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NSIA, IFC To Stake $500m Into Renewable Energy Development In Nigeria

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Nigerian Sovereign Investment Authority (NSIA) in partnership with the International Finance Corporation ( IFC) World Bank’s investment outlet is committing $500 million to renewable energy projects in Nigeria.

NSIA’s intervention in renewable energy is being carried out via its latest outlet – Renewables Investment Platform for Limitless Energy (RIPLE). Under RIPLE, the Authority in conjunction with IFC would be undertaking a pilot initiative located within the Tokarawa Industrial Hub in Kano State

It involves setting up a generation and distribution system to meet 70MW of unsuppressed energy demands of industrial activities, commercial enterprises, and residential customers in an area covering about 9,000 connections.

The project will be extended to other parts of the country in the course of time.

NSIA and IFC signed a formal agreement on renewable energy over the weekend in Abuja. The agreement entails NSIA committing $25 million as a seed investment to the project.

Speaking to reporters at the event sidelines, Managing Director/ Chief Executive Officer of NSIA, Mr Aminu Umar – Sadiq described the moment watershed.

“I think this is a watershed moment for the renewable energy space in Nigeria. We are hoping that this fund we are targeting, about $500 million will focus on renewable energy space in general. The strategy is in three folds.

“The first is around diesel displacement, the second is around franchising in general, and then the third is around the backward integration towards PV manufacturing in Nigeria ”

“Naturally, we start with a proof of consent project with baby steps. However, as always the ambition of the NSIA and the IFC as it relates to this fund, is to scale up; to be able to go large.

“We are hopeful that in the course of time, we’ll begin to feel the impact of projects that we are co-developing as well as co-executing for the benefits of Nigeria and Nigerians”, explained NSIA MD.

Speaking about funds commitment, he said $25 million was pledged by the NSIA as committed capital. The IFC, he added was also co-developing transactions up north by a franchise project of 70 megawatts in Kano state. He estimated the project should be delivered within a space of three to four years.

” There are a number of important considerations within your control and there are also a number out of your control. Typically in executing a large-scale infrastructure project, you are talking about three to four years. We are hopeful we should be able to implement a couple of our initial projects within that time.

“Upon the conclusion, by the time we’ve basically gone very far in implementing our first couple of projects, and we have a proof of consent in terms of the portfolio of projects that we can show external investors, then we’ll embark upon that we looking at about two to two and a half years”, he said.

Sadiq was confident Nigeria will overcome her power challenge.

” We are investors but by the grace of God that is the ambition- to be able to meet our power deficit through the generation of sustainable, renewable energy in Nigeria”.

Speaking in an interview, Mr Dan Craft, IFC Regional Manager ( Africa)  underscored IFC’s interest on the renewable energy project in Nigeria.

“We are pretty much interested in everything you heard in that speech- access, efficiency, security, all on a climate-friendly basis. Our interest in the project is, working with credible partners who are committed to the long term to develop a project on a fully sustainable basis, delivering the most cost-effective power, as clean as possible. It’s all good. This is our interest in the project. We would love to find more partners like NSIA, but they don’t grow on trees”.

” At this early stage, what we’re working on is, development capital to seed the platform. But whenever we do this, it’s with a longer-term investment horizon. We’re not interested in just the upfront seed.

“In fact, if there is no long-term horizon, then we don’t do the first bit either. So what we’re looking at, is enough on a percentage share basis to get the thing moving. And then as more projects enter, the funding will follow.

Essentially, we don’t really have an upper limit for what we would like to finance in this space. Our problem is finding the opportunities to do so, which is why we’re so excited about this”, said IFC Regional Manager.

He said investment in renewable energy isn’t a new terrain as according to him, “We have done a number of renewable energy investments in solar and wind and hydro and transmission and distribution”.

“Like I said when I was speaking, it’s about finding the right way into the market. Bringing any of those solutions off the shelf doesn’t tend to work. This is the first step.

And as far as I know, certainly on the African continent, this is the first one of these we’ve done in terms of a platform”, he said.

 


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US Begins Partial Visa Ban on Nigerians January 1

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The United States will begin a partial suspension of visa issuance to Nigerians from January 1, 2026, following a new presidential proclamation aimed at strengthening border and national security.

US Begins Partial Visa Ban on Nigerians January 1

The US Mission in Nigeria announced on Monday that the restriction will take effect at 12:01 a.m. Eastern Standard Time in accordance with Presidential Proclamation 10998, titled ‘Restricting and Limiting the Entry of Foreign Nationals to Protect the Security of the United States.’

According to the mission, Nigeria is one of 19 countries affected by the measure.

Others listed are Angola, Antigua and Barbuda, Benin, Burundi, Cote d’Ivoire, Cuba, Dominica, Gabon, The Gambia, Malawi, Mauritania, Senegal, Tanzania, Togo, Tonga, Venezuela, Zambia and Zimbabwe.

The proclamation provides for a partial suspension of visa issuance covering nonimmigrant B-1/B-2 visitor visas, as well as F, M and J student and exchange visitor visas.

