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Despite Difficult Times, Fund is Made Available for Energy Transition, Says Bagudu
Despite Difficult Times, Fund is Made Available for Energy Transition, Says Bagudu
By: Michael Mike
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu has said despite the difficult economic times, the federal government has ensured that fund is made available for the nation’s energy transition programme.
Speaking at a conversation: “Unlocking Climate Finance: Actionable Pathways for Nigeria’s Low Net Emissions Growth,” organised by the Africa Policy Research Institute (APRI) and Enzi Ijayo Africa Initiative, in Abuja on Monday, the Minister who was represented by Special Assistant,
Bolaji Onalaja, said: “There is no understatement of the importance of Climate action for all governments. It is particularly important for Nigeria given that the country has significantly suffered from the effects of climate change, from desertification in the Lake Chad Basin, which has led to migration of herders southwards and has contributed to banditry and clashes with farmers; to the degradation of mangrove forests; and to the frequent floods that have had a devastating impact on livelihoods across the country.”
He noted that “there is a need to raise financing to fund the energy transition, but at the same time as we face a challenging fiscal environment and other short term priorities (including ramping up oil and gas production, and taming inflation, it can sometimes be difficult to prioritize the mainstreaming of climate action but this administration led by President Bola Ahmed Tinubu has been consistent and has even included in the 2024 budget the inclusion of an energy transition fund and the implementation of the Presidential CNG initiative.”
In his opening remarks, the Executive Director, APRI, Olumide Abimbola said: “We know that climate change is already inflicting immense damage on lives and livelihoods, often to the people who have the least capacity to adapt to its effects such as in Africa. In the six years between 2012 and 2018, extreme weather events in the form of floods and droughts cost Nigeria over 31 billion dollars.”
Abimbola said: “We also know that over the past years, the position of African countries has largely been shaped by the Global North. There is an increasing need for Africans to shape and chart the continent’s climate transition pathways in line with local climate and socio-economic realities, as well as development priorities. Here, African countries such as Nigeria have a leading role to play.
“Nigeria is the most populous African country, the country with the youngest African population, the largest petroleum production, and one of the largest economies on the continent. What Nigeria does, can do, or plans to do, especially around financing, is of immense consequence for the continent.
“The global realities of climate change mean that the landscape for finance and global geopolitics is changing significantly. As climate and ESG considerations become increasingly important in accessing finance from the Global North, plans that do not have climate action in view are finding it more difficult to attract financing.
“This is leading to a significant decline in new investment in fossil fuels, for example, with investments into energy financing of any kind increasingly being based on climate considerations. For Nigeria, navigating between weaning itself off fossil fuel dependence and accelerating renewable energy investments is of extreme importance.”
He noted that: “In the last year, Nigeria received about two billion dollars in climate financing, a small fraction of the need, even in the energy sector alone,” adding that “increasing flows will not come from simply articulating our vision for climate action or making bold statements of intent. They will only come when we begin to internally reflect and shape what climate transition, especially a just transition, means to us – and when we begin to implement reform initiatives directed at clearly demonstrating that our plans are fact-based and rooted in the realities of our political economy.”
He said: “For us to do this, we need to reflect internally and evaluate actionable pathways for Nigeria’s Low Net Emissions Growth. Pathways that do not compromise on our development priorities, and that also incorporate resilience in the realities of foreseeable climate impacts.”
He said: “We need to ask ourselves critical questions such as: Is Nigeria doing the right thing in the right way or are we just dangling the prospect of billions of dollars of climate finance in the offing? Should Nigeria be looking to design more flexible short-, medium- and long-term strategies that will be fit for purpose? How should Nigeria be maintaining a balance between adaptation and mitigation? Should the focus be more on consumer-led promotion of technology products, rather than top-down, policy-driven prescriptions?”
Despite Difficult Times, Fund is Made Available for Energy Transition, Says Bagudu
NDLEA intercepts cocaine in Saudi-bound religious books
By: Michael Mike
Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a shipment of cocaine concealed in 20 sets of religious books going to Saudi Arabia.
The spokesman of the anti-narcotics agency, Femi Babafemi in a statement on Sunday said the cocaine consignment consisting of 20 parcels with a total weight of 500 grammes and buried in the pages of the religious books was uncovered at a courier company in Lagos last Tuesday when NDLEA officers of the Directorate of Operations and General Investigation (DOGI) were searching through export cargos going to Saudi Arabia at the logistics firm.
Babafemi said at another courier company same day, NDLEA officers intercepted five parcels of Loud, a strong strain of cannabis weighing 2.8 kilogrammes hidden in a carton coming from the United States of America.
In Kano, a 22-year-old alleged supplier of illicit substances to bandits, Muhammad Mohammed, has been arrested by NDLEA operatives on patrol along Bichi – Kano road while heading to Katsina with 277 ampoules of pentazocine injection tied to his thigh and private part with Sellotape.
