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Ukrainian Company Set to Invest in Nigerian Energy Sector
Ukrainian Company Set to Invest in Nigerian Energy Sector
By: Michael Mike
A Ukrainian company, EDS, has started the move to invest in Nigerian energy sector.
The Director of the company, Zapyshynyi Olexandr, addressing a press briefing in Abuja on Monday, said the company was already mapping out strategies on how to go about the project.
Olexandr while noting that the project will combine solar, wind and hydro energies, said it will begin in the FCT and Lagos before cascading to other states.
He said: “We are looking at mini-grids because we realised that that is where the energy problem is in Nigeria.”
He revealed that: “How successful the first project is will determine how much investment we will bring in.”
He said Nigeria should expect more investments from Ukraine, for the country is moving towards investing in Africa.
Olexandr said the President of Ukraine has given the go ahead for Ukrainian companies to invest in Africa.
Also speaking at the press conference, President of the Ukraine-Nigeria Business Council, Ben Gbade Ojo, said: “Today, we are pleased to present to Nigerians the EDS Ukraine Power and Engineering, a Ukrainian company that has all it takes to turn around the electric power fortunes of Nigeria and help transform Nigeria into a power-efficient nation.
“We welcome the EDS to Nigeria and urge all Nigerians to take advantage of their immense capabilities for sustainable power sector efficiency in Nigeria.”
He said the prime objective of this press conference was to avail the government and Nigerians of the vast opportunities available for the sustainable development and maximal performance of Nigeria’s troubled electric power sector, through a partnership with the people of the Republic of Ukraine.
The Electricity Act of 2023, signed into law by President Muhammadu Buhari in March 2023, and the Amended Act, signed into law this year by President Bola Tinubu permit private participation across all levels of the electricity supply chain, provided such private entities obtain the appropriate licence (s).
Based on the amendment, Nigerians can now participate in the electricity supply business, which was previously the exclusive preserve of the federal government, as administered by the sector regulator, the Nigerian Electricity Regulatory Commission. (NERC).
With the constitution amended, and the National Assembly having passed a law for the electricity sector in line with the amendment and having become an Act, the states will now proceed to establish their power sector laws and regulations.
The 2023 Electricity Act, by virtue, allows anyone to construct, own, or operate a business for generating electricity exceeding one megawatt in aggregate at a site.
Ojo also said the Ukrainian-Nigerian Business Council had fully mobilised to help the federal and state governments and all-electric power sector players and stakeholders benefit maximally from this revolutionary Electricity Power Act.
Ukrainian Company Set to Invest in Nigerian Energy Sector
News
Two soldiers under probe for alleged collaboration with ISWAP terrorists, leaking troops movement in Yobe
Two soldiers under probe for alleged collaboration with ISWAP terrorists, leaking troops movement in Yobe
By: Zagazola Makama
Two soldiers of the 135 Special Forces Battalion are currently under investigation for alleged collaboration with ISWAP terrorists, Zagazola Makama has learnt.
Military sources told Zagazola Makama that the soldiers’ telephone communications were tracked by Security Intelligence, linking them to the recent kidnapping of commuters along the Gashua–Azare highway in Yobe State.
The intercepted calls reportedly indicated that the suspects likely leaked the movement of a patrol team along the Buratai–Kamuya–Azare–Gashua route to the insurgents, enabling the ambush.
It was gathered that the suspected leak contributed to the terrorists’ operation, which was later foiled by troops of the 135 SF Battalion during a swift rescue mission on May 9
Two soldiers under probe for alleged collaboration with ISWAP terrorists, leaking troops movement in Yobe
Troops rescue four kidnapped commuters in Yobe, foil ISWAP terrorist ambush
By: Zagazola Makama
Troops of the 135 Special Forces Battalion under Operation Desert Sanity IV have rescued four kidnapped civilians from ISWAP terrorists following a swift counter-offensive along the Gashua–Azare highway in Yobe State.
Intelligence sources told Zagazola Makama on Saturday that the operation was carried out at about 6:10 p.m. on Friday, May 9, after intelligence reports indicated that insurgents had abducted travelers while riding on 15 motorcycles.
Quick Response Forces (QRF) from the battalion, swiftly mobilised to the area and engaged the terrorists in a heavy exchange of gunfire.
“The troops overpowered the terrorists, forcing them to retreat in disarray and abandon one motorcycle,” the source said.
The soldiers pursued the insurgents up to 6 kilometers from the ambush point, leading to the successful rescue of four abducted civilians. Items recovered from the scene included a pumping machine, a motorcycle tube, a plier, and three spanners.
Troops rescue four kidnapped commuters in Yobe, foil ISWAP terrorist ambush
Zulum orders immediate ban on the sale of fuel in Bama LGA
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum, has ordered an immediate ban on the sale of fuel (petrol) in filling stations across Bama Local Government Area, including Bama town and Banki.
The ban was issued after due consultations with security agencies in the state and is aimed at addressing the prevailing security challenges in the state.
In a statement on Saturday by the Special Adviser to the Governor on Media, Dauda Iliya, the measure is part of the state government’s strategic response to counter insurgency operations.
“I have directed the immediate ban on the sale of petrol in Bama town, Banki, and other parts of Bama Local Government Area with immediate effect,” Governor Zulum stated.
He warned that anyone found violating the directive would face the full weight of the law.
“Let me make it clear—there will be no sacred cows in the enforcement of this ban. Security agencies have been given strict orders to clamp down on any filling station or individual contravening this directive. Anyone found culpable will be dealt with accordingly,” he warned.
Governor Zulum reiterated his administration’s commitment to restoring lasting peace in the state and called for the support and cooperation of citizens in the ongoing fight against insurgency.
Zulum orders immediate ban on the sale of fuel in Bama LGA
Two soldiers under probe for alleged collaboration with ISWAP terrorists, leaking troops movement in Yobe
Troops rescue four kidnapped commuters in Yobe, foil ISWAP terrorist ambush
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