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Shaping Intercontinental Business Between Africa and Europe

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Africa

Ambassador Dr Eniola Ajayi

Ambassador Eniola Ajayi urges a new approach to the Dutch Africa Strategy, calling for equal partnership and African inclusion in future policy design

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Keynote Address by Ambassador Dr. Eniola Ajayi at a Business Dialogue on Africa organised by the Voice News Magazine based in the Kingdom of Netherlands which took place at Eko Hotel, Victoria Island, Lagos on Friday, November 28, 2025

Also read: Senator Husain Warns Adeleke Amid Rising Osun Insecurity

Title: Shaping Intercontinental Business Between Africa and Europe
Theme: Debunking Notions, Reshaping Mindsets in Doing Business in Africa

Opening & Acknowledgements

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Your Excellencies,
Esteemed colleagues,
Leaders of industry, government, and diplomacy, Distinguished ladies and gentlemen, Good morning.

It is an honour and privilege to stand before you today to discuss a subject that sits at the very heart of our shared future – Shaping Intercontinental Business Between Africa and Europe.

Allow me to appreciate the organisers of this dialogue, The Voice Africa News Magazine, from the Netherlands for framing such a profound theme – “Debunking Notions, Reshaping Mindsets in Doing Business in Africa.”

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It is indeed time to move beyond the old narratives – those outdated perceptions of Africa as a continent defined by aid, rather than by opportunity; by potential, rather than by performance.

Africa is not waiting to be discovered. Africa is open for business – on equal terms.

Setting the Context: A Moment of Transformation

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We are gathered at an auspicious moment in history. The tipping point if you like.
The tectonic plates of global trade, energy, and geopolitics are shifting.
The COVID-19 pandemic and its aftermath have redrawn global value chains and revealed the vulnerabilities in our different nations – big or small.

The war in Ukraine has reshaped energy and food security priorities.
And across Africa, a young, dynamic, and connected generation is rewriting the script of our economic destiny.

Africa today is not merely a supplier of raw materials – it is a continent of creators, innovators, intellectuals and entrepreneurs who are building the industries of tomorrow.

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From Lagos to Kigali, Nairobi to Accra, African startups are redefining fintech, healthtech, agritech, and clean energy solutions that speak not only to local realities but to global challenges.

The Dutch Africa Strategy – A Case Study of Intention and Opportunity

When the Dutch Africa Strategy (2023–2032) was launched in The Hague in May 2023, I had the privilege of being among the Ambassadors representing African nations.

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It was a moment of recognition – that Africa’s growth and Europe’s prosperity are deeply intertwined. Our proximity to each other makes our collaboration inevitable.

The Dutch strategy articulates noble intentions. It speaks of mutual trust, equality in partnership, and shared prosperity.
It acknowledges that Africa’s development is no longer a matter of charity, but of mutual interest – in trade, security, climate resilience, and sustainable growth.

It represents an important shift: a recognition that doing business with Africa is not about aid, but about partnership; not about dependency, but about interdependence. We need each other to thrive and survive.

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A Missing Element – The African Voice

However, while the Dutch Africa Strategy was commendable in vision, it also revealed a familiar pattern.
It was a strategy for Africa, but not with Africa.

African nations were not consulted in its drafting; we were presented with the finished document – a plan about our continent, developed without our direct input.

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And therein lies a paradox that we must address, if we are to reshape intercontinental business:
How can we speak of equality and mutual trust when the voices of one side are absent from the design table?

True partnership cannot be built on monologue – it must be dialogue.
Africa does not seek to be a passive recipient of strategies. We seek to be co-authors of them.

We want to sit at the table not as guests, but as equals – bringing our own priorities, insights, and aspirations to the discussion.

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Debunking Notions – A New Mindset for Both Sides

Ladies and gentlemen,
If this decade is to be one of genuine transformation, we must begin by *debunking old notions* – on both sides of the partnership.

For too long, Africa has been seen primarily as a source of raw materials – a continent that extracts but does not refine; that exports value but imports finished products; that fuels global industry while its own citizens remain on the margins of prosperity.

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That narrative must end. Our survival depends on this.

Africa is finally waking up to the reality that our vast natural resources – from minerals to agriculture, from oil and gas to our boundless human capital – must no longer be shipped out in raw form.

