Business
Towards Efficient Power Supply In Rivers
The Rivers State Governor,
Chief Ezenwo Nyesom Wike in his maiden address during his inauguration on May 29, 2015 reeled out his action plan, among which was to enhance the Rivers people’s prosperity through power supply and energy security. He promised to ensure the completion of on-going electrification projects.
According to him, as an initial step towards tackling the challenges of irregular power supply before making fresh investments, “we will conduct a forensic audit to find out the reasons behind the failure of the state to reap maximally from the huge investments already committed to the power sector by the immediate past administration. We will also review all issues relating to the secret privatisation and or sale of the government investments in power and other related projects without due process”.
Without wasting time, the governor has set up a Judicial Panel of Inquiry to probe the alleged sales of four Gas Turbine Generating Stations. They are Trans-Amadi (Port Harcourt) Station – 3x20mw solar GT, Omoku (ONELGA) Gas Turbine – 3x20mw solar GT, Eleme (ELGA) Gas Turbine – 1x20mw (G.E. Engines) and Afam Gas Turbine Station.
These were projects initiated and completed through the former Governors Peter Odili and Governor Amaechi’s administration’s then decision to embark on an extensive construction of the State Power Grid System (450mw) projected over 10 years period to feed all the 23 local government areas in the state.
There were also two others – Soku (AKULGA) Station 2x10mw and Bonny (OLGA) Station – 2x10mw involved in the scheme as a reintegration into the new grid system.
The Rivers State government Policy Strategy for the development of power infrastructure is structured to achieve economic empowerment of its citizenry and to raise the living standards of the people through the establishment of sustainable industrial base grassroots programme. This actually informed Governor Odili to initiate the gas turbine projects. Now, Governor Wike irked by the present scenario in the power sector of the state has decided to find out the root cause of the incessant epileptic power supply in the state.
Some people have misconstrued Governor Wike’s intention as an action to witch hunt the immediate past governor Chibuike Rotimi Amaechi while some view it as a cheap way of gaining or currying the favour of Rivers people.
Whichever way anyone might think about the probe into the alleged sales of the four gas turbine plants, the decision of Governor Wike is in the right direction and in the good interest of the entire state and the people.
In the advanced countries of the world, energy availability is highly prized so much so that living standard is a measure of the National Energy Index or industrial development. Some schools of thought believed that Africa’s under-development was initiated by Europe during the heinous slave trade that was alien. But today in several countries, under development has become a trademark in transitional societies.
Development is a function of growth and change in the economic, political and social institutions just as a positive change in the people’s lives gives eloquence to dismal economic and social deprivation. Rivers people have suffered for decades despite the lavish generosity God has bestowed on the state, hence every leader of the state must strive to put in place a programme of infrastructural development designed to raise the moral tone of a people whose poverty profile ranks the worst in the midst of plenty in the whole world.
Rivers people deserve an aggressive rural and urban electrification programme, economic empowerment / poverty alleviation, among others that need to be factored on both short and long terms.
Electrification by means of Isolated Diesel Generating Stations as a stop-gap should be a measure for short-term relief while long-term programme should embrace a two-system generation and supply such as electrification by means of direct inter-connection to National grid and gas turbine power plant / grid system.
The Odili administration had put both long and short-term objectives for electricity supply for the state to achieve reliable power supply to rural communities.
It has also provided standby power plant to boost existing state government development programmes / efforts in the rural areas, establish a sustainable industrial base in the rural areas as well as build a bridge to link government and the rural population by creating development impacts and economic empowerment of the rural dwellers.
One would think that this is in line with the present administration’s plan to develop more urban towns from Ahoada, Bori and Degema. It is our belief that adequate supply of reasonably prized energy is an essential ingredient for meeting the basic needs of society, stimulating and supporting economic growth as an index of industrialisation. The Wike administration as we can see, has taken electrification as a major policy focus and the thinking now is the urgent need to establish a sustainable industrial base in the rural areas of the state to arrest the rural-urban drift syndrome and provide a catalyst for industrial growth of small and medium scale industries. Such policy drive will provide a conducive atmosphere for employment generation and poverty alleviation at the grassroots.
Government should be faithful in the implementation of its development policies, especially as it concerns electrification projects conceived as prime movers with multiplier effects in various catchment areas of the state. The rise in power consumption has assumed a progressive surge since the end of the Nigerian civil war in 1970 and the national grid has become weak and fragile to cope with the insatiable power demands, so there is the need to revolutionise the concept of gas turbine power plant application as an alternative power generation system to the wailing and dwindling national grid now in the control or hands of private power distributors.
The Rivers State government, beginning from the Odili’s administration to Amaechi’s regime has spent billions of Naira to acquire, install and operate four gas turbine power generating plants but the power supply situation has not witnessed or produced any positive result. It is important that before this administration continues to invest in power supply, it should find out the actual cause of the problems and factors militating against power generation and distribution in the state. These problems underscore the necessity for the on-going probe so as to know the way forward in the state’s power sector. Governor Wike’s decision is in order.
The reason for the probe is not far-fetched because we don’t have to remain stagnant and expect things to normalise without certain decisions backed with actions.
More than 75 per cent of the power transmission / distribution infrastructure on the national grid in the state were constructed and funded by the Rivers State government without any refunds from the federal government or the agencies concerned after commissioning. In adding, other payments have been disbursed to the power agencies for supply / installation of distribution transformers but all these efforts have yielded no satisfactory result.
Rivers State is playing host to a number of strategic and heavy power consuming industries with already congested radial feeder which is grossly inadequate to meet the ever-rising power demands in the state, so it has become expedient if not compelling that the Federal Government commences work on the construction of more transmission infrastructure to improve power flow into Rivers State. The Rivers State Government in collaboration with oil companies in the state such as Shell Petroleum Development Company (SPDC), Agip, Total and others should work out ways of providing constant power to the rural communities through gas turbine plants.
Investments in gas turbine power generating electrification scheme is a profitable venture, not in terms of cash returns, but will continue to attract favourable consideration as a reliable power plant in the state. The operation of gas turbine as a power plant permits wider flexibility in fuel application, improves system stability under designed load and holds good hope for low capital investments per megawatt output in the long-term. It is understood that major electricity generation / supply industry activities are replete with difficult problems and sometimes unpredictable failures requiring immediate remedial actions to address the incipient faults through efficient maintenance of all power system plants and equipment. This requires the total commitment of government in training skilled manpower and staff mobility as well as handling the challenges in equipment and gas delivery.
Attention must be given to poor maintenance culture and power equipment replacement policy caused by the former administration. There is no gainsaying that one of the most effective means of power generation in the world today is through the use of gas turbine engine, but it is capital intensive and very expensive to maintain.
Therefore, one sure way of sustaining the present Rivers State government-owned gas turbine projects is through a well-articulated revenue generation system.
Gas turbine engines are made to function non-stop for about 30,000 hours (4 years) before it is due for major servicing. So, by implication, consumers are expected to have an uninterrupted power supply for four years. This makes it mandatory for beneficiaries of the project to pay the required revenue in order to ensure sustainability of the project.
Certainly, consumers would be pleased to pay when they begin to enjoy steady power supply. By doing that, the state government has to enact a legislation for power generation, transmission and use in the state. This will ensure uninterrupted power supply in Rivers State just like in the advanced countries.
Shedie Okpara
Business
MoneyPoint Empowers Pharmacists With Payment Solutions
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
Business
Embrace AI, CIIN Urges Insurance Operators
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
Business
NASRDA Reassures On Strengthening Nigeria’s Space Capability
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter