Connect with us

Headlines

Aba Geometric Power Plant: Support the Likes of Nnaji, Atiku Tells FG, Congratulates Abia Govt, People

Published

on

By Eric Elezuo
A former Vice President of Nigeria and presidential candidate of the Peoples Democratic Party (PDP) in the 2023 elections, Alhaji Atiku Abubakar, has celebrated the efforts of Prof Barth Nnaji, who spearheaded the establishment of the 188MN Geometric Power Plant in Aba, the government and people of Abia State, for the landmark achievement as the city moves dependency on the national grid to standing on its own, and achieving 24-hour uninterrupted electricity.
On Monday, the 188MW Geometric Power Plant in Aba, Abia State, was commissioned. By this weekend, Aba Power Limited, a subsidiary of Geometric Power, will commence the electricity supply to a section of Enyimba City. It has taken long, two decades in coming. But soon, the much-needed electricity to unleash the full potential of Aba, the industrial and commercial nerve centre of Abia, will surely make up for the long wait.
I congratulate and appreciate the efforts of Prof Barth Nnaji and his team to deliver on this project despite all the (political and) business environment obstacles. His tenacity and demonstration of the ‘can-do spirit’ is exemplary. It is remarkable that the governor of Abia state had stayed the course of the project that he had made an initial contribution to as a private sector person. Equally worthy of congratulation is the enterprising people of Abia.
This significant milestone is important for several reasons. Firstly, it improves people’s access to electricity – thereby improving the overall quality of life in Abia. This is a privilege the people of Abia must be thankful for. As we all know, more than 40% of Nigeria’s 220 million people do not have access to electricity.
Secondly, it is a big boost to businesses. Aba is one of Southeast’s industrial nerve centres. The other is the Nnewi axis. Inadequate power infrastructure is identified as the most problematic factor for doing business in Nigeria. More than 70% of firms in Nigeria use generators.
Thirdly, the project is delivered by the private sector – and an indigenous one to boot! It demonstrates the resilience of the private sector despite all the business environment issues. It also demonstrates the capacity of the local private sector to deliver on such huge and complex projects.
Why does this excite me?
I have all along been concerned that:
1. The Nigerian Electricity Supply Industry (NESI) has over the years suffered from inadequate investments, failure of generation, transmission, and distribution infrastructure.
2. Nigeria’s core infrastructure stock is very low, estimated at 35-40% of GDP, below the international benchmark of 70% and below South Africa 87%, Indonesia 70%, China 76% and India 58%.
3. The finances required to bridge Nigeria’s infrastructure gap are in the region of US$100 billion per annum – over the next 30 years. Nigeria does not have the resources to provide all of its infrastructure needs without sacrificing investments in education, health, and other social services. It should be remembered that Nigeria struggles to budget no more than US$30 billion annually.
For these reasons, I have been an ardent advocate of private sector presence in Nigeria. I have all along advocated for a private sector friendly business environment so we could leverage its enormous resources, including finance, skills, and technology. I doubt if the Abia state government would have been able to execute this mega project with the resources at its disposal.
My policy document outlines how Nigeria could prioritize investments to increase the stock and improve the quality of economic and social infrastructure across the country. We believe that narrowing the enormous gap that exists between the demand and supply of key infrastructure facilities in Nigeria is key to improving the competitiveness of our businesses, opening new economic and entrepreneurial opportunities, and promoting enterprise growth.
To achieve this, we pledged to undertake far-reaching institutional reforms and introduce innovative infrastructure financing models that will be appealing to the private sector to take risks and invest capital.
To this end, we pledged to:
· Facilitate the establishment of a private sector-led Infrastructure Debt Fund (IDF) to mobilize domestic and international private resources for the financing and delivery of large infrastructure projects across all sectors of the economy.
· Establish an “Infrastructure Development Unit” (IDU) in the Presidency, with a coordinating function and a specific mandate of working with the MDAs to fast track and drive the process of infrastructure development in the country.
· Strengthen the capacity of the ICRC to promote Public Private Partnerships (PPP) in the construction and management of infrastructure across the country.
· Broaden the scope of InfraCredit to complement the operation of the IDF by de-risking investments in infrastructure to build investor confidence in taking risks and investing capital.
· Open up the entire power sector from generation to transmission for private investments. Going forward, the goal of every developing country must be to achieve universal access to electricity, ensuring that every citizen benefits from reliable power for daily needs, education, healthcare, and economic activities. This would be in line with the SDG 7 (Sustainable Development Goal 7), which aims to ensure affordable, reliable, sustainable, and modern energy for all. In this wise:
· Nigeria must double efforts to support the likes of Prof Nnaji. Nigerian governments both federal and state must provide the Business environment that will make the private enterprises more competitive by (1) reducing their costs of set-up and operations (2) improving their margins and (3) making government policies more predictable.
· In particular, the authorities must create an environment that will enable distribution companies to recover full costs for power supplied to their consumers with firm commitment to a metering program for all customers. The scourge of electricity theft must be dealt with through a viable partnership between investors in the distribution companies and the government with legislative support for prompt action against electricity theft.
· Attention must be paid to improve access to Credit by enterprises willing to invest in the power sector.
· Government must incentivize the private sector to increase greenfield investments in the development of off-grid solutions to intensify electrification, particularly of rural communities not yet serviced by the grid. -AA
Continue Reading
Advertisement


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Tinubu Jets Out to London for Three Weeks Leave

Published

on

President Bola Tinubu departed Abuja, the nation’s capital on Sunday for Europe to begin a three-week vacation as part of his annual leave.

Presidential spokesperson, Bayo Onanuga, in a release disclosed that Tinubu’s first stop will be London, United Kingdom.

