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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
Chadian security forces recover cache of arms, arrest suspects in N’Djamena
Chadian security forces recover cache of arms, arrest suspects in N’Djamena
By: Zagazola Makama
Chadian security forces on Sunday recovered a large cache of weapons and ammunition during a joint search operation in parts of the capital, N’Djamena, as part of intensified efforts to combat insecurity.
Sources Zagazola Makama that the operation was carried out in the 10th arrondissement and parts of the 2nd arrondissement of the city.

According to the sources, the joint team of internal security forces seized 28 pistols, 14 other firearms, and more than 1,000 rounds of assorted ammunition during the raid.
They also recovered military equipment and six vehicles suspected to be linked to criminal activities.
“Two gun owners were arrested during the operation and are currently in custody for further investigation,” a senior security official said.
He explained that the exercise was conducted under the supervision of top security authorities and formed part of broader measures to dismantle criminal networks and curb the proliferation of illegal arms in the capital.

The official added that the recovery of the weapons had significantly disrupted the operations of armed groups and criminal elements in the affected districts.
He reaffirmed the commitment of the Chadian security services to sustaining pressure on all groups involved in arms trafficking, banditry and other threats to public safety.
“The security forces will continue intelligence-led operations to ensure the safety of lives and property across the country,” he said.
Chadian security forces recover cache of arms, arrest suspects in N’Djamena
News
VP Shettima Arrives In Switzerland For 56th World Economic Forum
VP Shettima Arrives In Switzerland For 56th World Economic Forum
To Commission Nigerian House in Davos Tomorrow
By: Our Reporter
Vice President Kashim Shettima has arrived in the alpine town of Davos, Switzerland, to lead the Nigerian delegation at the 56th Annual Meeting of the World Economic Forum (WEF), scheduled to be held from January 19 to 23, 2026.
The Vice President arrived from Conakry, Guinea, where he represented President Bola Ahmed Tinubu at the presidential inauguration of President Mamadi Doumbouya on Saturday.

He was received on arrival by the Ministers of Foreign Affairs, Amb. Yussuf Tuggar, and Trade and Investment, Dr Jumoke Oduwole, and officials of the Nigerian mission in Switzerland.
The 2026 WEF marks a milestone in Nigeria’s global economic diplomacy with the official debut of “Nigeria House Davos.” For the first time, the Federal Government has established a dedicated sovereign pavilion on the Davos Promenade.

This facility, a product of a successful Public-Private Partnership (PPP), will serve as a permanent hub for high-level ministerial engagements, investment roundtables, and cultural diplomacy throughout the week.
Vice President Shettima will present Nigeria’s 2026 economic outlook to the world’s most influential political and business leaders, as he participates in key plenary sessions focusing on the responsible deployment of Artificial Intelligence (AI), quantum computing, and biotechnology.
Throughout the week, the Vice President will hold bilateral meetings with heads of state, top executives from multinational corporations, and leaders of international development finance institutions to deepen partnerships that align with the Renewed Hope Agenda of the administration of President Bola Ahmed Tinubu.
In an interview with journalists shortly after the VP’s arrival, Minister of Industry, Trade and Investment, Dr Jumoke Oduwole said Nigeria would makena robust presentation of investment opportunities in the country at the launch of the Nigeria House in Davos which will focus on President Tinubu’s efforts in revamping the economy.

According to the Minister, “we will be showcasing four playbooks on President Tinubu’s efforts in re-engineering the Nigerian economy. We will present our solid minerals sector, climate sustainability agriculture, creative and digital sectors to investors from all over the world.”
VP Shettima Arrives In Switzerland For 56th World Economic Forum
News
CDN Backs Federal Government’s U.S. Lobby Contract, Calls It Strategic Security Move
CDN Backs Federal Government’s U.S. Lobby Contract, Calls It Strategic Security Move
By: Michael Mike
The Coalition in Defence of Nigeria (CDN) has publicly supported the Federal Government’s decision to engage a United States-based lobbying firm over allegations of Christian genocide in Nigeria, describing the move as a strategic step toward strengthening the nation’s security and international relations.
In a statement released on Sunday in Abuja, the coalition insisted that the engagement of the lobby firm is not merely a public relations exercise but a deliberate investment in Nigeria’s long-term stability and global credibility.
The National Publicity Secretary of CDN, Mallam Isa Shehu, said Nigeria is currently grappling with serious security challenges such as terrorism, insurgency, banditry, kidnapping, and organized crime. He noted that these threats extend beyond Nigeria’s borders and are often connected to international networks involved in arms trafficking, extremist financing, and cybercrime.
Shehu argued that hiring a reputable U.S. lobbying firm would help Nigeria build stronger partnerships with foreign governments, particularly in areas of intelligence sharing, counter-terrorism collaboration, and technical support for security agencies.
He further explained that the move would ensure that Nigeria’s security concerns receive greater attention in Washington and other global decision-making centres, reinforcing the government’s commitment to protecting lives and restoring peace across the country.
The coalition stressed that tackling insecurity requires collective effort, not just government action. It called on civil society groups, business leaders, political actors, and ordinary citizens to play their roles in promoting national unity and security.
While acknowledging that the lobby contract alone cannot solve Nigeria’s security problems, the CDN maintained that it is a valuable diplomatic tool that could strengthen the country’s position on the global stage.
The group urged Nigerians to support the Federal Government’s decision, saying the issue is not political but essential for national survival and development.
The CDN concluded by reaffirming its full backing for the initiative and calling for nationwide solidarity in the fight against insecurity.
CDN Backs Federal Government’s U.S. Lobby Contract, Calls It Strategic Security Move
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