Connect with us
>

Economy

W/ African power pool to complete North Core transmission line by 2023 –Chairman

Published

on

W/ African power pool to complete North Core transmission line by 2023 –Chairman

… As Director says Water bill ‘ll empower states to regulate water resources within their catchment areas***

Mr Sule Abdulaziz, the Chairman, Executive Board of the West African Power Pool (WAPP), has reiterated the commitment of the pool towards completing the WAPP North Core Project.

Abdulaziz,  who is also the Acting Managing Director, TCN, made this known at the 52nd WAPP Executive Board meeting in Ouagadougou, Burkina Faso, which was part of the 16th session of the WAPP General Assembly.

Mrs Ndidi Mbah, TCN’s General Manager, Public Affairs, in a statement in Abuja, on Friday, said that the North-Core transmission line project would link Nigeria with Niger, Burkina Faso, and Benin.

While highlighting key project implementation updates, Abdulaziz said that “the WAPP North Core Project that seeks to interconnect Nigeria, Niger, Burkina Faso, and Benin is in the implementation phase with the procurement process underway.

“The project is expected to be completed by 2023 and is part of efforts of the WAPP to integrate the power systems of West African countries by delivering priority projects, that would ensure that all 14 countries in the mainland of ECOWAS are eventually interconnected”.

He listed other projects undertaken within the West African sub-region to include the construction of the 330kV Volta (Ghana) to Lome ‘C’ (Togo) – Sakété (Benin) interconnection line that has been completed and would soon be energised.

Abdulaziz said that the WAPP Cote d’Ivoire – Sierra Leone – Guinea (CLSG)  project would also be commissioned very soon.

He noted that WAPP had continued to take giant strides towards the effective operationalisation of the ECOWAS regional electricity programme, by continuing to harmonise the market rules and agreement by market participants on regulatory issues.

“This will ensure flexibility in the power system and increase trading opportunities for market participants, among others”, he said, while tasking members to be determined to attain the set goals of the pool.

He said that although a lot had been achieved under the current leadership of the pool, more still needed to be done, until the goal of the founding fathers was achieved.

Also speaking, the Secretary-General of WAPP, Mr. Siengui  KI, urged members to be resilient, saying, “we must at all costs continue our journey towards the ultimate goal of our institution, which is the implementation of a competitive regional electricity market.

“ We absolutely must redouble our efforts to this end, the goal being, more than ever, within reach.

“The new Executive Council, will have to sit for the next two years and a new Vice-Chairman will be elected, as the former vice Chairman, Mr. Hamidou Traore has been re-designated”, he added.

Earlier, while welcoming participants to the meeting, Mr. Baba Coulibaly, the Director-General of Sonabel,  the power firm hosting the meeting, called for more commitments.

“ In our sub-region, the stakes in the electricity sector are so high that we must rigorously ensure that the decisions are implemented on time”, he said.

In the meantime, Mr Bashir Magashi, Executive Director, Nigeria Integrated Water Resources Management Commission (NIWRMC), has said that the water resources bill, when passed into law, would grant states the right to regulate water resources within their catchment areas.

Magashi told the newsmen, in an interview on Friday, in Abuja, that passing the bill, won’t harm waterfront communities, but would give them a better regulatory advantage and promote synergy with the government.

“The objective of the Bill is to ensure that the nation’s water resources are regulated, protected, used, developed, conserved and managed equitably, providing an enabling environment for women and children to have easy access to water sources”, he said.

According to him, Section 2(2) of the water resources bill gives the states the power to regulate the water resources that flow within the state, by which they can set up their own regulatory agencies.

“Also, section 27(3) of the Bill empowers the Commission to have Catchment Management offices in each of the hydrological areas, which makes for easy synergy with the River Basin Development Authorities and states and the formation of Catchment Management Committees (CMCs) with the stakeholders in the catchment”, added.

Bashir also stated that the bill provided for effective and efficient synergy between the Federal and State-owned regulatory bodies, down to the Local government level, to enhance Integrated Water Resources Management in the country.

“Section 12 of the Bill provides for the Honourable Minister, in consultation with the Federal Executive Council, by notice in the Gazette, establish a Committee to coordinate the implementation of any international agreement.

”Either entered into by the Federal Republic of Nigeria and a foreign Government or any international body or organization relating to investing, managing, monitoring and protecting Water resources amongst others.

“The Minister shall also consult with all affected states, prior to entering into any international agreement.

