The Federal Government said over 30 million Nigerians are yet to be connected with the national electricity grid.
Minister of Power, Prof. Chinedu Nebo who disclosed this while declaring open, the Nigerian Renewable Energy Private Equity seminar in Abuja, Wednesday, said most of the affected Nigerians are in the rural areas.
Speaking at the seminar organised to sensitise investors, fund managers, policy makers and other stakeholders on the need to support the development of renewable energy, the minister called for more private sector financing to improve electricity supply.
Represented by the Permanent Secretary in the ministry, Amb. Godknows Igali,the minister noted that the training is meant to sensitise and mobilise stakeholders to initiate an equity fund through private sector participation to promote sustainable energy.
Citing the United Nations Report on access to power he said, “there is still a wide gap in power supply. Sadly for us here in Nigeria, we still have about 30 million people that do not have access to power at all.”
“This is the reason the federal government is focusing on Renewable Energy (RE) particularly off-grid solar and small hydros that would not need to depend on the national grid,” Nebo said.
Nebo disclosed further that government is now rounding up on financing process for the 3050mw Mambilla hydro dam and would soon be flagged off by President Goodluck Jonathan.
He said, “there are 264 hydro dams which have not been fully utilised, so in this first quarter, government did a study and is fixing the turbines and other components in 12 of them to increase their generation capacity.”
In his remarks, the Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala said there is a need to supplement mainstream power generation through the harnessing of renewable energy.
Okonjo-Iweala who was represented by Hajia Lare Shuaibu, said that the Nigerian Bulk Electricity Trading Company Plc (NBET) has received proposals and enquiries on developing the vast renewable energy in Nigeria. “Giving the national resources of sunlight, wind, biomass among others, we need to start thinking of how they can be harnessed for the power sector,” she added.
The Chief Executive Officer, Henshaw Capital Partners, Barbara James said in his remarks that business financing through banking lending and capital market lending at a percentage of the GDP is still relatively low, about 20 percent unlike in other advanced countries like Brazil.
Barbara noted that the seminar is to prepare the grounds for an intended development of a Private Equity and Venture Capital where resources would be pooled to develop a sustainable renewable energy for the country.
She stated that private equity is an ecosystem that involves investors, fund managers, entrepreneurs, and the policy makers adding that, “We work with these different groups in the ecosystem to raise their awareness, engage them in pre-investment and post investment activities in the sector.”
In his goodwill message, Chairman of the Senate Committee on Power, Sentor Philip Aduda said despite the vast renewable energy sources, Nigeria still experience acute inadequate power supply.
He maintained that the Renewable Energy section is a new frontier that needs to be developed to boost supply.
“This is a new frontier in the sector, so it needs political will and financiers for this. We must set up codes and standards to create solar power, solar PV among others and this is up to the Nigerian Electricity Regulatory Commission (NERC) to hasten it.”
Meanwhile the Chairman, House Committee on Power, Hon. Patrick Ikhariale said, “I am happy that aside the conventional energy generation, we are now joining other country to talk of renewable energy. As legislators, we have to look at its legal impediments of developing renewable energy which we will continuously give our assurance.”
“If we can fix the power problem, we must have fixed more than 60 to 70 percent of the problem we have in Nigeria. We are going to have more employment, business, increased GDP and an improved FDI,” he added. [Vanguard]
Femi Otedola Reacts To Lekki Tollgate Shooting
Nigerian businessman, Femi Otedola has finally reacted to the shooting that took place at Lekki Tollgate, Lagos on Tuesday.
Information Nigeria recalls men dressed in military wears opened fire on unarmed #EndSARS protesters, who convened at the area.
Otedola took to his Instagram page on Sunday to commiserate with the families of those who lost their lives in the unfortunate incident.
