Connect with us

News

FG raises CBN’s solar intervention disbursement to N140 billion

Published

on

The federal government is expanding funds from the N140 billion solar intervention fund, a facility set up by the Central Bank of Nigeria (CBN) to alleviate Nigeria’s large energy shortage, particularly in rural areas.

The CBN announced the creation of a fund in the fourth quarter of 2020 that would offer obligors with up to N500 million in credit, with the purpose of providing rural populations with inexpensive mini-grid solutions.

The apex bank claimed that the roads to energy access, financial inclusion, and poverty reduction were intrinsically intertwined, and that rapid deployment of pay-as-you-go off-grid technology, which would produce a $2 billion yearly market potential, was required.

Ahmad Zakari, Special Adviser to the President on Infrastructure, pledged that off-grid power will make substantial progress this year, and that the Rural Electrification Agency (REA) would speed up the process.

Advertisement

“We have already disbursed to a few developers, and we hope that in the future, we can scale up the disbursement so that we can manufacture renewable energy components and provide electricity through mini-grids and solar.

“We anticipate multiple commissioning of large mini-grid projects across the country in universities, markets, and rural areas,” he said,” he said.

While more funds have been allocated toward conventional energy generation sources, Jaiyeola noted that investment in the renewable sector, where the government hopes to create 30% of the 30,000 megawatts expected by 2030, has fallen short.

He recommended that the intervention be structured so that recipients can repay the money, allowing the fund to contribute to the development of other industries.

ALSO READ  US Mission Hails Nigerian-American Aderinto, Winner Of $300,000 History Prize

According to the CBN, 85 million Nigerians, or 43 percent of the country’s population, lack access to grid electricity, making Nigeria the world’s largest energy access deficit country.

Advertisement

In the 2020 World Bank Doing Business report, Nigeria was placed 171 out of 190 countries in terms of power access.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

1,197 Nigerian-trained doctors move to UK since May

Published

on

About 1,197 Nigerian-trained doctors moved to the United Kingdom since May 29, 2023, to date,  investigation has revealed.

At the moment, Nigeria is set to overtake Pakistan and become the country with the second-highest number of foreign-trained doctors in the UK.

Currently, India remains the country with the highest number of foreign-trained doctors in the UK.

This is according to the register of the General Medical Council of the UK.

Advertisement

The GMC is a public body that maintains the official register of medical practitioners within the UK.

Though about 1,197 Nigerian-trained doctors were licensed between May 29, 2023, and December 1, 2023, the total number of Nigerian doctors licensed to practise in the UK is now 12,198.

This figure, however, excludes Nigerian doctors who were trained in other countries.

Presently, there are 73 Nigerian-trained doctors in the field of anaesthetics and Intensive Care Medicine, 61 in the field of emergency medicine, 241 for general medicine, 207 for obstetrics and gynecology, 17 for occupational medicine, 16 for ophthalmology, pediatrics field with 164, and 50 for pathology.

There are 35 of them for public health, 357 for psychiatry, 29 for psychiatry and 135 for surgery.

Advertisement

The rate of migration of medical doctors has recently become a matter of concern. The Nigerian Medical Association, while lamenting the high rate of medical brain drain, had said Nigeria might import doctors in the future.

In 2015, only 233 Nigerian doctors moved to the UK. The number increased to 279 in 2016, while the figure was 475 in 2017. In 2018, the figure rose to 852, while it further increased to 1,347 in 2019.

ALSO READ  Your husband is not your friend, he's your lord - Nigerian businessman to women

In 2020, the figure was 833 even though the GMC closed operations during the COVID-19 pandemic. The figure for 2021 was put at 932.

The Chairman, Committee of Chief Medical Directors of Federal Tertiary Hospitals, Prof. Emem Bassey, commenting on the brain drain recently said, “Some African countries are also beginning to poach from Nigeria.

“The West Coast is looking for our specialists. So many people are now going to places like Sierra Leone and Gambia and the wages they earn are $3,000 to $4,000. It is about three to four times what they earn back home. So we are beginning to see that people are leaving for other African countries too.

Advertisement

“The health sector is currently undergoing a major crisis in terms of manpower. What we are seeing is that medical specialists, not just doctors, even nurses even more nurses are leaving. Doctors, nurses, laboratory scientists, physiotherapists, radiographers and all manner of health professionals are leaving the country in droves.”

Continue Reading

News

Elumelu to global leaders: Prioritise climate change issues

Published

on

The Founder of the Tony Elumelu Foundation, Tony Elumelu, has called on world leaders to give priority to climate change issues.

Elumelu, who said this when he brought together global leaders to drive immediate and equitable climate action for Africa at the COP28 – UN Climate Change Conference taking place in Dubai, United Arab Emirates.

“Addressing climate change remains the paramount challenge of our era. The urgency is unmistakable; there is no room for delay. It is imperative that we enhance our efforts to tackle these issues and establish the groundwork for a sustainable future.” Elumelu stated. “It is critical that Africa, as a continent, and African voices, play a key role in global climate conversations, as meaningful participants, and no longer as bystanders – Africa must actively set the agenda,” Elumelu said.

The UN Climate Change Conference hosts world leaders every year to assess progress in dealing with climate change. Elumelu is one of Africa’s leading advocates for an equitable Marshall plan for climate action and through The Tony Elumelu Foundation has empowered thousands of green entrepreneurs shaping a more sustainable future for Africa.

