oleh admin | Apr 21, 2025 | business, energy sector, investing technology, technology, technology trends
The engineers in Nigeria, through the support of the Nigerian Society of Engineers (NSE), have stated that the nation’s current food security issues might be addressed by utilizing digital technologies.
During her address at the third annual Engineer Lanre Sagaya Distinguished Lecture held by the NSE, Ilorin chapter, on Tuesday, with the theme “Addressing Food Security in Nigeria Through Digital Infrastructure: Prospects, Challenges and Way Forward,” Engineer Margaret Aina Oguntala, who serves as the President and Chairman-in-Council of the organization, highlighted how embracing digital technology could open up fresh avenues for expanding agriculture, optimizing distribution networks, and guaranteeing that food supplies reach all parts of the country.
The president of NSE mentioned that the topic of the lecture could not be timelier or more important, emphasizing that the matter of food security has become even more urgent amidst the worldwide economic downturn.
We can’t overlook the reality that food security stands as an essential cornerstone of national progress, and as engineers, it falls upon us to offer cutting-edge solutions to address this issue. The digital framework holds the power to revolutionize how we handle food production, distribution, and usage within Nigeria.
Through the use of digital technologies, we can uncover fresh chances for expanding agriculture, simplify logistics processes, and guarantee that sustenance arrives at all parts of our country.
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The guest lecturer, Engineer Dr. Umar Bindir—a previous advisor to President Muhammadu Buhari—stated that achieving food security involves leveraging technology, skill, and information to produce sufficient quantities of high-quality food items for the public at reasonable costs.
Bindir further stated that the country needs to enhance its dedication to ensuring food security, emphasizing that this objective will be met when scientists, experts, agricultural entrepreneurs, and various professionals collaborate to generate sufficient quantities of both plant-based and livestock-derived food for the population.
Additionally, the Chairman of the NSE, Ilorin chapter, Engineer Dr. Olusola Ogunjirin, stated that the yearly event known as the Distinguished Lecture Series functions as an essential forum for intellectual discussions, exchange of knowledge, and strengthening collaborations between engineers, policy makers, and sector heads.
“Every year, this lecture offers us crucial perspectives on current engineering difficulties and advancements that propel our nation’s progress,” he stated.
Dr. Ogunjirin said that the event was not just a lecture but a celebration of excellence, professionalism, and the remarkable contributions of Engineer Sagaya to the field of engineering and national development.
FURTHER READING ON THE LATEST HEADLINES IN NIGERIA’S TRIBUNE
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oleh admin | Apr 20, 2025 | alternative energy, energy sector, energy sustainability, engineering, solar panels
The Energy and Power Development Minister, July Moyo, has announced intentions for Zimbabwe to start producing solar panels and lithium batteries. This initiative aims to prevent severe power shortages while promoting the use of clean, sustainable energy sources.
This initiative will entail partnerships among nearby educational institutions and global companies to leverage knowledge and technological resources for business manufacturing purposes.
At the recently concluded sixth International Renewable Energy Conference and Expo, Moyo stated that the Cabinet had already endorsed the project framework for implementing this innovation.
“We firmly believe that the future has arrived due to the advanced technologies at hand. Our aim is to collaborate with various universities, and just this week, the Cabinet endorsed a plan to join forces with Chinhoyi University of Technology for initiatives focused on solar power. This collaboration will encompass every facet of solar innovation, research, education, as well as possibly producing our own solar panels and investigating battery alternatives, considering our substantial lithium reserves,” according to statements from state-run media attributed to Moyo.
We think the chances are now accessible to all to join in.
An agreement known as a Memorandum of Understanding (MoU) has been reached with the International Solar Alliance (ISA) to set up a Solar Technology Application Resource Center (STAR-C) at Chinhoyi University of Technology (CUT).
The objective of this program is to enhance capabilities for deploying solar energy, as well as promoting research, development, and innovation in this sector, thereby strengthening the nation’s position in the realm of renewable energy.
As we consider these matters, solar or renewable energy should be framed within our economic landscape, which currently encompasses 17 distinct sectors.
“The major sectors include agriculture, mining, industry, and manufacturing. Given our involvement in renewable energy, we should concentrate on these domains and pinpoint potential within each of them,” Moyo added.
