News
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
News
Concerns Rise Over Security and Governance In Benue State
Concerns Rise Over Security and Governance In Benue State
By: Michael Mike
The Center for Democracy and Human Rights (CEDEHUR) has expressed deep concern over the worsening security and administrative situation in Benue State under Governor Hyacinth Alia.
In a press statement read by Comrade Adebayo Lion Ogory in Abuja, CEDEHUR highlighted a series of violent incidents affecting communities across the state, particularly in Turan (Kwande LGA), Logo, Gwer West, and Agatu.
The group noted that attacks by armed herdsmen have resulted in deaths, displacement, and disruption of farming activities, a vital component of the state’s economy.
The organization also raised concerns over alleged administrative failures and financial mismanagement in several state agencies, including the State Universal Basic Education Board (SUBEB), Bureau for Quality Assurance and Examination Board, Benue Investment and Property Company (BIPC), and the Bureau of Solid Minerals.
CEDEHUR cited reports of irregular contract awards, diversion of funds, and overall institutional inefficiency.
Further, the group reported ongoing illegal mining activities in protected areas involving foreign operators, claiming that the state government had failed to intervene. Last weekend, two young men were reportedly killed in Turan following mining activities in the area.
CEDEHUR also expressed concern over directives allegedly issued by Governor Alia restricting public gatherings without official approval, warning that such measures could undermine civil liberties.
They called for clarity from APC National Chairman Prof. Nentawe Yilwatda regarding the party’s role in these directives.
The organization urged federal authorities, including the Department of State Services (DSS), the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices Commission (ICPC), and the Nigeria Police, to investigate allegations of financial mismanagement, human rights violations, and security breaches in the state.
CEDEHUR further appealed to President Bola Ahmed Tinubu to convene a meeting with Benue stakeholders to address the escalating crisis and called for the immediate halt of illegal mining operations and political thuggery across the state.
The group warned that without swift intervention, insecurity and governance challenges in Benue could escalate, threatening lives, livelihoods, and public confidence in the state government.
Concerns Rise Over Security and Governance In Benue State
News
Agribusiness Conglomerate Targets Over 6,000 Jobs With Multi-million Dollar Investments In Nigeria
Agribusiness Conglomerate Targets Over 6,000 Jobs With Multi-million Dollar Investments In Nigeria
As VP Shettima hails decision, assures security of investments
By: Our Reporter
The Vice President, Senator Kashim Shettima, has hailed the multi-million-dollar investment portfolio by African agribusiness conglomerate, Export Trading Group (ETG), in Nigeria, assuring that ongoing reforms by the administration of President Bola Ahmed Tinubu will guarantee the company’s investments.
According to him, the company’s interests across agro-logistics, fertilizer systems, seed production and industrial processing, among others, is commendable and fully aligns with the Renewed Hope Agenda of President Tinubu.

Senator Shettima stated this on Thursday when he received, on a courtesy visit to the Presidential Villa, a delegation from the ETG led by its Global Chief Operating Officer, Mr Niren Murugan.
“You have been in the country since 2010, but this time around, you have decided to play a more active role in Nigeria’s agricultural value chain. This is where the action is. We have the population and abundance of resources for your investments to thrive.
“All your investment decisions are wonderful. I am particularly thrilled by your interventions especially in seed development, oil processing, fertilizer blending, and agricultural extension services, among others. I commend the efforts of your team in Nigeria in the selection of locations for the proposed Centres of Excellence,” he stated.


