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ECOWAS Finalizes Framework for Establishment of USD75 million Renewal Energy Facility
ECOWAS Finalizes Framework for Establishment of USD75 million Renewal Energy Facility
…Tuggar Calls for Creation of Enabling Environment first Private Sector to Thrive
By: Michael Mike
The Economic Community of West African States has finalised the framework for the establishment of of a $75million ECOWAS Renewable Energy and Energy Efficiency Facility.
The regional bloc is also interested in improving storage facilities, milling initiatives and enhancing mechanization in paddy production, stating that $19 billion investment is needed for this.
The President, ECOWAS Commission, Dr. Alieu Omar Touray made the disclosure on Thursday at the opening of the 93rd Ordinary Session of the ECOWAS Council of Ministers holding in Abuja.
Touray, while commending the ongoing work on the Nigeria-Morocco gas pipeline project, which is part of some of the integrated project for the community, listed other integrated programmes aimed at integrating the region including the 6,800km Nigeria-Morocco gas pipeline projects, regulation on roaming, direct flight, water amongst others.
He said: “A Framework Document for the Establishment of an ECOWAS Renewable Energy and Energy Efficiency Facility has been finalised by the Ministers. This is a new blended finance facility with an initial amount of USD75 million, whose objective is to provide grants, loans and guarantees through regular demand-driven competitive calls for proposals providing clean energy solutions for the ECOWAS region.
“Towards regional self sufficiency in rice production, the “Rice Offensive” project launched by the Commission in 2014, under the ECOWAS Agricultural Policy (ECOWAP) has now reached a second cycle with the development of a Second Regional Action Plan (2025-2035) to replace the 2020-2025 plan, which is expiring next year.”
He added that to attain regional self-sufficiency in rice, the local production of 33 million tonnes of milled rice is required to meet a planned consumption target by 2035, noting that this will also require a financial investment of US15 to $19 billion dollars of capital expenditures (CAPEX) towards improving storage facilities, milling initiatives and enhancing mechanization in paddy production.”
On the Nigeria-Morocco gas pipeline, he said: “This regional integrative project aims to build a gas pipeline linking Nigeria to Morocco, feeding ECOWAS member states and Mauritania with future extension to Europe. It is an infrastructure of 6,800 km long, including 5,100 km offshore, with a transport capacity of 30 billion cubic feet of natural gas per year.”
Touray said on other integration project: “Progress has continued to be recorded regarding the implementation of ECOWAS Regulation on Roaming on Public Mobile Communications Networks in the ECOWAS Space. Phased implementation of this roaming tariff rates is progressing through several bilateral arrangements.
“The ECOWAS Roaming is now live in at least six member states since its adoption in December 2017 by this Council.
“Regarding high cost of air transport in the Community, which hinders intra-regional air transport development, the Ministers responsible for Air Transport met recently to deliberate on a Regional Strategy for the Harmonization of Air Transport Charges, Fees and Taxes in ECOWAS Member States, and a Supplementary Act relating to the Common Policy on Aviation Charges, Taxes and Fees in ECOWAS Member States. The Act seeks a cancellation of all taxes deemed inconsistent with ICAO rules and principles, along with a 25% reduction in passenger and security charges. This is a significant development for the business improvement of the regional air transport sector and the facilitation of movement of persons and goods within the Community.
“Furthermore, this year, ECOWAS Commission revived its regional cooperation and integration programme in the water sector which dates to 2001. The Ministers in charge of water resources met and adopted fourteen (14) Resolutions relating to the revision of the 2008 West Africa Water Resource Policy; Management of Shared Water Resources in West Africa, Water Infrastructure Development, among others, with the goal of contributing to poverty reduction, sustainable development and environmental protection.”
Touray, assured that the “Commission will continue to measure the impact of our Community investments in regional cooperation and integration through the Human Capital Development indexes which include both regional and member state’s strategies, and commitments made towards improving health and nutrition, education, entrepreneurship, financial inclusion and digital economy. “
The President of the Commission also lamented the dwindling community levy in the last six years, saying only 40% of the approved Levy for this year had been received as at October 2024.