The minister restated that Zimbabwe needs to adopt clean energy.
We’re focusing on clean cooking solutions, aiming to free both men and women from the pervasive smoke generated by damp wood during the rainy season. Therefore, advocating for cleaner cooking methods is one of our primary objectives.
“Enhancing energy efficiency is not merely optional—it has become essential. This approach stands as one of the most economical methods for expanding energy availability, cutting down emissions, and boosting economic output across various industries,” stated Moyo.
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oleh admin | Apr 7, 2025 | economics, economy of china, energy consumption, energy sector, hong kong
The supplier anticipates that this trend will continue, whereas economists link reduced consumption to evolving lifestyles, such as greater travel to the mainland.
In 2024, gas consumption in Hong Kong remained under the pre-pandemic levels for an uninterrupted six years. The provider anticipates this trend will continue, as economists attribute this phenomenon to a “structural reduction” in use attributed to shifts in living habits, such as more frequent trips to mainland China.
The city’s only gas provider, the Hong Kong and China Gas Company, commonly referred to as Towngas, connected their prediction with the anticipated mild temperatures for this year.
Professor Lee Shu-kam, who leads the Department of Economics and Finance at Shue Yan University, highlighted a “structural decrease in gasoline sales” within the city.
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An essential aspect is the weak economy. With a decrease in tourism, stores will utilize less fuel,” Lee explained. “However, what matters most is that following the pandemic, numerous individuals have started spending more within their own country.
For example, individuals who are 60 years old or older can use railway services for free in Shenzhen by showing their Home Return Permits, passports, or other identification documents provided by the local government, as stated on a site from the Constitutional and Mainland Affairs Bureau.
The free transportation rates were “highly appealing,” according to Lee. “However, once you’re there, having meals is essential.”
In 2024, gas sales in Hong Kong amounted to 27,159 terajoules, which represents an 8.1 percent decrease compared to the figures from 2018. This outcome comes after a 0.1 percent yearly growth managed to reverse a continuous decline over the past five years, as reported by Towngas.
The firm projected that natural gas sales were expected to increase marginally to 27,200 terajoules in 2025, which represents an 8 percent decrease from the 29,550 terajoules sold in 2018 prior to the onset of the COVID-19 pandemic.
A representative from the gas firm stated to the Post that they anticipate the gas usage in 2025 to stay steady at approximately 27,200 terajoules, assuming there’s no major shift in how residents of Hong Kong live and considering the mild climate projected for 2025,
The gas firm highlighted several elements impacting gas sales in Hong Kong throughout recent years, encompassing periods of pandemic, post-pandemic challenges, along with subsequent recovery phases.
“Overall, we are witnessing severe effects of climate change, with temperature records in Hong Kong showing increases compared to earlier years from 2021 through 2023,” stated the spokesperson.
Consequently, the usage of gas dropped because lesser amounts of hot water were consumed.
Home gas consumption has decreased continuously over the past four years, dropping to 14,437 terajoules in 2024. This figure represents 53 percent of overall usage, as reported by the gas firm and highlighted in their investment briefing for fiscal year-end 2024 results.
The spokesperson stated that residential gas usage was impacted by “unprecedented worldwide temperature records” in the previous year and the tendency of residents of Hong Kong traveling to Mainland China, resulting in a “minor reduction of 1.4 percent.”
The spokesperson pointed out that gas usage in homes rose by 11 percent compared to the previous year, totaling 16,685 terajoules in 2020 because of pandemic-related limitations.
However, by 2023, once these restrictions had been eased and individuals could resume their international trips, natural gas consumption within households dropped by 8.4 percent compared to the previous year, totaling 14,648 terajoules.
Professor Lee from Shue Yan University further noted that the increase in food delivery services and the prevalence of smaller households, often consisting of only two individuals, who may opt for dining out rather than cooking at home, has led to persistently reduced consumption of gas.
Lee further pointed out that the migration of numerous households with children, significant consumers of natural gas for culinary purposes and personal hygiene, has also contributed to this decrease.
In the meantime, Vera Yuen Wing-han, an economics lecturer at the University of Hong Kong, noted that there has been “a move toward electrical devices.”
