News
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
Yobe: Karai community declares support for Baba Malal Wali
By: Yahaya Wakili
The Karai-Karai community across the Yobe South Senatorial District (Zone B) has pledged their loyalty and support to Alhaji Baba Malam Wali mni, the preferred governorship candidate of the All Progressives Congress (APC) in the 2027 general election.
Former state chairman of the All Progressives Congress and leader of the delegation, Alhaji Adamu Chillariye revealed that the representatives of the Karai-Karai community from Potiskum, Nangere, Fune, and Fika local government areas visited Alhaji Baba Malam Wali MNI to congratulate him and also to reassure him of their loyalty and their unflinching support for his aspiration.
“Our message is short and simple: ‘Be rest assured of the support of the Karai-Karai community; we will deliver you in 2027, insha Allah.’ ” The former state deputy governor, Alhaji Aliyu Saleh Bagare, said.
Also speaking, the state All Progressives Congress (APC) Chairman, Alhaji Mohammed Gadaka, thanked the Karai-Karai community for expressing their support to the party’s choice.
Responding, Alhaji Baba Malam Wali mni expressed his heartfelt appreciation to the community that would be carried along to be part of the administration after the election.
Wali also appreciated the sense of unity and commitment to his aspiration and the party saying it is a commitment to the continuity of the progressive government of the Buni administration.
Yobe: Karai community declares support for Baba Malal Wali
Troops Intervene in Farm Destruction Incident in Plateau, Move for Peaceful Resolution
By Zagazola Makama
Troops of Operation Safe Haven have intervened in a reported farm destruction incident in Lamingo village, Jos East Local Government Area of Plateau State.
Security sources said the incident occurred at about 5:10 a.m. on May 3 when troops of Sector 1 (Sub-Sector 12), Lamingo, responded to a distress report of cattle grazing within the compound of one Mrs. Shittu Yakubu.
The sources disclosed that upon arrival, the troops intercepted the cattle, while the herder fled the scene on sighting security personnel.
According to the sources, the owner of the cattle, identified as Alhaji Mamuda Ibrahim, has since been contacted to facilitate an amicable resolution of the incident.
They added that the situation was brought under control without further escalation.
The sources noted that efforts are ongoing to strengthen community engagement and prevent recurrence of similar incidents in the area.
Troops Intervene in Farm Destruction Incident in Plateau, Move for Peaceful Resolution
Troops Rescue Five Kidnap Victims in Kogi After Pursuit of Abductors
By Zagazola Makama
Troops of the Nigerian Army have rescued five kidnapped victims following a swift response to a kidnap incident along the Okpella–Okene Road in Okene Local Government Area of Kogi State.
Security sources said the operation was carried out at about 12:43 a.m. on May 3 by troops of 195 Battalion (Reinforced) deployed at Forward Operating Base Okpella.
The sources disclosed that the troops, while on night patrol, responded to a distress call indicating that a vehicle had been attacked and its occupants abducted.
According to the sources, the troops immediately pursued the kidnappers, forcing them to abandon the victims and flee into the surrounding bush.
They added that five victims were successfully rescued during the operation, while two of them sustained injuries.
The injured victims were evacuated to the ENAW Dialysis Centre for medical attention, while others were stabilised.
The sources noted that follow-up operations are ongoing to track down the fleeing suspects and prevent further criminal activities along the axis.
Troops Rescue Five Kidnap Victims in Kogi After Pursuit of Abductors
Yobe: Karai community declares support for Baba Malal Wali
Troops Intervene in Farm Destruction Incident in Plateau, Move for Peaceful Resolution
Troops Rescue Five Kidnap Victims in Kogi After Pursuit of Abductors
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