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Nigeria: The Changing Governance Story

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By Temitope Ajayi

Tracking many stories of remarkable progress currently taking place in Nigeria can be a challenging task. This is so because these important stories are lost to some who daily indulge in the cacophony of adverse reports. This negative news often dominates the headlines.

With a 24-hour news cycle that tends to focus mainly on distasteful narratives, several Nigerians have been made to accept the view that nothing good is happening in their country.
Those who rely on the mainstream media and social media as the only sources of news and information they consume are the worst hit by the cycle of misinformation that portrays our country as descending rapidly to the edge of the precipice. However, the reality is different: the country is making progress in leaps and bounds.

Late Swedish physician and Professor of International Health at Karolinska Institute, Hans Rosling, his son, Ola Rosling, and daughter-in-law, Anna Rosling, extensively dwell on this subject in “Factfulness: Ten Reasons We’re Wrong About the World – and Why Things Are Better Than You Think,” a book published in 2018. In the book, the authors demonstrate that most people are made to hold the wrong notion about the state of the world because the media project data, analyse trends and select stories to make people assume that things are getting worse around them. The authors assert that a majority of people view the world as poorer, less healthy, and a more dangerous place to live in than it actually is. In other words, many people believe they are living in a worse period in the history of mankind because of misinformation.

The same situation the Roslings describe in their book is at play in Nigeria, where individuals, interest groups, activists, analysts, self-serving politicians, and opposition elements constantly project and amplify negative stories.
It is as if we are in a race with those who can say the most horrible things about our country. Yet, we have an abundance of good stories to tell the world. We seem so numb to the good news that we are dismissive of breakthroughs and innovative trends. For instance, we downplay the significance of Dangote Petroleum Refinery and its possibilities to reflate the economy.

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Many people forgot so soon that we had been importing petroleum products for over three decades because the state-owned refineries are moribund. Our national economy bled, and the country was in a fiscal cul-de-sac for those years as a result of subsidy payments on petroleum products.

Today, however, Nigeria is home to the largest single-train refinery in the world, with the capacity to process 650,000 barrels of crude per day. Cynics do not see this as a breakthrough.

Nigerians who are 60 years old and below started seeing modern rail infrastructure in 2016 when the All Progressives Congress-led administration of former President Muhammadu Buhari commissioned the standard gauge rail system, beginning with the Abuja-Kaduna route, later Lagos-Ibadan and then the Warri-Itakpe.

The national rail modernisation project is progressing with Kano-Katsina-Maradi and Kano-Kaduna standard gauge rail projects at different stages of completion. The contractor working on the rehabilitation of the Port Harcourt-Maiduguri narrow gauge recently announced the completion of the Port Harcourt-Aba section. While the Federal Government is rallying stakeholders to promote economic integration across the country, the Lagos State Government recently launched two metro rail lines -Blue and Red Rail lines – as part of the state’s elaborate master plan to build a modern and efficient megacity. Like Lagos State, there are visible signs of remarkable, quantifiable progress in several other states, including Kaduna, Kano, Akwa-Ibom, Rivers, Kebbi, Borno, Gombe, Oyo, Ekiti and Ogun, among others.

A few weeks ago, the President Bola Tinubu-led administration embarked on the construction of the 700 kilometres Lagos-Calabar Coastal Highway that will connect nine coastal states in another bold move to bolster economic growth further and open up the country to productive economic activities.

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While it may be very easy for critics and other armchair analysts to ignore these developments and their significance to remaking Nigeria, there is no gainsaying that these projects and many more that are ongoing or about to be instituted across critical sectors are the core of President Tinubu’s Renewed Hope Agenda. Indeed, it is hard to process why the so-called critics and cynics can not see the Lagos-Calabar Highway project as a clear demonstration of the President’s commitment to harnessing the potential of our renascent Blue Economy.

Despite what is bandied by the most vociferous critics, a recent policy intervention on the state of the economy by the Independent Media and Policy Initiative (IMPI), a think-tank group, refuted the apocalyptic prognosis of the economic situation of the country by opposition figures, led by former Vice President Atiku Abubakar. The experts at IMPI made brilliant and well-thought-out submissions that repudiated the doomsday prophesy of critics.