“As modern housing designs evolve with features like open kitchens and studio apartments, there has been an increase in the use of electric heaters and stoves,” Yuen explained.
Such designs usually comply with fire safety rules that restrict or prohibit the usage of open flames.
In 2024, industrial consumption represented 7 percent of the overall usage, marking a significant increase of 107 terajoules attributed to heightened activity in aviation catering and laundry facilities, as reported by the gas company.
Significantly, the commercial utilization of gas varied alongside the nominal GDP, increasing in 2021, 2023, and 2024, whereas it declined in 2020 and 2022.
In 2024, commercial gas usage represented 40 percent of the overall consumption and kept increasing.
This improvement was due to a rebound in tourism-associated industries, marked by hikes of 66 terajoules and 20 terajoules in natural gas consumption for hotels and amusement parks, along with hospitals and social service organizations experiencing an upsurge of 137 terajoules.
The spokesperson stated that the increase in usage observed in 2021 was associated with the city’s voucher program implemented during the pandemic, aimed at boosting local expenditures.
However, in 2020, commercial use declined by 17.7 percent to reach 11,262 terajoules.
“The catering sector was considerably impacted during the pandemic era and throughout the recovery phase,” stated the spokesperson from the gas company.
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oleh admin | Apr 1, 2025 | cars, energy sector, motor fuel, oil, petroleum
On Tuesday, April 1st, Minister of State for National Treasury Godfrey Kabera addressed concerns raised by the Rwandan Parliamentary Committee on Economy and Trade regarding a proposal to impose a tax on gasoline and gas oil aimed at tripling the nation’s strategic petroleum stockpile. This move has sparked debate as Rwanda advances towards adopting hybrid and electric vehicles.
Currently, Rwanda holds around 110 million liters of fuel reserves sufficient to cover roughly two months’ worth of supplies in case of disruptions. Under the revised plan, however, the aim is to expand this reserve pool to approximately 320 million liters—a nearly threefold increase.
MP Jean-Claude Mazimpaka voiced apprehensions over the contradiction between promoting electric vehicles and simultaneously boosting fossil-fuel-based transportation infrastructure. He noted, “As our focus shifts toward encouraging electric car usage nationwide, policies designed to augment traditional fuel resources appear counterproductive.”
Another legislator, MP Deogratias Bizimana Minani, warned that such measures risk inflating commodity prices significantly. For example, under the present scheme, if diesel presently priced at RWF1,647 per liter saw an extra charge of RWF329.4 added via the proposed legislation, retailers might hike product pricing further out of necessity.
In defense of the bill, Minister Kabera stressed that despite advancements in electrification within automotive markets globally, certain critical sectors including aviation remain heavily dependent upon liquid fuels. Specifically referencing plans underway concerning construction activities near Kigali International Airport located outside Bugesera District, he highlighted ongoing requirements necessitating robust access to conventional energy sources across various industrial applications too.
Data provided indicates substantial progress being recorded year-on-year amongst early adopters transitioning into newer forms of sustainable motoring technologies; nonetheless, internal combustion engine automobiles continue dominating local roadways overwhelmingly – accounting upwards of ninety-five percent total fleet registrations documented thus far throughout calendar years leading through mid-2024 alone.
To mitigate potential adverse economic ramifications potentially stemming directly related changes brought forth alongside implementation phases associated therewith, policymakers engaged extensively beforehand assessing anticipated effects impacting key agricultural logistics chains reliant largely upon consistent provision pathways facilitating movement efficiencies thereof.
Finally addressing suggestions advocating greater flexibility built-in provisions enabling future adjustments post-adoption stages where unforeseen complications emerge down-the-road eventually, Mr. Kabera confirmed assurances indicating variable rates utilized hereunder shall inherently self-adjust dynamically correlating closely corresponding trends observed periodically prevailing broadly pertaining general consumption patterns exhibited consistently historically speaking henceforth moving forward accordingly going ahead onwards perpetually onward indefinitely until otherwise specified officially thereafter subsequently proactively pre-emptively preempted effectively efficiently proficiently adequately sufficiently appropriately properly thoroughly completely fully comprehensively universally ubiquitously uniformly equitably inclusively democratically transparently openly candidly frankly honestly accurately precisely correctly validly reliably verifiably substantiated evidenced 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oleh admin | Mar 30, 2025 | energy sector, government, politics, politics and government, politics and law
Governor Alex Otti from Abia State has assured that his administration is willing to collaborate with the National Assembly in developing and promoting renewable energy sources. This collaboration aims to find lasting solutions for addressing the nation’s electricity supply issues.
