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Government’s maiden N10.69b Green Bond to be listed on stock exchange in January

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Government’s maiden N10.69b Green Bond to be listed on stock exchange in January

Debt Management Office (DMO) on Friday, December 15, 2017 said Federal Government’s maiden N10.69 billion Green Bond, when concluded, would be listed on the Nigerian Stock Exchange (NSE).

Patience Oniha
Ms. Patience Oniha, DG, Debt Management Office

Bonds are debt instruments issued by government or a company which represents a fixed sum of money that is borrowed.

Green Bonds are debt instruments tied to environmental projects to address climate change.

Ms Patience Oniha, the DMO Director-General said at the Green Bond Investors Forum in Lagos for market participants and investing public that the issue would also be listed on FMDQ OTC Securities Exchange platform.

She said the listing would be in January at the completion of the first tranche of the bond, which would open for subscription on Dec. 18 by book building and close on Dec. 22.

Oniha said the Federal Ministry of Environment would introduce green bond to support the private sector which may also want to issue the product to support financial inclusion.

She explained that DMO was not only to borrow but also support the development of the market.

She added that the bond issuance benefits were huge, ranging from poverty alleviation, jobs creation, economic and environmental benefits.

The DMO boss said green bond could also be issued by corporate organisations , aside
government.

She expressed optimisim that government would raise over N10.67 billion from the issue, noting that road shows were ongoing to sensitise investors.

She explained that the issuance of the Green Bond followed Federal Government’s endorsement of the Paris Agreement on Climate Change on Sept. 21, 2016.

Proceeds from the Green Bond, she said, would be used to finance projects in this
year’s budget that had been certified as green because of their positive effects on the environment.

Projects to be financed with the proceeds included renewable energy, micro utilities and afforestation programmes of government.

Hajiya Halima Bwari, the Deputy Director, Department of Climate Change, said
the bond became necessary to tackle climate change experienced in Nigeria and the world.

Bwari said that climate change could become a big issue if left unchecked because of its effect on the environment and social wellbeing.

She said that the country’s target was to reduce emission by 20 per cent by 2030.

Mr Muhammad Mamman-Daura of Chapel Hill Denham Advisory Ltd., said Nigeria’s N10.69 billion debut sovereign green bonds due for issuance on Dec. 18, would be priced in reference to Federal Government bonds of similar tenor.

Mamman-Daura said that the bond, the first in Nigeria and West Africa, second in emerging markets and fourth in the world, was a five-year tenored instrument being issued to raise funds for specific green projects across the country.

He said listing the bond on NSE and FMDQ would boost its liquidity and investor confidence.

He added that the proceed would be used to provide green electricity to communities that had been in darkness, energise education and support government afforestation initiative.

By Chinyere Joel-Nwokeoma

Electronic building plan process still cumbersome, says planner

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Electronic building plan process still cumbersome, says planner

President of the Association of Town Planning Consultants of Nigeria (ATOPCON), Mr Olaide Afolabi, on Friday, December 15, 2017 called for an improvement on the electronic method of processing building plan approvals in Lagos State.

Olaide Afolabi
President of the Association of Town Planning Consultants of Nigeria (ATOPCON), Mr Olaide Afolabi

Afolabi told the News Agency of Nigeria (NAN) in Lagos that the electronic approach has yet make an appreciable impact on the process.

He said that the electronic pattern was supposed to make the process less cumbersome and faster, but building plan approvals  seemed to be more rigorous when processed electronically in the state.

“Normally, it is not supposed to exceed three working days for an applicant to obtain building plan approvals, especially when it is being processed online.

“But the process still consumes the same quantity of money and time. Sometimes, the manual method even seems to be preferable,’’ he said.

Afolabi called on the relevant authorities to do the needful by taking the necessary steps to make the process efficient and reliable.

The association president said there was also a need for more public awareness on the electronic method, to encourage people to embrace the approach.

Afolabi suggested a review of the requirements for obtaining the building plan approvals, saying that documents like Certificate of Ownership (C-of-O) could be excluded.

According to him, it is usually stated explicitly on the certificate that the approved building plan document does not guarantee ownership of the land.

“This implies that the title document has no input in the building plan approval process.

“Exclusion of the C-of-O from the requirements will help to fasten the process, considering the delays encountered in the process of getting the C-of-O,” he said.

