africa and the United States.”

The Nigerian President also expressed confidence that Trump’s leadership will contribute to peace and prosperity worldwide, acknowledging America’s significant influence on global affairs.

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