Business
Lagos Develops Off-Grid Electrification Strategy, Action Plan
By Derrick Bangura
The Lagos State Government, through the Ministry of Energy and Mineral Resources, Monday announced that it had developed the Lagos State Off-Grid Electrification Strategy and Action Plan with support from the British-funded Africa Clean Energy Technical Assistance Facility (ACE-TAF).
The government said the programme, which was being implemented by Tetra Tech International Development and funded by the UK’s Foreign Commonwealth and Development Office (FCDO), was geared towards improvement of the off-grid energy access in Lagos State.
Speaking during the formal handover ceremony in Ikeja, the Commissioner for Energy and Mineral Resources, Engr. Olalere Odusote, explained that the ministry was working to improve energy access in the state. He recalled that in 2021, the government developed the Lagos State Electricity Policy to articulate its vision for creating a viable sub-national electricity sector that catered fully to the needs of its citizens, while also enabling significant socio-economic growth.
Odusote explained that with the emergence of the off-grid solar sector as an important component in achieving access to energy for all in the State, the ministry had developed the Lagos State Off-Grid Electrification Strategy and Plan with the support of ACE-TAF to ensure the implementation of the electricity policy.
Speaking also at the event, ACE-TAF Nigeria Country Manager, Mr. Chibuikem Agbaegbu, said he was delighted to see the collaboration with Lagos State government to improve energy access to Lagosians. Agbaegbu said in 2021, AC-TAF had committed to supporting the state government in improving the environment for off-grid solar. The organisation had done so through its support in the development of the Lagos State Electricity Policy and the Lagos State Off-Grid Electrification Strategy and Action Plan, he said.
Agbaegbu stated that the Off-Grid Electrification Strategy and Plan further underscored the state government’s commitment to clean off-grid electrification, thereby enabling private sector investment in its off-grid electricity market.
Meanwhile, the Lagos State government Monday said its attention had been drawn to a video circulating online showing officials of the Rapid Response Squad (RRS) and the Environmental and Special Offences Unit (Task Force) at Alaba-Rago Market.
The video, according to a statement by the state’s Commissioner for Information and Strategy, Gbenga Omotoso, was accompanied by a voice, which was not that of any official of the two agencies.
The statement added, “The voice is that of a faceless blogger trying to whip up ethnic and political sentiments over the planned relocation of traders for the remodelling of Alaba Rago Market.
“The video is authentic because Commander, RRS, CSP Olayinka Egbeyemi and Chairman, Lagos State Task Force, CSP Shola Jejeloye, were in Alaba Rago last Thursday, to brief the traders on the planned relocation. The traders have 14 days to vacate the area to pave the way for the re-modelling.
“Alaba Rago is occupied by traders from many parts of Nigeria and neighbouring West African countries. Any insinuation towards any ethnic attack is a lie and purveyors of such are mischievous.
“It is a devious attempt to cause trouble among peaceful traders. Such actions should be disregarded. Engagements are ongoing towards a hitch-free temporary relocation of the traders.”
It further pointed out that the planned relocation was part of the Governor Babajide Sanwo-Olu administration’s Urban Renewal Programme.
The statement said, “Lagos State Government and the Federal Ministry of Works and Housing have just demolished market stalls under Apongbon Bridge ahead of the reconstruction of the bridge, which got burnt.
“It is illegal to bring ethnic, religious or political colourations to such an exercise, which is designed to ensure development and better security in our communities.
“The discovery of some locally made shotguns by Ojo Police Division a few weeks ago was part of many other reports that prompted the government to expedite action on the remodelling of this market.
“About 4:00 a.m. on April 3, 2022, officials of RRS intercepted a busload of illicit drugs at Mile 2 en route Mushin. The suspects confessed that the consignments were loaded at night in Alaba Rago.
“The Lagos-Badagry Expressway is an international route. It will be insensitive of the government not to redevelop an unplanned and filthy market, such as Alaba Rago, with many shanties lined up on such an international route.
“Besides, Alaba Rago is directly opposite the Lagos State University, Ojo Campus. Keeping a very busy market like that directly opposite a reputable institution of learning is not right.”
Business
Businesses count losses amid power outage in Bauchi, Gombe, and Jigawa
Business owners in Bauchi, Gombe and Jigawa are recording losses due to week-long blackout ocassioned by vandalism of the power transmission line in parts of northern Nigeria.
The sudden disruption in electricity supply in the past days, also affected essential services such as water, sanitation, street lighting and healthcare delivery as most hospitals have been operating without light.
