General News
BPE Assures on Steady Power Soon

Benjamin Dikki, director general, Bureau of Public Enterprise (BPE) has asked anxious Nigerians desirous of steady public power supply to be patient as new core investors in the sector streamline strategies to get the country on sound footing.
Dikki stated at the public presentation of the Sapele Power company in Delta state to its core investor, Messrs CMEC/EuraAfric Energy Ltd that Nigerians were more than ever before “closer to a new dawn where power would be taken for granted.”
He assured that that in a few years, “the globally acclaimed successes recorded in the Telecom reforms would pale when compared to the opportunities expected in the power sector reform.”
Dikki said the determined leadership of the President Goodluck Jonathan and Vice President Mohammed Sambo, and their “insistence to the strict adherence to transparency and accountability was the difference between success and failure of the transaction.”
The country’s political leadership, Dikki noted, “has made a conscious effort to make the private sector the driver of economic growth in Nigeria; adding that the power sector reform was part of the administration’s avowed commitment to make Nigeria better than it met it.”
He stated that it was not by chance that Nigeria’s power sector reform and privatization was “adjudged the biggest, most transparent and comprehensive power sector privatization in recent history.”
On the low and still erratic power situation nationwide, despite the privatization efforts and promises of greater stability; Dikki assured the situation would improve drastically soon. He assured that the Sapele Power Plc would soon achieve the maximum installed capacity and begin to expand capacity, creating more jobs and opportunities for all Nigerians.
Chigbo Anichebe, head, public communications at BPE told Nigeria CommunicaitonsWeek that following the emergence of CMEC/EURAFRIC ENERGY LTD as the preferred bidder for Sapele Power Plc. for a bid consideration of $201 million, the company paid up $50,250,000, which is 25 per cent of the consideration by the deadline of March 21, 2013 as was required.
However, it was unable to complete the payment of the balance 75 per cent by the end of deadline on August 21, 2013; it has none-the-less paid an additional amount of $79,186,656.55 to bring its total amount paid to $129,436,656.55.
Anichebe stated that CMEC/EURAFRIC requested for extension of the payment deadline in accordance with the Share Sale Agreement. “This request was carefully considered and the Attorney General’s advice sought before the National Council on Privatization (NCP) gave its approval. On that basis, the Bureau wrote to CMEC/EURAFRIC conveying the approval, but quickly reminded the company that the extension was subject to its payment of the penalty, which is interest on the outstanding balance (at the prevailing rate of LIBOR + 5%) with effect from the day of default. The company was also warned that the extension, which would elapse on January 29, 2014, was final. The payment deadline was met by the core investor, hence the handover,” said Anichebe.
The handover marks the concluding stage of the transaction for five (5) generation companies and ten (10) distribution companies. The remaining two successor companies (Afam Power Plc. and Kaduna Disco) will be handed over to their respective owners after payment of the 75 per cent balance of the acquisition cost.
General News
Senate Gives Tinubu Nod to Borrow Fresh $6Bn

Senate on Tuesday approved the fresh $6 billion loan request forwarded to the lawmakers by President Bola Tinubu.

Lawmakers approved the fresh loan on the same date the request letter was read by Godswill Akpabio, senate president.
The Senate approved the loans following the presentation and consideration of the report by Senator Aliyu Wamakko, chairman, Senate Committee on Local and Foreign Debts.
President Tinubu had written to the Senate seeking approval to borrow a total of $6 billion to finance key government projects and address budgetary gaps.
The requests were contained in two separate letters addressed to Godswill Akpabio, president of the Senate, and read during Tuesday’s plenary.
In the first letter, the President requested approval to obtain a $5 billion loan from Abu Dhabi Bank.
According to the President, the facility will be used to cover the nation’s budget deficit and support debt financing, among other fiscal obligations.
The request forms part of the Federal Government’s efforts to stabilise public finances and sustain ongoing government programmes.
In a separate communication, Tinubu also sought approval to secure a $1 billion UK Export Finance loan facility from London Citi Bank.
The loan is intended for the rehabilitation of key port infrastructure, including the Lagos Port Complex and Tin Can Island Port.
The President said the project aims to address critical infrastructure deficiencies in the country’s maritime sector
According to him, the rehabilitation will help improve efficiency, enhance safety standards, and support Nigeria’s efforts to diversify its economy beyond oil.
He added that the initiative would also strengthen Nigeria’s position as a regional trade hub.
Both requests have now been considered and approved by the Upper Legislative Chamber.
General News
FG Earmarks $2Bn to Launch 2 Satellites in 2028, 2029

Federal government has fixed 2028 and 2029 for the launch of two communication satellites, NIGCOMSAT-2A and NIGCOMSAT-2B, as part of efforts to strengthen security and expand digital connectivity.

