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Imports dependence frustrating power sector development – Adelabu

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The Minister of Power, Adebayo Adelabu, has stated that the country’s reliance on the importation of equipment needed for the power sector revamp had been a major setback.

Adelabu stated this when he recently visited Splendor Electric Nigeria Limited, a company producing electrical porcelain products in the Odogbolu area of Ogun State.

 Speaking during a tour of the factory, which uses clays to produce electric pole insulators, Adelabu stated that the Federal Government was ready to support local producers as that would help reduce importation.

He described the infrastructure deficit as one of the hurdles facing the power sector.

 The minister expressed concerns that it had been difficult to achieve speedy enhancement of infrastructure and prompt maintenance because the items needed were not produced locally.

 According to Adelabu, there is always difficulty sourcing foreign exchange to order the products, adding that there is always a long period between when the items are ordered and the time of arrival.

“One of the major hurdles in the power sector is infrastructure deficit, the infrastructure gap across the segments of the power sector, especially transmission and distribution infrastructure, which the ministry is trying to enhance and upgrade to ensure the revamping or resuscitation to ensure stability electricity supply in the country.

 “It has been quite frustrating to achieve speedy or accelerated enhancement of infrastructure and ensure proper and prompt maintenance because all the items in this infrastructure are imported. They are not manufactured here. Apart from the difficulties in sourcing foreign exchange for this importation, there is also a delay in terms of the cycle of importation between the time of order and the time of arrival. This has been frustrating effective maintenance of infrastructure. In the power sector,” he stated.

Adelabu reiterated the commitment of the Federal Government to supporting local manufacturers to grow the economy.

He promised to support Splendor Electric in ensuring its products are patronised by contractors and agencies like the Transmission Company of Nigeria.

While asking the company to approach the ministry for any assistance, he charged them to always supply products that could compete favourably with imported ones in terms of quality.

Earlier in his welcome address, the Managing Director of Splendor Electric, Mr Weitei Guo, claimed that the company was the sole manufacturer of electrical porcelain insulators in Africa, saying it commenced operations in Nigeria last year.

“As a technology leader and manufacturer of electrical porcelain insulators for overhead distribution and transmission lines, our company occupies 230,000 square metres and we have full sets of technical facilities for types of porcelain insulators. The total investment of our company will reach $50m. Now we just finished our first phase of investment and we are planning the second phase of investment,” Guo explained.

He declared that the company was a dedicated specialist focused on high and low-voltage porcelain insulators and metal fittings, such as cross arms, hoops, and wire clamps.

 “Our main products include suspension/disc insulators, anti-pollution type insulators, pins, spools, line posts, strain, shackle and more than 100 types of insulators. All the products are produced in strict accordance with international quality standards,” he disclosed.

He said the company in Nigeria could provide high-quality, reliable electrical porcelain products to global markets.

“We are trying to export to nearby African countries, European countries, the Middle Eastern countries and countries of the Americas in the future,” he declared.

Guo promised that the firm would provide comprehensive support and services to Nigeria’s power industry, hoping to promote the discussion and exchange of mutual learning between China and Nigeria in the power industry.

“We will devote ourselves to the development of Nigeria’s power industry and make greater efforts,” he promised, believing that through strategic partnerships, the company can contribute to the economic and industrial development of Nigeria.

According to a recent World Bank report, the country has the world’s largest absolute electricity access deficit, with 45 per cent of the population (90 million people) lacking access to the electricity grid.

It stated that significant disparities in electricity access existed between urban areas, where 84 per cent of the population had access, and rural areas, where only 26 per cent did.

Meta deletes 63,000 accounts linked to cybercriminals

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Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has removed 63,000 accounts associated with the notorious “Yahoo Boys” scam group, the company announced in its Q1 2024 Adversarial Threat Report on Wednesday.

The accounts, deleted over the past few weeks, were used for financial sextortion scams and distributing blackmail scripts.

Meta reported that a smaller network of 2,500 accounts, linked to around 20 individuals, primarily targeted adult men in the United States using fake identities.

Meta said it identified and disabled those accounts through a combination of advanced technical signals and comprehensive investigations, enhancing its automated detection systems.