The President is expected to return home after the working vacation to join the hectic campaign for the January 2027 election.

Vice President Kashim Shettima had earlier this month went on two-week leave, his first since the Tinubu government assumed office over three years ago. He has since returned.

Continue Reading

Headlines

Tinubu Seeks AU Action on Xenophobic Attacks in South Africa

Published

on

President Bola Tinubu has raised concerns with the African Union (AU) over repeated xenophobic and Afrophobic attacks against Africans and other foreign nationals in South Africa.

Tinubu urged African leaders to take collective action and include the issue on the agenda of the AU’s 40th Ordinary Session, scheduled for January 2027.

The president’s position was presented by Vice President Kashim Shettima at the 21st Extraordinary Session of the AU Assembly in Luanda, Angola.

Tinubu called on African leaders to renew their commitment to protecting the safety, dignity and rights of all Africans across the continent.

He said: “Nigeria wishes to express its concern over the recurring xenophobic and Afrophobic attacks against Africans and other nationals in South Africa.

“While recognising South Africa’s sovereign right to enforce its immigration laws and acknowledging its contributions to the continent, Nigeria stresses that such attacks undermine African solidarity, unity and peaceful coexistence, and require urgent collective attention.”

He added: “It is on this note that Nigeria calls on this august Assembly to place the matter on the agenda of the upcoming 40th Ordinary Session of the AU Assembly, scheduled for January 2027, for consideration and appropriate action.”

The president also urged the AU to strengthen efforts to tackle xenophobia and Afrophobia across the continent.

He stressed that “dialogue, preventive diplomacy, and collective action remained essential to preserving African unity.”

On Africa’s broader security challenges, Nigeria supported the adoption of the Luanda Action Plan as a way to improve conflict prevention.

Tinubu argued that preventing conflicts would be more sustainable and less expensive than dealing with them after they have started.

“For Nigeria, conflict prevention remains more cost-effective and sustainable than conflict management,” President Tinubu said.

He also warned that separate and uncoordinated peace efforts, as well as growing foreign involvement through military forces, mercenaries and private defence companies, could weaken Africa’s ability to manage its own conflicts.

Tinubu further called on countries that manufacture and export weapons to work more closely with African governments to prevent weapons and ammunition from being diverted to terrorists and other armed groups.

The president said the AU already has strong systems for preventing and resolving conflicts, but limited trust and poor implementation have continued to reduce their effectiveness.

Continue Reading

Headlines

2027: G100 Top Shots for Abuja Monday Meeting

Published

on

Key leaders of Nigeria’s opposition, including former Vice President Atiku Abubakar and former Governor of Anambra State, Peter Obi, are expected to attend the First Summit of Nigeria’s Opposition Political Parties, convened by the G100, on Monday, August 31, 2026, at the Yar’Adua Centre, Abuja.

The summit, under the theme, “A Framework for Opposition Cooperation and Coordination,” will bring together the leadership of six major opposition parties to begin structured negotiations on the terms, institutions and principles upon which they may cooperate ahead of the 2027 general election.

In a statement signed by G100 Convener, Salihu Moh. Lukman, the group said the meeting is not meant to decide presidential candidacy in one sitting, but to establish a formal architecture for transparent and collective negotiations.

“The first question before party leaders is not who leads the ticket. It is what we are, together, prepared to do for this country,” the statement said.

The summit follows the G100’s publication on 2 August 2026 of the Doctrine of a Necessary Democratic Opposition, and weeks of consultations with the African Democratic Congress (ADC), Allied Peoples Movement (APM), Nigeria Democratic Congress (NDC), Peoples Democratic Party (PDP), Peoples Redemption Party (PRP) and Social Democratic Party (SDP).

Those talks produced a shared briefing document that identified areas of convergence while acknowledging the parties’ distinct histories and interests.

“At the centre of the consultations was a common recognition of the need for a credible, organised and competitive democratic opposition, and a willingness to engage the difficult questions that meaningful cooperation ahead of 2027 will require,” Lukman stated.

Among the proposals before the summit is the creation of five specialised Working Groups.

If approved, the groups will have four weeks to develop the principal documents and agreements needed to give institutional form to opposition cooperation.

“Cooperation does not require any party to disappear into another. The first question before party leaders is not who leads the ticket. It is what we are, together, prepared to do for this country.

“The First Summit is not intended to determine, in a single sitting, questions of presidential candidacy or the final form that opposition cooperation may take. Its immediate purpose is more fundamental, to establish and authorise a formal architecture through which those questions can be negotiated collectively, transparently and in good faith.

“Each participating political party is expected to attend with a delegation of leaders and key stakeholders, drawn from its national leadership and other relevant constituencies within the party. These delegations will participate fully in the deliberations of the Summit, ensuring that the process extends beyond the principal party leaders and draws upon a broader representation of political experience, perspectives and interests.

“Among the proposals before the Summit will be the establishment of structures that will facilitate negotiations and cooperation and five specialised Working Groups. Subject to the decisions of the participating parties, these bodies will be mandated to develop, within four weeks, the principal documents and agreements required to give institutional form to opposition cooperation,” the statement added.

Each party is expected to attend with a delegation drawn from its National Working Committee (NWC) and other key constituencies.

Expected participants at the summit are national chairmen and NWC members of ADC, APM, NDC, PDP, PRP, SDP; presidential candidates and running mates of the participating parties; and G100 signatories and members of the Minority Caucus of the House of Representatives.

The G100 said it is convening the summit as a facilitator and observer, not as a substitute for the constitutional authority of the parties.

“The decisions arising from this process will remain the responsibility of the parties themselves,” the statement added.

Continue Reading