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  •  Opening remarks at the press conference of the National Energy Crisis Committee of Ministers
    Opening remarks at the press conference of the National Energy Crisis Committee of Ministers
     Opening remarks at the press conference of the National Energy Crisis Committee of Ministers
    Opening remarks at the press conference of the National Energy Crisis Committee of Ministers
    Africa2 weeks ago

    Opening remarks at the press conference of the National Energy Crisis Committee of Ministers

    Good afternoon Ministers and members of the media.

    As everyone knows, President Cyril Ramaphosa addressed the nation on Monday, July 25, 2022, where he announced an unprecedented set of interventions to end load shedding and achieve energy security.

    Load shedding is the single largest constraint to South Africa's economic growth.

    The government is taking bold steps both to address the immediate crisis and to make cargo shedding a thing of the past.

    Furthermore, we are mobilizing all the resources at our disposal and will do whatever is necessary to achieve energy security.

    I must emphasize that achieving energy security is our most important goal as a country, to enable economic growth and job creation.

    Our short-term goal is to reduce the severity and frequency of load shedding through immediate measures to stabilize the power system.

    Our long-term goal is to end load shedding entirely.

    In this regard, the Government will focus on: 1.

    First, improving the performance of Eskom's existing power plants; and 2.

    Second, add as much new generation capacity to the grid as possible, as quickly as possible.

    To this end, the President established the NECOM, a National Energy Crisis Committee, comprising all relevant government departments and Eskom, led by the Director General of the Presidency, Ms. Phindile Baleni.

    This structure reports to an Interministerial Committee, which will be chaired by the President and made up of the Minister of the Presidency, the Minister of Mineral Resources and Energy, the Minister of Public Enterprises, the Minister of Finance, the Minister of Forestry, Fisheries and the Environment.

    Environment and the Minister of Commerce, Industry and Competitiveness.

    Several actions have already been carried out to deal with the electricity supply deficit, which is the main cause of load cuts.

    Some of these actions include: · Changes have been made to the New Generation Capacity Regulations to allow Municipalities to acquire energy independently.

    As a result, several municipalities are in the process of purchasing additional power.

    · One of the first steps President Cyril Ramaphosa took was to revive the renewable energy procurement program.

    This allowed 2,205 MW of bidding window 4 to proceed to construction, most of which have now been connected to the grid.

    · A further 6,800 MW of solar photovoltaic and wind power are being procured in terms of the current ministerial determination.

    This additional generation capacity will be connected to the grid from the end of 2023.

    Another 3,000 MW of gas and 513 of battery storage will be acquired through the next bidding windows.

    · In 2021, we raise the license threshold from 1MW to 100MW.

    This has resulted in a portfolio of more than 80 confirmed private sector projects in development with a combined capacity of more than 6,000 MW, several of which will start construction this year.

    · Eskom has established an independent transmission company and is on track to separate its generation and distribution businesses by the end of 2022.

    These are just a few examples of the interventions the government has already put in place.

    However, we recognize that we must be responsive to the situation as it develops.

    The severe load loss we experienced last month showed that additional actions are needed to restore system stability and increase generation capacity.

    Today ministers will break down these actions in more detail and outline next steps to ensure effective implementation.

    The plan announced by the president includes five interventions with specific actions and timelines to address the electricity deficit: 1.

    Repair Eskom and improve the availability of existing supply 2.

    Enable and accelerate private investment in generation capacity 3.

    Accelerate the acquisition of new capacity from renewables energy storage, gas and batteries 4.

    Unleash businesses and households to invest in rooftop solar 5.

    Fundamentally transform the electricity sector to achieve long-term energy security.

    The NECOM has already begun to meet regularly to ensure that these actions are implemented quickly.

    Eight work streams have been established to ensure coordination across government, and discussions are ongoing with the private sector and other social partners to ensure that the best available expertise in the country is brought into this effort.

    As the President said in his address to the nation: "The crisis we face requires that we take bold, courageous and decisive action to close the electricity gap."