“This bill, when passed into law, will also aid Public-Private-Partnership between stakeholders in the water resources sector and solve the issue of indiscriminate drilling of boreholes, the cause of the reported earth tremor”, he added.

“ It is evident that the Bill would be of great benefit to the River Basins, through its effective implementation”, Magashi further said.

 

 

Economy

Unstable Economy: UK Firm Presents Solutions To Nigerian Business Leaders

Published

on

SOAN Inaugurates New Leadership, Boosting Hopes Of Crushable Inflation

Nigerian business leaders are to benefit from the programme of United Kingdom-based leadership development organisation TEXEM UK on how to win despite the exodus of staff, very high inflation and turbulent operating landscape.

TEXEM’s Director of Special Projects, Caroline Lucas, said on the organisation’s website, www.texem.co.uk, that the programme with the theme “Strategies for Sustainable Organisational Success” is slated for April 24 and April 25 in Lagos.

According to Lucas, in today’s volatile and disruptive business landscape, organisations face numerous strategic challenges.

“TEXEM’s programme, “Strategies for Sustainable Organisational Success,” offers tailored solutions to address these pressing issues.

“Senior leaders grappling with skyrocketing costs, high currency risks, and disruptive technologies require practical insights and tools to navigate uncertainty effectively.

“This programme provides actionable strategies for sustainable success amidst turbulent times,” she said.

Lucas asserts that exceptional crisis management skills are essential in the face of staff exodus and geopolitical disruptions.

“TEXEM equips participants with the necessary leadership capabilities to lead through crises, ensuring organisational excellence even amidst adversity.

“Innovation becomes imperative in turbulent waters.

“TEXEM’s programme fosters a culture of innovation and provides guidance on harnessing adversity as a catalyst for profitable growth,” she said.

According to her, participants will learn to turn challenges into opportunities, driving sustained profitability.

Lucas said resilience and effective risk management are crucial in today’s volatile landscape.

She said through interactive sessions and case studies, TEXEM helps senior leaders develop unshakable qualities, enabling them to navigate uncertainty and confidently mitigate risks.

“Optimizing resource utilisation is paramount amidst soaring costs.

“TEXEM offers insights on managing resources efficiently, ensuring optimal impact even amidst cost pressures. Decisive problem-solving is paramount.

“TEXEM enhances participants’ decision-making capabilities through peer learning and observation practice, empowering them to make better decisions that drive organisational success,” Lucas said.

She said that beyond the curriculum, networking opportunities with industry peers enrich the learning experience, abound.

“Professional exchange provides valuable insights into different approaches to overcoming challenges, enhancing overall learning and impact.

“TEXEM’s programme aims to develop leadership strategies for optimum performance in an era of uncertainty.

“By helping participants understand how to manage and deploy resources more efficiently, it equips them with the skills needed to thrive in turbulent times,” Lucas said.

Saying that adversity is the mother of innovation, she added that TEXEM empowers individuals and organisations to thrive in volatile times, fostering innovation and sustained profitability.

“At the end of the programme, participants can expect to develop leadership skills for better decision-making and possess survival skills to navigate crises effectively.

“Through its comprehensive approach and proven methodology, TEXEM ensures participants unlock their potential, foster innovation, and drive sustained profitability in today’s challenging environment,” Lucas said.

Continue Reading

Economy

Sanwo-Olu Urges Use of Innovative Technologies in Solving Challenges

Published

on

Sanwo-Olu Urges Use of Innovative Technologies in Solving Challenges

Gov. Babajide Sanwo-Olu of Lagos State has called for the use of innovative technologies in resolving the economic and social challenges of the country.

Sanwo-Olu said this on Wednesday during the pioneer graduation of the Lateef Jakande Leadership Academy (LJLA) at Konga Place in Lekki.

He said that the new platform of globalisation and Internet of things must be significantly employed to resolve new challenges encountered in the course of improving the living standards of citizens.

30 students, 15 men and 15 women, between 18 and 35 years, graduated from the academy after a one-year course and mentorship in leadership.

The Lagos Leadership Summit (LLS) is a pivotal platform dedicated to empowering Nigeria’s young professionals with the skills and insights essential for success in various leadership roles.

With a focus on leadership excellence, ethical governance, and youth inclusion in governance, the summit offers a unique opportunity for participants to engage with renowned leaders and industry experts.