We have realized that value addition must happen on African soil, by African hands, through African innovation – in partnership, yes, but with equity and ownership.

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When Africa processes its cocoa, it creates jobs. We can make chocolate bars too! It is not rocket science.
When Africa refines its lithium, it powers its own industries.

When Africa manufactures its pharmaceuticals, it safeguards its own health.
This is not protectionism – it is self-empowerment. It is self preservation. It is economic justice.

Reshaping the European Mindset

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At the same time, our European partners must also evolve their perspective.

Partnership with Africa should not be viewed through the lens of risk, but of reward.
The narrative of instability and fragility must give way to one of resilience and opportunity. It should call a spade – a spade. Yes, there are issues of insecurity, what we need is help, not escalation.

The Africa of today is governed by regional economic communities that are harmonising trade rules.
The African Continental Free Trade Area (AfCFTA) is creating the largest single market in the world by number of countries – a market of 1.4 billion people with a combined GDP of over three trillion dollars.

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This is not a continent to be pitied. It is a continent to be partnered with – on equal footing.

The mean age of the African population is 19.2 years (due to factors that we hope will improve over time) but the benefit is that we have a virile, versatile, educated and youthful workforce.

The business mindset must therefore shift from extractive transactions to transformative investments;
from short-term profit to long-term partnership;
from seeing Africa as a *testing ground to seeing Africa as a growth engine.

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Europe and Africa – Partners in Transition

Both continents are undergoing profound transitions.

Europe is reindustrialising and greening its economy – moving towards clean energy, circular production, and digital transformation.

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Africa is urbanising rapidly, digitising its economies, and investing in renewable energy and youth innovation.

Our transitions can and must be aligned.
Africa holds 60% of the world’s renewable energy potential.
Europe holds decades of industrial and technological expertise.
Together, we can build a new paradigm of co-created growth – that is green, inclusive, and mutually beneficial.

Migration – A Bridge, Not a Barrier

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But there is another crucial aspect of our intercontinental relationship that requires a new mindset: migration.

Too often, migration has been portrayed as a crisis to be managed rather than a force to be harnessed. Yet, when well-governed, migration is not a problem – it is an opportunity.

We must tackle the issue of migration between Africa and Europe in a way that is mutually beneficial to both continents.
Africa’s youthful population is an asset; Europe’s aging workforce presents a challenge.

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A fair, regulated, and humane framework for mobility that can serve both needs.

There should be regular pathways for legal migration – pathways that attract the people and skills needed in European countries seeking to shore up their workforce, while ensuring that migration remains dignified, orderly, and mutually enriching and not exploitative.

When talent circulates, innovation follows. When movement is managed, both continents prosper.

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We must therefore move from a defensive approach to migration to a developmental approach – one that sees people as bridges, not as burdens.

A New Business Compact – Built on Trust and Equality

To shape truly intercontinental business between Africa and Europe, we must anchor our cooperation on five key principles:

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1. Co-creation, not prescription

Policies affecting Africa should be designed with African stakeholders at the table.

When strategies such as the Dutch Africa Plan are revisited or implemented, they should incorporate the perspectives of African governments, private sectors, and youth voices.
Ownership begins with participation.

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2. Value addition within Africa

European investors must continue to partner in setting up industries in Africa – not just to extract raw materials but to manufacture, process, and innovate locally.

The success story of Friesland Campina is a case in point. This is a great company with the right mindset.

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This will create jobs, reduce poverty, and deepen regional value chains.

3. Fair trade and access to markets

Trade frameworks must reflect fairness. Non-tariff barriers and complex standards often disadvantage African producers.
The future must prioritise access, technology transfer, and mutually beneficial trade agreements under AfCFTA and EU frameworks. The CBI – Ginger initiative is a welcome collaboration between Nigeria and the EU.

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(Nigerian ginger is considered among the best in the world. Its aroma, sharp taste and high oil content are unique features.

Nigeria was the world’s third-largest producer of ginger in 2018. Still, economic growth in Nigeria is spread unevenly and many people live in poverty.

The Nigerian ginger sector has the potential to add more value and diversify its markets.

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In 2021, the Centre for the Promotion of Imports from developing countries (CBI) started a project to strengthen the sector’s quality services.