    That is our primary goal as a government.

    I now give the floor to the Ministers to provide more details.

  •  DMO lists additional FGN savings bonds for subscription at N1 000 per unit
    DMO lists additional FGN savings bonds for subscription at N1,000 per unit
     DMO lists additional FGN savings bonds for subscription at N1 000 per unit
    DMO lists additional FGN savings bonds for subscription at N1,000 per unit
    Economy2 weeks ago

    DMO lists additional FGN savings bonds for subscription at N1,000 per unit

    The Debt Management Office (DMO) has announced two additional Federal Government of Nigeria (FGN) savings bonds for offer for the month of August, at N1,000 per unit.It stated on Monday in Abuja that the first offer is a two-year savings bond due on Aug. 10, 2024 at interest rate of 9.41 per cent per annum.The second is a three-year savings bond due on Aug. 10, 2025, at an interest rate of 10.41 per cent per annum.The DMO added said that the bonds are subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, and subject to a maximum subscription of N50 million.It stated also that the offer opens in Aug. 1 and closes on Aug. 5, adding that coupon payments would begin on Nov. 10. “Interest is payable quarterly while bullet repayment (the principal sum) will be made on maturity date.“The FGN bonds qualify as securities in which trustees can invest under the Trustee Investment Act. “They qualify as government securities within the meaning of Company Income Tax Act and Personal Income Tax Act for tax exemption for Pension Funds, among other investors.“They are listed on The Nigerian Stock Exchange and qualify as liquid assets for liquidity ratio calculation for banks,’’ the DMO stated.It added that the bonds are backed by the full faith and credit of the Federal Government and charged upon the general assets of the country.NewsSourceCredit: NAN

  •  Oluwasanmi former NAN Board chairman is dead
    Oluwasanmi, former NAN Board chairman is dead
     Oluwasanmi former NAN Board chairman is dead
    Oluwasanmi, former NAN Board chairman is dead
    General news2 weeks ago

    Oluwasanmi, former NAN Board chairman is dead

    The family of Chief Oyekunle Oluwasanmi has announced the passing on of the former chairman of the Board of News Agency of Nigeria .This is contained in a statement issued in Abuja on Monday by Mr Oyewole Oluwasanmi and Mrs Oyeyemi Arikawe, son and daughter of the deceased, on behalf of the family.The family said that Oluwasanmi, who hailed from Ipetu ljesa in Oriade Local Government Area in Osun, died on July 14. Late Oluwasanmi was appointed the chairman of NAN Governing Board in 1992.He also served in the Department of Customs and Excise in 1968 and rose to the position of Area Administrator of Tin Can Island and Calabar Ports before he voluntarily retired from service in January 1987.“In 1995, he was appointed by the then Federal Military Government as a member of Committee for States and Local Governments Creation.“The committee recommended the creation of Ekiti, Ebonyi, Nasarawa, Gombe, Zamfara and Bayelsa States which were created in 1996. “The funeral rites for Chief Oluwasanmi will commence from Sept. 7, culminating with interment on Sept. 10 at Ipetu Ijesa, Osun State”, the family said. NewsSourceCredit: NAN

  •  Eritrean Community Festival in Scandinavia
    Eritrean Community Festival in Scandinavia
     Eritrean Community Festival in Scandinavia
    Eritrean Community Festival in Scandinavia
    Africa2 weeks ago

    Eritrean Community Festival in Scandinavia

    The 24th festival of the Eritrean community in the Scandinavian countries which officially opened on July 28 in Stockholm under the motto "Independent election, backbone of our pride" concluded on July 31.

    The festival was highlighted by the presence of the six regional governors as guests of honor, various citizens of Scandinavian countries and others, as well as the Walta cultural troupe from Eritrea.

    Noting that the participation and contribution of nationals in national affairs is growing from time to time, Mr. Alem Teklegergis, chairman of the coordinating committee for holidays in the Scandinavian countries, said that this testifies to the strong bond that nationals have with your contry.

