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Agreement Signed for Deployment of Electric Motorbikes in Lagos
Agreement Signed for Deployment of Electric Motorbikes in Lagos
By: Michael Mike
Swap Station Mobility Limited has signed partnership agreement with Glovo and Siltech World to deploy electric motorbikes, smart swappable batteries, and a network of quick interchange stations across Lagos State.
The Partnership will provide Glovo couriers with 2-wheel electric motorbikes that offer lower cost, clean mobility alternative to the internal combustion engine (ICE).
The Electric Vehicles (EVs) are provided on a lease-to-own model whilst also offering riders a unique “pay as you ride” or “weekly subscription” to access SSM’s battery swap and charging facilities, technical support and cover for insurance, licensing, and routine maintenance services. In order to increase adoption, Swap Station intends to build out a network of solar powered automated quick interchange battery stations along major demand routes and logistics bases starting in Lagos and surrounding states over the next twenty-four months.
Blackaion Capital and FundCo Capital Managers who are the co-sponsors of Swap Station Mobility, believe the operational cost of battery swapping per kilometre (km) will remain substantially lower than the fuel cost per km for the ICE counterpart. “This is the main value driver which has been catalysed by the Federal Government’s near elimination of fuel subsidies.
The products developed or distributed by Swap Station are designed to exceed the performance of petrol alternatives whilst significantly improving CO2 emissions, local air quality, and cost efficiency for users over the life of the asset,” said the Director at Swap Station and Partner at Blackaion Capital, Obiora Okoye,
Okwu Njoku who sits on the Board went on to say, “We are very excited about signing with Glovo who operate one of the most prolific food delivery platforms in Nigeria. Our EVs and swappable batteries are in-country, and Siltech World, one of our key technology and technical partners, supported us with the procurement, testing, and certification of the EVs, and so, we are now ready to start operations. We plan to spend the next few months securing additional swap locations, building our technology platform, and expanding our team.”
Abiodun Oni, Chief Executive Officer (CEO) of FundCo Capital Managers, and former Regional Sales Director, Energy, for Tesla, stated, “e-mobility is critical to our sustainable infrastructure investment strategy, and this agreement with our partners enables us to kick start that process”.
On his part, Head of Operations at Glovo, Ify Adah stated, “ By 2030, our goal is to have about half of our orders delivered by non-combustion vehicles. So, we are very excited and look forward to working with Swap Station, and supporting our couriers with cleaner and more cost-effective transport solutions.”
Swap Station is an integrated EV financing and battery charging infrastructure development company that has built a business-to-business-to-consumer (B2B2C) platform that provides access to electric 2-wheel and 3-wheel vehicles, swap station infrastructure, swappable batteries, and a hub for repairs and maintenance services to fleet owners, businesses, and users operating in the logistics and last mile connectivity in Nigeria.
Blackaion Capital is a West Africa focused infrastructure advisor, developer, and asset manager with offices in Lagos, Abuja, and Mauritius. Blackaion’s mission is to create exceptional long-term value for all stakeholders by developing and capitalising tech-enabled and climate-friendly infrastructure projects and companies.
FundCo is a specialised Alternative Asset Manager for sustainable infrastructure-related funds across critical economic sectors. These are selected industries providing essential services to the society, with domestic geographic diversity, have secure cash flows, are recession resilient, and ideally, offer some inflation protection. FundCo is duly registered with and licensed by Nigeria’s Securities and Exchange Commission (SEC) as a portfolio/fund manager in line with the SEC rules.
Agreement Signed for Deployment of Electric Motorbikes in Lagos
News
Joint Task Force North West Clarifies Reports on Jet Strike in Sokoto
Joint Task Force North West Clarifies Reports on Jet Strike in Sokoto
By: ABUBAKAR ABDULLAHI
The Joint Task Force North West Operation Fansan Yamma has addressed recent reports concerning a military fighter jet allegedly bombing civilian structures in the Silame Local Government Area of Sokoto State. These reports have raised concerns; however, it is crucial to clarify that all military operations are conducted based on thorough intelligence and reconnaissance missions. This rigorous process is particularly important when targeting groups like the Lakurawa terrorist organization, as it aims to ensure precision and protect civilian lives.
Given the serious nature of these operations, the public is urged to rely on confirmed information to prevent misinformation and unnecessary panic. There is a significant risk that terrorist groups may attempt to undermine military successes through media disinformation, necessitating caution concerning unverified claims, especially in the ongoing fight against terrorism and banditry.