In the project, Nigerian small and medium-sized enterprises (SMEs) are supported to create value-added ginger products.

This is done by improving quality, helping with sustainability certification and organic or refined processing.

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4. Technology and knowledge partnership

The 21st-century partnership must be based on technology transfer, research collaboration, and capacity building.
Let us replace the model of finished goods for raw materials with one of shared innovation. We cannot keep collecting peanuts for our coffee beans while paying premium dollars at Starbucks.

5. Inclusive growth and sustainability

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Intercontinental business must be anchored in sustainability – environmentally, socially, and economically.
Women, youth, and small enterprises must not be left behind in this journey.

The market is large enough for everyone to get a share. The sky is big enough for all birds to fly without impeding one another.

Examples of Opportunity

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The opportunities for partnership are vast:
• In energy, Africa’s abundant sunlight and Europe’s technology can together lead the world in renewable innovation.
• In agriculture, Africa’s fertile lands and Europe’s processing expertise can ensure food security on both continents. With the golden triangle approach of the Netherlands ( Government-Research Institutions-Private Sector partnership), prosperity is possible.

It is no wonder Netherlands is the second largest producer of food in the world. Netherlands has mastered how to improve the yield of their produce.
• In healthcare, Africa’s growing pharmaceutical sector and Europe’s regulatory experience can build resilient health systems.
• In digitalisation, Africa’s mobile-driven innovation and Europe’s cybersecurity frameworks can together define the next frontier of global commerce.

Reclaiming the Narrative

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We must remember – narratives shape behaviour.
For too long, Africa’s story has been told by others.
It is time for Africa to tell its own story – confidently, creatively, and collaboratively.

As an African diplomat who has served in Europe, I have seen firsthand that when Africa speaks with a clear voice, the world listens.
When we negotiate with clarity and unity, the terms of engagement change.
And when we demand fairness – not as charity, but as a right – we gain respect.

We must therefore approach intercontinental business not with a sense of inferiority, but with the dignity of equal partnership. We must come to the table with a true understanding of our selfworth.

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A Call to European Partners

To our European friends – including the Netherlands – I say this:
The future of global prosperity is not in rivalry, but in renewed partnership.

When the Dutch Africa Strategy speaks of mutual trust and equality, let us make it real by ensuring African inclusion in every phase of implementation.

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Let us transform the strategy from a policy paper into a living framework of collaboration – where Dutch and African entrepreneurs, scientists, and innovators co-create the industries of tomorrow.

Let us build joint centres of excellence, green industrial zones, and value-chain partnerships that demonstrate the power of equality in action.

A Call to African Entrepreneurs and Governments

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And to my fellow Africans – government leaders, business owners, innovators – let us rise up to this moment.
The world will not value what we do not value ourselves. If you call yourself a doormat, nobody will call you a queen.

We must create enabling environments – stable policies, secure safe spaces, transparent governance, reliable infrastructure – that attract and sustain investment.
We must develop our human capital – in science, technology, engineering, entertainment, and management – to power our own industries.
We must trade more with each other – because an integrated Africa is a stronger Africa.

The artificial division of Africa in 1884 – 1885 at the Berlin conference must give way to deliberate and intentional solidarity.

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Let us remember: no one will add value to our resources unless we decide to do so ourselves. Africa must first be developed by Africans. People respect what is developed.

The Spirit of Ubuntu – Our Shared Humanity

At the heart of all these conversations lies a deeper truth:
Our destinies are intertwined.

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As the African proverb says, “If you want to go fast, go alone. If you want to go far, go together.”

Africa and Europe are natural neighbours.
Africa and Europe must go far – together.
Not as donor and recipient, not as exporter and importer, but as partners in progress, equals in vision, and co-architects of a sustainable future.

Conclusion – A Future Defined by Partnership

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In closing, let me return to where I began:
We are not just shaping intercontinental business – we are shaping intercontinental destiny. We are being pragmatic about our inevitable future.

The Dutch Africa Strategy 2023–2032 gives us an opportunity – not a finished product, but a framework to build upon. Maybe for a Europe – Africa strategy.

It is an invitation to redefine partnership.
To move from strategy on paper to collaboration in practice.
To replace extraction with equity, and charity with shared prosperity.