He said “For instance, for now six consecutive years, the Community levy remittances from the Member States have been declining. This year, as of 30th October, the Community Institutions received only 40% of the approved funds from the Community Levy, thereby hindering the implementation of the Community work programme.
“This Council has a critical role in the realization of the many objectives we set for our region. The role of our member states in providing the necessary resources for our Institutions, removing non-tariff barriers, implementing regionally agreed policies and commitments is vital to our success. Our local private sector actors also have an important role, and they need the support of both the regional institutions and governments to exploit the vast potentials in our community.
“We must give our local private sector actors the right of first refusal in any investment opportunity in our community. We should harness the resources of our businessmen and women to succeed. The goal is to mobilise, develop and retain regional capital within the Community for the overall good of all.”
On the issue of security, Touray said: “While we work hard on our economic integration agenda, we will continue to pay attention to the issues of security and political stability of our community. Terrorism, violent extremism and organised crime continue to hinder our efforts towards security. The ill effects of drug abuse and drug trafficking in our region are also of great concern. These challenges are far above the capacity of any single member state of the Community to ovoverco”
He added: “That is why we are concerned about the decision of the Military authorities in Mali, Burkina Faso and Niger to withdraw from our community. We will continue to engage with these authorities to reconsider their decision, which will serve no one party. Together, ECOWAS member states have made progress as our unity is our strength.”
Meanwhile, Nigeria Minister of Foreign Affairs, who is also the Chairman of ECOWAS Council of Ministers, Yusuf Tuggar has charged governments of Economic Community of West African States to create enabling environment for private sector to thrive.
Tuggar, speaking at the opening of the 93rd Ordinary Session of Council of Ministers of ECOWAS, described the private sector as the driving force in the region’s integration process.
The Minister also stressed the need for a strong commitment to facilitating and improving trade within the sub-region.
Tuggar, who lamented the current low trade amongst member states which hovers around 12%-13%, urged member states to leverage on the existing instruments to promote greater regional economic cooperation.
He said: “ECOWAS stands at a pivotal point in its existence. The region faces multifaceted challenges that can only be overcome through enhanced cooperation and a deeper common understanding among our Member States. It also requires assiduous statecraft and diplomatic nous.
“Our governments must continue to make concerted efforts to create an enabling environment for the private sector to thrive, as they are the driving force behind the economic integration agenda. And yes, sometimes integration poses difficult sovereignty issues. But in the long run, its for the benefit of all member states.
“Additionally, Member States must demonstrate a strong commitment to facilitating and improving trade within the sub-region. The current intra-regional trade percentage, which hovers around 12%-13%, is significantly low compared to other regions.
“We must therefore leverage existing instruments to promote greater regional economic cooperation, such as the ECOWAS Trade Liberalization Scheme (ETLS) and the ECOWAS Investment Code.”
He also called for resolution of the non-tariff barriers amingst other.
According to him, ” We must tackle the issue of Non-Tariff Barriers, operationalize and modernize border posts, and enhance the Joint Border Management process.”
He also affirmed Nigeria’s commitment to thr process, saying ” It is crucial for our private sector to have investments and partnerships across the region. Member States need to evolve mechanisms and strategies to sensitize both the government officials and private sector groups on the economic potential of our region.”
He also said he will personally lead a delegation of all West African Ambassadors in Abuja and relevant ECOWAS Commission officials for a sensitization program in Lagos that will serve as an Economic Forum at the beginning of the year 2025.
Explaining that ” This event aims to showcase the economic potentials of the region and the regional instruments put in place to promote trade and investment. Participants will also have the opportunity to conduct physical inspections of factories producing various community products traded under the ETLS. I urge other Ministers to initiate similar activities that will unlock our economic potentials and enhance business cooperation within our region. Creating trade and Investment opportunities will yield substantial benefits and position our community to reap significant rewards, thereby improving the lives of our populace. We have been trading with each other and investing in each other’s territories long before the advent of the modern Westphalian state system and its static borders. The kola nuts and livestock are living proof,” he added.