Importantly, the targets struck in the vicinity of Gidan Sama and Rumtuwa have been positively identified as associated with the Lakurawa group, reinforcing the justification for the military action taken.
Joint Task Force North West Clarifies Reports on Jet Strike in Sokoto
News
FACT CHECK: Claims of Airstrikes on Innocent Villagers in Silame LGA Found to Be False
FACT CHECK: Claims of Airstrikes on Innocent Villagers in Silame LGA Found to Be False
By Zagazola Makama
Reports circulating about alleged airstrikes on innocent villagers in Gidan Sama and Rumtuwa, two communities in Silame Local Government Area of Sokoto State, have been found to be false.
Contrary to the claims that over ten villagers were killed and several others injured during an airstrike, the locations targeted in the airstrikes were identified as known hideouts of the Lakurawa bandits. These communities in question had been largely abandoned by their original residents due to persistent banditry and were subsequently repurposed as enclaves for criminal activities.
Intelligence sources contacted by Zagazola confirmed that the airstrikes were the result of weeks of intelligence gathering and careful surveillance of the bandits’ movements.
The sources said “We received consistent intelligence reports from the Sokoto State Government and security agencies regarding the activities of the Lakurawa terrorists in the area. Before the operation, independent reconnaissance and intelligence gathering missions were carried out to confirm the targets and avoid collateral damage. Precision is always our priority in air operations.”
The source further stated: “Today’s airstrikes specifically targeted identified hideouts of the Lakurawas. We cannot carry out any strikes without days of monitoring and verification. This is a normal practice in air operations so as to achieve precision in attacking our intended targets. These locations were no longer inhabited by their original residents, making it impossible for innocent civilians to be affected.”
“I can comfirmed to you that no innocent civilians were affected, as these locations were no longer inhabited by their original residents. “The operation was executed precisely to eliminate bandit hideouts that had been terrorizing the region.”he said.
Further verification by Zagazola corroborates that the targeted sites were active bandit hideouts and not populated villages. The observation also confirmed that the bandits had been chased to the locations following a sustained military operation aimed at dismantling their networks.
Additionally, there were no reports of casualties among civilians, no burials conducted, and no families reported missing loved ones to local authorities.
The Chairman of Silame LGA, Alhaji Abubakar Muhammad Daftarana, acknowledged the airstrikes in the location but refrained from confirming any civilian casualties, stating that the area had been under assessment.
“It’s clear that the Chairman doesn’t have complete information about the situation,” the source added.
FACT CHECK: Claims of Airstrikes on Innocent Villagers in Silame LGA Found to Be False
News
Christmas: VP Shettima Assures Citizens Of FG’s Commitment To Their Welfare
STATE HOUSE PRESS RELEASE
Christmas: VP Shettima Assures Citizens Of FG’s Commitment To Their Welfare
*** Says national security, economic transformation remain President Tinubu’s priorities
By: Our Reporter
Vice President Kashim Shettima has assured Nigerians of the federal government’s dedication to national security, economic transformation, and welfare of the citizens.
In a Christmas message on Wednesday, the Vice President said the administration of President Bola Ahmed Tinubu remains unwavering in its focus on these critical areas, as the country looks forward to the dawn of a new year.
He said, “In these times of economic transformation, I want to assure you that the President Bola Ahmed Tinubu administration remains steadfast in its commitment to improving the lives of all Nigerians.”
Vice President Shettima particularly urged the citizens to imbibe the virtues of national unity during the yuletide season.
“Nigeria’s diversity remains our greatest strength. Let us avail ourselves of the time provided by the holiday season to strengthen the bonds of brotherhood that unite us across all faiths and regions,” he said.
Senator Shettima assured Nigerians of the continued vigilance of the nation’s security forces, noting that “our brave security personnel will continue to work round the clock during this festive period to keep us safe.”
He said enhanced security measures have been put in place to protect the citizens during the holiday period.
“The relevant agencies have been mobilized to ensure your safety and comfort on all major routes,” he stated, urging travelers to remain vigilant.
VP Shettima expressed optimism about the nation’s trajectory in the coming year, saying, “I am filled with hope and optimism about Nigeria’s future. Together, we will build a more prosperous and united nation.
“To our young people, you are the backbone of our nation. The Renewed Hope administration is implementing various initiatives to create opportunities for you to thrive and contribute to Nigeria’s development,” he added.
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