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Let us move forward, therefore, with mutual respect and renewed trust –
Recognising that Africa is not a problem to be solved, but a partner to be embraced.
That Europe’s success and Africa’s progress are inseparable.
And that together, we can build a world where every resource, every innovation, and every partnership adds value – not just to economies, but to human lives.

Also read: Senator Husain Warns Adeleke Amid Rising Osun Insecurity

As we engage in this dialogue today, let us ensure that the next time an Africa Strategy is written – it is written not about Africa, but with Africa!

Thank you.

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Opinion

Tegbe’s 24-Hour Energy Zones and the Shift From Megawatts to Money

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Tegbe

 By Sufuyan Ojeifo,

There is a point at which a country’s electricity problem ceases to be merely an electricity problem. It becomes a problem of economic geography.

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Also read: Everton Celebrates Nigeria’s 66th Independence With Football Legends

Where can factories operate with confidence? Where can businesses plan beyond the next appearance of a generator? Where can hospitals, schools, technology companies, markets and households begin to organise their lives around the reasonable expectation that electricity will be there?

This is the thinking behind the latest initiative from the Minister of Power, Joseph Tegbe, to develop what the Federal Government calls Energy Zones – defined corridors where homes, businesses and industries could receive stable, 24-hour electricity.

The proposed zones cover the Lagos axis, the Abuja-Kaduna-Kano corridor and the Enugu-Port Harcourt corridor. Tegbe’s latest move is a meeting with selected electricity distribution companies to begin working through what it would take to make the idea real.

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At first glance, it sounds like another promise of uninterrupted electricity in a country that has heard too many such promises. However, there is something more consequential in the architecture of the proposal.

Tegbe is asking Nigerians to look at the power problem differently.

For years, the national conversation has been dominated by generation. How many megawatts are being produced? How much can the transmission grid carry? How many generating plants are working? These are important questions. But electricity does not become useful simply because it has been generated.

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It must travel. It must be received. It must be distributed. And ultimately, somebody must be able to use it. That last part has often been treated as the end of the conversation when, in reality, it is where the economic value of electricity begins.

Tegbe has put the point plainly. The constraint is not limited to generation and transmission; it also includes how much electricity can be taken up and delivered at the distribution end.

The proposed Energy Zones are intended to address precisely that gap while improving commercial demand and the revenue performance of the distribution companies.

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There is an important idea here.

Nigeria does not necessarily have to wait for every weakness in the electricity value chain to be solved simultaneously before beginning to create pockets of reliability.

A country of more than 200 million people, with enormous differences in industrial activity, population density and commercial demand, may have to proceed through carefully selected economic corridors while the wider system is repaired.

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This is not an argument for abandoning the national grid. It is an argument for making the grid more economically purposeful.

The three corridors selected by the Ministry are revealing. Lagos and its adjoining industrial axis represent perhaps the country’s most concentrated commercial and industrial demand.

The Abuja-Kaduna-Kano corridor connects the political capital with major commercial and industrial centres in the North. Enugu-Port Harcourt links important commercial, manufacturing and energy-producing communities in the South-East and South-South.

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These are not simply lines on a power map. They are lines on Nigeria’s economic map. That distinction matters.

For too long, Nigerians have experienced electricity largely as a household inconvenience. The light goes off. The generator comes on. A business buys diesel. A manufacturer factors self-generation into production costs. A hospital makes contingency arrangements.

A young entrepreneur learns, often painfully, that the real price of electricity is not what appears on the bill but what it costs to keep the business alive when the supply fails.

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A reliable electricity corridor changes that equation.

If a factory knows that a particular industrial cluster has dependable power, investment decisions begin to change.

If a commercial district can plan around predictable electricity, operating costs become easier to manage.

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If businesses can depend on supply for most of the day, generators can move from being the first line of defence to being what they were always supposed to be: backup.

This is where Tegbe’s technocratic instincts may prove significant.

His background is not that of a career power-sector operator. His professional experience has largely been in consulting, fiscal and economic reform, institutional transformation and advisory work. That background has been visible in his early approach to the ministry – diagnosis, audits, financial questions, infrastructure bottlenecks, and attempts to identify where one part of the system is preventing another from functioning properly.

