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ECOWAS To Reinforce Electricity Market to Solve Energy Problem, Underdevelopment in West Africa

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ECOWAS To Reinforce Electricity Market to Solve Energy Problem, Underdevelopment in West Africa

By: Michael Mike

The Economic Communities Of West African States (ECOWAS) has said it is reinforcing the electricity market in West Africa to boost contractors ability to  buy power to improve energy generation and industrialization of the sub-region.

Speaking at the 7th Edition of the ECOWAS Sustainable Energy Forum (ESEF2022) in Abuja, ECOWAS President, Dr. Omar Touray, who was represented by ECOWAS Commissioner for Infrastructure, Energy and Digitalisation, Sediko Douka,lamented that 50% of Africans have access to electricity, but less than 10% are accessible to those in the rural areas.

He said: “The ECOWAS Commission and its specialised energy Agencies are working tirelessly to address these challenges. Our strategic objective is to integrate the operation of the Community’s national power grids into a unified regional electricity market to ensure a stable, regular, and reliable supply of competitively priced electricity to the citizens of the ECOWAS member States in the medium term. We plan to achieve this objective by promoting and developing power generation and transmission facilities and equipment and coordinating electricity trade among the ECOWAS Member States.”

Touray added that: “It is the reason that we launched the regional electricity market since June 2018 and the ECOWAS Statutory Bodies adopted a Master Plan for the per development of regional power generation and transmission infrastructure 2019-2033 aiming to generate 16000 MW and construct 23000 km interconnection electric lines. It is a portfolio of 75 regional projects amounting 37 billion USD. The generation will promote the utilisation of renewable energy and natural gas, very abundant in our region. 

“The implementation of this Master Plan and the previous ones reaches a result where we have presently 13 countries interconnected; the remaining one country will be interconnected by the end of this year. Also, through the support of our traditional technical and financial partners, the WAPP Information and Coordination Centre (ICC) located in Cotonou, Benin will be operational by the end of this year and will serve as the regional electricity market operator, i.e. a place where stakeholders can sell  and buy electricity by next year the reason.”

He revealed that: “The ECOWAS Commission is also working on improving energy access for the ECOWAS rural population and actively promoting the deployment of off-grid energy solutions, such as clean energy mini-grids and stand-alone technologies.

“To this end, several regional projects are at the stage of implementation within the region. Our objective is to have an access consolidated rate of 70% by 2030.”

He said: “Following the adoption of the regional policies on renewable energy and energy efficiency by the Authority of ECOWAS Heads of State and Government in July 2013, which tasked the Region to achieve ambitious targets by 2020 and 2030, this Forum rightly affords us a significant opportunity as a region and stakeholders to take stock of progress to-date. Indeed, 

Also Read: https://dailypost.ng/2022/10/29/frsc-hails-borno-gov-zulum-for-supporting-command/

“The ECOWAS Renewable Energy Policy, aims to increase the share of renewable energy in the region’s overall electricity mix to 48% in 2030; and the ECOWAS Energy Efficiency Policy, aims to implement measures that free 2000 MW of power generation capacity and in the medium term, more than double the annual improvement in energy efficiency.”

He however lamented that: “To date, only half of the ECOWAS citizens have access to modern energy services; hence they are consistently deprived of the full benefits of electricity for socio-economic development, which, if not addressed, would hinder the Region from achieving its Sustainable Development Goals by 2030. 

He said: “That is why we launched the regional electricity market and will generate over 60,000 megawatts of electricity with over 23,000 distribution points. 

“By next year we will have electricity market where contractors can buy electricity.” He added that: “We are developing a new energy policy for the region that will be operational by June next year.”

The Nigeria’s Vice President, Prof. Yemi  Osinbajo, in his opening remarks, explained that the Nigerian energy transition plan seeks to tackle the twin  renewable energy issues;  climate change and emissions.

Osinbajo, who was represented by Nigeria’s Minister of Power, Engr. Abubakar Aliyu said: “Nigeria’s Energy Transition Plan is a prime example of the needed evolution of policies to deliver both the growth in energy consumption necessary for development and the climate response required for the preservation of our planet. Our Energy Transition Plan seeks to tackle the dual crises of energy poverty and climate change, and deliver universal energy access (SDG7) by 2030 and net-zero by 2060. It is also a bolder articulation of our commitment to sustainability and renewables as earlier proposed in the Electricity Vision 30:30:30, which aims to provide 30GW of electricity by the year 2030 with renewable energy contributing at least 30% to the energy mix. While Nigeria led the charge in becoming the first African country to develop such a detailed Energy Transition Plan, we know the captured ambitions are not unique to us.”

