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Nigeria Needs $10bn PPP Investment in Power Sector – Adelabu

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The Federal Government says it needs 10 billion dollars Public-Private-Partnership investment in the power sector, in the next five to 10 years, to achieve 24 hours power supply.The Minister of Power, Mr Adebayo Adelabu disclosed this when the Director-General, Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Ewalefoh paid him a courtesy visit.

A statement on the visit was made available to the Newsmen on Wednesday in Abuja, by Mr Ifeanyi Nwoko, Acting Head, Media and Publicity, ICRC.
In the statement, Adelabu said that the government alone, could not afford the 10 billion dollars, when there were other critical sectors in need of funding.“Government cannot do it alone this is why we have to look for organised private sector funding, while still retaining government interest and ownership.
“That is where ICRC comes in. We need to do this in collaboration with the private sector and the best way is through concession,’’ he saidEarlier, Ewalefoh said it had become imperative to seek private sector input through Public Private Partnership to improve the power sector.He said in view of the importance of power to the economic development of the nation, optimising performance of existing infrastructure as well as funding new ones was imperative.The ICRC boss said that the challenges in the sector were many and had gone beyond funding by the Federal Government alone.According to him, with inter-agency collaboration and partnership with the private sector, the limitations could be addressed.The D-G said that through its regulatory processes, the ICRC could midwife private sector investment to raise part of the 10 billion dollars needed in the sector to provide regular electricity.He added that the ICRC could also attract more foreign direct investment to other sectors and ultimately grow the economy.“Revamping the power sector requires planning, it involves investments and it takes time. So, we need to collaborate to solve the issues in this sector.“The investment required in the power sector is very huge and government cannot fund it alone, so we have to leverage on the financing capacity of the private sector.”That is why the ICRC was set up to regulate this leverage,” he said.Ewalefoh commended the minister for his vast knowledge of the sector, noting that President Bola Tinubu ‘s decision on his choice was commendable.He recalled that in a bid to accelerate PPP investment as directed by the President, the commission issued a 6-point policy direction which streamlined the process of PPP service delivery.The D-G said that the commission was not relenting or compromising on its stringent regulatory function to forestall contingent liabilities or unnecessary delays by companies that lacked the requisite capacity. (NAN)

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Achieving Peace not Just About Wielding Guns – Jonathan

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Former President Goodluck Jonathan says achieving peace in society goes beyond carrying rifles and guns, insisting that justice and equity must prevail.Jonathan made this known on Saturday in Abuja, where he was the guest of honour at the President’s Night organised by the Rotary Club of Asokoro.

Represented by former Chief of Defence Staff, Retired Air Chief Marshal Oluseyi Petirin, the former president emphasised that peace was not merely the absence of war, but the presence of fairness.
“You see, he (Jonathan) has this sense of justice, that we must be just. We should not exclude anybody.“He understood that achieving peace is not just about carrying rifles and guns. In fact, he believed that this accounts for just about 30 per cent of what is needed.
“The remaining 70 per cent involves hard work, people talking, negotiating, agreeing, disagreeing, coming back again to discuss and then finally agreeing,” he said.According to him, this approach was instrumental in restoring peace to Plateau State during Jonathan’s administration.He also commended the Rotary Club for its impactful service to humanity.In his remarks, the 24th President of the Rotary Club of Asokoro, Mr Babatunde Adetoba, said the event was to showcase the club’s contributions to the community.“Rotary Club is an international organisation that has been established for over 100 years. We focus on seven key areas, including education, water, sanitation, and maternal health,” he said.Adetoba revealed that the club recently assisted indigent patients with free cataract surgeries and donated five million Naira to a hospital.“We reached out to Internally Displaced Persons (IDP) camps, donated drugs and medications, conducted free eye screenings, and gave out free glasses.“Rotary is big on polio eradication. Globally, we have spent over 2.6 billion dollars on the cause, and we continue awareness efforts to ensure Nigeria remains polio-free,” he added.He described charitable donations as a noble act that did not necessarily require much.“A small amount can put a smile on someone’s face or change their life forever,” he said.Adetoba also noted that the club had sustainability measures in place to ensure the long-term impact of its projects.Speaking on the essence of the President’s Night, he said it was an opportunity for the president to honour friends, associates, and supporters who have contributed to the club’s achievements over the year.The News Agency of Nigeria (NAN) reports that Stella Okotete, Executive Director of Business Development at the Nigerian Export-Import Bank (NEXIM), and Hajiya Halima Buba, Managing Director of SunTrust Bank, were also honoured at the event for their outstanding contributions to society. (NAN)