By Lilian Chukwu

Nigeria had second largest HIV epidemic in 2016 – Report

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Nigeria had second largest HIV epidemic in 2016 – Report

Nigeria had the second largest HIV epidemic in 2016, with over 196,000 adolescents representing 10 per cent of the global burden said to be living with HIV/AIDS, according to a World Health Report.

HIV-AIDS
HIV-AIDS

The report was given by Mrs Esther Samuel, The Chief Matron, Lagos State Ministry of Health, at a programme by a non-governmental organisation (NGO), Lisa Demi Project, in Lagos.

The News Agency of Nigeria (NAN) reports that Lisa Demi Project, initiated in the U.K., seeks address the sexual health issues through Talks, Counselling and Entertainment among others.

The programme, held at the Teslim Balogun Stadium Surulere, Lagos on Thursday, and title “ Let’s Talk about Our Sexual Health’’, is targeted at teenagers between the ages 14 to 24.

Speaking on the dangers of unrestrained sexual activities among the youths, Samuel said the statistics from the health sector remained a concern.

“Nigeria has the second largest HIV epidemic. About 3.2 million people Nigerians were living with HIV in 2016.

“In Nigeria, over 196,000 adolescents, representing 10 percent of the global burden, are said to be living with HIV/AIDS.

“Also. 230,000 babies were born by girls aged 15 to 19 in 2015. This is a frightening report. However, 1 million STIs are acquired every day,’’ she said.

Relaying the statistics further, Samuel said that the world was groaning under the heavy burden of sexually transmitted diseases.

“Each year, there are estimated 357 million new infections, while globally more than 2 million 10 to 19-year-olds are living with HIV.

“About one in seven of all new HIV infections occur during adolescence. In the U.S., 21 per cent of the adolescents had drunk alcohol or used drugs before last sexual intercourse.

“About 85 per cent of these youths live in developing countries, while we also have 32 per cent of Nigerian population as youths which half (48.6 per cent) of adolescents aged 15 to 19 are sexually active.

“About one in five of sexually active females and one in 12 sexually active males had already engaged in sexual intercourse by the age of 15,’’ she said.

Samuel said that the alarming statistics should call for urgent action so as not to lose the bulk of the productive population to untreatable diseases such as STDs and STIs.

“These are real figures which should bring something to our mind and it is no other thing than fear, and a call to action, especially among our youths.

“Our youths must be cautioned to refrain and advise. They all need to be guided not to waste their lives on what is worth waiting for.

“The youths should start to avoid something they call a little thing that does not matter but are sexual behaviours such as kissing, keeping secret friendships and others.

“We should focus on health education and STI prevention through school seminars, clubs, social media, parents, peer groups and proper counseling when STDs are detected early,’’ she said.

NAN reports that the event has in attendance over 1,000 students drawn from schools in Lagos.

By Olanrewaju Akojede

Why stroke cases are increasing, by physiotherapist

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A consultant physiotherapist, Dr Chris Okafor, says the incidence of stroke has increased in the country due to the dwindling economy and the state of healthcare delivery.

Isaac-Adewole
Minister of Health, Professor Isaac Adewole. He will chair the National Council on Health

Okafor, who is a senior lecturer at the Department of Physiotherapy, University of Lagos, Akoka, spoke in an interview with the News Agency of Nigeria (NAN) on Friday in Lagos.

The lecturer said that lack of awareness was also a contributory factor to the high incidence of stroke in the country.

According to the World Health Organisation (WHO), stroke accounts for 10.8 per cent mortality and 3.1 per cent of disease burden worldwide.

It has also been projected that by the year 2030, about 80 per cent of all stroke cases will occur in low and middle income countries of the world.

“A lot of people, both young and old, now come down with stroke due to poverty, lack of quality healthcare and awareness.

“We are not creating enough awareness for people to know that hypertension and diabetes, causes of stroke, are killer diseases,“ Okafor said.

He also identified poor environment, industrialisation, poor habits and attitudes as factors contributing to a lot of people not exercising regularly.

“Our environment does not encourage people to cultivate the habit of exercising.

“As a physiotherapist, when I see the elderly during clinics, I always advise them to be physically active and engage in daily walks.

“However, when you look at the environment, it does not encourage exercise, and so a lot of the elderly in the society are discouraged to walk.

“Also, habit is a challenge; many people are unable to practise, because we are in a society where, over the years, people have become lazy.

“Due to industrialisation and urbanisation, it is now difficult for people to exercise, and rather depend on buses and taxis to take them to different locations,‘’ he said.
The consultant urged the elderly in the society to maintain avoid sedentary lifestyle and high salt and sugar intake.

