Ikeja Electric Plc (IE) has emerged the Best Electricity Distribution Company of the year and Most Gender Diverse Utility Company in 2022 at the maiden edition of Nigeria Power Sector Awards.
Platforms Africa reports that fhe Board Chairman of the company and Executive Director of Sahara Group, Kola Adesina also bagged the Power Sector Lifetime Achievement Awards.
The Chief Executive Officer, Ikeja Electric, Folake Soetan who received the prestigious awards attributed the achievements to the collective efforts of the management and staff of Ikeja Electric.
She said: “It is our collaborative efforts and teamwork that earned us these worthy awards. As the largest electricity distribution company in Nigeria, we will continue to set the pace in the industry. We are committed to bringing energy to life responsibly to ensure a better life for our customers as they depend largely on electricity to carry out their entrepreneurship.
“It has been nine years since the takeover and we have witnessed significant transformation and achievements despite the challenges confronting the sector as a whole. We strongly believe in continuous improvement, that is why we have come this far.”
Soetan noted that the company consistently champions gender diversity at the workplace.
She said: “As a company, we promote gender diversity and we live it. We do not discriminate that certain roles or tasks are best handled by a particular gender. Therefore, in our workforce, you would have noticed the diligent men and women in various capacities in various departments”.
She stated: “Sustainability Development Goal five (SDGs) speaks to gender equality, aimed at empowering all women and girls. And gender equality is not only a fundamental human right but a necessary foundation for a peaceful, prosperous and sustainable world. Diversity at the workplace enables creativity ideas, innovation, teamwork, and a positive reputation for the organization”
“It is worth mentioning that Ikeja Electric has recorded a lot of firsts in the industry by redefining the business and using technology and innovation to improve customer experience and service delivery,” Shoetan stated.
She, therefore, assured all stakeholders that the company would not relent on its efforts in delivering excellent service to grow businesses in Nigeria and better the lives of people.
“These awards are dedicated to our esteemed customers for their support and the entire staff of Ikeja Electric for their unwavering commitment, doggedness, and adherence to the highest standard while carrying out their jobs,” Soetan added.
Chairman, Organizing Committee of Nigeria Power Sector Awards, Mr. Odion Omonfoman, said: “The Nigerian Power Sector is one fraught with myriads of challenges, in spite of these, there are has been measurable progress, innovation, and growth in the sector which deserve recognition.
“In this vein, the Nigeria Power Sector Awards is an initiative to publicly recognize and honor public and private sector organizations and individuals who have contributed to the growth, innovation, and progress in the Nigerian Electricity Supply Industry (NESI). A strategic objective of the initiative is to showcase the progress made across the power sector in order to inspire more growth and change the narrative of the Nigerian Power Sector,” Omonfoman explained.
2024 Budget demonstrates Tinubu’s commitment to fiscal responsibility – Information Minister
The Minister of Information and National Orientation, Alhaji Mohammed Idris, says the 2024 Appropriation Bill of N27.5 trillion submitted to the National Assembly demonstrates President Bola Tinubu’s commitment to fiscal responsibility.
Idris stated this at the 2023 Public Lecture and Annual General Meeting of the Kaduna State Chapter of the Nigerian Institute of Public Relations (NIPR) on Saturday in Abuja.
The meeting with the theme, “Demographic transition, ethical resources, and sustainable development: Reflection on Northern Nigeria”, was organised by the Kaduna Chapter of the NIPR.
The minister described Tinubu as a transformational leader with a solid track record in the private sector and at the level of subnational government.
According to Idris, Tinubu is a man who will not be fazed by challenges and obstacles, because he is a man that is more than equal to the task.
“Just this week, he presented the 2024 Appropriation Bill of N27.5 trillion to the National Assembly, the first full-year budget of his administration.
“The budget as presented, signifies a pivotal step towards the realisation of his Renewed Hope Agenda, by aligning fiscal strategies and priorities with broader national development objectives.
“In addition to its focus on development priorities, the budget demonstrates Tinubu’s commitment to fiscal responsibility with all sense of sincerity, transparency and accountability.