Acting true to type, the People’s Democratic Party Presidential candidate in the last election and a few others, including business advocacy groups, derisively heightened tension with their pronouncements on the state of the economy. They framed the country under the leadership of President Tinubu as a hostile business environment, scoring the administration low on business enablement. While politicians, such as Atiku Abubakar, will naturally play politics with everything to score cheap points, some corporate advocacy groups often raise needless alarms, ostensibly to compel the government to do their bidding and usually in manners adverse to the interests of the people.

For example, while private sector advocacy groups, such as the Manufacturers Association of Nigeria (MAN), Lagos Chamber of Commerce and Industry (LCCI) and Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), regularly issue press statements on many businesses shutting their operations in Nigeria, such statements always fail to disclose that new businesses are also springing up in the country.

It is not only in Nigeria that businesses shut down operations. In any case, businesses wind up operations for many reasons that may have nothing to do with the operating environment.
It is a worldwide phenomenon shaped by a variety of factors. For instance, when the Manufacturers Association of Nigeria announced that 767 companies shut down in 2023, the Small Business advocacy group in the United Kingdom announced that 345,000 businesses closed shop in the UK.
The UK Group said: “More businesses closing down than starting up for the first time in 12 years.”

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While it is not good for any business to shut down operations, irrespective of the number of employees, those who project the negative narrative should be nuanced and more balanced in their analyses.

In its submission titled, “In Defence of the Nigerian Economy,’ the Independent Media and Policy Initiative declared: “767 companies that closed down in Nigeria do not in any way come close to the 345,000 closures recorded in the United Kingdom in that same period. Neither can the number be compared to the 460,000 companies that shut down every quarter, that is, every three months, in China, or the 10,655 Micro, Small and Medium Enterprises (MSMEs) shut down in 2022-2023 in India.

“As routinely rendered, we are further informed by the Indian data that there were over 11,000 new firms that started business afresh for every one of the 175 shutdowns in 2022.”

Interestingly, while the announced exit from Nigeria by GSK and Sanofi generated much furore on the social media and mainstream media last year, about the same period the two companies were planning their exit, indigenous pharmaceutical companies, such as Emzor were making new multi-million Dollar investments to expand their production lines in Nigeria.

More balanced news reports on Nigeria in that respect should have also included statistics circulated by the National Agency for Food and Drugs Administration and Control (NAFDAC), which indicated that 105 applications for the construction of drug manufacturing facilities across the country were approved and 35 per cent of the promoters of the approved applications actually completed construction of their factories. Within this period, Emzor Pharmaceuticals Company, owned by Mrs. Stella Okoli, Japanese Multinational Pharma, Otsuka, and over 20 newly registered local drug manufacturers cumulatively, invested over $2 billion to complete their World Health Organisation (WHO)-compliant facilities to produce quality pharmaceuticals and essential drugs for Nigerians.

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In its ranking of Africa’s 100 fastest-growing companies in 2023, the Financial Times (FT) ranked 27 Nigerian businesses on the list.
The FT list, again, validated the strength of the Nigerian economy and its viability as a business destination for investors seeking to make good returns on their investments.

Since he assumed office less than a year ago, President Tinubu has been bullish in addressing the identified problems besetting the investment climate in Nigeria.
The administration has restored global confidence in the monetary policy reforms of the Central Bank of Nigeria (CBN) that have seen the Naira rebound strongly against the Dollar and other convertible currencies, making the Naira the best-performing currency in the world.

On the back of the reforms embarked upon by the fiscal and monetary authorities, the country’s currency gained N900 against the US Dollar within a spate of two months. This is spectacular progress, but to subjective critics, they are unimportant.

On security, the progress being made is noticeable and can be felt in the calmness that has returned to the South-East geopolitical zone. This is where the criminal activities of the outlawed Indigenous People of Biafra (IPOB) group and its Eastern Security Network (ESN) have been brought under control. In the North-West zone and parts of North-Central, most especially Abuja, where there was a surge in banditry and kidnapping, the Nigerian Military and Police have successfully gained control and counterbalanced major threats to the security of lives and property. The National Security Adviser, Malam Nuhu Ribadu, announced on Monday, April 15, 2024, that the security forces had rescued 1,000 Nigerians from their abductors without payment of ransom.
This is evidence of successful security operations across the country. Again, the cynics and inveterate critics will not find such feats interesting to amplify.