“Financial sextortion is a borderless crime, fueled in recent years by the increased activity of Yahoo Boys, loosely organized cybercriminals operating largely out of Nigeria that specialize in different types of scams.

“We have removed around 63,000 accounts in Nigeria attempting to target people with financial sextortion scams, including a coordinated network of around 2,500 accounts.”

“We have also removed a set of Facebook accounts, pages, and groups run by Yahoo Boys—banned under our dangerous organisations and individuals policy—that were attempting to organize, recruit, and train new scammers,” the company explained.

During the investigation, Meta said it found that most scammers’ attempts were unsuccessful, though some had targeted minors, noting that those cases were reported to the National Centre for Missing and Exploited Children.

Meta revealed that it also shared information with other tech companies via the Tech Coalition’s Lantern program to help curb these scams across platforms.

Further, the parent company of Facebook said it removed around 7,200 assets in Nigeria, including 1,300 Facebook accounts, 200 pages, and 5,700 groups that were providing scam-related resources.

These assets were found offering scripts and guides for scams and sharing links to collections of photos for creating fake accounts, it expounded.

Since this disruption, Meta’s systems have been actively blocking attempts by these groups to return, continually improving their detection capabilities.

The company noted that it had also been working closely with law enforcement, supporting investigations and prosecutions by responding to legal requests and alerting authorities to imminent threats.

The social media giant stated that its efforts extended beyond account removal.

“We also fund and support NCMEC and the International Justice Mission to run Project Boost, a program that trains law enforcement agencies around the world in processing and acting on NCMEC reports.

“We’ve conducted several training sessions so far, including in Nigeria and Cote d’Ivoire, with our most recent session taking place just last month,” the firm revealed.

To protect users, especially teens, Meta disclosed that it has implemented stricter messaging settings for users under 16 (under 18 in certain countries) and displays safety notices to encourage cautious behaviour online.

Last week, Meta was fined $220m by Nigeria’s Federal Competition and Consumer Protection Commission for multiple violations of data protection laws linked to WhatsApp.

The investigation, initiated in May 2021, found that Meta’s privacy policies infringed on users’ rights, including unauthorized data sharing and discriminatory practices.

Meta planned to appeal the decision, arguing that it disagreed with the findings and the imposed penalty.

Nigeria has only 3.7% forest cover – Minister

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The Minister of Environment, Balarabe Lawal, has stated Nigeria has the lowest forest cover globally, having only 3.7 per cent.

He said this when he appeared as a guest on an episode of Unfiltered: The Big Interview on YouTube, monitored by our correspondent.

He said, “Environment is very important for all of us; it is the gateway to good health and should be given more emphasis.

“There are so many issues we need to address, but the one I have been on is getting our forest in shape.

“We have three problems. Number one is that Nigeria is now one of the least countries with forest cover. The minimum required for a nation is 25 per cent, but Nigeria has gone down to less than 10 per cent. In fact, the present per cent is 3.7 per cent of forest cover.

“Hence, we are almost in a crisis, that is why I had to approach Mr President in this regard, and he asked me to come up with some proposals to address this issue.”

Lawal noted that forests had become habitation grounds for bandits and criminals.

He said, “We found out that most of the attacks, kidnappings, and others are actually from the forest and the President is very keen on this.

“Our judges are also being trained on how to prosecute forest crimes. We might extend it to environmental crimes generally because we found out that most of our justices do not give the area the attention it deserves.

“For instance, killing elephants should be a heinous crime because they are very rare. So, the forest is very important, and we are taking lots of measures to address forest issues.”

Speaking on the Lake Chad region, the Minister asserted that the treaty on Lake Chad aggravated the problem.

He said, “We are trying to go back to the previous ecosystem of Lake Chad. The President is very keen on this.

“Forests and Lake Chad are one of the matching orders the President gave us. We are working on it and getting some funding for Lake Chad, but it is not enough, however, whatever we get, we will start with it.”

According to the World Bank, Lake Chad’s shrinkage occurs against a backdrop of escalating water demand, increasing scarcity, growing uncertainty, and greater weather extremes.

“Both climate change and global population growth are adding to strains on water use and supply.

