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Ukrainian Company Set to Invest in Nigerian Energy Sector

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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

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ECOWAS, Private Sector Unveil Strategies to Boost Tourism in West Africa

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ECOWAS, Private Sector Unveil Strategies to Boost Tourism in West Africa

By: Michael Mike

The Economic Community of West African States (ECOWAS), the private tourism sector and other stakeholders have unveiled strategic initiatives aimed at boosting tourism across the region.

The strategies are contained in a communique issued following a 3-day high level strategic dialogue between ECOWAS, West African private sector tourism stakeholders and experts in Abuja on Thursday.

According to the communique, the meeting recommended that the private tourism sector should formulate a request for funding for the activities of ECOTOUR 19-29 Country Operational Units to the ECOWAS Commission.

It was also recommended that the private tourism sector should generate funds from Technical and Financial Partners (TFPs) with a view to implementing a robust and sustainable regional tourism for economic growth.

The communique also advised the private tourism sector to identify and seek the support of technical and financial partners (TFPs) to support the private tourism sector, practitioners were also asked to initiate and
sign a partnership agreement among themselves and the ECOWAS Commission.

The communique also recommended that ECOWAS Member States should provide national classification commissions and structures in charge of resource regulation.

It also urged them to organize awareness-raising sessions for industry stakeholders on the new regulations.

Also recommended is the organisation of capacity building sessions for national classification commissions and regulatory structures. by the ECOWAS Commission.

It also recommended that Member States should establish harmonized tourism satellite accounts, as well as transmit and make available the new regulations for their individual countries.

The communique also recommended that the ECOWAS Commission should conduct a mid-term evaluation of ECOTOUR 19-29.

The communique was signed by the Director, Hospitality and Travel Trade, Nigerian Tourism Development Authority.
Mrs Ruth Ndam, President, Hotel Ranking Commission of Côte d’Ivoire, Mr Boka Georges, and Director General of Tourism of Guinea Bissau, Mr Massa Cande.

ECOWAS, Private Sector Unveil Strategies to Boost Tourism in West Africa

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FG to Collaborate with Traditional Institutions to Protect and Preserve Environment

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FG to Collaborate with Traditional Institutions to Protect and Preserve Environment

By: Michael Mike

The Minister of Environment, Balarabe Lawal has stated that the Federal Government will continue to collaborate with the traditional institutions in the country, especially in protection and preservation of the environment through discouraging tree felling and promoting clean cooking.

The Minister disclosed this when the Emir of Nasarawa and former Minister of Environment, His Royal Highness, Alh. Ibrahim Usman Jibrin paid a courtesy visit to the Ministry on Thursday.

Balarabe stated that the Ministry is doing alot in tackling environmental challenges such as plastic waste, erosion and flood, desertification, drought control and other climate change challenges.

He assured the visiting monarch that being the former Minister of Environment, he would build on his legacy and achieve the mandate of the Ministry in line with the President Bola Ahmed Tinubu’s Renewed Hope Agenda on environment.

Earlier, the Emir of Nasarawa and former Minister of Environment, his Royal Highness, Alh. Ibrahim Usman Jibrin commended the staff of the Ministry for tackling environmental challenges in the country and assured the Minister of the Traditional institutions unalloyed support to achieve the mandate of the Ministry.

The Emir enjoined the Ministry to work as a team to promote environmental sustainability, emphasizing that “environment is the only one we have, so let us make it conducive”

In another development, the Honourable Minister received in audience the United Arab Emirates Ambassador to Nigeria, H. E Salem Saeed on an official working visit to the Federal Ministry of Environment where important bilateral discussions where centred on Environmental issues such as the Just concluded COP28 held in Dubai, UAE last year, plastic pollution challenges, desertification control, tree planting, erosion and flood control among others.

The Minister commended the UAE for hosting the event and also appreciated the President of COP28, Sultan al-Jabar who provided the outcome of the discussions with an agreement that signal the ” beginning of the end” of the fossil fuel era by laying the ground for a swift, just and equitable transition, unpinned by deep emissions cuts and scale up finance.

Balarabe further revealed that there are alot of areas of collaborations between Nigeria and UAE, most especially on the outcome of decisions reached during COP28.

He also commended President of UAE for resuming flight tickets to the County and the starting issuance of visa to Nigerians starting from 1st October, 2024.

Earlier, the Ambassador of UAE to Nigeria, H. E Salem Saeed congratulated the Honourable Minister of Environment on his well deserved appointment and disclosed that the Ministry is doing very well most especially the participation of Nigeria in Conference of Parties (COP28) In Dubai last year.

Saeed stated that Nigeria and UAE would continue to collaborate and partner on areas of mutual interest on environmental sustainability.

It would be recalled that United Arab Emirates (UAE), last year hosted the COP28 in Dubai with the slogan:UNITE, ACT, DELIVER.”

FG to Collaborate with Traditional Institutions to Protect and Preserve Environment

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Chinese envoy advocates harmony as driver of development

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Chinese envoy advocates harmony as driver of development

By: Michael Mike

The Chargé d’affaires of the Chinese Embassy in Nigeria, Mr Zhang Yi has emphasized the need for Nigeria to embrace harmony as key driver towards national development.

Zhang stated this on Thursday in Abuja at a Seminar: “Promoting Harmony Through Mutual Learning” organised by the Chinese Embassy in collaboration with China Alumni Association and the University of Abuja.

The envoy drawing parallels with China’s own journey towards economic prosperity, shared insights on how embracing diversity while prioritizing harmony had been instrumental in China’s growth story.

According to him, the concept of harmony from Longman dictionary is when people live or work together without fighting or disagreeing with each other.


He said: “Harmony is more emphasised by the Chinese people in our culture. At the level of man and nature, we advocate harmony in coexistence; at the level of family and society, we advocate harmony in integration.

“At the level of nation and civilization, we advocate harmony in diversity: at the level of state and governance, we advocate harmony in development.

“We believe that fostering harmony among various ethnic groups, fostering political stability, and prioritizing infrastructure development were crucial steps towards unlocking Nigeria’s full potential.

“In short, our ultimate goal is to create a harmonious world with peaceful development of mankind.

“As we know, friendship, which derives from close contact between the people, holds the key to sound state-to-state relations, and our cultures can build the friendship bridge connecting China and Nigeria,”he said.

Zhang reiterated China’s commitment to supporting Nigeria’s development efforts through strategic partnerships, technology transfer, and infrastructure investments.

He emphasized the importance of collaboration between the two nations in key sectors such as energy, transportation, and telecommunications to drive economic growth and create opportunities for both countries.

Head of Political Science and International Relations Department University of Abuja, Prof. Sheriff Ibrahim, on his part, said that the seminar comes at a critical juncture for Nigeria, as the nation grapples with issues of insecurity, economic challenges, and social tensions.

Chinese envoy advocates harmony as driver of development

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