In the technology ecosystem, Nigerian startup companies have continued to record big strides. At least 10 Nigerian startups were selected among 40 technology firms listed for the $4 million Black Founders Fund. Google sponsors the Black Founders Fund for Startups (GfS).

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Nigeria continues to lead the pack in tech startups and capital raising in Africa. In the First Quarter (Q1) of 2024, 121 African tech startups, led by Nigeria’s Moove, raised $466 million. Of the total amount raised in Q1 2024 by tech startups on the African continent, Nigerian startups got the lion’s share of $160 million. Nigeria’s startup ecosystem has remained vibrant and a massive centre of innovation and driver of economic growth.

A 2022 report on African Tech Startups Funding by Disrupt Africa also showed that startups from Nigeria accounted for 28.4% of the total funded ventures and received 29.3% of total investments in Africa. The report indicated that 180 startups from Nigeria collectively raised $976 million from the $3.3 billion that flowed into the continent. From the Nigerian tech ecosystem, Andela, Flutterwave, Opay, Jumia, and Interswitch emerged as unicorns out of 7 unicorns in Africa. That each one of these five companies with over $ 1 billion in valuation came out of Nigeria is an affirmation of the progress Nigeria is making in human capital development.

Another interesting twist to this enchanting story is that the majority of the founders of the leading startups came out of the Nigerian school system. They had their education from primary school up to the university level in Nigeria.

The story of Kiakia Bits Limited and Sycamore, two companies managed by innovative and enterprising young Nigerians, illustrates the impact Financial Technology (FinTech) companies are making on the economy as enablers of growth for small businesses. Established in 2016 by Olajide Abiola and his partner, Chiemeziem Anyadike, Kiakia has over 200,000 customers and has advanced credit worth over N20 billion to more than 12,000 small and medium-scale enterprises within eight years. Babatunde Akin-Moses and two of his partners started Sycamore in 2019 after they met during their MBA programme at Pan-Atlantic University (PAU), in Lagos.
Within five years, the company has gained recognition and a reputation as one of the most visible and viable brands in the FinTech space. Sycamore has 140,000 registered customers, out of which over 10% are active.
The value of transactions on Sycamore’s platform in dollar terms is in excess of $30 million. The company has disbursed over N25 billion in credit to various small and medium enterprises. A significant revelation from both Kiakia and Sycamore is the report that 99% of their credit to small and medium-scale enterprises are performing, an indication that the businesses they support are doing well.

Overall, the groundbreaking performance of the Nigerian Exchange (NGX) as, possibly, Africa’s best stock exchange in terms of capital appreciation, the footprints of BUA Group in manufacturing and other consumer goods, the solidity of IHS Towers and MainOne as Africa’s telecoms infrastructure backbones, the disruption caused by Air Peace on the lucrative Lagos-London route, the grandeur of the sprawling Lekki-Deep Sea Port rank highly among countless high-impact business endeavours. And finally, the indomitable spirit of Nigerians epitomises the narrative of progress that all patriotic Nigerians should regularly amplify.

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-Ajayi is Senior Special Assistant to President Tinubu on media and publicity.

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President Tinubu and Baba Adebanjo: A ‘Ringside’ Story

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By Tunde Rahman

Since Afenifere leader Pa Ayo Adebanjo passed away on February 14 at 96, many have praised his significant contributions to Nigeria as a frontline nationalist, a key role player in the politics of the first and second republics, and an uncompromising devotee of the late Chief Obafemi Awolowo.

Active in the First Republic Action Group, the Second Republic Unity Party of Nigeria, and Alliance for Democracy from 1999, Baba Adebanjo fought tirelessly for democracy. He consistently advocated for true federalism and the country’s political and economic restructuring based on the 1963 Republican Constitution.

Pa Adebanjo was also a well-known activist who stood for equity, truth, and justice. He fought against all forms of injustice and oppression including military dictatorship.
In this respect, I recall his relationship with President Bola Tinubu.