    Mr. Sirak Bahlibi, Head of Public and Community Affairs of the Embassy of Eritrea, for his part, expressed his gratitude to all those who contributed to the success of the festival.

    The festival featured seminars on the objective situation in the country as well as regional developments, a children's village, community meetings, youth programs, exhibitions, as well as cultural and artistic performances, among others.

    Ambassador Mahmud Ali Hiruy, Governor of the Gash Barka region, also led a seminar for the participants focusing on external hostilities and conspiracies and the strong resistance of the Eritrean people, as well as established national development programs.

  •  Inaugurated training center in Teseney
    Inaugurated training center in Teseney
     Inaugurated training center in Teseney
    Inaugurated training center in Teseney
    Africa2 weeks ago

    Inaugurated training center in Teseney

    A 33 million nakfa training center sponsored by the Swiss branch of the National Union of Eritrean Women was inaugurated in Teseney on 28 July. The opening ceremony was attended by Ms. Leul Gebreab, Minister of Labor and Social Welfare, and Colonel Yonas Bitxuamlak, Commander of the Northwest Border Command, as well as other guests.

    Speaking at the event, Ms. Tekea Tesfamicael, President of the National Union of Eritrean Women, indicated that training centers aimed at developing the overall capacity of women in all regions have been established with the cooperation of nationals inside and outside of the country, praised the contribution made by the Swiss branch.

    Mr. Gebreselasie Negash, Director General of Administration and Finance for the region, for his part expressed his willingness to play his part in enabling the center to achieve its intended goal.

    Ms. Tirhas Tewolde, Swiss Branch Manager, expressed her satisfaction that the project is complete and ready to go.

    The training center includes an assembly hall with a capacity of 500 people, a training hall, five offices and 10 latrines.

  •  Group wants Jos market reconstruction suspended
    Group wants Jos market reconstruction suspended
     Group wants Jos market reconstruction suspended
    Group wants Jos market reconstruction suspended
    General news2 weeks ago

    Group wants Jos market reconstruction suspended

    A coalition of Plateau indigenous groups and other related organisations have called for the suspension of proposed work at the Jos main market (Terminus) for what they describe as ambiguity in contract agreement.

    According to them the agreement is between the state government and the financier of the reconstruction — Jaiz Bank Plc. The group made the call in a meeting convened by the Chairman of the Christian Association of Nigeria (CAN) in Plateau, Rev. Fr. Polycarp Lubo on Monday at Government House, Jos. The CAN chairman conveyed the stakeholders position at a news conference at the end of a meeting between the groups and state executives of the Plateau Government.

    The News Agency of Nigeria recalls that the Plateau Executive Council approved the reconstruction of the market gutted by fire in 2002  through a public private partnership with Jaiz Bank Plc. The reconstruction is estimated to cost N9.4 billion for three phases of the market.

    The CAN official said that he convened the meeting following tension in the state on information  that the state had mortgaged the lives and property of its youths for 40 years through its agreement.

    He said the groups were aggrieved of not being consulted as critical stakeholders before the agreement on the market reconstruction.

    He advised that the reconstruction should be put on hold until proper consultation would be done.

    “We came to a conclusion that they (government) will go and redress this situation and look into our concerns until our fears are being addressed.

    Speaking on behalf of government, Mr Chrysanthus Ahmadu, the Attorney General for the state, expressed concern that Plateau people had been misinformed on the reconstruction contract.

    He explained that the “40 years period the a sub-lease for the buyers to help them to recoup from buying the shops.

    “The agreement is that the allotees will be granted a 40 years sub-lease by the Jos Main Market Authority at the end of 40 years the property reverts back to the market authority.

    “ So if you are buying a shop know that you are buying for 40 years, it is not Jaiz Bank Plc. which is to be given 40 years,” he said.

    He said the state government was still discussing with the bank as no conclusion had been reached but an understanding was reached on how the project would be executed.