The Nigeria’s VP while commending Regional sustainable energy policies like the ECOWAS Renewable Energy Policy (EREP) and the ECOWAS Energy Efficiency Policy (EEEP), said “recent global events reveal that we have another chance to determine the future of energy development and use within the West African Region, and I firmly believe this forum presents the opportunity to deepen our cooperation within the Region and Africa at large, to speak with one voice for our benefit at a time when energy issues are being renegotiated. As members of the West African community, we must understand our situations, properly identify our challenges, set our developmental goals, and determine the pathway for achieving them in a sustainable manner. This is a crucial time for us to collaborate as neighbours and work interdependently, leveraging on our cooperation and abundant energy resources to secure for ourselves and our children a sustainable energy market for socio-economic development of the Region. Africa must speak with one voice when it comes to energy and West Africa countries must see themselves as neighbours for economic and social and cultural development.”

Osinbajo, who thereafter officially declared open the event, said: “We must increase our investment in renewable energy.”

He noted that: “The importance of energy to human development cannot be over emphasised. Its relevance extends beyond socio-economic development to include security and sovereignty, foreign policy as well as international trade. The economic growth of nations is typically correlated with growth in energy consumption. It is clear that the survival of nations depends on the exploitation and utilisation of energy resources. 

“At the same time, energy in the way it has been historically produced and consumed is a key driver of ecological challenges with important implications for the survival of our planet.”

Osinbajo added that: “The development and use of energy is dynamic and energy policies are therefore continuously changing driven by affordability, efficiency of energy resources, energy security, international cooperation and trade and pressing realities like climate change. Globally, we are committed to limiting the warming of our dear planet by limiting CO2 emissions which largely come from energy consumption. However, this must be achieved alongside rapid development particularly for African nations.”

Also speaking, the Ambassador of Spain to Nigeria and ECOWAS, Juan Ignacio Sell, stated that: “This gathering affords member countries to share ideas and create awareness on our quest to achieve the SDGs in West Africa.”

He however lamented that: “We are failing short of the target we set for renewable and green energy,” insisting that: “Energy poverty and energy security needs to be addressed.”

He said the EU would assist the region in infrastructure and capacity building.

The 7th Edition of the ECOWAS Sustainable Energy Forum (ESEF2022) by the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE in collaboration with the Federal Ministry of Power Nigeria. ECREEE is a specialized agency of the Economic Community of West African States (ECOWAS) with a public mandate to promote sustainable energy markets in the ECOWAS region. The priority activities of the Centre include sustainable policy development, capacity building, knowledge management, advocacy, and investment promotion. ECREEE instituted the ECOWAS Sustainable Energy Forum (ESEF) in 2017 to support the investment and policy initiatives of ECOWAS Member States in the regional sustainable energy sector. ESEF has since become the must-to-attend energy event in West Africa, providing a veritable platform for networking and forging effective partnerships that will accelerate the implementation of priority energy projects and ensure transformative progress towards attaining the ECOWAS region’s sustainable energy objectives.

ECOWAS To Reinforce Electricity Market to Solve Energy Problem, Underdevelopment in West Africa

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Crime

Six terrorists killed as army troops raid terrorists enclaves

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Six terrorists killed as army troops raid terrorists enclaves

By: Zagazola Makama

Troops of the Operation Hadin Kai of the Nigerian Army have killed six fighters of the Islamic State of West African Province (ISWAP) during a raid of a “notorious enclave” in Goniri in Damboa LGA in Borno.

It was gathered that the feat was recorded when the troops of 81 Division Task Force Battalion stormed the terrorists enclave in collaboration with Civilian Joint Task Force on May 9, 2024.

Intelligence sources told Zagazola Makama that the The troops successfully cleared Wulma Mashi and Kodow and destroyed structures of the terrorists. The troops went further to clear Goniri and Kokotuma. Contact was made with the terrorists in a small market before Gorere market.

The troops gundown the six terrorists and destroyed all the structures in the area.

Six terrorists killed as army troops raid terrorists enclaves

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FG Declares Wednesday Holiday to Mark Worker’s Day

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FG Declares Wednesday Holiday to Mark Worker’s Day

By: Michael Mike

The Federal Government has declared Wednesday, 1st May, 2024 as a Public Holiday to commemorate this year’s Workers’ Day Celebration.

The Minister of Interior, Hon. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, reiterated the need for excellence, efficiency and equity in all spheres of labour, re-affirming President Bola Tinubu’s administration’s commitment to fostering a culture of innovation, productivity, and inclusivity in the workplace.

Tunji-Ojo, in a statement signed by the Permanent Secretary in the Ministry of Interior, Dr. Aishetu Gogo Ndayako, said: “In alignment with this year’s theme, which focuses on ensuring safety and health at work in a changing climate, I wish to state that the Federal Government remains steadfast in its resolve to prioritise the safety and well-being of all citizens. Let me reaffirm Mr. President’s commitment to providing a conducive environment for work, where every worker can thrive and contribute meaningfully to national development”.

The Minister, while acknowledging the contribution of workers, called for proactive measures to mitigate adverse effects of climate change through synergy in in the implementation of sustainable practices and policies that promote well-being in the workplace and in building a nation guided by the principles of integrity, diligence and compassion.