” You have to be able to innovate for us, you are here as leaders of not tomorrow but today. Proffer solutions that the government can use as a tool, to solve the challenges that we are facing today but more importantly to solve global issues.

“And that is why we started the Lateef Jakande Leadership Academy. For us as a government, we felt how well can we honour a man than for us in public sector to set up a cream of new leaders.

“So we set up this school that has the first set, the one-year fellowship, who indeed have not only shown us that we took the right step, they have been outstanding individuals,” the governor said.

The guest speaker and former governor of Lagos State, Babatunde Fashola, noted that it was important for followers to trust their leaders for a successful outcome.

“The people need to trust the government, they must know the capability of their leaders so that when issues beyond human expectations happen, the followers can show empathy to the plight of their leaders.

” I have always been an advocate that believes that the process is as important as the result, the end shouldn’t justify the means, the process is crucial, it serves as a blueprint for others coming behind,” he said.

Similarly, Dr Obafemi Hamzat, Deputy Governor, who spoke on “Leadership And Community Engagement”, stated that to achieve effective leadership in Nigeria, there was the need to navigate complex political, economic and social landscapes.

Hamzat urged the citizens to be involved in governance while stressing the need for collaborations with private stakeholders and the public sector.

According to him, community engagement with government at all levels is pivotal to the nation’s development.

In her address, Mrs Ayisat Agbaje-Okunade, LIJA’s Executive Secretary, noted that the challenges faced required leaders who are not only capable but compassionate, visionary, and adaptable.

According to her, leadership must transcend rhetoric and manifest tangible outcomes.

“We need leaders who inspire confidence, foster unity, and drive transformation.”

Agbaje-Okunade urged the participants to embrace the responsibility that comes with leadership and pave the way for a generation of new leaders.

The keynote speaker, Mr Abubakar Suleiman, Chief Executive Officer, Sterling Bank, said that leadership is about leading people on a new purposeful journey.

Suleiman said being a strategic thinker and a transformational leader was what makes leadership different from management, adding that the future is being crafted in leadership.

“In essence, as a leader, you must be able to lead people to the future hence, you must be convincing for people to be bold to follow you, able to trust and believe in you.

“For one to be a leader, the people must be able to believe and trust you to take them to the future where you have never been to,” he said.

Also speaking, Mr Tunbosun Alake, Commissioner, Innovation, Science and Technology, stressed that leadership had nothing to do with being young or old but having good values and character.

The commissioner advised the participants to pursue excellence in their various career paths to succeed in life.

Continue Reading

Economy

Eid-el-Fitr: Tinubu Urges Sacrifice, Integrity For National Rebirth

Published

on

Eid-el-Fitr: Tinubu urges sacrifice, integrity for national rebirth

 President Bola Tinubu has urged Nigerians to continue to make sacrifices and exhibit integrity for national development.

Tinubu said this after observing the Eid-el-Fitr prayer at the Eid Ground at Dodon Barracks on Wednesday in Lagos.

The President also called on Nigerians to continue to have faith in his government and remain patriotic citizens.

Tinubu said that the Renewed Hope Agenda of his administration, aimed at bringing prosperity to Nigerians, was being diligently implemented.

Encouraging Muslims to extend the values of sacrifice and resilience beyond the fasting period, Tinubu emphasised the need for Nigerians to prioritise the exhibition of love for their country.

‘’The resilience and sacrifice that we have shown and made during these months should be preserved.

“Be a kind and cheerful giver. We must love our country more than any other country because this is the only one we have.

‘’We must continue to protect the integrity of our government and leadership. The Renewed Hope Agenda is alive, well and fine, and Nigerians should continue to be very hopeful. Without hope, there is no salvation.

“Without hope, there is no development. Without hope, there is no life. Eid Mubarak,’’ the President said at the end of the prayers led by the Chief Imam of Lagos State, Sheikh Sulaiman Abou-Nolla.

Earlier in his sermon, the Chief Imam urged Nigerians to shun all acts of violence, ensure peaceful co-existence, and continue to have faith in the country.

He asked those in leadership positions to remain faithful to their oaths of office and work towards alleviating the suffering of the less privileged.

‘‘Let us not forget our brothers and sisters in Gaza and other areas of conflict,’’ the Chief Imam said.

He offered prayers of God’s guidance, wisdom, and protection for the President and the Lagos State government, as well as for peace and stability in the country.

Continue Reading

Advertisement

Editor’s Pick

Politics