    “Jaiz Bank Plc. is just a financier, it is putting money for the contractor to do the job and at the end of it, they will sell 60 per cent while government will sell 40 per cent”, he said.

    He assured the Plateau people of fairness and equity in the sale of the shops, saying even the 60 per cent to be sold by the bank would be supervised by government for fairness.

    He added that government had listened to their concerns and would go back for further consultations to best serve the interest of the people.


    NewsSourceCredit: NAN

  •  ADC presidential candidate appoints campaign spokesman
    ADC presidential candidate appoints campaign spokesman 
     ADC presidential candidate appoints campaign spokesman
    ADC presidential candidate appoints campaign spokesman 
    General news2 weeks ago

    ADC presidential candidate appoints campaign spokesman 

    Mr Dumebi Kachikwu, presidential candidate of  African Democratic Congress (ADC),has appointed Mr Adeniyi Kunnu, a broadcast professional ,as spokesman of his 2023 campaign organisation.

    Kachikwu ,who made this known in a statement on Monday in Abuja ,described Kunnu as a versatile communicator, with vast experience in   broadcast journalism.

    “Kunnu ,who holds both Bachelors and Master of Arts Degrees in Literature-in-English from Lagos Sate University, Ojo, and the University of Lagos, Akoka, Lagos, is currently a PhD student of Literature-in-English at the University of Abuja.

    “He brings to the job a rich experience as a versatile communicator,following long years of practice in the broadcast industry and lecturing in the academia,”he said.

    According to him,Kunnu has undergone several  professional development courses and has held professional positions in both public and private sector.

    Kachikwu added that the appointee  was a news and programmes presenter cum producer and senior management executive at a radio station in Lagos.

    “And  he is a member of many professional bodies including the Nigeria Union of Journalists, Radio, Television and Theatre Arts Workers Union and Association of Voice Over Artists of Nigeria (AVOA),” he said.


    NewsSourceCredit: NAN

  •  NAMA to install instrument landing system in Owerri Jalingo airports
    NAMA to install instrument landing system in Owerri, Jalingo airports
     NAMA to install instrument landing system in Owerri Jalingo airports
    NAMA to install instrument landing system in Owerri, Jalingo airports
    General news2 weeks ago

    NAMA to install instrument landing system in Owerri, Jalingo airports

    The Nigerian Airspace Management Agency (NAMA) says it is working to install Category II Instrument Landing systems (CAT II ILS) in Owerri and Jalingo airports that have no ILS presently.

    The agency’s Acting Managing Director, Mr Lawrence Pwajok, said this in a statement issued in Lagos on Monday.

    Pwajok said that all airports in the country had a minimum of CAT II ILS, adding that there were no obsolete navigational facilities at the airports.

    The NAMA boss said it had invested heavily on navigational facilities more than any other facilities at both federal and state-owned airports to ensure that aircraft operate at any time.

    “Apart from one or two private aerodromes, all the federal and state government owned airports managed by NAMA are equipped with Instrument Landing System (ILS)”, he said.

    Pwajok frowned at the idea of tagging some airports as “sunrise” or “sunset airports”, given that almost all airports in Nigeria had instrument landing facilities for approach and landing.

    He explained that they were operating based on Instrument Flight Rules (IFR) and not based on Visual Flight Rules (VFR) where the pilots were required to visually approach and land within Sunrise to Sunset time.

    Explaining further, the NAMA boss said the agency had commenced the implementation of Category III ILS in Abuja and Lagos airports to tackle visibility issues during adverse weather.

    According to him, Katsina, Kano and Port Harcourt airports have been installed with the facility and will be ready for use before the end of 2022. In the area of search and rescue services, he assured airlines that the agency would always be available to provide the service.

    On how the agency was managing the single runway being operated in Lagos as a result of ongoing repairs at the 18 Left, Pwajok said it developed contingency procedures for a single runway operation.