He appealed to stakeholders, including the government and healthcare practitioners, to continue to sensitise people to cultivate the attitude of being active.

“Exercise and being active is key to improved health; adequate sleep of eight to 10 hours daily is also advisable for the elderly people.
“Also, they should check their blood pressures and blood sugar regularly to prevent hypertension and diabetes.
“If they have problems, they should see a doctor who will refer them appropriately, “ Okafor said.

By Esenvosa Izah

FADAMA: World Bank urges states to pay counterpart funds

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The World Bank has called on states benefitting from the FADAMA programme to pay their own counterpart funds to enable them to benefit maximally from the programme.

Dr Adetunji Oredipe, World Bank Task Team Leader for the FADAMA III Programme,

Dr Adetunji Oredipe, World Bank Task Team Leader for the FADAMA III Programme, made the called on Friday, December 15, 2017 in Abuja during the concluding meeting of the FADAMA supervision mission.

He said that World Bank, through the FADAMA programme, would not like to work with states that were not meeting their obligations to complement its efforts toward the success of the programme.

“The request is enormous and the needs at the community level are huge; the resources we have at the project level are limited.

“It is just a reasonable decision to work with the states that have paid their counterpart funds.

“We want to use this opportunity to thank those states that paid their counterpart funds to ensure that their farmers benefit fully from the project,’’ he said.

The team leader rated the performance of the FADAMA III project across the states as 70 per cent, judging from the number of states that had fulfilled their obligations.

“We are sending the clear message, which means that we may not be able to continue doing anything with those states that are not meeting their own counterpart fund obligations.

“Counterpart funds are the funds required to complement some of the things we do at the state level,’’ he said.

Oredipe noted that the FADAMA III programme was initially designed to end in December 2017, adding that the conclusion of the programme had been shifted to December 2019.

He said that the extension of the programme was particularly designed to enable the north-eastern part of the country, which was hitherto plagued by the Boko Haram insurgency, to benefit from it, while restoring the livelihoods of the people.

“We are leveraging on that and we have a two-year grace to complete what we have started.

“Our emphasis now is on how to complete all the projects we have started because by December 2019, we will not want to see any uncompleted project under this programme,’’ he said.

Also speaking, Mr Tayo Adewumi, National Programme Coordinator of FADAMA, said that the programme was able to attain 70-per-cent achievement because some states paid their counterpart funds for the project.

“The counterpart fund at the state level is like matching grant because there are some activities in the state level like monitoring, payment of staff allowance, among others, that need to be funded.

“The World Bank fund is already hooked down to support farmers, based on their capacities in the four value chains of rice, cassava, sorghum and horticulture,’’ he said.

Adewumi said that the states had over-sensitised the farmers to the sustainability of the programme, and based on the available funds, the project had only 30 per cent of the funds remaining for disbursement.

“We need to prioritise our activities; so the state counterpart funds were used to fund those activities we could not fund and used to sustain the project thereafter.

“Even at this mission, we have been able to support up to 200,000 farmers across the states in the four value chains we are operating in.

“We have a platform that is supporting the farmers directly using the World Bank funds.

“The only group of farmers that would not benefit are those who are supposed to pay beneficiary contributions, either in cash or kind,’’ he said.

By Kudirat Musa

Government invests N180b on science, technology, innovation

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Government invests N180b on science, technology, innovation

Minister of Science and Technology, Dr Ogbonnaya Onu, has said that the Federal Government is committed to investing N180 billion to ensure successful implementation of the National Science, Technology and Innovation Roadmap (NSTIR) 2030.

Dr-Ogbonnaya-Onu
Dr. Ogbonnaya Onu, Minister of Science and Technology

Onu said this at the ongoing 15th meeting of the National Council on Science and Technology in Benin City, Edo State.

He said the amount, which will be disbursed over a period of three budget years, would be in the short term basis of the roadmap.

Onu said the ministry was keen on implementing the roadmap, in collaboration with wide variety of stakeholders, including public and private research development centres.

He expressed optimism that the implementation of the planned NSTIR 2030 programmes and increased investment in Science, Technology and Innovation (STI) would help actualise Nigeria’s dream to join the top 20 of technologically advanced countries in the world.

Onu noted that though the country was yet to reach its full potentials in the deployment of STI deliverables into projects and programmes due to some identified challenges, it had been able to attain some mileage within the past few years.

