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Nigeria’s top business leaders, UN to visit Borno in support of conflict-affected people in the North-East

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Some of Nigeria’s most influential and powerful business leaders travelled to Maiduguri on Tuesday in a first-ever collective visit to camps for internally displaced people where aid agencies have been responding to the most urgent needs of women, men, and children freshly displaced by the ongoing conflict.

Mr. Adewale Tinubu, Group CEO of Oando Plc, one of Nigeria’s largest indigenous energy companies, led a delegation that included Access Bank’s Group Managing Director Mr. Herbert Wigwe, and former chairman of the Nigerian Economic Summit Group (NESG) Mr. Kyari Bukar, among other private sector leaders. They joined the UN Humanitarian Coordinator in Nigeria, Mr. Edward Kallon, and other UN representatives on a visit to two IDP camps in Maiduguri, the Borno State capital, where they met people whose lives have been uprooted by the ongoing crisis.

“The humanitarian community has been working tirelessly to provide shelter, food, health care and other basic needs to families who have been left with little or nothing. To see CEOs of banks and energy companies show compassion for the mothers and fathers, daughters and sons affected by this crisis brings a new beacon of hope for people who have endured too much. Together with the leading business minds in Nigeria, there is so much more we can do for Nigeria’s most vulnerable people,” said Edward Kallon, United Nations Humanitarian Coordinator for Nigeria.

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The visit was part of the Nigeria Humanitarian Fund-Private Sector Initiative (NHF-PSI), a groundbreaking global initiative created in Nigeria that will see companies join donor countries in pooling donations and resources together. The platform aims to create a more collaborative and effective response to the ongoing humanitarian crisis that has affected over 7 million people in Nigeria’s north-east, 80 percent of whom are women and children.

“This initiative is about Nigerians helping Nigerians. Today I have witnessed some of the most vulnerable people; women and children in the most dire circumstances. Having seen the magnitude of their humanitarian needs, it is obvious that it is not a task that the Government or any one agency can take on alone,” said Mr. Adewale Tinubu.  “The onus is on us to use our position to repair, nurture, build and sustain our society and pave a path for a truly inclusive economy,” Mr. Tinubu added.

The delegation also met with the Executive Governor of Borno State, Alh. Kashim Shettima who welcomed this unique partnership.

“I am very glad that the Nigerian private sector, a very vibrant sector, is at the vanguard of driving this program. In the UN, Nigeria’s private sector has found a partner that has the integrity to truly make things work”, Governor Shettima stated.

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Fourteen of the biggest companies in Nigeria signed up to the initiative launched in Lagos in November 2018, which will harness their financial resources, innovative capacity and entrepreneurial drive in support of the humanitarian response in the affected states of Borno, Adamawa and Yobe.  The NHF-PSI offers a measurable and accountable platform for companies to pool their resources together to more effectively transform the lives of millions of their fellow Nigerians.

To date, the Nigeria Humanitarian Fund has raised $83 million in contributions and pledges, thanks to the generous support of seventeen donor countries.  Nigeria boasts one of Africa’s largest economies with an emerging and thriving private sector globally.

The United Nations and founding private sector members of the initiative are urging more businesses to come together and collaborate under the platform of the Nigeria Humanitarian Fund-Private Sector Initiative.

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FG Unveils Unbundling Plan for Electricity Distribution Companies

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In a bid to enhance efficiency within Nigeria’s power sector, the Federal Government has initiated the unbundling process for 11 electricity distribution companies (DisCos).

This move aims to streamline operations and bolster effectiveness within the sector, as highlighted by Nigeria’s Minister of Power, Adebayo Adelabu.

Addressing the Senate Committee on Power in Abuja, Minister Adelabu emphasized the necessity of restructuring the DisCos into more manageable entities aligned along state lines.

He stressed the impracticality of current setups, citing examples such as the Ibadan Disco, which spans across seven states, hindering operational efficiency.