When Asiwaju Tinubu, then a founding chieftain of the defunct AD, decided to run for Lagos governorship, Pa Adebanjo fully supported him, championing transparency in the process that produced him as the candidate of his party. Despite the initial opposition within the party, Baba Adebanjo and other young party members opted for open party primaries, helping Tinubu to emerge as the candidate. Tinubu went on to win the governorship election and was inaugurated on May 29, 1999.

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Grateful for the support, Asiwaju maintained a strong relationship with Baba Adebanjo. Even when their political paths diverged, Tinubu held Baba in high regard. The President said this much in his incisive tribute to Pa Adebanjo, which I quote in part thus:
“In moments of national crisis, Baba’s courage shone brightest. When democracy hung in the balance after the annulment of the June 12, 1993 presidential election, he joined the National Democratic Coalition (NADECO) as one of the leading voices against military dictatorship, helping to galvanise a movement that became the bedrock of our collective struggle to reclaim democratic governance.

“His unwavering commitment to truth and justice extended to my journey as a governorship candidate in 1999. Baba Adebanjo’s steadfast support was instrumental in my election as Governor of Lagos State under the platform of the Alliance for Democracy.

“Though our political paths diverged in later years, my respect and admiration for him never wavered. Until his death, I shared a deep personal bond with Baba Adebanjo; he was like a father figure.”

Many in Tinubu’s position might have taken issue with Baba, who sometimes openly criticised him. But not Asíwájú. As an Omoluabi—a person of good character—Tinubu respects elders and institutions, giving honour where it’s due.

How do I know President Tinubu highly regarded Baba Adebanjo? As a journalist and editor, I was well-known to Baba Adebanjo. I interacted with and interviewed him on many occasions during my active years in journalism. So when I became Asiwaju’s Media Adviser, I became the envoy of sorts, the message-bearer for both. Baba Adebanjo would telephone me, saying, “Rahman, Rahman, so fun Oga e pe mo fe ri. To ba wu yin ke wa, to ba wu yin ke ma wa. Tie na la fe so fun,” meaning “Tell your Principal I would like to see him. If he likes, let him honour my invitation. It’s to his benefit if he comes.”

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We visited Baba at his residence in Lekki, Lagos, several times. On other occasions, Baba called at Bourdillon, the Ikoyi residence of Asiwaju, along with his entourage.

There is, however, a hilarious and instructive story about the two, which speaks to the admiration and high regard President Tinubu had for Baba, which essentially is the focus of this article. It was during the 90th birthday of Baba Adebanjo, sometime in April 2018. I remember vividly that that particular birthday fell on a Sunday. But a birthday colloquium came up on a Thursday, three days before the actual birthday. We had lodged in our dairy for Asiwaju, the birthday lecture, as well as other activities and events lined up to celebrate the distinguished elder statesman. While focusing on the birthday date, I forgot the preceding Thursday event at Landmark Event Centre in Victoria Island, Lagos. Luckily for me, around 9am that Thursday, the traditional ruler of Oke-Ila in Osun State, Oba Dokun Abolarin, telephoned me, saying he was in Lagos and asking if Asiwaju was coming for the birthday lecture. Knowing I had failed to alert Asiwaju about the lecture the previous night, I smelled trouble.

I immediately raced to Bourdillion in Ikoyi. When I went upstairs to see Asiwaju, he was reading newspapers, oblivious of any early morning engagement that day, particularly that of Baba Adebanjo. I informed him about the event and apologised that I had my mind set on the birthday date on Sunday. The lecture was slated for 10 am, and time was already 10 am. Asiwaju, livid, sprung to his feet. By this time, my colleague Ademola Oshodi had joined me in Asiwaju’s room. Without any prompting, we prostrated and apologised again.

Those close to President Tinubu know he is a very proficient politician in Yoruba as he is in English, complete with street lingo. Still seething in anger, Asiwaju said in Yoruba, “Hen hen, idobale yin yen ni emi ma te’ bati. Ma de ibi lecture, won a ma so pe mo moo mo pe de ni ki nba le da ijoko won ru,” meaning, “So it’s this your prostrating that will now count. I will get to the event now, and they will allege that I deliberately came late so I can cause a stir and disrupt the lecture.”