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His Energy Zones proposal fits that pattern. It treats the electricity market less as a single machine waiting for one dramatic repair and more as a system of interconnected constraints that can be isolated, diagnosed and addressed.

Tegbe had already identified the three corridors as priorities for grid stabilisation, with technical audits intended to establish the condition of critical infrastructure. The latest engagement with DisCos suggests that the idea is now moving beyond technical diagnosis towards the more difficult question of how distribution will work within those corridors.

That is where the hard work begins.

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A 24-hour power zone cannot be created by a press statement. It requires generation that is available when needed, transmission capacity that can carry it, distribution infrastructure capable of receiving it, transformers and feeders that can withstand the load, metering that properly captures consumption, customers willing and able to pay, and a commercial structure in which the various participants have an incentive to keep the system working.

It also requires protection. Vandalism and energy theft do not respect administrative boundaries. Neither do faulty equipment, unpaid bills or poor collection practices. Tegbe himself has acknowledged that the sector’s problems reinforce one another. Weak collections affect the market. Market weakness affects maintenance and gas payments. Unreliable supply in turn depresses collections.

This is why the Energy Zone experiment, if it is to succeed, must be judged by more than the number of hours electricity is available.

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The real test will be whether reliability begins to produce economic consequences. Does industrial output increase? Do businesses spend less on self-generation? Does investment respond? Do DisCos collect more because customers are receiving a service they can trust? Does the government recover enough value from improved commercial activity to justify further infrastructure investment?

Those are the questions that should eventually accompany the glossy language of 24-hour power.

And there is another question that Tegbe and the Federal Government will have to confront: what happens outside the zones?

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Nigeria cannot become a collection of electrically privileged corridors surrounded by communities waiting indefinitely for their turn.

The logic of concentrating investment in high-demand areas can be defended economically, especially if the resulting commercial activity strengthens the wider electricity market.

But the strategy will ultimately have to demonstrate how successful zones become stepping stones towards broader reliability.

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That is the difference between an experiment and a system.

There is also a danger in admiring the architecture of reform from the comfort of an office.

It has to be said here that the statement issued by the minister’s media aide was long on ambition and conspicuously short on the details that matter. No timeline. No capacity targets. No specific investment figures. It is the kind of announcement that has, historically, been the precursor to nothing at all.

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So Nigerians should watch the idea with interest, but also with the healthy scepticism that comes from decades of promises about electricity.

The minister deserves a measure of credit for at least diagnosing an important part of the illness.

For once, the conversation has shifted from the head to the feet – from generation to distribution, from megawatts to money.

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At the same time, the Nigerian people have been given blueprints before. They have learned to admire the drawings while the building crumbles.

The Energy Zones remain a proposal. The government has not yet announced the detailed capacity requirements, implementation timetable or precise infrastructure investments that would make 24-hour supply possible.

That is not necessarily a fatal flaw. It may simply mean the idea is still being worked out.

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But it does mean that the language of 24-hour power should be treated as an aspiration until it is matched by the machinery of implementation.

Yet the proposal deserves attention because it reflects a potentially important shift in the way the power problem is being conceived.

Nigeria may not fix its electricity crisis in one heroic sweep. It may have to build reliability corridor by corridor, demand centre by demand centre, and economic cluster by economic cluster.

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There is nothing inherently glamorous about such work. It is engineering, finance, regulation, distribution and relentless attention to the weak link in the chain. But perhaps that is precisely the point.

The country has spent decades waiting for the great national electricity breakthrough.

Tegbe’s emerging approach suggests something less dramatic and potentially more practical: make a few economically critical parts of the system work properly, learn from them, strengthen the model, and expand it.

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The success of that approach will ultimately be measured not in speeches or megawatts, but in what Nigerians can do with the electricity when it arrives.

Does the factory run a second shift? Does the business hire more workers? Does the hospital keep its equipment running through the night? Does the young entrepreneur stop budgeting for diesel and start budgeting for growth?

Also read: Everton Celebrates Nigeria’s 66th Independence With Football Legends

That is where the real power story begins. And that is the standard against which Tegbe’s Energy Zones should ultimately be judged: not by whether 24-hour power sounds impressive in a press release, but by whether the lights stay on long enough for Nigerians to build something with them.

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