He also said that the Economic Recovery and Growth Plan (ERGP) 2017 to 2020 recently launched by the present administration, focused on macroeconomic policy improvement, economic diversification, competitiveness, improvement, social inclusion and job creation.

The Minister said that the ERGP targeted that the Nigerian economy would recover strongly with a GDP growth of seven per cent, driven by non oil sector growth of 7.2 per cent by 2020.

This, he said, would also help in the steady expansion of the agriculture, manufacturing and services sectors, adding that approximately 15 million net jobs would be created with poverty reduction from 61 per cent to 50-55 per cent by 2020.

Onu said the ministry was committed to playing its required role in ensuring that the ERGP strategies were STI driven and successfully implemented.

He said that the theme of the meeting “Nigerian Economy Driven by Science and Innovation”, was apt and captured the new direction the country had resolved to follow, in the quest to revive and strengthen the economy.

Onu explained that it was aimed at “helping to strengthen and diversify the economy in a sustainable manner by encouraging the harnessing and application of STI apparatus in the Nation’s development process’’.

By Deborah Coker

Nigeria initiates policy on blue economy

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Nigeria initiates policy on blue economy

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, said the Minister of Transportation, Mr Rotimi Amaechi, has initiated plans to create a National Policy on Blue Economy.

ocean
tThe National Policy on Blue Economy will address issues bordering on aquatics, marine space and all aspects of the nation’s economy as it affects the seas and oceans

Peterside said this in Lagos on Thursday, December 14, 2017 during an enlightenment workshop organised for directors of Nigerian Shippers’ Council (NSC).

According to him, the National Policy on Blue Economy would address issues bordering on aquatics, marine space and all aspects of the nation’s economy as it affects the seas and oceans.

Peterside said that Africa remained underdeveloped in spite of the numerous geographical advantages as well as other natural resources in the region.

He said that the continent’s inability to unlock the inherent potential in the seas and oceans stifled its economic growth over the years.

Peterside said: “There is a relationship between the seas and oceans and wealth creation.

“The problem with Africa is that it still relies on natural resources to a large extent but the top 10 countries in terms of rapid economic growth are actively involved in the blue economy,” the director-general said.

The NIMASA boss said that Africa’s wrong impression about piracy was responsible for the continent’s absence on the list of top shipping nations in the world.

Peterside also noted that climate vulnerability, poor infrastructure, terrorism and legislative vacuum were the challenges militating against development of Africa’s blue economy.

The News Agency of Nigeria (NAN) reports that the Blue Economy covers both aquatic and marine spaces including oceans, sea, coasts, lakes, rivers and underground waters.

Peterside said that there is need to create an institutional framework or structure for coordinating the inter-ministerial commission for seabed resources to achieve the potentials of Blue Economy

The NIMASA boss urged Nigerians to exploit opportunities within the Blue Economy.

He said that there should be commitment by African nations toward providing investments to support and improve governance.

“There is need for cooperation between African countries to effectively deal with threats.

” For the Blue Economy to flourish, we need to achieve and maintain peace and security, which are paramount as well as technological innovations to shape the blue economy.

“Protection, conservation, preservation and sustainable use of aquatic biodiversity must be at the center stage

“Harmonised development of the various sectors of the Blue Economy must be prioritised in order to solve existing and potential conflicts within and between sector,” Peterside said.

According to him, 70 per cent of the Earth is covered by water because water is the starting point of life.

He further explained that half of the world’s population lived within 60km of the sea and 75 per cent of all large cities were located along the coast.

The NIMASA boss said that 38 of 54 African nations were coastal and Inland states, while 90 per cent of Africa’s imports and exports were conducted by sea.

He said there were 63 trans-boundary river basins covering 64 per cent of the continent’s land area, providing home to 77 per cent of the region’s population.

The Executive Secretary of Nigerian Shippers’ Council (NSC), Mr Hassan Bello in his address said that NIMASA was critical to several germane regulatory issues such as setting the benchmark for freight rates and implementation of Advanced Cargo Tracking Notes,, among other issues.

Bello said; “We are delighted to host the director l-general of NIMASA.

“I am pleased because NIMASA is a worthy partner in our quest to realise an efficient Nigerian economy.

“The current director- general of NIMASA has turned the agency from what it is used to be to the apex of shipping in Nigeria and we must commend him for that,” he said.