Advertisement

Elumelu, through his Foundation, The Tony Elumelu Foundation and in partnership with the United Bank for Africa (UBA), which he chairs, hosted a high-level session at COP28, bringing together Africans, and key players in the Gulf, Europe, and Americas, where UBA operates, to engage in a multi-stakeholder dialogue, underscoring the urgent need for innovative approaches to climate adaptation and mitigation while fostering sustainable development.

ALSO READ  Naira Notes Crisis: Nigerians Block GTBank Entrance For Closing Before Usual Time

The TEF Founder said that the Foundation partnered with the UNDP to empower thousands of young Africans, with an ambitious project to impact the lives of one million young Africans in the Sahel region of Africa.

Speaking at the Tony Elumelu Foundation hosted #COP28 high-level event, Dr. Okonjo Iweala, DG, World Trade Organisation stated, “I am terribly proud of what my brother, Tony Elumelu, has done in empowering and inspiring so many young entrepreneurs. We have no choice; the future is green. The future of growth is two things – it is green, and it must be inclusive. I am very interested in partnerships with organisations like the Tony Elumelu Foundation because I don’t want to duplicate what someone else has done.”

Continuing the dialogue, Assistant Administrator and Regional Director for Africa, UNDP Ahunna Eziakonwa, added, “The reason why UNDP associated itself with the Tony Elumelu Foundation years ago is because of the leadership and courage of the Foundation to trust and invest in young Africans. It was one of the first organisations in the world to do so at that scale.”

Sergio Pimenta, VP, Africa at IFC, also stated, “Tony, I salute you and your Foundation for what you have been doing to support young entrepreneurs in Africa. The IFC has deployed $2billion in funding for African SMEs in the last fiscal year and we are very excited to be able to do more work with you.”

Advertisement

Continue Reading

News

Army donates palliatives to widows, orphans in Rivers

Published

on

The Nigerian Army, 29 Battalion under the 6 Division, Port Harcourt, has distributed 10,000 exercise books to students at the Community Secondary School, Ebubu, in the Eleme Local Government Area of the Rivers State.

Also, the Army distributed palliatives to widows and orphans in Ebubu and Aleto communities, as well as in Eleme LGA.

The Army said the gesture was aimed at building goodwill between the military and communities in Rivers State in the fight against criminal activities.

The 29 Battalion under the leadership of the General Officer Commanding, 6 Division Nigerian Army, Major General Jamal Abdussalam, handed the materials to the two communities in Eleme on Friday.

Advertisement

Distributing the items, the Commanding Officer, of 29 Battalion, Nigerian Army, Lt. Cpl. Ishaya Manga, said the non-kinetic approach to tackling criminality in the state was in tandem with the people-oriented philosophy of the Chief of Army Staff, Lieutenant General Taoreed Lagbaja.

Manga stated, “It would be recalled that on the 13th of October, 2023, the Chief of Army Staff, Lieutenant General Taoreed Lagbaja, flagged off an exercise known as Operation Still Water Three here in Port Harcourt, Rivers state.

“Part of the exercise is designed to get rid of criminal activities within Rivers State, the exercise is not only conducted by the military alone, other security agencies are also involved in the exercise.

“The community leaders, traditional rulers and other critical stakeholders in Rivers State are also part of the operation.

ALSO READ  CBN: Mutilated naira notes shall attract 400 per cent value penalty

“We have seen that using the kinetic approach alone would not guarantee the successful conduct of this exercise and that was why the non-kinetic approach was also adopted in line with the kinetic approach so that we can actualise the vision of the Chief of Army Staff.”

Advertisement

In line with the philosophy of the Chief of Army Staff, under the leadership of Major General J H Abdussalam, the General Officer Commanding 6 Division, Nigerian Army, has directed us to select some of those less privileged homes and vulnerable communities to express our hands of non-kinetic activities.”

Manga, further said the initiative started a month ago, pointing out that other communities have earlier benefited.

He added, “We have started this exercise since last month, especially, we have visited four orphanage homes and distributed palliatives.

“We have also given palliatives to Obele and Ebubu communities, apart from giving out palliatives, we have distributed 10,000 exercise books of 40 leaves to about seven secondary schools within Rivers State.

“Some of those secondary schools are Ebubu community junior and senior secondary schools, Township Model Primary Schools 1 and 2, World Book Capital City Model Primary Schools and St Cyprian Primary School, Port Harcourt.

Advertisement

“Others are Community Secondary School Egberu, Ndoki, Community Secondary School, Anyama and Community Secondary School Okoloma in Oyigbo Local Government Area.”
Exercise books presented to students of Community Secondary School, Ebubu, by the 29 battalion, 6 DIV, Nigerian Army

Taking delivery of the donated items, the Sister-in-charge of Love Crucified Orphanage home, Aleto, Reverend Sister, Chika Maria expressed happiness, saying it was the first time such a large group of military personnel was visiting them.

ALSO READ  Lagos Govt Reopens Alaba International Market, Others

On her part, a widow in the Ebubu community, Aken Charity, who received the palliatives, thanked the Army for the gesture.

Speaking, the Principal of Community Secondary School Ebubu, Mr Nkara Barine, who received the notebooks, assured that the items will be judiciously utilised.

Advertisement
Continue Reading

Trending

Copyright © 2022 TheHeute.