The African Development Bank (AfDB) Group’s Board of Directors has approved a $7.88 million grant from the Sustainable Energy Fund for Africa (SEFA) for the Africa Energy Transition Catalyst (AETC) Programme. The bank, in a statement, said the programme is aimed at increasing renewable energy generation across the continent. The AETC consolidates the bank’s support for the acceleration of a Just Energy Transition (JET) for Africa, defined as a low-carbon transition that is fair, inclusive, creates decent work opportunities and leaves no one behind. According to the bank, the programme works at national and regional levels, by facilitating the large-scale…
Author: Editor
Read More
The United Kingdom (UK) has pledged to support Nigeria through the provision of a £10 million concessional aid on climate action, to boost off-grid clean energy infrastructure. Richard Montgomery, British High Commissioner to Nigeria and UK Permanent Representative to the Economic Community of West African States (ECOWAS), said this at a News Agency of Nigeria (NAN) Forum, on Thursday, June 22, 2023, in Abuja. Montgomery, who featured at the flagship interview platform of the NAN Forum, spoke against the backdrop of UK’s 2022 announcement of concessional aid for Nigeria to scale-up domestic financing for the infrastructure. According to him, King…
President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI) to ease the impact of fuel subsidy removal on Nigerians by reducing energy costs. This transformative initiative is to revolutionise the transportation landscape targeting over 11,500 new CNG-enabled vehicles and 55,000 CNG conversion kits for existing PMS-dependent vehicles. A statement by Ajuri Ngelale, Special Adviser to the President on Media and Publicity, said that the initiative would also encourage in-country manufacturing, local assembly and expansive job creation in line with the presidential directive. The initiative comprises a Comprehensive Adoption Strategy and includes the following: Empowering…
The House of Representatives has urged the Federal Ministries of Power and Petroleum Resources to compel oil and gas producing companies engaged in flaring of gas to convert flared gas to electricity for the benefit of the host communities. The call was sequel to a unanimous adoption of a motion by Rep. Jonathan Ukodhiko (PDP-Delta), at plenary on Tuesday, July 25, 2023. Moving the motion earlier, Ukodhko said that Nigeria is a major gas producer with a large chunk being flared as waste. He said that the flared gas is a major and cheap source of electricity, capable of taking…
President Bola Tinubu has reiterated his administration’s commitment to leveraging on the domestic use, processing and export of Nigeria’s gas resources. According to him, it is the resource that will catalyse the fundamental restructuring of the nation’s economy for expansive growth during his tenure. Tinubu said this on Friday, August 18, 2023, in Abuja when he received the Board and Management of the Nigeria Liquefied Natural Gas (NLNG) Limited at the State House. The NLNG delegation was led by its Chairman, King Edmund Daukuru of Nembe Kingdom, and the NLNG Managing Director, Dr Philip Mshelbila. Tinubu said that all challenges…
President of Nigeria Gas Association (NGA), Akachukwu Nwokedi, has reiterated that gas must be the main driver of Nigeria Energy Transition as many Nigerians do not have access to electricity which is the narrative that should be changed. He stated this while speaking at a panel discussion session during the 2023 annual strategic international conference of the Association of Energy Correspondents of Nigeria (NAEC) in Lagos, with the theme, “Nigeria’s Energy Transition: Enhancing Investment Opportunities & addressing challenges in Energy Sector”. Focusing on energy transition and its opportunities, “it has to be one that has access to energy, affordability, deliberate…
The African Development Bank (AfDB) and its partners are implementing the $20 billion Desert-to-Power initiative to develop 10 GW of solar power across Nigeria and 10 other countries in the Sahel zone. AfDB President, Dr Akinwumi Adesina, said this while speaking on Regional Corridors: “Quest to Integrate Africa” at the ongoing 2023 African Investment Forum (AIF) in Marrakesh, Morocco, on Thursday, November 9. According to him, this includes the Sahel regional transmission lines. He said the bank also supports the development and expansion of regional power pools in collaboration with the African Union Commission and Regional Economic Communities. “Driving our…
Chief Executive Officer, 11 Plc, Mr Adetunji Oyebanji, says the company has commenced exploration of Compressed Natural Gas (CNG) market with the construction of facilities in Ibadan and Lagos respectively. Oyebanji, who disclosed this in an on Thursday, December 28, 2023, in Lagos, said that feat was part of the company’s commitment to intensifying the usage of the product and support for the new administration to further boost the economy. “We have continued to see improvement in all the investments that have been made in the last few years by upgrading the company to higher pedestal. He reiterated that the future of Liquefied Petroleum Gas (LPG),…
The Federal Government of Nigeria has set up an inter-ministerial committee to suggest ways of achieving a sustainable gas supply to gas generating plants in the country. The inter-ministerial committee was constituted in Abuja by the Minister of State, Petroleum Resources (Gas), Mr Ekperikpe Ekpo, and the Minister of Power, Chief Adebayo Adelabu, at the end of a meeting between the two ministries. Ekpo, in a statement on Thursday, February 8, 2024, by Mr Chris Ugwuegbulam, Assistant Director, Press and Public Relations of the ministry, said the committee would address the challenges of low gas supply to Thermal Power Plant Stations…
Nasarawa State Government has begun engagements to develop an Off-Grid Electricity Policy and Action Plan that will ensure the provision of cleaner energy sources in the state. Dr Emmanuel Akabe, the state’s Deputy Governor, declared open a stakeholders’ technical workshop in collaboration with the Nigeria Off-Grid Market Acceleration Programme (NOMAP), to brainstorm towards developing an inclusive plan and policy for the state, on Thursday, February 8, 2024, in Lafia, the state capital. Akabe said that the Gov. Abdullahi Sule administration was committed to improving the energy sector to encourage the establishment of industries in line with its industrialisation agenda. He…