“On the blue economy, Bello said that it was pertinent and instructive to note that shipping was making direct impact on the nation’s economy.

He also called for more collaboration between the Council and NIMASA on the Advanced Cargo Tracking Note l, which the Council is set to implement.

“We have so many issues we would like to work with NIMASA on. We have the issue of the collaboration with them on the modern cargo tracking processes which we want to implement and NIMASA is key to the successful implementation.

“We also have the issue of shipping companies providing holding bays for containers in Apapa which we also want to work with NIMASA,” the executive secretary said.

By Aisha Cole

Government to issue N10.6b green bonds to finance renewable energy projects

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Government to issue N10.6b green bonds to finance renewable energy projects

The Director-General, Debt Management Office (DMO), Ms. Patience Oniha, says the Federal Government is planning to issue N10.6 billion green bonds to finance renewable energy projects to protect the environment.

Nigeria Green Bond
Officials of the Debt Management Office (DMO) as well as Federal Ministries of Environment and Finance at the Nigeria Green Bond Investors Forum in Abuja on Thursday, December 14, 2017

Oniha said this in Abuja on Thursday, December 14, 2017 at the Nigeria Green Bond Investors Forum, organised by the Federal Ministries of Environment and Finance, in collaboration with Green Bond Advisory Group.

She said that the forum was to educate prospective investors in the Green Bond programme to know the benefits of investing in green bond projects.

The director-general said the Federal Government acted to borrow the N10.6 billion, in line with its borrowing agenda contained in the 2017 budget.

According to her, more funds will be allocated to finance green bond projects in the subsequent budgets.

Oniha said that the bonds would be used to finance three renewable energy projects, which were Renewable Energy Micro-Utilities Programme, Re-energising Education Programme and Afforestation Programme.

Also speaking, Alhaja Halimat Bwari, the Deputy Director, Department of Climate Change, Federal Ministry of Environment, said that N142 billion would be required to finance renewable energy projects in the country.

Bwari said that the ministry decided to issue the Green Bond as alternative source of funding because of the huge capital outlay required to finance the nation’s renewable energy projects.

She noted that the bond would boost the nation’s economy and protect the environment. Besides, Bwari said that the ministry had inaugurated five low-carbon growth projects.

She listed the projects as the Rural Energy Access, the Great Green Wall Programme, the National Clean Stoves Scheme, the Clean Energy Transportation Scheme and the Nigerian Erosion and Watershed Management Project.

She said that the projects would go a long way to reduce carbon emissions in Nigeria, while facilitating the country’s efforts to meet its commitments in the Paris Agreement on Climate Change.

News Agency of Nigeria (NAN) reports that stakeholders that participated in the forum include Pension Funds Administrators (PFAs), Federal Ministry of Finance, Inter-ministerial Committee on Climate Change and Nigerian Stock Exchange (NSE).

Others are DMO, Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), the World Bank and Chapel Hill Denham as well as representatives of private sector organisations.

By Deji Abdulwahab

Why we involved pupils in tree planting campaigns, by NCF

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Why we involved pupils in tree planting campaigns, by NCF

The Nigerian Conservation Foundation (NCF) has explained the reason behind its involvement of school children in its tree planting campaigns.

NCF
L-R: Mr. Adeniyi Karunwi, NCF DG; Chief Ede Dafinone, Chairman NEC; Philip Asiodu, President BoT; and Mrs. Yetunde Emanuel, BoT member, during the 28th NCF AGM at Lekki Conservation Centre, Lagos on Wednesday, December 13, 2017

Ede Dafinone, Chairman, National Executive Council (NEC) of NCF, during the 28th Annual General Meeting (AGM) of NCF held at the Lekki Conservation Centre (LCC) on Wednesday, December 13, 2017 said: “We chose to involve school children in the tree planting exercises across the three states to inculcate in them, as leaders of tomorrow, a sense of care for the environment.”

As a further demonstration of NCF’s commitment to enhance Nigeria’s forest cover, the foundation, according to Dafinone, partnered with First Bank to carry out tree planting exercises in select schools in Lagos, Ogun and Edo states.

“This was part of the foundation’s efforts at stimulating and promoting local actions in response to the global call by the Food and Agriculture Organisation (FAO) that each country should strive to have 25 per cent of its total land area under forest cover.”

In his speech, the chairman also enumerated some of NCF’s projects.