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21 Terrorists Neutralised in Damboa Again  — Army

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Airforce Destroys Terrorists Structures in Bakassi
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Troops of Operation Hadin Kai (OPHK) have repelled a deadly attack by ISWAP terrorists in Damboa, Borno, neutralising 21 insurgents and recovering a cache of arms and ammunition.

Capt. Reuben Kovangiya, Acting Deputy Director, Army Public Relations, Headquarters Theatre Command, confirmed this in a statement issued in Maiduguri on Friday.

Report saya that the attack, which occurred in the early hours of Friday, targeted troops of the 25 Task Force Brigade.

Daily Asset, however, reports that the soldiers, with the support of the Air Component of OPHK, engaged the terrorists in a fierce and prolonged firefight that lasted over two hours.

Kovangiya said the troops displayed gallantry and tactical superiority during the confrontation, forcing the terrorists to retreat in disarray, leaving behind more than 21 of their fighters who were neutralised during the engagement.

“The gallant troops, supported by Close Air Support, stood their ground and repelled the attack despite the ferocity of the enemy.

“The insurgents suffered devastating losses and were forced to flee,” he said.

The spokesman said that during the exchange of fire, an ammunition storage facility within the military formation was hit by a blast, but the situation was quickly brought under control.

He also confirmed that the troops recorded minor casualties.

“Following the mop-up and exploitation operation, the following weapons and ammunition were recovered:

“Two General Purpose Machine Guns (GPMG) three Rocket Propelled Grenade (RPG) tubes, one pump-action rifle, nine AK-47 rifles, three belts of PKT rounds, eight AK-47 magazines, seven RPG bombs, two boxes of 12.7mm x 99mm ammunition, one and a half box of PKT rounds and 20 pieces of 36 hand grenades,” Kovangiya said.

The spokesman said that the success of the operation was a clear demonstration of the effectiveness of joint land and air efforts in counterterrorism operations which further reaffirmed the Nigerian military’s resolve to restore peace in the North-east.

“The bravery and sacrifice of the troops remain a symbol of national pride.

“Their unwavering commitment to defeating insurgency and restoring peace in the region is commendable,” he said.(NAN)

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Enugu Govt Sets up Human Development Council

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Gov. Peter Mbah of Enugu State, on Friday, inaugurated the Enugu State Human Development Council at the Government House. He stressed that human capital remains the true wealth of any nation and a core priority of his administration. The Council is chaired by the Deputy Governor, Ifeanyi Ossai, and includes State Executive Council members and heads of MDAs.

Also represented are the legislature, local governments, traditional rulers, church leaders, and civil society organisations.
Mbah explained the Council aligns with his government’s emphasis on human development and social investment. He urged the members to take the task seriously and work towards tangible outcomes. “One of our top priorities is eradicating poverty and reducing the poverty headcount to zero,” Mbah noted.
He added that the government’s philosophy prioritises human capital over natural resources. “Our last two budgets allocated over 50 per cent to social services,” the governor stated. In his response, Ossai assured the governor of members’ commitment to the Council’s goals. He emphasised that all government initiatives — from schools to roads — are people-focused. “All our projects aim to improve lives, and the Council will help us track and measure progress,” Ossai said. (NAN)

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