Somehow, Asiwaju quickly prepared to attend despite our tight schedule as we were meant to travel to Abuja that same day. We got to the occasion around noon after the program had been on for about two hours. One important personality I could not readily remember was on the podium.
Though we arrived late, Tinubu’s presence stirred excitement, and he delivered a heartfelt speech.

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As President Tinubu predicted, his arrival caused a big stir and a temporary halt in the programme. As we made to leave, another commotion that did not subside even after our departure ensued. I suspect Asíwájú’s departure might have signaled the virtual end of the program.

That was not the end of the story, though. A couple of days later, I heard Uncle Jimi Disu, a known Asiwaju critic, on his regular programme then on Classic FM, talking about Baba Adebanjo’s birthday lecture, alleging that Asíwájú ‘sauntered’ into the programme uninvited and disrupted the birthday lecture of the nonagenarian. I could not believe my ears. I went on that program afterward to debunk what he said. I narrated what happened, that Asiwaju had tremendous respect for Baba and that he would have avoided the kind of situation that played out if I had briefed him of the timing of the programme.

This incident underscores the critical role of aides in supporting leaders to function effectively. Aides must guide them accurately, as their actions and inactions can significantly impact leadership outcomes. An oversight on my part unintentionally fueled what would have resulted in animus between Baba Adebanjo and Tinubu.

-Rahman is Senior Special Assistant to President Tinubu on Media, Publicity and Special Duties.

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Between Japan’s Kaizen philosophy and Nigeria’s National Values Charter

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By Temitope Ajayi

Two days after DeepSeek took the world by surprise, a Financial Times report warned that the West should be worried by how China appears to be leading the Artificial Intelligence race.

Financial Times says the emergence of DeepSeek from the shadows, catching the West unawares, is a strong indication that China has mastered the art of ‘Kaizen’.

I recall that my first encounter with Kaizen, the philosophy that underpins the rise of Japan as the Asian economic powerhouse, is about 10 years now.

Societies like China, Japan, and South Korea that anchor their development models on their culture and value systems continue to break new grounds and are far ahead in innovation and human advancement.

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At the heart of Japan’s success, especially in the manufacturing and service sectors, is the work ethics that are firmly rooted in the Kaizen philosophy. ‘Kaizen’ is a Japanese word that means continuous improvement or change for the better. The quest for excellence and attention to detail have been weaved into the social and moral fabrics of Japanese society as a matter of obligation.

It is this philosophy and social imperative that the Japanese take into product designs and execution. It is, therefore, not surprising that the world sees continuous improvement in every new edition of Japanese products like Toyota automobiles.

The concept of Kaizen became popular in the United States by the 1980s when it was discovered that the performance of Japanese companies was much better than their American counterparts. It became apparent that the difference between Japanese and American companies in terms of effectiveness and operational efficiency was the application of the Kaizen principle.

Kaizen philosophy is similar to the Yoruba Omoluabi ethos. Every major ethnic group and subculture in Nigeria and Africa has its own equivalent of such value systems.

We can only imagine our pace of development and progress as a country if we develop a national value system around the virtues of excellence, honour, and integrity. This means our workmen and women will pursue excellence as second nature in everything. Politicians will embrace public service as a matter of honour, and citizens will accept integrity as an article of faith in undertakings.

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Our society is hemorrhaging as a result of value degradation. It is heartbreaking how badly we have drifted because we neglected our cultural values and practices that served as the guiding principles of society.

It is the responsibility of leaders at all levels to direct society to embrace enduring values that edify and promote human development. I believe we can still recover lost grounds. This is why the efforts being made by the Mallam Lanre Issa-Onilu-led National Orientation Agency to re-ignite a new wave of consciousness through the National Values Charter should be appreciated and promoted. The values charter has already been approved by the Federal Executive Council. President Bola Tinubu is leading this renewed effort to push value re-orientation to the forefront of public policy and national development agenda.