ECOWAS Finalizes Framework for Establishment of USD75 million Renewal Energy Facility
News
KACRAN Cries Our Members Extorted by Bandits and Terrorists, Mislabeled and Killed by Volunteers
KACRAN Cries Our Members Extorted by Bandits and Terrorists, Mislabeled and Killed by Volunteers
By: Michael Mike
Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) has cried out that members of the association continued to be extorted by bandits and terrorist group, killed by volunteers
The association, while condemning all forms of violence, called on bandits and terrorist groups to put an end to the siege on the country, and lamented ceaseless killing by volunteers who wrongly labeled them as bandits
The association in a signed statement by its National President, Khalil Bello on Sunday condemned all forms of violence and urged bandits and terrorist groups to end their atrocities.
The statement read: “We, the Kulen Allah Cattle Rearers Association of Nigeria (KACRAN), find ourselves in a moment of great concern. Say it to anyone if you so wish: the shameful, brutal killings of innocent Nigerians, the destruction of properties worth billions of Naira, and the rustling of millions livestock in the Northern part of our country are issues generating heated debate worldwide.
“We are highly worried that our innocent members and law-abiding citizens have now become victims of circumstances. The nature of their pastoral occupation forces them to be in the bush, where they face all types of ruthless extortion in the name of Zakat or are forced to give one of their sons to join banditry as a condition to continue their business of livestock production.
“Secondly, our members are also vulnerable to Volunteers who, instead of entering the deep forests where the actual Bandits are, always end their operations by killing innocent Pastoralists. Likewise, when the security operatives attack the Bandits, too many times innocent Pastoralists are killed. We are the people who are being forced to give the actual bandits cover, as the Bandits will not allow us to freely go into the deep forest to do our business otherwise.
“We of KACRAN are also so concerned and state that, if God forbid, an external attack were to happen, our innocent Pastoralists would be the first and the last target, just as they have been during previous attacks by Volunteers or security operatives.
Bello said KACRAN, as an association of peace and unity that is always working hard towards promoting peaceful coexistence between Pastoralists and Farmers, decided to issue this statement and took the following positions.
“KACRAN, for whatsoever reason, rejects in totality and condemns in unmistakable terms any act of killing innocent Nigerians. We call on Bandits, Vigilantees and Volunteers to end their act, which is a heinous crime that has no cause or justification.
“We are highly disturbed and very worried about how people in their real common sense would kill their fellow human being.
“Among the Bandits’ condemnable acts that KACRAN rejects and strongly confirms is the killing in some parts of Katsina, Kano, and Zamfara States where Bandits broke the peace deals reached with some respected peace-loving Communities in Katsina State.
“We are all aware that some few months ago, the people of some Local Governments in Katsina State accepted the Bandits’ deal to reconcile their misunderstanding and live in peace, but unfortunately, as reported by media, some disgruntled elements of the Bandits broke the promise and moved ahead to painfully attack, kill, and abduct some communities who reposed trust in the peace accord.”
KACRAN alleged that the security volunteers, on their own part, also, if they want to attack the bandits, instead of going into the deep forest to confront the actual bandits, they unfortunately resort to attacking innocent pastoralists, killing their wives, elderly, and children, as well as stealing their livestock.
The statement further read that: “KACRAN has painfully consider the recent bandits’ attacks as a setback to our move to assist in the amicable solution to the North West and North Central conflict to restore peace, confidence, trust, and unity in the region and the nation at large.
“In the same vein, we call on the Katsina State Government to support the peace accord organized and reached between some Local Government communities in the State to enable them to confiscate the Bandits’ and Volunteers’ weapons to end the insecurity in the state.
“Similarly, KACRAN condemned the Volunteers and Vigilantes recent brutal killing of about 70 innocent Pastoralists and burning their houses in Kebbi State, and passionately appeal to Kebbi State governor to kindly use his good office to immediately stop the continuation of the attack under reference on the people who are operating their pastoral occupation in the most peaceful manners.”
They assured “Katsina, any State in the North West/North Central, and the Federal government that KACRAN is ready to help through dialogue, kinetic, and non-kinetic approaches to end the insurgency in the said North West and North Central regions and the country as a whole.”
