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

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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
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Tinubu, Makinde Express Relief at Rescue of Oyo Kidnapped Pupils, Teachers

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Oyo State Governor Seyi Makinde has expressed relief and joy over the release of the abducted schoolchildren and teachers in Oriire Local Government Area.

“It is such a big relief for all of us. Right now, I am overjoyed and can hardly say much,” the governor told Channels Television.

President Bola Tinubu has also expressed delight over the successful rescue of abducted children and teachers, commending the military, the DSS, and the Nigeria Police Force for ending their 56-day captivity.

The President said the security operation led to the arrest of eight suspected abductors while several others were neutralised, describing the outcome as a major relief for the victims, their families and the nation.

In a statement issued on Friday by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu praised the security agencies for what he described as their tireless efforts in securing the victims’ release.

He also sympathised with the children, teachers and their families over the trauma they endured during the prolonged ordeal

The President further commended the Oyo State Government for its cooperation with the Federal Government throughout the rescue operation and urged the state to strengthen security around schools to prevent similar incidents.

President Tinubu also directed emergency response agencies to work with the Oyo State Government to provide the rescued children and teachers with all necessary medical care and relief support as they recover from the ordeal.

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Kidnapped Oyo Pupils, Teachers Rescued

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The schoolchildren and teachers kidnapped by suspected bandits in Oriire Local Government Area of Oyo State have been rescued after about 56 days in captivity.

According to a statement by presidential spokesperson, Bayo Onanuga, the victims were freed through the efforts of security agencies.

“Finally, all the kidnapped pupils and teachers in Oriire, Oyo State, have been rescued by our security agencies,” Onanuga said.

He disclosed that eight members of the kidnapping gang were arrested during the rescue operation and are now in the custody of the Department of State Services (DSS).

Onanuga said the rescue operation did not involve any exchange or concession to the kidnappers, noting that a notorious gang leader whose release had been demanded by the abductors remains in custody and is being prosecuted for his alleged crimes.

He added that security agencies would provide a full account of the operation soon.

“In the course of the rescue operation, eight of the kidnappers were arrested and are now in DSS custody, while some of them were neutralised. There was no quid pro quo in the rescue, as one of the terrorists, a kingpin whose release was demanded by the kidnappers, is being prosecuted for his atrocities. The security agencies will give full account soon,” he added.

In a video shared alongside the statement, a woman believed to be one of the rescued teachers was seen thanking President Bola Tinubu for securing their release. The schoolchildren were also seen eating biscuits and joining the teacher in chanting, “Thank you, sir,” at the end of her remarks.

“Hello sir, our father, we are grateful. Mr President, sir, we are grateful. We understand your commitment to our safety and we appreciate all you did for us. We could see your hand in this. Thank you very much. Every security operative tried so much, and that is why we are still alive today. We are very grateful to you. Thank you very much,” the teacher said.

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Worsening Insecurity: Tinubu Parleys Service Chiefs

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President Bola Ahmed Tinubu, on Thursday, held a closed-door meeting with Nigeria’s Security Chiefs at the Presidential Villa, Abuja, as the Federal government reviewed the worsening security situation across the country.

The meeting focused on a comprehensive assessment of security challenges and developments across various theatres of operation.

Among those in attendance were the National Security Adviser, Nuhu Ribadu; Minister of Defence, Christopher Musa; Chief of Defence Staff, Olufemi Oluyede; Chief of Army Staff, Waidi Shaibu; and Chief of Defence Intelligence, Emmanuel Undiandeye.

Also present were the Director-General of the Department of State Services, Adeola Ajayi; Director-General of the National Intelligence Agency, Mohammed Mohammed; the President’s Special Adviser on Homeland Security, Major General Adeyinka Famadewa (retd.) alongside other security officials.

The meeting came 48 hours after troops of Operation FANSAN YAMMA, supported by the Air Component of the Joint Task Force (North West), foiled what the military described as a major planned terrorist offensive in Zamfara State and Katsina.

According to the military, the operation, carried out on July 7, involved three Nigerian Air Force aircraft that tracked a convoy of about 300 heavily armed terrorists travelling on motorcycles from the Sunke-Kumbo axis towards Gummi before launching precision airstrikes on the convoy.

The outcome of Thursday’s security meeting was not immediately disclosed, but it comes amid growing concerns over persistent attacks by terrorists, bandits, and other armed groups in several parts of the country.

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