It also applies to immigrant visas, though with limited exceptions.

The statement read in part, “Effective January 1, 2026, at 12:01 a.m. EST, in line with Presidential Proclamation 10998 on “Restricting and Limiting the Entry of Foreign Nationals to Protect the Security of the United States,” the Department of State  is partially suspending visa issuance to nationals of 19 countries – Angola, Antigua and Barbuda, Benin, Burundi, Cote D’Ivoire, Cuba, Dominica, Gabon, The Gambia, Malawi, Mauritania, Nigeria, Senegal, Tanzania, Togo, Tonga, Venezuela, Zambia, and Zimbabwe – for nonimmigrant B-1/B-2 visitor visas and F, M, J student and exchange visitor visas, and all immigrant visas with limited exceptions.”

US officials clarified that the policy does not apply to all travellers. Exemptions include immigrant visas for ethnic and religious minorities facing persecution in Iran, dual nationals applying with passports from countries not affected by the suspension, and Special Immigrant Visas for eligible US government employees.

Other exempted categories include lawful permanent residents of the United States and participants in certain major international sporting events.

The US government emphasised that the proclamation applies only to foreign nationals who are outside the United States on the effective date and who do not hold a valid US visa as of January 1, 2026.

“Foreign nationals, even those outside the United States, who hold valid visas as of the effective date are not subject to Presidential Proclamation 10998. No visas issued before January 1, 2026, at 12:01 a.m. EST, have been or will be revoked pursuant to the Proclamation,” the statement added.

Visa applicants from affected countries may continue to submit applications and attend interviews. However, the US Mission noted that such applicants “may be ineligible for visa issuance or admission to the US” under the new rules.

The announcement comes amid a series of recent US policy decisions that have raised concerns among Nigerians seeking to travel, study or migrate to the country.

In October, the United States added Nigeria back to its list of countries accused of violating religious freedom, citing persistent insecurity and attacks on Christian communities. This was followed by Nigeria’s inclusion on a revised US travel ban list that imposed partial entry restrictions on Nigerians.

The US has also tightened immigration and visa policies affecting Nigerians. Earlier this year, the validity of most non-immigrant visas issued to Nigerians was reduced to single-entry visas with a three-month duration.

 


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DPLAN Threatens NDPC with Legal Action for Setting aside $32.8m Meta Fine

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Data Privacy Lawyers Association of Nigeria (DPLAN), a professional body dedicated to fostering the growth and advancement of privacy and data protection, has issued a formal pre-action notice to the Nigeria Data Protection Commission (NDPC), threatening to initiate legal proceedings over what it described as an unlawful consent judgment that set aside a $32.8 million remedial fine imposed on Meta Platforms, Inc.
DPLAN Threatens NDPC with Legal Action for Setting aside $32.8m Meta Fine
In a letter dated December 15, 2025, and addressed to the National Commissioner of the NDPC, the association, made up of data protection and privacy law practitioners, gave the Commission a 30-day ultimatum to provide explanations or face litigation at the Federal High Court.

The pre-action notice was signed by Emmanuel Okpara, Esq., Litigation and Compliance Director, and Mus’ab Awwal Mu’az, Esq., secretary of the Association’s Steering Committee.

The dispute stemmed from a consent judgment delivered on November 3, 2025, by Justice J.K. Omotosho of the Federal High Court, Abuja, in Suit No: FHC/ABJ/CC/355/2025 between Meta Platforms, Inc. and the NDPC.

Following investigations conducted under the Nigeria Data Protection Act (NDPA), 2023, the NDPC had issued a Final Order against Meta Platforms, Inc., finding “widespread violations of the data protection and privacy rights of approximately 61 million Nigerians,” and imposing a remedial fine of USD 32,800,000.

The pre-action notice was signed by Emmanuel Okpara, Esq., Litigation and Compliance Director, and Mus’ab Awwal Mu’az, Esq., Secretary of the Association’s Steering Committee.

The dispute stemmed from a consent judgment delivered on November 3, 2025, by Justice J.K. Omotosho of the Federal High Court, Abuja, in Suit No: FHC/ABJ/CC/355/2025 between Meta Platforms, Inc. and the NDPC.

Following investigations conducted under the Nigeria Data Protection Act (NDPA), 2023, the NDPC had issued a Final Order against Meta Platforms, Inc., finding “widespread violations of the data protection and privacy rights of approximately 61 million Nigerians,” and imposing a remedial fine of USD 32,800,000.

The NDPC investigation stemmed from a petition filed at the commission on August 14, 2023, against Meta Platforms Inc. by the convener of Personal Data Protection Awareness Initiative, Ozoemena Nwogbo, regarding violation of the Nigeria Data Protection Act.

After its investigation, NDPC found Meta Platforms Inc. wanting and, on February 18, 2025, issued nine Final Orders against Meta Platforms Inc.

NDPC’s Order

The NDPC’s order nine reads, “Meta shall pay the naira equivalent of 32,800,000 USD (Thirty-two million, eight-hundred thousand United States Dollars) as a remedial fee. The naira equivalent shall be at the rate determined by the Central Bank of Nigeria.