Sharing a photo of the Nigerian flag, he wrote;
“The horrors that have been unfolding in our country have left me filled with sadness. I deeply commiserate with those who have lost their loved ones and as a father, I share the sentiment of my three daughters who protested in Lagos and London. As a young boy of 16, I participated in the ‘Ali Must Go Protest’ of 1978, so I understand the determination of our youths who rightly want our country to be better. We must all do our part to make Nigeria great! I will continue to do my own quota in providing for those who are most in need of support in our country in these tough times .…F.Ote💲”
See his post below:
“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” – Brother Claims
Information Nigeria recalls a graphics designer identified as Oke, was killed hours after tweeting “Nigeria will not kill me” on Wednesday.
It was reported that the young man had passed away after he was hit by a stray bullet.
The deceased’s younger brother, Daniel has come out to clear the air regarding the circumstances leading to his death.
Daniel revealed his brother was stabbed on the neck by thugs who infiltrated and ransacked their home.
In his words;
“Good day, My name is Obi-Enadhuze Daniel younger brother of the now deceased Okechukwu Obi-Enadhuze @O_Okee . I, my brother and mother lived at makinde police barracks, mafoluku, Oshodi, Lagos State.
Today at about 11 o’clock in the morning the police station at makinde was attacked by thugs who wanted to destroy the station, I my mom and brother were holed up in our house.
The attack went on for hours before the thugs eventually breached the police and proceeded to set the station on fire, after accomplishing this they set their sights to the barracks and began the assault, they proceeded to destroy every car in the barracks, my mom’s 2 cars where destroyed and set on fire and then they infiltrated our house by breaking the door they then proceeded to ransack the house and carted away with everything we own.
my brother on trying to get them to take everything but spare us was pushed to my mom’s room and stabbed on the neck, the attacker then proceeded to attack me but missed my neck but got my chin instead, after this my mom and I carried my brothers body to the entrance of the station soliciting for help from the thugs still ravaging the barracks, we were finally able to put him in a wheelbarrow and took him to a hospital where he was rejected because “he was already dead” unfazed we moved him to another hospital where he met the same treatment this was where he bled his last drops of blood and died, his body has now been moved to a morgue
we have lost every single thing we own, as our house was completely ransacked and set on fire the only thing left is my brothers phone and at about 8 o’clock this evening the barracks was still on fire but Okechukwu has paid with the ultimate price
I and my mother are homeless with nothing now but we’re safe for now, we thank everyone that has been able to reach out to us, and were able to share consoling words with us in these trying times, God bless you
While we were holed up in the house the three of us said these words together and we say it again ” THREE OF US ARE HERE, THREE OF US ARE TOGETHER, THREE OF US ARE SAFE”
Let it be known that my brother @O_Okee was NOT killed by a police bullet but died a hero protecting my mother and I.
If you see this please retweet, let the world know how Okechukwu died. He was NOT killed by a police bullet but thugs in his home!”
See his post below:
Youths Burn Down Sanwo-Olu’s Mother’s House In Lagos (VIDEO)
Lagos youths have set the family house of Governor Babajide Sanwo-Olu on fire.
This was after the Governor said that no nobody was killed during the shooting by soldiers at Lekki Toll Gate on Tuesday night.
Sanwo-Olu had debunked claims that the soldiers opened fire and killed some peaceful protesters.
Recall that men of the Nigerian Army reportedly opened fire on protesters following the declaration of 24 hours curfew by the Lagos State Governor, Babajide Sanwolu.
Bullets fired by security operatives hit some persons and at least two persons have been confirmed killed by the police and many injured
Voices in viral footage blamed the shootings on soldiers.
However, the angry youth attacked several important places such as Nigeria Port Authority, TVC News, and the family house of the Governor where his mother resides.
After Governor @jidesanwoolu said the "soldiers shot in the air to disperse the peaceful protesters." And thar their's no fatalities
Lagos youths set Governor's Mother's House on FIRE!! #PRAYFORNIGERIA#EndSARS #Lekkitollgate #LekkiGenocide #EndPoliceBrutalityinNigeraNOW pic.twitter.com/QaOvSHwXdk
— Nwachukwu John Owen (@johnowen99) October 21, 2020
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