The governor extended this commitment during a welcome meeting for the members of the House of Representatives Committee on Renewable Energy who visited his residence in Aba town on Saturday.
Governor Otti emphasized the significance of addressing the nation’s energy issues as a priority and praised the 10th House of Representatives under the leadership of Speaker, Rt. Hon Tajudeen Abbas, for tackling this issue head-on.
He mentioned that right from the start of his term, he focused on addressing the deterioration of infrastructure in Aba. He emphasized tackling issues related to environmental cleanliness, power supply, and road networks since these aspects were essential for enhancing the significant industrial capabilities of Aba’s residents.
The governor stated that the administration needed to establish an agreement with a private company for electricity distribution called Geometric. Additionally, they introduced a bill named “Abia State Electricity Regulatory Bill,” which was approved by the state assembly and subsequently enacted as legislation to support the government’s efforts towards improving electricity provision.
He mentioned that presently, Aba and surrounding areas are receiving approximately 23 to 24 hours of power supply daily, thanks to around 80 megawatts supplied by Geometric.
He expressed the government’s willingness to collaborate with the initiative of the House of Representatives Committee on Renewable Energy for organizing their inaugural Legislative Summit on Renewable Energy. The event is scheduled to take place in Lagos from May 5-7, 2025.
He stated that his administration would take full part due to the necessity for joint efforts in tackling the country’s energy security issue.
In an earlier part of his address, Hon Victor Afam Ogene, who chairs the House Committee on Renewable Energy and represents Ogbaru Federal Constituency in Anambra State, informed the governor that the objective of the delegation’s visit was to secure the collaboration of Abia state government with the developmental initiatives being undertaken by the House of Representatives.
He informed the governor that the summit was designed to bring together stakeholders, specialists, and legislators to develop strong policies and programs that would propel the expansion of renewable energy and enhance grid modernization.
He mentioned that several important stakeholders from within the country and internationally have already expressed their willingness to take part, noting that among these experts are individuals from South Africa and Gambia.
Honorable Ogene informed Governor Otti that the Speaker of the Parliament of Ghana along with several prominent international organizations such as the INDP, GIZ, and EU have expressed their willingness to collaborate with the committee. This partnership aims to guarantee the successful implementation of this crucial policy initiative.
The individual informed the governor of Abia State that Hon Tajudeen Abbas, who serves as the Speaker of the House of Representatives, acknowledges his significant contribution to Nigeria’s progress. He further mentioned that the Speaker emphasizes renewable energy development as essential for addressing national power supply issues and decreasing dependence on fossil fuels.
According to the legislator, this event aims to foster knowledge exchange and encourage discussions among lawmakers, specialists, and key participants regarding crucial legislative goals, regulatory structures, and international leading examples. This collaboration seeks to expedite the integration of renewable energy sources in Nigeria.
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oleh admin | Mar 30, 2025 | business, economics, energy sector, government, news media
ABUJA
– The Nigerian Economic Summit Group (NESG) has introduced a fresh plan to propel Nigeria’s economic growth.
At the launch of the fresh strategy during a media interaction event in Abuja over the weekend, Dr. Tayo Aduloju, CEO of NESG, highlighted that this plan emphasizes measurable objectives within major economic areas for both the near and intermediate future. It reflects the organization’s dedication to implementing practical measures aimed at stimulating development and wealth creation.
Labeled as part of the “arc of the possible,” he detailed how the updated roadmap emphasizes the adjustment of stabilization approaches to tackle new obstacles, guaranteeing sustained development and improved quality of life.
He pointed out that although the reforms were beneficial on their own, the risk lies in poorly implemented policies or rollback of these reforms, which could result in economic stagnation and increased vulnerabilities.
According to NESG, the fresh approach focuses on establishing structures to support six key reforms: fostering a competitive market, encouraging investments from the private sector, building supportive conditions, ensuring democratic governance aligned with national interests, upholding the rule of law, and laying down solid economic groundwork for long-term growth.