-Ajayi is Senior Special Assistant to President Tinubu on Media and Publicity

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Tinubu’s quest to overcome the power sector gridlock

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By Temitope Ajayi

Angered by the appalling situation of Nigeria’s electricity supply sector over several decades of doing the wrong things by successive governments with no remedy in sight, even after hundreds of billions of public funds had been expended, President Muhammadu Buhari in 2018 chose a different path that had worked in other jurisdictions.

He reached out to the then German Chancellor Angela Merkel to help solve the protracted power gridlock in Nigeria. The discussion between the two leaders gave birth to the FG-Siemens Energy AG Presidential Power Initiative in 2019. Under the terms of the agreement of the Nigerian Electrification Roadmap, Siemens Energy would ramp up electricity generation in Nigeria to 25,000 megawatt in six years, in three phases, from an average of 4000 megawatts the country had been stuck with for decades.

President Buhari was quite bullish about the project such that he put it under the direct supervision of his office with his Chief of Staff, late Abba Kyari, as the directing officer. The former president who didn’t want the project to be derailed by bureaucratic bottlenecks and red-tape made sure all man-made obstacles and deliberate obstructions were bulldozed with Abba Kyari in charge.

The unfortunate demise of Kyari in 2020 arising from Covid-19 while in Germany to get the power project underway rolled back the speedy implementation of what would have been a game-changer in Nigeria’s elusive quest for a stable and reliable power supply. Nigeria’s economy had been blighted by years of poor electricity supply. From available records, Federal Government has spent over $30 billion dollars to revamp the sector in the last three decades without any substantial progress. The economy is run on generators with Nigerians spending a staggering $10billion dollars (N7.6 trillion) annually on petrol and diesel to run their generators including the cost of maintenance, according to a 2024 report, “Beyond Gensets: Advancing the energy transition in Lagos State” published by Sustainable Energy for All (SEforALL).

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True to his campaign promise to build on the achievements of his predecessor across all sectors and improve on governance performance in areas where it is required, President Tinubu, in demonstration of his unshaken believe in continuity of governance, took on the FG-Siemens Power Project as part of his priority projects in the energy sector.

It is necessary to state that this all-important power project had suffered undue delays since July, 29, 2020 when the Federal Executive Council approved the payment of €15.21m and N1.708bn as part of Nigeria’s counterpart funding for the offshore and onshore components of the project.

Managing Director, Siemens Energy Nigeria, Seun Suleiman, was quoted as saying then that, “Siemens Energy is committed to working with the Federal Government of Nigeria through the FGNPowerCo to see a successful implementation of the presidential power initiative. We have successfully carried out a similar project in Egypt.

“This project will transform the energy landscape of the country, and we are grateful the government has entrusted us with this notable initiative. We are capable, and we will deliver excellent results.”

In 2021, FGN Power Company, the Special Purpose Vehicle established by the Federal Government of Nigeria for the implementation of the PPI, announced the commencement of the grid network studies and power simulation training for technical experts in the Discos, TCN, NAPTIN and NERC, including provision of specialized power simulation softwares for TCN, NERC and all Discos. By December 2024, more than 100 experts across the sector have been trained on power systems simulation and network planning with skills to better manage the grid operations at various levels.
In the same year 2021, the Federal Executive Council approved the contract for the supply of 10 mobile substations and 10 power transformers by Siemens Energy for quick reinforcement of the grid as part of the pilot Phase of the project. Reports by FGN Power Company indicate that all the equipment have since been supplied and installed across the country.

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However, the overall pace of the project delivery in terms of meeting timelines has not been impressive.

On assumption of office, President Tinubu saw the need to continue with the project and how timely delivery can transform the power sector for a country that desperately needs a reliable power supply for industrialisation and grow its economy. The status of the project came up at a bilateral meeting between President Tinubu and German Chancellor Olaf Scholz during the latter’s working visit to Nigeria in August 2024 in Abuja. At a follow-up engagement in Dubai in December 2024 during COP28, the Nigerian Government and Siemens Energy AG signed an accelerated performance agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria. The agreement that was signed by Kenny Anuwe, Managing Director/CEO of FGN Power Company and Ms. Nadja Haakansson, Siemens Energy’s Senior Vice President and Managing Director for Africa, was witnessed by President Tinubu and Chancellor Scholz.