The government will be committing over $22 billion on the ambitious space-led growth agenda focused on new satellite launches, increased industry revenue and expanded broadband access in underserved communities.
At the opening of the 2026 Nigerian Satellite Week in Abuja, Dr Bosun Tijani, minister of Communications, Innovation and Digital Economy, confirmed the government’s approval for the acquisition of two new satellites—NigComSat 2A and 2B, describing the move as a “defining commitment” to national development, digital sovereignty and economic competitiveness.
Also, Mrs Jane Nkechi Egerton-Idehen, managing director of Nigerian Communications Satellite Limited (NigComSat), noted that the projects have moved beyond procurement to the execution stage.
She said the satellites are designed to enhance intelligence gathering, surveillance, and connectivity across Nigeria and neighbouring countries, particularly in support of security operations.
“For 2A and 2B, we have started the process. We have closed the tender and are now back into the financing and implementation stage. 2A is built to come up in 2028, and 2B for 2029.
“When they are up and running, they are expected to provide security within the borders and neighbouring countries. They will support the security agencies because data collection and intelligence in real time is important. Satellites like communication satellites allow that, irrespective of where they are,” she said.
On his part, Tijani, said the satellite programme forms part of a broader government strategy to deepen digital infrastructure nationwide.
According to him, the initiative complements ongoing investments in fibre-optic expansion and telecommunications infrastructure, while extending connectivity beyond Nigeria’s borders.
“The President’s approval of NIGCOMSAT-2A and 2B demonstrates a clear commitment to building the future. These satellites will enhance security, connect remote communities, and extend our fibre-optic network into neighbouring countries.
“Some of these neighbouring countries pay up to ten times more for internet capacity than Lagos. Extending our fibre network will not only improve connectivity but also enhance border security and regional collaboration.
“Satellite technology affects everything, from how a child in a rural community accesses the internet to how farmers make critical decisions and how businesses operate across distance,” he said.
General News
FG Launches CLHEEAN to Streamline Access to Government Services

Federal government has announced the launch of CLHEEAN, an artificial intelligence-powered mobile application designed to improve interactions between citizens and public institutions.

It is also a civic education and community engagement app.
Developed under the National Orientation Agency (NOA), the platform functions as a virtual assistant accessible via mobile devices.
It allows users to access information on public policies, ask questions, and interact directly with government services.
The app includes features such as instant messaging, voice recognition, and multilingual support, including several local languages, to reach a wider audience.
With CLHEEAN, users can also submit feedback, report concerns, and take part in discussions on public policies. The approach is intended to strengthen citizen participation and improve communication between the government and the public.
Lanre Issa-Onilu, director general of the NOA, said the initiative addresses a long-standing gap between citizens seeking to be heard and systems that do not always respond effectively, adding that the platform marks a step toward closing that gap.
The launch comes as Nigeria continues to face challenges in citizen engagement and the dissemination of public information.
By leveraging artificial intelligence, authorities aim to make public services more accessible while improving transparency and responsiveness.
The initiative also reflects a broader trend across Africa, where governments are increasingly exploring the use of AI to modernize public services and strengthen ties with citizens.
E-Financial2 days agoCBN bars large‑ticket loan defaulters from banking services in tough new crackdown
General News2 days agoARN Rejects Medical Bill over Attempt to ‘Scrap’ Profession
Telecom2 days agoNIGCOMSAT Supports Startups Growth with the Launch of Accelerator 3.0
News2 days agoMeningitis Kills a Quarter Million People a Year -Study
Telecom2 days agoFG Unveils Digital Economy Research Fund Scheme
News2 days agoStakeholder says AI is Crucial to Nigerian Data Centres Amid Persistent Grid Collapse
- General News2 days ago
Nigeria Advances Digital Governance as NITDA takes over NGEA Portal
General News2 days agoZarttech Reflects on Its Role in Changing Global Perceptions of Africa



