Tunji-Ojo also urged Nigerians to remain committed to the present administration’s Renewed Hope Agenda as he wishes workers a happy celebration.

FG Declares Wednesday Holiday to Mark Worker’s Day

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Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

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Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

  • As African countries commit to greater financing, digital access at IDA21 Summit:
  • Resolve to mobilise domestic resources for Africa’s economic transformation

By: Our Reporter

President Bola Ahmed Tinubu declared on Monday that Nigeria is set to harness the potential of its youthful population to transform into a global digital economy powerhouse.

He also hinted at the nation’s plans to become a global hub for outsourcing talent within the digital and creative economy.

This was the submission made by President Tinubu who was represented by Vice President Kashim Shettima at the meeting of African Heads of State and Government on the 21st Replenishment of the International Development Association (IDA21) in Nairobi.

This is just as African Heads of State and Government committed countries on the continent to strengthen implementation capacities, mobilising domestic resources, and partnering effectively with IDA to accelerate the continent’s economic transformation.

President Tinubu also reiterated Nigeria’s plans to build a vast digital market capable of absorbing cutting-edge innovations and technologies, positioning the country as a hub for outsourcing talent in the digital and creative economy spheres.

“Being a young country with a median age of about 18, our interventions in the digital economy have been so extensive that we are no longer boasting of having the most unicorns, but preparing to serve as a global hub for outsourcing talents,” the President stated in his submission titled “The Path to Recovery: Nigeria’s Journey Beyond Sabotage”, which was delivered to the Summit by VP Shettima

President Tinubu informed other African leaders of the sweeping reforms implemented by his administration to curb illicit activities and currency manipulation that had long hindered the nation’s progress.

“Since assuming office, President Tinubu has remained steadfast in fulfilling his promise to end the reign of economic saboteurs who have long exploited and hindered the progress of our nation. I am pleased to report that our economy has escaped the phase of sabotage,” the VP noted.

Alongside the digital transformation agenda, President Tinubu said Nigeria is committed to prioritizing climate resilience and becoming an attractive destination for carbon market investments.

“The tensions resulting from climate-induced disruptions serve as a pressing call to action. The profound impact of climate change on our continent’s security underscores our dedication to transforming innovative concepts from conference discussions into tangible actions. We aim to become an investment-friendly destination for carbon market investments,” the organ was informed.

He expressed Nigeria’s belief that the summit’s communiqué would reflect the collective needs of African and IDA countries, capturing their “nuances, consensus, dreams, and projections.”

President Tinubu listed key priorities for Nigeria’s economic recovery in his administration’s Renewed Hope Agenda, anchored on poverty alleviation, to include economic expansion, job creation, enhanced access to capital, food security, and inclusivity.

He also stressed the importance of regional economic integration through instruments like the African Continental Free Trade Area (AfCFTA) Agreement to dismantle investment barriers and facilitate access to international markets.

“Our path to the future depends on nurturing strategic partnerships with other nations and development organizations. Therefore, we will utilize our absolute and comparative advantages to establish partnerships across borders,” the President said.

Earlier in his opening remarks, the President of Kenya, William Ruto, said the summit was urgent because it was “convened at a critical juncture facing a convergence of global crises which include escalating geopolitical tensions that challenge international unity, a deepening development and debt crisis that threatens our economic stability, and an urgent climate emergency that demands immediate and collective action for our planet’s survival.”

He gave instances of the devastating impact of severe flooding in the East African region which, according to him, has displaced thousands in Nairobi alone, and the vulnerability of the continent to extreme weather patterns, which points to the critical role of the IDA in financing Africa’s development and stability.

“This new normal demands our immediate and united action to safeguard our collective future. This underscores the critical role of IDA for Africa Summit as a cornerstone for financing for Africa. IDA has directed 75% of its total commitment which is nearly $26 billion to Africa in the last fiscal year with African countries comprising 8 of IDA’s top 10 borrowers. This support is not just financial but it’s a lifeline for development and stability,” President Ruto said.

Also speaking, the World Bank President, Ajay Banga, expressed optimism about Africa’s potential, saying “it’s very easy to feel hopeful when we’re together anywhere in Africa,” adding that you feel the infectious energy of young people.”

Banga affirmed the IDA’s commitment to accelerating progress on the continent, vowing to “move with urgency and purpose,” while making the institution more efficient and impactful.

“We stand at the crossroads of a new era of growth and prosperity for Africa,” he said.

At the end of the Summit, African Heads of State and Government adopted a joint communique committing countries on the continent to accelerate the continent’s economic transformation by strengthening implementation capacities, mobilising domestic resources, and partnering effectively with IDA.

They also called for an ambitious replenishment of the International Development Association (IDA) to support the continent’s development goals.

The Nairobi Communique described IDA as Africa’s largest source of concessional financing, outlining priorities for IDA21 to include building human capital, creating jobs, boosting energy and digital access, enhancing resilience to climate change and fragility, and promoting inclusive growth policies.

Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

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