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Reps To Probe $2bn Renewable Energy Investment

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The House of Representatives Committee on Renewable Energy has invited stakeholders to an investigative hearing on the $2bn renewable energy grants and investments in Nigeria.
According to the Committee, the investment has not had a proportional impact on the nation’s energy security challenges.
In July 2024, President Bola Tinubu disclosed at the Africa Natural Resource and Energy Investment Summit in Nigeria that the nation had attracted over $2bn of investment in the sector in the past decade.
“Over the past decade, Nigeria has attracted over $2bn in investment in the renewable energy sector, making it a fast-growing part of the economy. Our commitment is to continue on this path and attract more private sector involvement in the renewable energy space, including manufacturing locally produced solar panels and batteries.
“By encouraging local production of equipment, we can reduce implementation costs, thereby lowering the threshold for electrification,” the President was quoted as saying.
Scheduled for Tuesday and Wednesday, 5 and 6 November 2024, the investigative hearing follows the mandate given to the Committee on 6 June 2024 to investigate Ministries, Departments, and Agencies involved in investments, procurement, and receipt of grants for renewable energy sector development.
In a statement issued on Sunday by the Committee Chairman, Victor Ogene, in Abuja, the probe will cover the period from 2015 to 2024.
The lawmaker said the House was shocked that “Despite the government attracting over $2bn in renewable energy investments in the past decade, as reported by the Rural Electrification Agency in 2023, there has been no noticeable improvement in the sector.
“The House of Representatives was alarmed that the dysfunctional electricity generation and supply system persists, contrary to the objectives behind government investments and grants aimed at developing the renewable energy sector. Hence, the resolution to probe these investments to determine the integrity of the procurement and execution processes.”
He noted that the probe is not a witch-hunt but an exercise to discourage shady dealings and promote transparency and objectivity in managing government or public resources.
The House’s resolutions followed the adoption of a motion titled “Need to Investigate Investments in the Renewable Energy Sector and Foreign Grants Received from 2015 Till Date,” sponsored by the lawmaker representing Oshodi-Isolo II Federal Constituency, Lagos State, Mr Okey-Joe Onuakalusi.
Leading the debate, the lawmaker said the parliament was aware that poor electricity generation, transmission, and distribution pose a significant threat to the nation’s industrial and technological development goals.
According to the lawmakers, successive governments since 2015 have made substantial investments and attracted multimillion-dollar foreign grants for Nigeria’s renewable energy subsector to create a viable and sustainable alternative energy supply.
They noted that in December 2023, the World Bank approved a $750m facility to boost renewable energy in Nigeria, aiming to provide over 17.5 million Nigerians with improved access to electricity through distributed renewable energy solutions.
They also noted that in 2020, the Federal Government launched a $200m renewable energy project, the ‘Nigeria Electrification Project,’ targeted at providing off-grid energy to over 500,000 people across 105,000 households in rural communities, funded by the African Development Bank.
Agencies invited to the public hearing include, but are not limited to, the Rural Electrification Agency, Nigerian National Petroleum Company Limited, Nigerian Content Development and Monitoring Board, Nigerian Sovereign Investment Authority, National Agency for Science and Engineering Infrastructure, and the Ministry of Petroleum Resources.
Also invited are the Country Representative of the European Union, Union Bank Plc (Compliance Department), Ministry of Science, Technology and Innovation, Federal Ministry of Power, Energy Commission of Nigeria, and Federal Ministry of Finance.
Other invited entities include the Niger Delta Power Holding Company, Federal Ministry of Marine and Blue Economy, Federal Ministry of Environment and Ecological Management, Federal Ministry of Petroleum (Gas Resources), Niger Delta Development Commission, United States Agency for International Development, Federal Ministry of Budget and Economic Planning, Federal Ministry of Agriculture and Food Security, Accountant General of the Federation, and Renewable Energy and Energy Efficiency Associations, among others.

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Tinubu Appoints Four Nominees Into NCDMB Governing Council 

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President Bola Tinubu has approved the nomination of four new members to the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB).

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a statement yesterday, said the appointment is to fill existing vacancies and strengthen the board’s capacity.

The statement said the approved nominees are Mr. Olusegun Omosehin of the National Insurance Commission and Engr. Wole Ogunsanya of the Petroleum Technology Association of Nigeria.

Tinubu also endorsed the nomination of Sam Onyechi, who represents the Nigerian Content Consultative Forum and Barrister Owei Oyanbo from the Ministry of Petroleum Resources.

The President encouraged the new members to leverage their expertise and dedication to enhance local content development within Nigeria’s oil and gas industry.

It added, “The nominations arose from the exit of previous institutional representatives from the Governing Council.

