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Northern States Boosting Power with Five Solar Plants

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Solar energy - Investors King
  • Northern States Boosting Power with Five Solar Plants

Governors from the northern states in Nigeria want to tap into the abundant solar radiation-of the region to industrialise and improve the livelihood of their residents. They signed a fresh pact to generate 500 megawatts (MW) of solar energy with globally acclaimed power firm, General Electric (GE). Chineme Okafor writes

Perhaps coming to the understanding that Nigeria’s dependence on fossil fuel power generation was no longer reliable and that the world was also fast pivoting to renewable and clean energy generation modes, governors in Nigeria’s northern states recently hopped on to the moving renewable energy wagon to find solutions to the chronic electricity shortage that has come to define the region and indeed Nigeria.

According to a media statement, the governors under the Northern States Governors’ Forum, recently signed a Memorandum of Understanding with the General Electric International for the construction of five solar plants in some parts of the region.

It’s coming just days after Nigeria formally ratified its commitment to the climate change terms the world drew up and agreed to follow during the Conference of Parties (COP -22) in Marrakech, Morocco. The five solar plants are expected to generate 500 megawatts (MW) of electricity that could help industries and small businesses in the region regain their hitherto lost productivity.

Also, the development follows the recent bold steps of the Federal Government to diversify Nigeria’s energy mix, by having 14 solar farms built majorly in states in the north by solar power promoters who signed power purchase agreements (PPA) with the Nigerian Bulk Electricity Trading Plc (NBET) to build and generate 1125MW of solar power.

The Solar MoU

According to the statement signed by Isa Gusau, the spokesperson of the Borno Governor, Mr. Kashim Shettima, who is also the chairman of the forum, each of the plants is expected to generate 100MW of the 500MW planned electricity output.

The electricity from the solar farms, Gusau said would be used to stimulate economic activities and social services in the states, with special attention given to agricultural food processing, small scale businesses and stable electricity supply to schools and hospitals in the region.

He quoted Shettima to have said at the MoU signing ceremony with GE that, “The 19 Governors of the North jointly created this approach. We want to go beyond lamentation to provide solutions and we all know that power is key to industrial development.”

Shettima further noted: “With power, we can create jobs, stimulate our economies and make life better for our people. The General Electric has over 120-year experience in energy solutions and they have been operating in Nigeria for over 50 years, we cannot have a better partner than GE.”

“We shall do our part as governors, this I will assure you. We are deeply committed to this agreement,” he added at the ceremony which reportedly held in Abuja.

Change of Approach

Just like turning a new leaf, Shettima explained in the statement that the challenges of poverty, unemployment, and poor access to education, poor healthcare amongst other underdevelopment indications were threatening the north, hence the decision of the governors to take a new approach to curb such underdevelopment.

Coming at time when Nigeria may likely go through another round of power supply failures as generation from its largest power plant, Egbin station reportedly crashed to a record low of 172MW on Tuesday, the governors may have perhaps initiated a bold move that could create a positive ripple effect on the business of power generation and supplies in the country.

According to industry data, eight of the nation’s 26 power plants were idle on Tuesday while the nation recorded a total system collapse on Thursday, November 24, the second time it would happen this month and for as many times as possible this year.

Shettima had stated that the governors would no longer complain about the current electricity challenge of the country, but concentrate on finding solutions to the peculiar challenges of the region.

He said power could provide a vehicle for the North to reposition itself for a better future, adding that the Northern Nigeria Global Economic Re-integration Programme, a newly created platform by the forum would coordinate the 500MW solar project, which is also a pilot phase.

The programme would serve as the vehicle for the economic recovery of Northern states through international relations on infrastructure, manufacturing, as well as stimulation of the agricultural value chain and trade.

It would equally seek to make the region a global player in agricultural export in line with the vision of its late Premier, Ahmadu Bello.

Tanimu Kurfi, the former Chief Economic Adviser to late President Umaru Yar’Adua has reportedly been engaged as the Chief Executive Officer of the Programme and would, with his reported wide contact with leading development companies and financial institutions across the world, help nurture and stabilise the plan.

Similarly, the statement noted that both the Senior Executive, Western Europe and Africa for GE, Mr. Pineda, and its President/Chief Executive Officer for Nigeria, Dr. Lazarus Angbazo, in affirming the commitment of the company to the MoU, explained that they would work to realise the project.

Although no details as regard the projects’ costs and execution period was provided by the forum, it was not clear if this was part of GE’s existing commitment to help Nigeria grow her power infrastructure over the next 10 years.

GE in 2009 signed a Country-to-Company (C2C) agreement with the Federal Government to support the financing, design and building of infrastructure and capacity across key sectors of the economy, including rail, power and healthcare.

The agreement was however renewed for another five years, with the pledge to help Nigeria through its partnership with the Ministry of Power, develop up to 10,000MW of power over the next 10 years.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

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Netanyahu

Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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