He was intercepted on Sunday 13th April, while another suspect, Mohammed Abdulrahman Abdulaziz, 43, was nabbed same day at Research Rimin Kebe area of Nasarawa, Kano with 68 blocks of skunk, a strain of cannabis, weighing 30 kilogrammes.
He said not less than 557.2 kilogrammes of skunk, 5.6 kilogrammes of methamphetamine and 29.8 grammes of heroin were recovered from a house along Major General Isaiah Alllison Street, Opolo, Yenagoa, Bayelsa state where four suspects were arrested when NDLEA operatives raided the premises last Wednesday
Babafemi said the four suspects arrested during the raid include: Sarimiye Suwa, 46; Roland Prosper, 34; Sarimiye Tare, 45; and Fidelis Ugbesla, 46, while a total of 1,100 kilogrammes of skunk were recovered from a delivery van with the driver, Ismail Abdullahi arrested in Surulere area of Lagos last Thursday.
In Kaduna, NDLEA operatives last Friday raided the hideout of a suspect, Ike Ani, 30, in Zaria, where no fewer than 31,950 pills of tramadol 225mg and diazepam were recovered, and in Kebbi, along Bagudo road on the same day a vehicle loaded with bags of charcoal coming from Malabil, Benin Republic was intercepted, when the vehicle was search, 97 kilogrammes of skunk concealed in the sacks of charcoal was recovered.
. Three suspects: Abubakar Ibrahim, 50; Mustapha Aliyu, 32; and Bashar Lawali, 28, were arrested in connection with the seizure.
A 48-year-old Okafor Marcel was nabbed with 11.5 kilogrammes skunk at Abatete, Anambra state while NDLEA operatives in Osogbo, Osun state last Tuesday arrested Ajala Mercy, 27, with 43 litres of skushi, a mixture of black currant, cannabis and opioids recovered from her room at Dada estate, Halleluyah area of the state capital.
Babafemi said two cannabis farms in Egbeta forest, Ovia North East LGA, Edo state were raided by NDLEA operatives who destroyed 3,717.8625 kilogrammes of the psychoactive plant on 1.487145 hectares and recovered 136.5 kilogrammes of processed cannabis.
At the Tincan seaport in Lagos, a suspect Basorun Kayode, 40, who has been at large for two years was arrested by NDLEA officers in connection with the seizure of 107 kilogrammes Loud imported from Canada in 2023, while another suspect, Dauda Yakubu who distributes illicit drugs within the seaport community was arrested by a team of operatives last Monday.
The spokesman said the War Against Drug Abuse (WADA) social advocacy activities by NDLEA commands equally continued across the country in the past week.
Meanwhile, the Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (Rtd) while commending the officers and men of DOGI, Kano, Lagos, Kaduna, Kebbi, Osun, Zone 13, Edo and Tin-can commands of the agency for the arrests and seizures of the past week, equally praised their counterparts in all the commands across the country for ensuring a fair balance between their drug supply reduction and drug demand reduction efforts.
NDLEA intercepts cocaine in Saudi-bound religious books
Fire Guts Water Board IDP Camp in Monguno, Borno
By: Zagazola Makama
A devastating fire broke out at the Water Board IDP Camp in Monguno Local Government Area (LGA) on April 19, 2025, destroying approximately one hundred thatch and makeshift houses.
Eye witnesses said that the fire started at around 1040hrs and rapidly spread across the settlement, burning household items, foodstuffs, and other valuable properties to ashes.
The cause of the fire is yet to be determined, and the value of the property destroyed is still being assessed.
Humanitarian officials were immediately deployed to the scene to maintain crowd control and prevent looting, while firefighters, alongside camp residents, worked tirelessly to extinguish the flames.
Fortunately, no casualties or loss of life were reported.
Fire Guts Water Board IDP Camp in Monguno, Borno
Terrorists Snatch Vehicle in Monguno, Borno
By: Zagazola Makama
Armed assailants suspected to be members of ISWAP/Boko Haram attacked and snatched a vehicle in Monguno Local Government Area (LGA) on April 18, 2025, at about 1400hrs.
Saleh Haun, a resident of the Water Board IDP Camp in Monguno, reported that while he was at the Gumnari Bush Area in Monguno, four armed gunmen, riding on two motorcycles, accosted him.
The assailants, at gunpoint, seized his white Toyota Land Cruiser, before fleeing with the vehicle to an unknown location.
A Military Forward Operating Base (FOB) has been alerted, and efforts are underway to to track the assailant and recover the stolen vehicle.
Terrorists Snatch Vehicle in Monguno, Borno
Troops Foil Fresh Violence as Armed Youths Attack Fulani Settlement in Plateau
Senator Donates Relief Materials to Communal Clash Deceases Families in Jigawa
NDLEA intercepts cocaine in Saudi-bound religious books
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