The NESG suggested that from 2025 to 2026, the government should concentrate on fostering a favorable environment for investments, addressing issues of food sovereignty and security. They emphasized that during this timeframe, the administration must also prioritize advancements in areas such as energy, agriculture, technology, infrastructure, and trade.
Between 2025 and 2030, as suggested by NESG, the emphasis ought to be placed on enhancing productivity and efficiency, managing population dynamics, and generating employment opportunities.
The aim is for the ICT sector’s real GDP to grow by at least 20 percent between 2025 and 2026. Additionally, by this period, we expect that at least 40 percent of citizen and business engagements with the government will be digitized, along with achieving a broadband penetration rate of at least 70 percent.
It aims to achieve within the short term that the government reduces post-harvest losses by 50 percent, increases the production of the top five crops by 20 percent, and cuts food imports by 50 percent.
“In the realm of energy, the strategy aims for the near future with three key goals: ensuring that at least 90 percent of qualifying electricity consumers will be equipped with meters; boosting crude oil output to reach 2.5 million barrels daily; and achieving an uptick of at least 40 percent in natural gas production,” stated the NESG.
By 2026, the NESG aims to double the cargo volume carried via rail transport and achieve complete operation of the concessions for the seven major roadways.
“The NESG stated that phasing out trade barriers for crucial intermediary goods would decrease production expenses for companies, allowing them to offer their products at more competitive prices.” They further noted that eliminating these obstacles could not only curb inflation but also boost economic efficiency, resilience, and long-term growth prospects.
According to the NESG’s economic forecast for 2025, an improved economic path is essential for enhancing engagement from the private sector, protecting living conditions, and reducing the effects of growing economic instability.
It acknowledged, however, that attaining strong economic growth poses a significant challenge requiring a reassessment of both present and future reform strategies.
This emphasizes three critical areas of reform for 2025: first, maintaining steady and mild inflation by reinforcing fiscal discipline via increased revenue from progressive taxation measures, cutting unnecessary spending, and channeling savings from reduced subsidies toward specific social programs; second, improving the effectiveness of monetary policies to ensure long-term price stability; third, removing import restrictions and lowering duties on crucial items to tackle bottlenecks in supplies and stabilize pricing.
The alternative approach involves increasing foreign exchange liquidity and stabilizing currency rates by simplifying trade procedures, improving remittances via digitization, and sustaining a trustworthy monetary policy framework to foster investor trust and guarantee exchange rate steadiness.
According to the NESG, enhancing fiscal performance and decreasing debt risks stands as the third key focus for reforms.
This focuses on revenue-driven fiscal consolidation, reallocation of spending, and the utilization of non-debt financing methods like public-private partnerships (PPP) to decrease debt levels and enhance fiscal stability.
Upon taking office, Tinubu’s administration initiated several reform measures. These included eliminating the fuel subsidy, consolidating exchange rates, and implementing tax reforms aimed at enhancing the nation’s revenue streams and bolstering domestic enterprises.
Even though the reforms aimed at fostering a stable economic climate favorable for investment, employment generation, and reducing poverty, they inadvertently led to rising costs of living. This increase has exacerbated poverty levels, causing both families and enterprises to struggle for survival.
During an interaction with reporters, Aduloju voiced his backing for the transformation of the Nigerian National Petroleum Corporation Limited into a publicly traded company.
He indicated that the project would enhance openness and responsibility along with guaranteeing adherence to global standards for corporate governance, thus benefiting every Nigerian.
He stated: “I strongly support making NNPC publicly traded. This would increase transparency. Therefore, any steps taken in that direction are highly appreciated.”
The higher the transparency, the greater the compliance with international standards for corporate governance. This makes it highly probable that NNPC will function more effectively for all Nigerians.
Although recognizing that the path to NNPC’s public offering is intricate and lengthy, he pointed out that Saudi Aramco began its transition several years back with preliminary measures akin to what NNPC is presently contemplating.
“It takes a considerable time for NNPC to reach the level of Saudi Aramco. However, Saudi Aramco embarked on their journey several years back. They initiated a similar process,” he stated.
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