Some of the affected businesses including shop keepers, millers and artisans, who spoke while reacting to a survey by the News Agency of Nigeria (NAN), described the situation as “pathetic”.
The survey examined the perennial collapse of national grid and the need for alternative power supply in the country.
Rice millers in Gombe had decried the impact of the erratic power supply on their businesses.
A Miller, Musa Arab, at Nassarawo Industrial Layout in Gombe, said the trend was crippling their operations as they relied on electricity supply from the grid to process paddy.
He said the mills were not operational power outage as they could not afford exorbitant pump prices of petrol or diesel to run their machines.
This, he said, reduced the volume of rice supply to the market and posed serious challenge to food security.
“We must invest in power because it is the biggest determining factor for industries to thrive.
“I have over 20 workers in my mill, and we have 100 mini rice mills here, so you can imagine those who have no jobs for the past 10 days.
“Government must go tough on those responsible for the perennial grid collapse because some persons may be benefitting from it,” he said.
Also, Yusuf Ibrahim said the situation might trigger the already fragile inflation, as prices of local varieties would shot up ocassioned by the diminish supply.
He said that some had jerked up their charges to cover the expenses on diesel thereby affecting rice prices.
A check by NAN at the Gombe Main market showed that a 100 kilogramme of rice was sold for between N120,000 and N160,000, as against N110,000 and N150,000, before the blackout.
Mr Usman Sani, a rice dealer, attributed the hike in price to low supply of the produce to the market in spite of the number harvest recorded this cropping season.
He said the prices had decreased slightly at the onset of the harvest, however, it showed sprawling increase due to power outage.
“The price of rice is already dropping as a result of harvest but the trend reverse since the blackout in the past days “ he said.
Ugochukwu Daniel, a bartender in Bauchi, decried the epileptic power supply in the country, adding that lack of durable energy supply would retard Nigeria’s quest to attain social and economic greatness.
Daniel said that she spent much on fuel to run power generator for refrigrator and lightening the beer parlour, to enable her to keep the business running.
He said that businesses could only thrive in an enabling environment with stable electricity supply, to enhance wealth creation and reduce poverty among Nigerians.
“My trade is about chill drinks and it survives on electricity to operate otherwise you will out of bussiness.
“Without electricity there is nothing you can do, and not only business but about everything. We depend on it,” he said.
Similarly, Samuel Adamu, said the persistent power outage had forced him to patronised charcoal for ironing clothes in spite of its high cost and cumbersome processes.
He said that most cleaners in the area had resorted to fabricated iron charcoal in spite of hike in its prices which suddenly jumped from N5,000 to N15,000.
Adamu said the situation also encouraged division of labour in laundry to cut cost and make some gains.
“Presently, I do wash the cloth, and engage someone for ironing. The charge is N300 per set as against N150”.
While advocated development of renewable energies to enhance power supply in the country, Adamu urged security agencies to entensify efforts towards electrical installations in the country.
In the same vein; Mr Muhammad Adamu, Chairman, Jigawa State House Assembly Commitee on Power and Energy, said the Jigawa Electricity Law 2024, made sound provisions to improve power generation and distribution in the state.
This, he said, was an offshoot of the devaluation brought about by the 5th alteration of the constitution, where removed power from the executive legislative list and to the concurrent list.
“It empowered the state houses of assembly to enact laws on power.
“The committee has also carefully pursued the bill and reviewed its structure and the promise it holds for the state power sector, infrastructure and the overall economy of the state.
“The new law will pave way for the establishment of Jigawa Electricity Commission, to regulate the state’s electricity market,” he said.
According to Adamu, the law will protect residents and investors in the energy sector through ensuring prepaid meter installation and possibility of recouping investor’s funds as well as address vandalism.
“The law will lead to provision of reliable, affordable and sustainable power, essential for development of all sectors of the economy, particularly in rural areas,” Adamu said.
“Vandalism will be over because we pay Kano Electricity Distribution Company (KEDCO) money for powered supplies, but whenever there is problem of damages or broken down transformers, it is either the communities or individuals that pay for the repairs”.
Business
Mercedes urges delay of EU tariffs on Chinese electric vehicles
The head of German luxury carmaker Mercedes-Benz, has called for the European Union to de-escalate the dispute with China over tariffs on electric cars.
“We need more free trade instead of new trade barriers.
“That is why it is important to find a solution that suits both the EU and China,” chief executive Ola Källenius told the Monday edition of Bild newspaper.