“President Tinubu’s administration recognizes the importance of prudent financial management as the foundation for long-term economic stability.
“As the 2024 appropriation bill moves through the legislative process, we are very optimistic that its passage will mark the beginning of a transformative era, bringing tangible improvements to the lives of Nigerians.
“Before the budget presentation, President Tinubu had assented to an equally important Supplementary Budget, signed some landmark bills and Executive Orders into law, and inaugurated initiatives on fiscal policy reform,” he said.
The minister added that the goal has been to deliver relief to the Nigerian people, and lay the groundwork for true and lasting prosperity.
On the theme of the public lecture, Idris said the concept of demographic transition is a very important one for Nigeria, considering the place it occupies as Africa’s most populous country.
According to him, by the year 2050, Nigeria will be the third most populous country in the world, after India and China, and ahead of the United States.
“On top of this, we are a very young population, with a median age of 19. What this means is that half of the population of our country is younger than 20.
“We owe these teeming young people a great deal, starting with ensuring that they are educated for the world of the 21st century. Indeed, with our population, we are at a crossroads.
“The choice is now up to us, as leaders, as elites, regarding what direction Nigeria will proceed in.
“Today’s young people, if properly educated and catered for, will be tomorrow’s engaged and productive labour force.
“Demographics are not only about age; gender is another important element. Nigeria’s population is roughly split evenly between men and women.
“One of the pillars of President Bola Tinubu’s Eight-Point Agenda is inclusivity, which means inclusive policies and programmes for all segments of the population, especially youth and women.
“You can see manifestations of this, even in the array of appointments made by the president so far, and the prominence given to young people and to women,” the minister said.
The President and Chairman of Council of the Institute of NIPR, Dr Ike Neliaku, represented by a Fellow of the Institute, Alhaji Bashir Chedi, commended the Kaduna Chapter for being active, consistent and always setting the pace.
According to Neliaku, the theme for the conference is very apt and urged members to keep to the ethic and values of the NIPR and also to add value to organisations they are working for.
Similarly, the Chairman of Kaduna Chapter of the NIPR, Mr Haroun Malami, said public relations served as an indispensable tool for shaping perception and fostering a supportive environment contributing to sustainable development initiatives.
He said “figures from the National Bureau of Statistics shows that for every new children born in Nigeria between 2016 and 2019, seven were from the northern states”.
The keynote address on ‘Demographic transition, ethical resource and sustainable development, was delivered by the former Governor of Niger, Dr Mua’zu Babangida Aliyu.
The event attracted the Directors-General of Federal Radio Corporation of Nigeria, Dr Mohammed Bulama; Nigerian Television Authority, Salihu Dembos, and Voice of Nigeria, Mr Jibrin Baba Ndace.
Also, in attendance were officials from Zonal Command of EFCC, FIRS, Kaduna State Government, Gombe Indigens Association in Kaduna, Jam’a Matan Arewa and the Nigeria Union of Journalists.
The awards in different categories were given to deserving members and other personalities in governance, gender politics and empowerment, tax administration, public broadcasting and many others.
COP28: NMDPRA x-rays Nigeria’s decabonisation journey, targets $575bn investment opportunities
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the NMDPRA Industry Sustainability Initiative (NISI) will create over 575 billion dollars in capital investment opportunities for Nigeria, through decarbonisation of operations.
The NMDPRA, while hosting a session on “Nigeria’s Pathway to Energy Sustainability and NMDPRA’s Role” at the UN Climate Change Conference 2023 (COP28) in Dubai, UAE, x-rayed Nigeria’s journey towards reducing carbon emission and achieving Net Zero by 2060.
Speaking at the event, Dr Mustapha Lamorde, Authority’s Executive Director, Health, Safety, Environment and Community (HSEC), said investment would be created through infrastructure and technological development, green economy improvement, stakeholder management and human capital development.
Larmode, in a statement said NISI which was created in line with the Global Sustainability Development Goals (SDGs 3, 7, 8, 9, 11, 13, 16, 17) was geared towards achieving Nigeria’s 2060 Net Zero commitment in the midstream and downstream petroleum industry.