The Vice President urged the company to explore the abundant opportunities across the country to expand its stakes in the country’s agricultural value chain, particularly in boosting food production.
Earlier, ETG’s Global COO, Murugan, said his visit was to inform the VP of the company’s investment portfolio in Nigeria, seek high-level alignment, secure government guidance and accelerate coordination with stakeholders in the public sectors across all levels.
He announced the take-off of the company’s expanded multi-million-dollar oil processing facility in Sagamu Ogun State by the second quarter of 2026, disclosing proposed investment pipelines in fertilizer blending, seed production and integrated agro-logistics, among others.
The COO also disclosed a collaboration to establish Centres of Agro-Excellence in seven states of Kaduna, Ebonyi, Cross River, Ekiti, Jigawa, Nasarawa and Borno to serve as regional hubs for the provision of inputs, mechanisation, storage, and primary processing, among others.
On his part, Cross River State Governor, Senator Bassey Otu, expressed the state’s readiness to collaborate with the conglomerate to harness the vast agricultural potentials of the state.
He said the state government has, on its part, carried sweeping reforms aimed at not only boosting agricultural productivity, but in building a sub-national economy that serves the rest of the country and gives the state an edge in revenue generation and food production.
Governor Otu also spoke about the state government’s vision to attract investments in port facilities, particularly the Bakassi Deep Seaport and Calabar Port projects.
“We can match your vision end-to-end. We have the land, the mineral resources and the enabling environment to make it happen,” the Governor assured the company.
Also present at the event were the company’s Business Manager in Nigeria, Mr Ogu Goodluck; ETG’s Senior Business Development Manager, Mr Bharat Shinde, and the company’s CFO, Amin Ahmad.
Agribusiness Conglomerate Targets Over 6,000 Jobs With Multi-million Dollar Investments In Nigeria
News
Nigerian Engineering Olympiad Launched to Strengthen Global Engineering Competitiveness
Nigerian Engineering Olympiad Launched to Strengthen Global Engineering Competitiveness
By: Michael Mike
The Nigerian Society of Engineers (NSE) has expressed commitment to bolstering engineering education in the country through linking academia with industry sector to bring about meaningful growth in Nigeria.
Nigeria while announcing a bold step toward strengthening its global engineering competitiveness with the launch of the maiden Nigerian Engineering Olympiad (NEO), an initiative the Nigerian Society of Engineers (NSE), expressed willingness to transform university inventions into market-ready technologies capable of advancing national development.
Speaking during inauguration of the maiden Nigerian Engineering Olympiad (NEO), a national programme designed to identify, nurture, and commercialise engineering talent across tertiary institutions, the President of NSE, Margaret Oguntala, disclosed that the Olympiad aims at tackling pressing needs in infrastructure, manufacturing, energy transition, sustainability, and digital technology, as ultimate goal to produce a generation of job creating engineers, problem solvers, and globally competitive innovators.
The Nigerian Engineering Olympiad was organised by Enactus Nigeria in partnership with NSE, Nigerian Content Development and Monitoring Board (NCDMB), Renaissance Africa Energy Company (RAEC), and the First Exploration and Petroleum Development Company (FIRST E&P).
Oguntala said, “As the foremost Engineering professional body, NSE believes that the addition of new ideas is critical for professional development and community impact.
“Every great invention in history began with an idea. All the transformations humanity has seen from the steam engine, to towering skyscrapers, electricity, internet, and artificial intelligence started as ideas acted upon.
“Ideas do shape the world. The power of ideas in transforming societies cannot be overemphasised; indeed, great nations have stood on the shoulders of men and women of ideas to advance growth and development.
“Nigeria is brimming with such creative minds in our universities. In our quest to turn technological development as a nation, NEO offers dynamic platform for students to unleash innovative capacity, as collective effort to create environment where ideation can truly thrive.”
Oguntala, also Chairman-in-Council of the NSE, stressed the need for stakeholders from across government agencies, academia, industry leaders and media to prioritise NEO.
According to her, the Olympiad creates a structured pipeline—regional contests, prototype bootcamps, iterative design, product validation, intellectual property support and a national finale in April 2026—designed to take ideas from concept to commercialization.
She described the Olympiad as “a national innovation incubator” that will provide mentorship, seed funding and technical guidance to the top teams.
Oguntala also highlighted NSE’s recent $17.4 million partnership with MIDAS IT of India to supply advanced engineering design software to 15 universities, a step she said would “strengthen academic excellence and prepare young engineers for global competitiveness.”
She reiterated that the Olympiad reflects Nigeria’s determination to elevate its technological capacity and compete on a global scale.

She said: “Today, we ignite a spark that will light the way for Nigeria’s engineering future. The innovations born from this Olympiad could become the solutions that drive our industries, improve our infrastructure and uplift our communities.”
In a remark, Executive-Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Omatsola Ogbe commended Olympiad for aligning with the Federal Government’s policy drive for indigenous innovation and industrial competitiveness.
Ogbe, represented by Director Capacity Building of NCDMB, Abayomi Bamidele explained ongoing capacity building programmes in petroleum engineering, robotics, digital technology, and advanced technical disciplines efforts would help to reinforce the Olympiad’s talent pipeline.
He disclosed that industry surveys showed not less than 79 per cent of engineering graduates lacked practical and hands-on competencies aligned with global standards a challenge NCDMB says must be addressed urgently.
According to him, engineering skills deficit contributed to shortage of competent local engineers, heavy reliance on expatriates, and increasing brain drain
“Nigeria has a population exceeding 237 million people, nearly half of West Africa, yet only about 5 per cent of our engineering graduates are industry ready at graduation.
“This Olympiad provides a structured pathway to identify and support young innovators who can design solutions for our national challenges,” he said.
For his part, Enactus Nigeria’s Country Director, Michael Ajayi, said that national-scale impact can only come from strong collaboration across government, private sector, and civil society.
Ajayi said: “This partnership proves that when we combine policy support, private-sector systems, and nonprofit expertise, we can deliver transformational impact not just for individuals, but for entire industries.
“Olympiad’s objectives include encouraging students to apply classroom knowledge to real-life problem-solving and enabling them to build engineering-driven businesses that generate jobs and wealth.”
He disclosed that the Olympiad was designed to run a seven-month cycle and will feature regional contests, intensive mentorship, prototype development, and a national grand finale scheduled to hold in April 2026.
First E&P’s General Manager for Integrated Gas Development, Yetunde Taiwo, said the company’s involvement stems from a commitment to innovation and talent development.
She said: “Our core values are around fostering talent, innovation and entrepreneurship. Some of the perennial challenges we see in the industry can actually be solved by these very bright young minds.”
She added that engaging students early with real industry problems could help reduce brain drain by creating clear pathways into the workforce.

Representing Renaissance Africa Energy Company, Nigerian content manager Olanrewaju Olawunyi said their support reflects a longstanding commitment to developing human capital.
“We are made in Nigeria, we’re built for Africa. We invest in people. People are our biggest resource.”
He noted that Renaissance funds STEM education from primary to tertiary levels and runs fully funded scholarships—including sending candidates from the Niger Delta overseas for postgraduate studies.
“This is not just a flash. All our programs are annual and fully funded, and we also pay students during internships.”
On behalf of the Minister of Youth Development, Technical Adviser Ebiho Agun said the Olympiad aligns fully with government priorities and the nation’s long-term workforce needs.
“It provides young minds with the opportunity to stretch their imagination, deepen technical abilities, and demonstrate excellence on a national and international stage,” he said.
He described the initiative as “a catalyst for mentorship, discovery and long-term career development,” urging participants to seize the opportunity: “You are the heartbeat of Nigeria’s future. remain steadfast in your pursuit of excellence.”
Nigerian Engineering Olympiad Launched to Strengthen Global Engineering Competitiveness
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