KACRAN Cries Our Members Extorted by Bandits and Terrorists, Mislabeled and Killed by Volunteers
News
Egypt Indicates Willingness to Deepen Cultural Relations with Nigeria
Egypt Indicates Willingness to Deepen Cultural Relations with Nigeria
…Commemorates Inauguration of Grand Egyptian Museum in Abuja
By: Michael Mike
Egypt has indicated its willingness to deepen cultural relations with Nigeria.
The North African countries expressed its willingness through its Ambassador to Nigeria, Motaz Zahran during a grand celebration to mark the official inauguration of the Grand Egyptian Museum (GEM), located less than two kilometres from the Great Pyramid of Khufu in Giza, Egypt.
Zahran speaking at the celebration in Abuja which was attended by the Director General of the National Council for Arts and Culture (NCAC) Obi Asika, members of the diplomatic corps, and representatives of Nigeria’s cultural institutions, highlighted Egypt’s leading role in preserving Africa’s shared heritage and promoting cultural cooperation across the continent.
He used the occasion to call for stronger cooperation among African nations in the areas of heritage preservation, museum development, and tourism.
The envoy reaffirmed Egypt’s readiness to share its expertise with partner countries, particularly Nigeria.
He noted that: “Africa’s cultural renaissance must be built on mutual respect and shared pride in our past.”
Speaking of the Grand Egyptian Museum (GEM), a monumental cultural landmark, Zahran said it is the largest archaeological museum complex in the world and a “gift from Egypt to humanity.”
The Egyptian Ambassador Motaz Zahran described the inauguration as a historic achievement, symbolizing “not only Egypt’s pride but Africa’s collective contribution to human civilization.”
He noted that the Grand Egyptian Museum, located less than two kilometers from the Great Pyramid of Khufu in Giza, is the culmination of over two decades of vision, dedication, and international collaboration.
He said: “GEM stands as a testament to Egypt’s firm commitment to preserving our ancient heritage while opening a new chapter in our engagement with the world,”
He further said: “The Grand Egyptian Museum is not only about history; it is about connection, connecting civilizations, peoples, and generations.
“It is a living dialogue between the ancient and the modern world.”
The envoy explained that Egypt views its ancient civilization as a shared inheritance of humanity, adding that the inauguration of GEM renews the nation’s commitment to sharing its heritage with the global community.
He said: “From the banks of the Nile, ideas about governance, art, architecture, and science flowed outward, influencing cultures far beyond our borders.
“Today, through GEM, we renew that spirit of sharing and invite the world to experience our story.”
On his part, Obi Asika, commended Egypt for setting a global standard in cultural preservation, describing the GEM as “a beacon of African excellence and a model for nations seeking to safeguard their heritage.”
The event ended with an invitation for Nigerians and Africans alike to visit the Grand Egyptian Museum to “feel the pulse of history and witness Egypt’s continuing role as a cradle of civilization and a beacon of cultural exchange.”
The Grand Egyptian Museum houses over 100,000 artifacts, including 20,000 items displayed publicly for the first time, telling the story of Egypt’s civilization spanning more than 7,000 years.
Among its treasures is the complete collection of King Tutankhamun’s artifacts, about 5,400 pieces showcased together for the first time.
Visitors to GEM can journey through time from the Predynastic Period through the 30 dynasties of ancient Egypt, the Greco-Roman and Islamic eras, up to modern Egypt witnessing the evolution of governance, art, architecture, and spirituality that shaped global heritage.
Beyond being a museum, GEM is a living cultural institution, serving as a hub for research, education, and innovation. It boasts advanced conservation laboratories, digital learning facilities, and spaces for cultural exchange, bridging the preservation of the past with the inspiration of the future.
Egypt Indicates Willingness to Deepen Cultural Relations with Nigeria
News
Sunshine Joint Venture Infrastructure Limited Established to Propel Completion of Ondo Refinery, FTZ Project
Sunshine Joint Venture Infrastructure Limited Established to Propel Completion of Ondo Refinery, FTZ Project
By: Michael Mike
Sunshine Joint Venture Infrastructure Limited has been established as the execution platform for the proposed Ondo State’s refinery and free trade zone project
to propel its realization.
The Backbone Infrastructure Nigeria Limited and the state government had formalised a joint venture platform and commenced technical engagements including site assessments for a refinery and free trade zone project in Ilaje Local Government Area.