“Estimates show that with current practices, the world will face a 40 per cent shortfall between forecast demand and available supply of water by 2030, which means that understanding the dynamics of water availability is more important than ever,” the global lender stated.

Ibadan DisCo boosts power supply capacity in Ogun

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The Ibadan Electricity Distribution Company has disclosed that it had completed the enhancement of its electricity infrastructure serving the Sango-Ota axis of Ogun State.

The upgrade, the DisCo said, was aimed to substantially improve the power supply reliability for customers in the region, reducing complaints of blackouts.

In a statement on Wednesday, the IBEDC Managing Director, Francis Agoha, disclosed that there was a successful migration of the Sango 33KV feeder to a more robust T3 100MVA, 132KV/33KV transformer at the Ota Transmission Station.

“Additionally, IBEDC has introduced a new dedicated Roto Crown 33KV feeder. These enhancements are designed to cater to the increasing electricity demands and ensure superior service quality for over 10,241 IBEDC customers,” Agoha said.

He noted that the upgraded transformers at the Ota Transmission Station supported three essential feeders: Rotocrown 33KV, Tower Alloy 33KV, and Sango 33KV.

He added that the upgrades would enable IBEDC to meet the rising energy needs in the region and provide a stable electricity supply to numerous communities.

“Notably, the enhanced Sango 33KV feeder will benefit residents of Alishiba, Ilogbo, Bayo Block, Animashaun, and Ewupe.

“These improvements are expected to significantly enhance the quality of life for residents and businesses in these areas by ensuring a more consistent and reliable electricity supply,” he submitted.

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Osimhen open to Saudi move – Report

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Italian publication Tutto Napoli on Wednesday reported that Nigeria international Victor Osimhen was getting fed up with the prolonged negotiation between Napoli and suitors Paris Saint-Germain, with the striker now open to a move to Saudi Arabia, According Sports Extra reports.

The report further stated that Al-Ahli and Al-Hilal are set to make another move for the Nigerian, who is eager to have his future sorted out before the start of the season.

Osimhen has emerged as one of the most sought-after strikers in Europe, having been linked with moves to Chelsea, Arsenal, Paris Saint-Germain, Manchester United, and Liverpool, among others.

However, his hefty €130m release clause has scared off many suitors, with PSG the only European club still keen on signing him.

Talks between Napoli and PSG have taken another turn, with reports emerging that the Ligue 1 side will have to sell either Gancalo Ramos or Randal Kolo-Muani before proceeding with the signing of the Nigerian striker.

While Osimhen is ready to leave Napoli this summer, the Super Eagles striker’s priority is to remain in Europe and fight for the biggest trophies on the continent.

Osimhen had rejected numerous offers from clubs in Saudi Arabia in the past. Tutto Napoli wrote that the 25-year-old had instructed his entourage to listen to offers from the Middle East.

“Yesterday’s slowdown in the negotiations between Victor Osimhen and PSG is sensational: the Napoli striker, tired of waiting for the French to find him a place in the team by selling Kolo Muani or Gonçalo Ramos, winks at Saudi Arabia,” the Italian publication wrote.

“The Nigerian is covered by a €130m release clause that is considered excessive even by the sheikhs of Paris. So the French have tried without success to include their surplus strikers in the talks to unblock the operation.

“Osimhen is fed up, a prisoner of his golden contract. De Laurentiis will probably grant discounts on the clause but not sales. Therefore, the player’s entourage, in order to hurry the French and unblock an embarrassing situation, has made it known that the centre-forward would be available to listen to Al Hilal’s proposal.”

Osimhen joined Napoli from Lille in the 2020 summer for a club record fee of €70m plus another €10m in bonuses.

The 25-year-old has been in top form for the Parthenopeans for the past two seasons, guiding them to their first Scudetto title in over three decades in the 2022/23 season, scoring 26 league goals, which earned him the top scorer award.

UK promises to reconnect with Africa

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The United Kingdom has said it will ‘move beyond the outdated models of patronage’ to reconnect with African countries in its partnership approach.

The new UK Minister for Africa and Deputy Leader of the House of Lords, Ray Collins, who is the Lord Collins of Highbury, expressed the new commitment via his official X handle, @Lord_Collins, on Wednesday.