Also, Minister Adelabu disclosed the government’s intention to exercise its ownership rights in the DisCos, reclaiming management responsibilities to rectify operational shortcomings. He underscored the imperative of governmental intervention, citing past mismanagement by private sector operators.

In tandem with the unbundling initiative, the Federal Government has directed the sale of DisCos currently under the management of banks and the Assets Management Corporation of Nigeria (AMCON). Four DisCos, including Abuja, Benin, Kaduna, and Kano, are now under bank management due to loan repayment issues, signaling a broader need for industry-wide reform.

The Senate Committee on Power echoed concerns over DisCos’ inefficiencies, advocating for comprehensive overhauls to address longstanding performance deficits. Senator Danjuma Goje decried DisCos’ lackluster contributions to the power sector, labeling them as “complete failures.”

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In response to mounting challenges, Minister Adelabu outlined key strategies to revitalize the sector, including stringent regulatory measures, franchise agreements, and accelerated completion of transmission projects. Additionally, efforts are underway to bridge the metering gap and expand renewable energy capacity to bolster the national grid.

Looking ahead, the Federal Government remains committed to realizing its vision of a robust and sustainable power sector, with plans underway to achieve a target of 6,000MW of power generation by the year’s end. As stakeholders collaborate to address systemic deficiencies, the trajectory of Nigeria’s power sector points towards a future marked by resilience and progress.

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Nigerian Army Dismisses Two Personnel Over Alleged Theft at Dangote Refinery

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The Nigerian Army has swiftly acted on allegations of misconduct within its ranks, as it announces the immediate dismissal of two of its personnel implicated in a reported theft at the Dangote refinery in Lagos.

Director of Army Public Relations, Onyema Nwachukwu, affirmed this disciplinary action in a statement released on Monday.

Corporal Innocent Joseph and Lance Corporal Jacob Gani have been relieved of their duties and handed over to the police for further investigation.

“As a demonstration of NA’s zero-tolerance for misconduct and criminality within its ranks, the two soldiers have been dismissed from the NA with immediate effect and handed over to relevant authorities for further prosecution,” Nwachukwu stated.

Major General Nwachukwu outlined the charges against the soldiers, citing their abandonment of duty post and unauthorized possession of materials. He noted that they were summarily tried and found guilty in accordance with military laws.

“This decisive action underscores the NA’s resoluteness in maintaining its institutional integrity and reputation,” Nwachukwu added. “The NA reassures the general public of its dedication to upholding integrity, discipline, and accountability at all levels.”

“We remain resolute in our duty to protect and serve the nation with honor and dignity,” he concluded.

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Rainstorm plunges forty Ogun communities into darkness

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Forty communities in Ogun State have been plunged into darkness following a rainstorm on Sunday.

The downpour, which began midday, destroyed electricity facilities in some parts of the state, leading to a blackout.

“Due to broken poles occasioned by the heavy downpour at Ota and Mowe, customers in the following communities: lyana lyesi, Osuke Town, Egan Road, lyana Ilogbo, Ijaba, Ijagba, Itele, Lafenwa, Singer, Joju, Alishiba, Oju Ore, Tollgate, Eledi, Akeja, Abebi, Osi Round About, Ota Town, Ota Industrial Estate, Igberen, lju, Atan, Onipanu, Obasanjo, Lusada, Arigba, Odugbe, Ado-Odo, Igbesa, Owode,” the Ibadan Electricity Distribution Company (IBEDC) said in a statement late Sunday.

“Olokuta, Hanushi, Bamtish Camp Lufiwape, Eltees Farm, August Engineering, Spark Cear Soap Ayetoro, Amazing Grace Oil, Christopher University, Royal Garden Estate, Pentagon Estate, and environs are experiencing power outages”.

It called on residents of the areas to avoid “contact with the broken poles, saggy wires or any other electrical installation affected by the rain.

“Our technical team is working to clear and replace the broken poles and installations to ensure power supply is restored as soon as possible,” IBEDC said.

A video circulating on social media showed fallen electricity poles on vehicles in a flooded Sango-Ota area of the state.

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