“The negotiations for this take time. In order not to jeopardise them, the EU should postpone the enforcement of the planned tariffs,’’ he said.
At the start of the month, a majority of EU countries paved the way for additional tariffs of up to 35.3 per cent on battery-powered electric vehicles imported from China.
Germany, however, voted against the measure amid concerns over retaliatory actions which could hurt the country’s giant car industry.
The European Commission had pressed for extra tariffs after an investigation accused Beijing of subsidising domestic electric car manufacturers, and thus distorting the market in the EU.
But whether the import tariffs would actually come into force at the beginning of November is still up to the commission.
The plans can still be dismissed if Brussels reaches a solution with China at the negotiating table.
Business
ACCI moves to promote business connections, balance work-life
The Abuja Chamber of Commerce and Industry (ACCI), is taking innovative steps to enhance professional relationships and promote a healthy work-life balance.
The President of ACCI, Dr Emeka Obegolu, said this in a statement on Tuesday in Abuja.
Obegolu said ACCI was committed to creating environments where professionals could connect beyond the confines of traditional boardrooms.
He said the upcoming “Business Meets Golf’’ Tournament epitomises this vision.
“Scheduled for Oct. 18 to Oct 19 at the IBB Golf Club, the tournament will gather industry leaders, top executives, and key decision-makers for a unique networking experience.
“This two-day event aims not only to strengthen business ties but also to foster partnerships that can drive economic growth.
“The ACCI’s initiative reistates the importance of maintaining a balance between professional achievement and personal well-being.
“By encouraging corporate cultures that prioritise relaxation and self-care, the Chamber acknowledges that such balance is vital for productivity and overall success,” he said.
According to Obegolu, the event will feature a range of activities designed to facilitate both business engagement and relaxation.
“Highlights include a Business-to-Business (B2B) cocktail on the first day, followed by the golf tournament and additional networking opportunities on the second day.
“The tournament will culminate in an awards ceremony recognising outstanding golfers among the participants.
“‘Business Meets Golf’ exemplifies our dedication to fostering innovative networking opportunities.
“We aim to create spaces for meaningful discussions that can lead to impactful collaborations,” Obegolu said.
The ACCI boss said in addition to promoting business connectivity, the council aimed to restate the importance of relaxation and a balanced lifestyle.
Obegolu said through events like this, the Chamber continued to play a pivotal role in supporting trade and industry in Nigeria while driving sustainable growth within the private sector.
He said to raise awareness about this landmark event, ACCI was partnering with the News Agency of Nigeria (NAN) and Media Trust Limited, to ensure broad visibility and engagement from leading brands.
The Abuja Chamber of Commerce and Industry (ACCI), is taking innovative steps to enhance professional relationships and promote a healthy work-life balance.
The President of ACCI, Dr Emeka Obegolu, said this in a statement on Tuesday in Abuja.
Obegolu said ACCI was committed to creating environments where professionals could connect beyond the confines of traditional boardrooms.
He said the upcoming “Business Meets Golf’’ Tournament epitomises this vision.
“Scheduled for Oct. 18 to Oct 19 at the IBB Golf Club, the tournament will gather industry leaders, top executives, and key decision-makers for a unique networking experience.
“This two-day event aims not only to strengthen business ties but also to foster partnerships that can drive economic growth.
“The ACCI’s initiative reistates the importance of maintaining a balance between professional achievement and personal well-being.
“By encouraging corporate cultures that prioritise relaxation and self-care, the Chamber acknowledges that such balance is vital for productivity and overall success,” he said.
According to Obegolu, the event will feature a range of activities designed to facilitate both business engagement and relaxation.
“Highlights include a Business-to-Business (B2B) cocktail on the first day, followed by the golf tournament and additional networking opportunities on the second day.
“The tournament will culminate in an awards ceremony recognising outstanding golfers among the participants.
“‘Business Meets Golf’ exemplifies our dedication to fostering innovative networking opportunities.
“We aim to create spaces for meaningful discussions that can lead to impactful collaborations,” Obegolu said.
The ACCI boss said in addition to promoting business connectivity, the council aimed to restate the importance of relaxation and a balanced lifestyle.
Obegolu said through events like this, the Chamber continued to play a pivotal role in supporting trade and industry in Nigeria while driving sustainable growth within the private sector.
He said to raise awareness about this landmark event, ACCI was partnering with the News Agency of Nigeria (NAN) and Media Trust Limited, to ensure broad visibility and engagement from leading brands.
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