Noting that by 2050, more than one in four of the world’s population will be African, Collins stated that the continent has some of the world’s fastest-growing economies and is a hub for innovation.

“Africa is a continent of unparallel diversity and an incredible hub of creativity and innovation. As Minister for Africa, I’m committed to listening to our African partners and building long term partnerships rooted in respect.

“We will move beyond the outdated models of patronage. We will reconnect with African countries, putting trade and growth at the heart of our partnerships.

“By 2050, more than one in four of the world’s population will be African. It’s by working together that we can make real progress towards our shared goals growing our economies, tackling the climate crisis and boosting prosperity and strengthening our collective stability,” he said.

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CAC threatens to delist inactive companies in 90 days

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The Corporate Affairs Commission has issued a notice to 100,001 dormant companies, giving them a 90-day grace period to submit all outstanding annual returns or face potential delisting from its registry.

According to a statement released on Wednesday and published on the CAC’s website, these companies have failed to file annual returns for a period of 10 years. The statement, titled “NOTICE OF INTENTION TO STRIKE OFF COMPANIES FROM THE REGISTER,” outlines the regulatory action being taken in accordance with Section 692 (3) (4) of the Companies and Allied Matters Act No. 3 of 2020.

Section 692 of CAMA empowers the CAC to strike off the names of defunct companies from its register due to prolonged non-compliance with filing obligations. READ MORE

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APC urges Nigerians to shun planned #EndBadGovernance protest

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The All Progressives Congress (APC) National Working Committee (NWC) has appealed to Nigerians to shun the planned protest against the Federal Government.
A group of Nigerians had planned a nationwide protest tagged: “EndBadGovernance” from August 1 to 10 to drive home their grievances over alleged corruption, insecurity, and other problems in the country.
The APC National Secretary, Senator Surajudeen Basiru, made the call while briefing journalists at the end of the NWC meeting on Wednesday in Abuja.
He urged Nigerians to have confidence and belief in the ability of the present government to address the economic challenges facing the country.
READ ALSO: NLC clarifies position on planned nationwide protest
Basiru said: “The APC has joined President Bola Tinubu to passionately appeal to those who are planning protests to shelve their plans.
“And have confidence and belief in the government to address most of the economic challenges facing the nation.”
The APC national secretary noted that the present administration met several challenges, especially on the economy since it came on board in 2023.
He added that the president was gradually implementing programmes and policies that would bring succour to the citizens in the future.
The post APC urges Nigerians to shun planned #EndBadGovernance protest appeared first on Latest Nigeria News | Top Stories from TVN.

Tinubu to receive livestock c’ttee report in two weeks — Jega

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Barring any last-minute changes, President Bola Tinubu will receive the recommendations of the Presidential Committee on Implementation of Livestock Reforms in two weeks, August 7, 2024.

The committee’s co-chairman and former chairman of the Independent National Electoral Commission, Professor Attahiru Jega, revealed this to State House correspondents after briefing the President at the Aso Rock Villa, Abuja, on Wednesday.

“We think that maximum in the next two weeks, we should be able to present a report to Mr. President, from which we can then begin the process of actual implementation,” Jega affirmed.

Two weeks ago, on July 9, President Tinubu hinted at plans to create a new Ministry of Livestock Development to, among many benefits, curb decades of gory clashes between herders and farmers.

He also inaugurated the Presidential Committee on Implementation of Livestock Reforms, expressing readiness to implement recommendations on ranching and other livestock reforms to enhance the economy.

The President, who Chairs the committee, then appointed Jega as co-chairman

“This presents a unique opportunity to delineate and establish a separate ministry called the Ministry of Livestock Development. We will develop the economy and give people the opportunity to excel,” Tinubu said when he inaugurated the committee at the State House, Abuja.

Speaking on Wednesday, Jega said, “So our meeting today is to meet with Mr President and update him about what we have been doing since the inauguration of the committee and to also receive further guidance.

“And we have received great encouragement from Mr. President, given his recognition that if we get this thing right, we will add tremendous value to so many things in our country.”

