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Agreement Signed for Deployment of Electric Motorbikes in Lagos

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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

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Idris Says Nigeria Has Chosen to Resolve Misinformation of Genocide Through Diplomatic Channels

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Idris Says Nigeria Has Chosen to Resolve Misinformation of Genocide Through Diplomatic Channels

By: Michael Mike

The Federal Government has said that the genocide debacle with the United States will be resolved through diplomatic channels.

The Minister of Information and National Orientation, Mohammed Idris said this on Thursday at the 50th Anniversary of Angola, stating that the government will continue to explain the true situation of things in the country.

Idris while acknowledging that there are challenges in the country, insisted that the terrorist attacks are not targeted at one religious group.

He noted that both Christians and Muslims are victims of terrorists, arguing that the narrative about killings of Christians held by the U.S government is not one that would be resolved through press briefings.

The Minister revealed that: “We are trying as much as possible to make sure that this is resolved through diplomatic channels.”

He said that: “You all know how some people are helping to shape the narrative of who we are as a country.

“We know who we are. We know what Nigeria is.

“I could relate to that. So to think about what is happening now, I think some people are trying to shape the narrative for us.

The truth is that yes, we have security challenges in our country. Yes, we have Christian skills. No doubt about that.

“Yes, we also have Muslim skills. We have security challenges. All of us are aware of that.

“But to characterise Nigeria as a country that does not erase religious freedom, I think it’s wrong. We will continue to say that. We will continue to dig in.”

He expressed joy with the statements made by some partners and regional groups.

“I’m glad the statements we are hearing from the Economic Community of West African Commission, from the African Union, and the solidarity of the European Union, and the solidarity that everyone is showing together at this challenging time and when some narratives that we know are not really very correct about who we are as Nigerians.”

As I was sitting here I am receiving torrents of information still, fresh information coming out of the U.S. on this matter. And I’ve been bombarded by foreign journalists to respond to some of them. “We are trying as much as possible to make sure that this is resolved through diplomatic channels.

“But we have a duty to explain who we are as a country. We have a duty to also call on all Nigerians to come together, to think together.

“This is not a time for politics. This is not a time to say what you believe and what you don’t. This is a time to think and behave as a Nigerian.

“And I think that is what all of us should do. We must challenge the Nigerian media for reciprocation. And I want to challenge once again that all of us need only to put forth those things that promote our political existence as Nigerians, not the things that divide us.”

He assured Nigerians and the diplomatic community that “the government of Nigeria is functioning. It is listening to some of these very strong messages coming from all around the world and all the concerns of people from this country and outside. We are listening.

“But also keeping our cool and inviting all those that can help us to really navigate through this. When you shoot a bullet, it doesn’t mean you fall. You have a good identity.”

The commended the honoured former general for shaping the African continent and keeping the continents together.

The four Generals are : Gen. Ike Nwachukwu, Major. Gen. Chris Garuba, Lt. Gen. Tukur Buratai, Brig. Gen. Buba Marwa and Big.Gen. Saleh Bala.

“And we are happy that you are recognising that. Nigeria is not just Angola. Nigeria is indeed a big brother to Africa,” Idris said.

“And we know all about this. And we want to take this energy, but also ask all Africans, and indeed the whole world, to also recognise what Nigeria is and what it truly represents. Let us not be characterised by what we are not,” he added.

Idris Says Nigeria Has Chosen to Resolve Misinformation of Genocide Through Diplomatic Channels

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NEDC reconstructs Mubi-Maiha road bridges

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NEDC reconstructs Mubi-Maiha road bridges

The North East Development Commission (NEDC) has officially commenced the reconstruction of two bridges on the Mubi–Maiha road to restore connectivity and boost economic activity across Adamawa State.

Speaking at the flag off of the projects on Thursday, NEDC’s State Coordinator, Mr Khalifa lawan reaffirmed the Commission’s commitment to delivering durable infrastructure that supports the region’s recovery and development.

Khalifa who was represented by Head of the Technical Team in the state, Engr. Francis Joseph said, the contract was awarded to Triacta Nigeria Limited, with a duration of 12-months.

He said the bridge was severely damaged for long and considered unsafe for commuters and vehicles.

“Under the project scope, Triacta will construct a 5-span, 75-meter bridge at Buladega village and a 7-span, 105-meter bridge at Maiha.

“Both are situated on the strategic Mubi–Maiha corridor, a key route linking communities and markets in the northern part of the state”, he said.

Receiving the project site on behalf of the contribution company, Engr. Wijh Tamke, the Project Manager, assured stakeholders of the company’s readiness to deliver the project within the stipulated timeframe.

He added that the project would be delivered in accordance with best engineering practices.

Some of the residents described the projects as a long-awaited intervention that will enhance road safety, reduce travel time, and revitalize local commerce.

NEDC reconstructs Mubi-Maiha road bridges

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Yobe holds an executive council meeting

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Yobe holds an executive council meeting

By: Yahaya Wakili

The Yobe State Executive Council meeting was held at the Government House, Damaturu, and was presided over by His Excellency, the Executive Governor, Hon. Dr. Mai Mala Buni, CON, COMN.

The meeting approved some numerous projects that will make an impact on the lives of the people of the state.

Briefing the journalists on the outcome of the council meeting, State Commissioner of Works Engr. Umar Wakil Duddaye said to improve urban roads, the council approved the construction of two township roads in Potiskum valued at #2.69.

Engr. Duddaye further said this road to be constructed includes a 4.7-kilometer township road and a new link road from Bazuwa junction to Anguwan Fulani connecting to the Na Huta, Fika-Gombe road.

According to him, the new link road will solve the longest transportation challenges for the residents, especially during the rainy season. Adding that His Excellency, Governor Mai Mala Buni, always has these urban roads in his mind, and Potiskum is one of the towns he always wanted us to be there.

The council has approved upgrading three major hospitals that include Specialist Hospital Buni Yadi, Specialist Hospital Damaturu, and General Hospital Nangere, respectively.

The commissioner for health, Dr. Mohammed Lawan Gana, stated this to newsmen after the meeting. He revealed that the council ratified the provision of medical equipment in hospitals and other facilities across the state.

The council also ratified approvals for the construction of pavements, a clinic, and a fire service station in nearly completed modern markets in Ngalda and Yunusari.

Alhaji Kaigama Umar Yunusari disclosed this to newsmen after the meeting. He maintained that the council approved the resuscitation of the state’s polythene and woven sacks company here in Damaturu.

Also briefing the journalists, Commissioner of Finance Alhaji Mohammed Abacha revealed that it will now be mandatory for all public officers to be given and to study the law before assuming their duties.

He said he presented a memo on the public finance law and urged the council to make it mandatory for all appointees to familiarize themselves with the law following their swearing-in to ensure accountability in governance.

Yobe holds an executive council meeting

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