According to him, NCF implemented a project in select communities of Boki Local Government Area, Cross River State, on Saving Biodiversity and Building Farmers’ Resilience on Climate Change Impacts Through Intensive Agriculture and Sustainable Livelihoods.

This was made possible by a grant provided by the Global Environment Facility/Small Grants Programme (GEF-SGP).

NCF, as the technical partner to the Nigeria LNG (NLNG) Limited on the management of the Finima Nature Park, Bonny Island, Rivers State, he said, conducted carbon stock assessment to determine the volume of carbon the forest is helping to sequester to promote NLNG’s carbon footprints reduction.

On how the foundation recorded success in those projects, he said: “We interacted with policy makers at all levels to influence enabling policies to govern sustainable management of Nigeria’s environmental resources. We organised outdoor programmes to raise the level of awareness on the state of Nigeria’s environment in collaboration with relevant organs of the government.

“As a membership-based organisation, we engaged our esteemed members by sharing reports and information on our activities and interventions as well as through regular involvement in our key programmes.”

Director-general of NCF, Adeniyi Karunwi, in his report, said the foundation collaborated more with the Federal Ministry of Environment and the National Park Service on environment issues.

“The foundation also strengthened its collaboration with partners and sponsors, translating to institutional strengthening,” he said, disclosing that the foundation’s membership figure marginally rose by over 15 per cent with more corporate organisations to drive programmes.

“The membership unit established the online registration platforms and made use of social media platforms to reach out to the public.

“A lot more still needs to be done to attract more members to register with NCF, with particular emphasis on children and youth population.”

Dafinone added: “We are convinced of the need to do more for nature, for our people and for Nigeria.

“But we equally realise that we cannot do it alone. I therefore seize this opportunity to call for your continued support and I assure you that we are determined not to rest on our accomplishments as we collectively address the environmental challenges that confront us and our nation.”

Shell rewards energy entrepreneurs at Accelerator event

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Shell rewards energy entrepreneurs at Accelerator event

A Shell  Nigeria LiveWIRE, Ngozi Deborah Atalor, entrepreneur has emerged winner of the pitching competition for young Nigerian entrepreneurs in alternative energy business as part of the #makethefuture Accelerator event held in Port Harcourt, River State, taking home N1 million prize money to boost her business.

Shell Accelerator
General Manager External Relations of Shell Petroleum Development Company, Mr. Igo Weli, presenting the prize for the best pitch to Mrs. Ngozi Atolor at the Shell LiveWIRE #makethefuture Accelerator event in Port Harcourt, River State

This is coming barely a month after she won a $5,000 merit category prize in the Shell LiveWIRE top 10 innovators competition, a global contest open to beneficiaries of Shell LiveWIRE, and aimed at rewarding shining cases of innovation in businesses supported by the programme.

Judges at the event assessed Atalor’s presentation on how to light up all homes in Nigeria as the most convincing and realisable, to place the young Managing Director of De-Rahbs Energy Services, a firm that specialises in solar panel construction, installation and maintenance ahead of the first and second runners-up, Prince Ledee Basi and Ibiere Gilbert David respectively. The two runners up received N500,000 each for their efforts.

All three of them are startups from the LiveWIRE entrepreneurial programme for Niger Delta youths. They all set up businesses that deliver energy solutions to customers in the Niger Delta and beyond. While Basi’s Basiled Energy Ventures offers renewable energy, safety wears, and sensitisation services on the use of solar products, David’s Ibdav Resources firm provides bio-fuel clean cook stoves.

In addition to the cash prizes, the three entrepreneurs will also receive coaching support from Co-creation Hub, a leading innovation hub in Nigeria.

“There is energy transition as we speak and things are changing towards cleaner energy. Nigeria should be part of those solutions that would sustain the globe going forward. What we have done with the #makethefuture campaign Accelerator event here in Port Harcourt is to provide the platform for young Nigerian energy entrepreneurs to share their ideas on how they can be part of providing power solutions,” said Igo Weli, the General Manager External Relations of the Shell Petroleum Development Company (SPDC).

He said that the event was remarkable as the first initiative of its kind in energy solution initiative in Nigeria, with the fusion of strengths of telling Shell’s energy story and the flagship entrepreneurial programme,  LiveWIRE, which has produced 6,580 Niger Delta entrepreneurs since 2003.

Chief Executive Officer All-on Partnership for Energy Access, a firm supporting and investing in energy solutions providers, Dr. Wiebe Boer, and other alternative energy experts led discussion sessions with the young entrepreneurs.

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