“The NCDMB Governing Council, established under Section 69 of the Nigerian Oil and Gas Industry Content Development Act, 2010, comprises representatives from key institutions.

“These include the Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission, the Nigerian National Petroleum Company Limited, the Petroleum Technology Association of Nigeria, the Council for the Regulation of Engineering in Nigeria, the Nigerian Content Consultative Forum, and the National Insurance Commission.”

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NDDC To Construct Hostels, Roads In UNIPORT – Ogbuku

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The Niger Delta Development Commission (NDDC) has announced plans to construct additional hostels, rehabilitate roads, and enhance power supply in the University of Port Harcourt (UNIPORT).

NDDC’s Managing Director, Dr Samuel Ogbuku, disclosed this during a visit to the commission’s headquarters in Port Harcourt, yesterday by a delegation from the UNIPORT’s Governing Council.

Ogbuku stated that the NDDC had committed to upgrading facilities at UNIPORT as part of efforts to foster partnership with educational institutions across the Niger Delta.

According to him, the implementation of additional projects at the university forms part of a broader strategy to improve education standards in the region.

“Aside from the construction of new hostel blocks and installation of a 300 KVA solar inverter system, the NDDC will also facilitate more projects in the university.

“The commission will also deploy its engineers to assess the condition of UNIPORT’s roads and hostels for potential rehabilitation,” he said.

Ogbuku noted that upon completion, the projects would add to various initiatives previously undertaken by the commission at the university.

“These and other projects reflect our commitment to actualising President Bola Tinubu’s Renewed Hope Agenda in the Niger Delta region,” he added.

He reaffirmed the NDDC’s dedication to fostering development and strengthening partnerships across the region.

Earlier, Sen. Mao Ohuanbunwa, Chairman of UNIPORT’s Governing Council, who led the delegation commended the current leadership of the NDDC for its achievements in accelerating development in the Niger Delta.

He highlighted the university’s infrastructural challenges, noting that it lacked adequate facilities to accommodate its growing student population, and appealed for the NDDC’s support in addressing the shortfall.

“Currently, UNIPORT has a total student population of about 50,000, while its hostel accommodation capacity can only cater for 5,000 students.

“We therefore urge the NDDC to assist in the construction of additional hostels, improve transportation facilities, and facilitate the acquisition of gas turbines to enhance power supply for our students,” Ohuanbunwa pleaded.

The Vice Chancellor of UNIPORT, Prof. Owunari Georgewill, commended NDDC for its impactful projects across the Niger Delta and extended an invitation to the commission to participate in the institution’s forthcoming 50th anniversary celebrations.

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Senate Rejects Motion To Rename INEC Headquarters After Humphrey Nwosu 

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The Senate has rejected a motion to rename the Independent National Electoral Commission (INEC) headquarters after the former chairman of the defunct National Electoral Commission, late Prof Humphrey Nwosu.

Nwosu presided over the June 12, 1993, presidential election, which was truncated by the former military President, General Ibrahim Babangida (rtd).

The election which was won by the late business mogul, Chief MKO Abiola, was adjudged to be the freest and fairest in the electoral history of Nigeria.

The motion to rename INEC after Nwosu was re-sponsored by Senator Enyinnaya Abaribe yesterday after lawmakers threw it out last Wednesday.

Abaribe called for posthumous national honours to be conferred on Nwosu in recognition of his role in Nigeria’s democratic evolution.

However, the proposal sparked a heated debate once again, with lawmakers deeply divided over Nwosu’s legacy.

Senator Osita Ngwu acknowledged that Nwosu operated under a military regime, which restricted his ability to announce the results.

He argued that “there was no way he would have announced the results with a gun to his head. That doesn’t change the fact that some of us see him as a hero.”

Senator Austin Akobundu, however, described it as most uncharitable for lawmakers to dismiss Nwosu’s contributions, insisting that he deserved a place in Nigeria’s hall of honour.

On the other hand, several senators like Senator Jimoh Ibrahim dismissed the idea outright, questioning why the Senate should honour someone who failed to announce the results insisting that “nothing should be named after him”.

Senator Cyril Fasuyi argued that history does not reward efforts, but only results.

“As long as he did not announce the result, whether under duress or not, I am against naming INEC headquarters after him,” he submitted.

Also, Senator Sunday Karimi criticised Nwosu for lacking the courage to speak out, while Senator Afolabi Salisu warned that immortalising him would undermine the memory of MKO Abiola, the widely accepted winner of the June 12, 1993, annulled election.

“Any attempt to do anything beyond a one-minute silence is to rubbish Abiola’s legacy,” he tendered.

After intense deliberation, most senators rejected the motion through a voice vote.

They, however, agreed to honour him with a one-minute silence and extend condolences to his family, effectively dismissing the other prayers to immortalise Nwosu.

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