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
Borno State’s Veronica Kidafa Mbaya Awarded N25 Million for Agricultural Excellence
By: Our Reporter
Veronica Kidafa Mbaya of Borno State has been recognized for her outstanding contributions to agriculture, winning the inaugural Every Home Garden farming competition, a nationwide initiative spearheaded by Her Excellency, Senator Oluremi Tinubu, the First Lady of Nigeria. Ms. Mbaya received a N25 million prize during a ceremony held this evening at the Banquet Hall of the Presidential Villa.
The presentation was made by the First Lady herself, highlighting the importance of the Every Home Garden Initiative and the success of Ms. Mbaya’s efforts. The event was attended by a distinguished gathering of First Ladies from various states across Nigeria, including Dr. Falmata Babagana Umara Zulum of Borno State.
This significant award celebrates Ms. Mbaya’s dedication to agriculture and her exemplary contribution to food security in Borno State. It also underscores the Every Home Garden Initiative’s national impact and its success in fostering agricultural development and empowerment at the grassroots level.
20 million naira came from the first lady while NALFUND added 5 million naira to the winner.
Other 19 participants who made it to the finals received 2.5 million with 1 million from the first lady, 1 million from the first lady of the state concerned, and 500,000 naira to each of them from NALFUND.
Borno State’s Veronica Kidafa Mbaya Awarded N25 Million for Agricultural Excellence
Yobe: 12 killed in road crash
By: Yahaya Wakili
Twelve (12) persons lost their lives in a road crash on Tuesday, 3rd December, 2024, along the Bayamari-Geidam road in Yobe state, North East, Nigeria.
The Sector Commander Yobe state Sector command of the Federal Road Safety Commission (FRSC) Corps Commander, Mr. Livinus Yilzoom, disclosed this in a press release made available to newsmen in Damaturu.
He said the crash occurred at about 10:00 pm at km 20, Chelluri village, along the Bayamari-Geidam road.
Mr. Livinus Yilzoom revealed that the crash involved a stationary HOWO truck with registration number MAG 831ZR belonging to DAN NENE construction company and a Sharon minibus with registration number BAU 124YF, which ran into the truck and caught fire, thereby burning the 12 occupants of the bus beyond recognition.
According to Mr. Livinus Yilzoom, preliminary investigation revealed road obstruction by the HOWO truck as the immediate cause, while excessive speed and overload by the driver of the Sharon were the remote causes of the road crash.
He admonished motorists to avoid night travels because of the danger of poor visibility, which is further compounded by the present hazy harmattan weather.
The commander called on motorists to obey road traffic rules and regulations at all times to forestall future occurrences.
Yobe: 12 killed in road crash
Yobe: Emir of Fune sues for peace between farmers and herders
By: Yahaya Wakili
The emir of Fune in Yobe state, Alhaji (Dr.) Saleh Idris Ibn Usman, has called on farmers and herders to be patient with one another and to live in peace. This country belongs to us; we can’t go anywhere but Nigeria.
Alhaji Saleh Idris Ibn Usman made the call in an interview with the newsmen in Damagum, the headquarters of the emirate council. He said, God knows why he keeps us together, the harders and the farmers.
He calls on farmers to harvest their farm produce in time, not leave their farm produce to stay long in the farm, and also urges the herders to stay away from farmlands to enable farmers to park their farm produce.
The emir draws the attention of the security agents to protect the lives and property of the citizens and allow the herders to pass and urges the farmers not to take the law into their hands.
“If he destroyed your farm produce, report him to the authority concerned; don’t touch him. We have the ward head, the village head, and the district head, and we have the emir. Report him to them; they will take necessary action against him,” the emir added.
Alhaji Saleh Idris maintained that it is not fair that someone spent a year suffering in farming his farm; he finished everything; the only thing that remains is to harvest the produce. In a day you come and destroy the farm produce; in fact, it is not a small offense.
He said, We have been enlightening the farmers every year to harvest their farm produce in time and urge the herders not to encroach into the farm until farmers cultivate and evacuate their farm produce.
Yobe: Emir of Fune sues for peace between farmers and herders
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Borno State’s Veronica Kidafa Mbaya Awarded N25 Million for Agricultural Excellence
Yobe: 12 killed in road crash
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