    “This is against the two runways, and the installation of lighting at the runway will complement the CAT II ILS installed there to bring about 24-hour operation and also serve as backup for the international runway (18 Right).

    “It is very important that we address this issue of domestic runway 18 Left which has been in the dark for 20 years.

    “It is a difficult thing for the airlines, pilots and air traffic controllers, but we are coping with it.

    “This is because we know that it is the only way we can increase operating capacity of the airport when we have two functional runways,” he said.


    NewsSourceCredit: NAN

  •  Attack on village in Jos South a ploy to instigate disharmony Lalong
    Attack on village in Jos South, a ploy to instigate disharmony–Lalong
     Attack on village in Jos South a ploy to instigate disharmony Lalong
    Attack on village in Jos South, a ploy to instigate disharmony–Lalong
    Defence/Security2 weeks ago

    Attack on village in Jos South, a ploy to instigate disharmony–Lalong

    Gov. Simon Lalong of Plateau has described the attack on Danda Chugwi in Jos South Local Government as a ploy to instigate disharmony.The governor, in a statement by his Spokesperson, Dr Makut Macham on Monday in Jos, condemned the act where some persons were reportedly killed and injured.Lalong directed security forces to arrest and prosecute those behind the attacks according to the laws of the land.“Security agencies including the Police, Operation Safe Haven, DSS, Operation Rainbow, have been tasked to work with the local intelligence and ensure that those behind this wicked act are fished out,” he said He sympathised with the affected families and directed the State Emergency Management Agency with the Plateau Peace Building Agency to ensure that immediate relief was given to those affected and the community.The governor urged residents to cooperate with security agencies, the traditional institution, community leaders and other community security architecture in exposing criminals.NewsSourceCredit: NAN

  •  Abuja Millennium Park reopens after 2 year COVID 19 induced closure
    Abuja Millennium Park reopens after 2-year COVID-19 induced closure
     Abuja Millennium Park reopens after 2 year COVID 19 induced closure
    Abuja Millennium Park reopens after 2-year COVID-19 induced closure
    General news2 weeks ago

    Abuja Millennium Park reopens after 2-year COVID-19 induced closure

    The Federal Capital Territory Minister, Malam Muhammad Bello, on Monday reopened the popular Millennium Park after two years of closure due to the outbreak of COVID-19 in 2020. The park, which was closed down at the height of the COVID-19, was conceived and designed by Italian architect, Manfredi Nocoletti, and inaugurated by Queen Elizabeth II on Dec. 4, 2003. Bello explained that the event was more than just reopening of the park, but also appreciating the God Almighty `for having taken us safely throughout the difficult time’.

    He said it was unfortunate that nearly 95 per cent of the parks in Abuja had derailed from the Federal Capital Territory Administration (FCTA) park policy.

    Bello appealed to the media and the public to support the FCTA’s efforts towards rediscovering Abuja from what it was meant to be by the founding fathers.

    The minister urged those opposing the FCTA park policy to have a rethink and support the administration in the journey to transform all park.

    “Today signifies a milestone for the city.

    A day when officially our own Millennium Park in Abuja will be open after over two years as a result of the COVID-19 pandemic.

    “For us in the city, this occasion today is more than just the reopening of the park but appreciating God Almighty for having taking us safely through all these difficult times.

    “More importantly it is a day when we are going to say thank you Salini Nigeria L.

    td.

    , for being a very reliable partner and cooperate citizen in Abuja, who have singlehandedly constructed this park over 22 years ago”, he said.

    He called on part operators to respect laid down rules regarding the conduct of their business as exemplified by the managers of the Millennium Park “They have an opening time, they have a closing time, they have perimeter fence, lights, security and toilet.

    ” Earlier, the Managing Director of Salina Nigeria L.

    td.

    , Dr Piero Capitano, thanked the administration for all the support to the company.

    Represented by the Project Manager of the company, Mr Gennaro D’ltria, Capitano, said that the park was a place of relaxation which provides freedom and peace.


    NewsSourceCredit: NAN