The latest least of life came after Backbone Infrastructure Ltd recently disclosed that it has secured more than $50 billion in funding commitments for a 500,000bpd refinery and the Sunshine Free Trade Zone in Ilaje, Ondo State.
According to the disclosure, the funding was facilitated through a joint venture agreement between BINL and NEFEX Holdings Limited of Canada, which marks one of the largest single private sector investment packages targeted at Nigeria’s downstream oil and gas industry.
A statement at the weekend by the Vice President, Corporate Services at Backbone Infrastructure Limited, Wale Adekola, revealed that the agreement has led to the creation of Sunshine Joint Venture Infrastructure Limited, which will serve as the execution platform for the refinery and industrial corridor.
Adekola disclosed that the entity was established after months of technical reviews and information-sharing sessions with the Ondo State Investment Promotion Agency, bringing together BINL, NEFEX Petro Line Limited and Cooldeal Limited to work with the state government through ONDIPA.
He noted that the partners in the JV include Bacckbone Infrastructure Limited, NEFEX Petro Line Limited and Cooldeal Limited, working in partnership with the Ondo State Government through ONDIPA.
Adekola said NEFEX is represented in the joint venture by Messrs Navid, Egbal and MJ, while BINL’s representation includes its Directors, Henry Owonka and Steve Dike. Namvapor Maryam Fard is representing Cooldeal Limited.
The statement read: “As a follow up to the engagements and sharing of information and technical reviews and presentations with the Ondo State Investment Promotion Agency, the partners have initiated the necessary process by the establishment of the Sunshine Joint venture Infrastructure Limited, the platform by the partners, Bacckbone Infrastructure Limited, NEFEX Petro Line Limited and Cooldeall Limited, to work with the Ondo State Government, represented by ONDIPA.”
In order to advance the implementation roadmap, ONDIPA officials had led a combined team of JV partners and global technical consultants from China Harbour, China Engineering and Honeywell on a site assessment tour across the Ilaje waterways.
The visit, which included engagements with community stakeholders, covered the designated development zones earmarked for the refinery and free trade operations.
Adekola described the visit as “a major milestone confirming the readiness of partners to move from planning to structured execution.”
Adekola added that the team had earlier been received by the Ondo State Governor, Lucky Aiyedatiwa, during a courtesy visit led by the Chairman of BINL and former Senate President, Senator Ken Nnamani.
Aiyedatiwa had lauded the investors for selecting Ondo as the destination for the large-scale project, noting that the initiative would accelerate industrial growth in the state and contribute meaningfully to Nigeria’s economic diversification agenda.
“We are committed to providing a conducive environment for this partnership to thrive and for all stakeholders to enjoy mutually beneficial outcomes,” the governor was quoted as saying.
The delegation also visited the Olugbo of Ugbo Kingdom, Oba Frederick Obateru Akinruntan, who expressed strong support for the project, particularly its potential to transform the Ilaje coast into a major industrial hub.
The monarch warmly received the foreign partners, including Egbal, JM and Maryam, and assured them of the kingdom’s backing, including community cooperation and security.
“Ugbo Kingdom will give full support to ensure the success of the project for the benefit of all,” the Olugbo told the team.
Adekola said the joint venture remains committed not only to the project’s technical success but also to ensuring local communities benefit from modern social amenities. Planned interventions include hospitals, schools, potable water systems, and new settlement clusters equipped with essential infrastructure.
“The team is fully aligned with the design plans and will follow through on every step of the roadmap to deliver a world-class industrial project,” he added.
The refinery and free trade zone development project forms part of Ondo State’s long-term industrialisation plan aimed at leveraging the economic potential of its coastal belt. Earlier project outlines include pipelines, tank farms, modular and standard refinery units, fabrication yards, export-processing facilities and a dedicated logistics corridor intended to attract global energy and manufacturing players.
The refinery, upon completion, is expected to meet local demand for petroleum products, provide feedstock to industries, and export refined products to international markets. It will also include storage facilities, loading bays, terminals, and a network of internal roads, according to the project brief.
Sunshine Joint Venture Infrastructure Limited Established to Propel Completion of Ondo Refinery, FTZ Project
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