“The details of the account for payment of the remedial fee are as follows: Account Name: Nigeria Data Protection Commission Fund Account. Account Number: 0020331265048 (300131267). Use RTGS for payment.”

The NDPC added, “Note that Meta has a right to seek a judicial review of this decision. The Commission will closely monitor Meta’s remediation process and its impact on data subjects for upwards of six months.”

However, the Final Order was subsequently set aside through Terms of Settlement, which were adopted by the court as a consent judgment on November 3, 2025, following a suit marked FHC/ABJ/CS/355/2025, filed by Meta Platforms Inc. against the NDPC.

Part of the Terms of Settlement entered between NDPC and Meta Platforms Inc. reads, “The applicant (Meta Platforms Inc.) and the respondent (NDPC) have come to a mutual settlement agreement that resolves the dispute underlying the applicant’s originating Summons.

“Pursuant to this agreement: (I) the applicant has agreed to provide specific remedial consideration to the respondent in support of protecting the rights of data subjects in Nigeria; and (II) the respondent has inter alia agreed to set aside and waive any rights to enforce or take steps to enforce the Final Orders against the applicant.”

The settlement terms specifically read, “In the light of the foregoing: The applicant wholly and completely terminates, abandons, withdraws, and discontinues the Originating Summons as well as any and all claims against the respondent connected to or arising from the matters or the subject matter thereof, except as the parties have otherwise agreed.

“The respondent: (I) sets aside the Final Orders against Meta; and (II) save and except as the parties have otherwise agreed, fully and firmly releases and discharges Meta from any and all claims, demands, actions, causes of action, contracts, obligations, suits, debts, costs, liabilities, which the respondent ever had, may now have, or May hereafter claim to have against Meta in respect of the matters.”

Association Alleges Illegality In Settlement

But the Data Privacy Lawyers Association contended that the consent judgment was entered into unlawfully, arguing that it was done without lawful statutory authority, in violation of the Nigeria Data Protection Act, 2023, and in derogation of the constitutional right to privacy guaranteed under Section 37 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended).

The Association further said the action was taken “to the grave prejudice of millions of affected Nigerians and the public interest, as well as the Federal Government of Nigeria.”

In the notice, the Association warned that unless the issues raised are urgently addressed within the statutory notice period, it would approach the Federal High Court to seek multiple reliefs.

These include an order setting aside, vacating, and nullifying the consent judgment on grounds of fraud, collusion, material non-disclosure, lack of statutory authority, and violation of the NDPA, 2023.

It is also seeking a declaration that the consent judgment is “null, void, unconstitutional, and of no legal effect,” as well as a declaration that the NDPC lacks statutory authority to waive, compro

Other reliefs sought include an order restoring and reviving the Final Order against Meta Platforms, including the $32.8 million fine, and an order restraining any further reliance on or enforcement of the consent judgment.

The Association also asked the court for other orders the Court may deem fit in the interest of justice, public accountability, and the protection of constitutional rights.

In the interest of transparency and accountability, the Association urged the NDPC to provide a written explanation of the legal basis for entering into the Terms of Settlement, clarify the statutory authority relied upon to waive the remedial fine and set aside the Final Order, and take steps to remedy the issues raised.

The letter, the Association said, constitutes the requisite pre-action notice under applicable law.

It warned that unless the concerns are satisfactorily addressed within 30 days of receipt of the notice, it will proceed to institute legal proceedings without further recourse.

mise, or extinguish liabilities, sanctions, or remedial fines arising from established violations of the Act.


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Glo Extends Christmas Greetings, Urges Unity and Care for Others

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As Christians in Nigeria and around the world mark the birth of Jesus Christ, Globacom has extended warm Christmas greetings, describing the season as one of goodwill and togetherness.

Reflecting on the significance of Christmas in a message released on Tuesday, the technology company said the period offers an opportunity for renewal, calling on Christians to uphold the values embodied by Jesus Christ, including love, humility and compassion for humanity.

Globacom noted that the circumstances of Christ’s birth continue to offer timeless guidance for society. “The noble yet humble birth of Jesus teaches virtues such as obedience to God, humility, love for mankind and a strong commitment to the common good. We encourage Christians to consciously practise these virtues as true followers of Christ,” the company stated.

Against the backdrop of today’s social and economic challenges, the company emphasized the shared responsibility of people of goodwill to care for others and to give generously, pointing to Christ’s acts of compassion, including his feeding of multitudes as recorded in the Bible.

Beyond the celebrations, Globacom urged Nigerians to sustain the true spirit of Christmas by consistently demonstrating love, promoting peace and fostering harmony—values that defined Christ’s life and teachings.

The company also wished its customers and Nigerians at large a joyful Christmas, while reaffirming its commitment to delivering reliable, high-quality services throughout the festive period and beyond, urging customers to take advantage of its wide range of innovative products and services to stay connected and share the joy of the season with loved ones.

 


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