The former INEC chief said Nigerians should expect well-thought-through recommendations from the committee that, if successfully implemented, could “add tremendous value in terms of achieving those defined objectives of opening up the opportunities in the livestock sector and also helping mitigate crisis and conflict which are associated with the sector.”

On his part, the Minister of Agriculture and Food Security, Senator Abubakar Kyari, said Tinubu is eager to receive, review and implement the recommendations for the new livestock ministry.

Kyari said, “Mr. President today has expressed his excitement and he’s very anxious for this to take off. You’re well aware that a new ministry has been created by Mr President, and he is waiting for the report so that the ministry can take off immediately after the report has been submitted by the committee.

“So all stakeholders are excited because there’s so much potential you can unbundle from the livestock sector, and there is the value chain that would create enormous wealth, jobs and most importantly, nutrition for the food security aspect of the country.”

The National Livestock Reforms Committee first recommended the creation of a “Ministry of Livestock Resources” to Tinubu last September.

Former Kano State Governor and Chairman of the All Progressives Congress Chairman, Abdullahi Ganduje, who led the delegation at the time, said the new ministry is one of 21 recommendations tabled in a document submitted to the President to enhance the Federal Government’s holistic response to the lingering cases of bloodshed.

The document spelt out details of the proposed solutions where the committee advocated a reform agenda examining conflict mitigation and resource management.

“This agenda should include the establishment and resuscitation of grazing reserves as suggested by many experts and well-meaning Nigerians and other methods of land utilisation.

“Create the Ministry of Livestock Resources in line with practice in many other West African countries. In the alternative, Federal and State Governments should expand the scope of existing Departments of Livestock Production to address the broader needs of the industry,” the document read.

According to a According report last August, Nigeria’s farmer-herder crisis, which is more pronounced in the North-Central zone, has lingered for over two decades, claiming over 60,000 lives since 2001.

Desert encroachment in the north has forced nomadic herders to move southwards, seeking greener pastures for cattle. This has resulted in a stiff struggle for resources with farmers.

But Tinubu said implementing livestock reforms will address obstacles to agricultural productivity and open up new opportunities that benefit farmers, herders, processors, and distributors in the livestock-farming value chain.

“This sector will boost agricultural productivity, enhance export opportunities and stimulate economic growth by fostering a robust value chain that benefits farmers, processors, herders, distributors and consumers alike,” he said.

Tinubu to unveil Nigeria Police green initiative Thursday

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President Bola Ahmed Tinubu is set to launch the Nigeria Police Green Initiative at the Nigeria Police Resource Centre, Jabi, Abuja on Thursday, July 25, 2024.

As an initiative of the Nigeria Police Force, the NPGI aims to promote the “adoption of renewable energy sources” in the environment, a statement issued at the Force Headquarters in Abuja on Wednesday by the Force Police Public Relations Officer, Olumuyiwa Adejobi partly read.

Among other things, the initiative will also help mitigate the effects of climate change and encourage eco-friendly practices.

“The Nigeria Police Green Initiative is an initiative of the NPF to promote environmental sustainability within our operations and facilities, as well as reduce the environmental footprint of our activities through the implementation of eco-friendly practices and the adoption of renewable energy sources.

“The launch of this initiative will include various activities such as tree planting, the establishment of green zones within police formations and the promotion of sustainable practices among police personnel.

“We believe that through this initiative, the Nigeria Police Force can contribute significantly to the global efforts to combat climate change and protect our environment for future generations,” Adejobi stated.

Earlier on Wednesday, the president had commissioned two landmark projects — the NPF National Cybercrime Centre and the NPF Resource Centre.

Represented by the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, the president noted that insecurity in the country “requires a concerted approach by all stakeholders within the security architecture.”

He, therefore, called for the “elimination of inter-agency rivalries” and urged law enforcement agencies to “embrace a coordinated, collaborative approach.”

Adejobi noted that the NPF-NCC “is a state-of-the-art, ultramodern, and digitalised office complex dedicated to anti-cybercrime operations, and will serve as the central hub for national efforts to combat cybercrime, leveraging advanced technology and digital tools to enhance our operational capabilities.”

The NPF Resource Centre, he said, is designed to support a wide range of activities, including training sessions, and conferences, among others.