Under the accelerated performance agreement, Siemens Energy will see to the end-to-end modernization and expansion of Nigeria’s electric power transmission grid with the full supply, delivery, and installation of Siemens-manufactured equipment.

Furthermore, the agreement will ensure project sustainability and maintenance with full technology transfer and training for Nigerian engineers at the Transmission Company of Nigeria (TCN).

In a major demonstration of President Tinubu’s commitment to the power project and a positive shift towards execution, the President led the Federal Executive Council on December 16, 2024 to approve €161.3 million Euros for the execution of the contracts in the first batch of the Phase one of the projects across the country following earlier approval of the transaction by the Bureau of Public Procurement.

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Addressing journalists after the FEC approval, an enthusiastic Minister of Power, Adebayo Adelabu, with the renewed vigour to deliver on the project said, “at the Federal Executive Council meeting, there were basically two approvals for the Federal Ministry of Power, as I presented. The first was actually an approval for the award of contract for engineering, procurement, construction and financing for the implementation of the 331 32 KV And 132 33 KV substations upgrade under Phase One of the Presidential Initiative, popularly known as the Siemens project consequent upon completion of the pilot phase of this project.

“So, the Federal Executive Council considered it necessary for us to move forward as promised by the President of the Federal Republic of Nigeria at a meeting he held with the President of the Republic of Germany.”

The latest FEC approved scope of work includes upgrade of TCN substations in five locations of Abeokuta (330/132/33kV), Ayede (330/132/33kV), Offa (132/33kV), Onitsha (330/132/33kV) and Sokoto (132/33kV). These substations were carefully selected as Batch 1 of the brownfield scope of the Phase 1 projects to increase the wheeling capacity of the transmission network grid.

In the same vein, FGN Power Company will implement assets upgrade and enhancement in the distribution networks, in collaboration with the Distribution Companies (Discos) to ensure last-mile delivery of the evacuated power to industrial customers and residential consumers. These locations are load centres that are currently underserved and require swift enhancements. The execution of the project will be fast tracked and completed under the President Bola Ahmed Tinubu administration.

It’s important to state that the FGN Power Company has started working on other priority brownfield and Greenfield projects in target load centres across the country. Special attention is also being paid to the execution of systems and products to enhance grid resilience and stability to reduce the frequent occurrences of grid disturbances.

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In December 2024, Minister of Power Adelabu commissioned the mobile substation in Saapade, a suburb of Shagamu in Ogun State. This has enhanced power evacuation and delivery to industrial customers within the Shagamu hub. Similarly, another mobile substation was commissioned at the Ajibode area of the University of Ibadan to enhance power delivery to the university community and adjoining areas. Before then, mobile substations and power transformers have been commissioned and energized in Ajah Lagos, Mando Kano, Jebba Kwara State, Okene Kogi, Amukpe Delta, Potiskum Yobe, Apo Abuja and Ihovbor Edo.

While the implementation of the Presidential Power Initiative is going on, President Tinubu has equally inaugurated the Presidential Metering Initiative, which aims to increase the rate of smart metering of all customers in a commercially sustainable manner. The roll out of the metering solutions has started. It is expected that the combined impact of assets upgrade through Presidential Power Initiative (PPI) and metering through the Presidential Metering Initiative (PMI), coupled with efforts of subnational electricity markets will bring lasting solutions to the challenges of electricity supply in Nigeria.

With President Tinubu’s committed leadership, the parlous state of the power sector will be reversed, and Nigerians and the economy will experience a new lease of life with reliable electricity supply that will geometrically increase productive activities. Indeed, the president’s strategic approach to resolving the multifaceted challenges in the power sector is yielding visible results. The restructuring of the tariff regime, intervention in the commercial imbroglio on gas supply, additional investments in infrastructure through PPI, enactment of the new Electricity Act which provides legal framework for further decentralisation of the sector and devolution of more responsibilities to the subnational governments, are all part of the renewed hope agenda for the power sector to bring sustainable solutions.

-Ajayi is Senior Special Assistant to President Tinubu on Media and Publicity

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