He gave a breakdown of the investment opportunities as highlighted sector by sector – $272 billion in power, $127 billion in infrastructure, $96 billion in oil and gas processing optimisation, $80 billion in industry and $2.8 billion in clean cooking.
Larmode said that achieving the target required strong government commitment and collaboration with the private sector using technological innovation.
Mr Anibor Kragha, Executive Secretary, African Refiners and Distributors Association (ARA), said the NMDPRA and the Nigerian Government should harness funding opportunities for Gas projects from international financiers dealing with agriculture.
This, Kragha said was necessary because of the key role being played by gas in the sector.
He urged the NMDPRA as the regulator of the Midstream and Downstream industry, to develop a decade-by-decade plan to decarbonise the mid/downstream with bankable projects that would elicit finance from foreign donor agencies.
He also emphasised the importance of developing and including young people in the decarbonisation drive, as they were expected to play a major role in implementing the initiatives in the future.
Mr Mansur Alkali, Authority’s Executive Director, Midstream and Downstream Gas Infrastructure Fund (MDGIF), explained that the MDGIF which was set-up in pursuant of section 52 of the Petroleum Industry Act, was pivotal towards accelerating investments along gas value chain.
Akali said that the MDGIF was neither a grant nor a loan, but rather an investment initiative designed to de-risk investments through partnerships with private sector players to build the necessary infrastructure to harness the country’s vast gas resources.
Similarly, Mr Abel Nsa, Senior Technical Adviser on Transition Energy to the Minister of State, Petroleum Resources (Gas), Mr Ekperipe Ekpo, said the Host Community Development Framework as inaugurated by the commission for upstream operations amongst other benefits would ensure oil and gas assets were adequately protected.
Nsa also said that the framework would ensure uninterrupted production and supply of petroleum product which were critical to midstream operations.
He added that the Decade of Gas initiative of the government would also guarantee availability of Gas for domestic utility.
According to him, discussions are currently ongoing with upstream gas producers to deliver on the mandate.
In the end, all the panelists agreed that Nigeria’s future lies in increasing its cleaner energy capacity and attracting the right global and domestic finance to critical energy projects.
The session was moderated by Mr Atebe Jerome, Technical Advisor on Health, Safety, Environment and Community, to the Authority Chief Executive.
NG-CARES: FG disburses N135.4b to states, FCT
The Federal Government has disbursed N135.4 billion to States and the FCT, after the second Independent Assessment of Results achieved under the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES).
The News Agency of Nigeria (NAN) reports that NG-CARES is a World Bank-assisted $750 million Performance For Results Programme.
The National Coordinator of NG-CARES Programme, Dr Abdulkarim Obaje, made this known in a statement by Suleiman Odapu, Information and Communication Officer, NG-CARES, on Sunday in Abuja.
Obaje said the funds were disbursed based on the results achieved by the States and FCT in their efforts at supporting poor and vulnerable Nigerians under the NG-CARES programme.
” The top three best performing states in this Second Round of Assessment are Nasarawa which earned N13,697,828,496.96, Cross River N10,944,747,818.84 and Zamfara N10,231,055,267.82.
” This is a milestone achievement in the efforts of President Bola Tinubu administration at providing funds towards addressing multi-dimensional poverty in the country, ” Obaje noted.
He commended the Minister for Budget and Economic Planning, Sen. Atiku Bagudu, for providing the needed leadership at the federal level to coordinate the implementation of NG-CARES programme at the states and FCT.
The national coordinator also commended state Governors, the FCT Minister and the World Bank for providing support.
NG-CARES Programme is an initiative of the Federal Government strategically designed to serve as a shock response mechanism and distribution channel for reaching poor and vulnerable.
It is implemented through 158 integrated Ministries, Departments and Agencies of all the 36 State Governments and FCT Administration with well proven track record of performance under previous Donor Supported assistance.
The programme aims to expand access to livelihood support and food security services and grants for poor and vulnerable households and firms.
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