Business
Solar, Not Major Source of Power – Minister
Laner Babalola, Minister of Power has revealed that the government was not seriously looking at solar as a major source of power supply; “solar provides an insignificant portion of the power needs of countries and would not be explored as a major power option in Nigeria”, Babalola said. According to the minister, the landmass required for solar power generation, the cost involved and the quality of light produced are major challenges.
Solar panels are best for the few houses surrounding each, solar light is not as efficient as other sources of light, solar is not very bright for mass use. Moreover, the equipment needed to trap the light are not everlasting. In the places where we have seen solar in use across the world, they are not a major solution to power supply”, he stated. In this place, he continued solar provides an insignificant one percent of total power requirement. To generate 2000MW of electricity from solar, you need a landmass of about 65 square kilometers, twice the size of Abuja to install panels, landmass is a major issue in solar power generation.
The minister was speaking while being conducted round the facilities of the Guregu power plant, Kogi State.
The Guregu power plant, Kogi State is plagued with gas supply crisis which could further undermine the government’s 600mw power generation target.
The government, according to the minister has given the managers of the stations up to this year end to solve its gas supply issue once and for all, stressing that government would no longer sit back and allow its power plants rot away because of gas supply crisis.
The minister advised that they should start looking at the gas issue from a different perspective, adding that the target should aim at sorting out the gas issue and get the plant to perform to full capacity. “If you don’t have a good framework in place, Geregu would just be a wasting asset. Get this done between now and December, if there is anything that we in Abuja need to do, please let us know quickly”, he remarked.
It would be recalled that the construction of Geregu 414mw gas turbine plants comprising a total of 3X 138mw simple cycle siemens V94.2 gas turbine units was completed in 2006, commissioned in February 2007 and went into operation in June 2007.
Gas has remained an issue with the station, which has hardly produced above 100mw since inception.
According to Mr. Monima Stanley-Idum, Head of Station at Geregu power station, all the three units are available but due mainly to gas supply constraints present generation is limited to serving an Island part of Kogi, Ondo, Delta and Edo States for one unit with a maximum load of 100MW, utilising an average of 25 million standard cubic feet per day. The gas supply for the 114mw capacity of the plant is put at 105 million standard cubic feet per day. He assured however, that the three units will contribute a minimum of 350mw towards the 6000mw target in December, were we are tied to the national grid. The challenges we face in spite of our 100 per cent availability are the issues of grid stability, commensurate with the design of the plant to utilise the maximum capacity of the plant and shortage in gas supply coupled with inadequate staff housing. Another issue plaguing the plant, it was gathered is the inability of government to upgrade the 30MVA transmission station at Ajaokuta to 60MVA to aid transmission of power generation from the plant.
On the current power generation, Babalola stressed that 3500mw was currently being generated, transmitted and distributed. He assured that the system would ensure that 6000MW of electricity exist and is available by the end of December 2009.
Business
USTR Criticises Nigeria’s Import Ban On Agriculture, Others
The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.
Business
Expert Seeks Cooperative-Driven Investments In Agriculture
A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.
Business
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.
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