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Business

AfDB approves a grant of $7m for renewable mini-grid industry in Africa

AfDB has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA) to support the renewable mini-grid industry.

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The sum of $7 million grant from the Sustainable Energy Fund for Africa (SEFA) has been approved by the Board of Directors of the African Development Bank (AfDB) for meeting the needs of the continent’s fast-evolving renewable mini-grid industry and promoting the Africa Mini-Grid Market Acceleration Programme (AMAP).

The Africa Mini-Grid Market Acceleration Programme (AMAP) is aimed at expanding the private mini-grid investments on the African continent and to include three core components, such as the implementation of a new and standardized framework for national-scale Mini-Grid Acceleration Programmes (MAPs) in four countries, the design and enhancement of financial de-risking solutions, and support for knowledge, innovation, and skills development activities, including the continuation of the Bank’s Green Mini-Grid Help Desk website.

READ: AfDB to fund climate change in Africa with $25billion by 2025 – Adesina

What they are saying

According to Dr. Kevin Kariuki, the Bank’s Vice President for Power, Energy, Climate and Green Growth,

  • “Mini-grids are an integral and increasingly important feature of the energy access solution, not just in terms of providing lights to households, but also in ensuring that underserved populations have access to productive uses of energy to power inclusive and green economic growth. AMAP underscores the African Development Bank’s commitment to strengthening Africa’s mini-grids industry, which we see as a key driver for accelerated energy access, climate resilience, and a green post COVID-19 recovery”

READ: FG to deliver 1 million vehicle conversion to autogas by end of 2021

In the words of Aaron Leopold, CEO of the Africa Minigrid Developers Association,

  • Mini-grids are a fundamental but under-supported element of Africa’s energy future. To achieve SDG 7 – the UN’s target for universal energy access, the sector must be radically scaled up and to do this, a holistic and broad spectrum support programme informed by industry needs is required to bring governments, investors, and of course the mini-grid sector the kind of support that can facilitate fast and efficient progress. For these reasons, AMDA is excited to see AfDB working to bring mini-grid investments in Africa to the next level.” 

READ: Germany, Sweden, others donate $90million towards sustainable energy fund for Africa – AfDB

What you should know

  • AMAP’s initial phase is expected to lead to 880,000 new electricity access connections providing modern energy access to over 4 million people and over 80 MW of renewable energy-based generation.
  • Over 7,200 full-time jobs would be created, out of which 1,800 are anticipated to be held by women.
  • There shall be reductions of over 6.5 million tonnes of carbon dioxide equivalent (tCO2eq) in lifetime greenhouse gas (GHG) emissions, and the facilitation of an estimated $650 million of public and private investments in mini-grids.

READ: Apple co-founder’s crypto gains over 1,300% within a few days after launch

 Why it matters

With Mini-grids, there can be facilitation of easier energy access for a wide spectrum of uses. They are expected to provide electricity to power households and institutions, such as schools, hospitals and local businesses, thereby enabling greater economic activities in the regions where they are deployed.

READ: Resources mobilisation critical to Africa’s recovery from Covid-19 – Adesina

Johnson is a risk management professional and banker with unbridled passion for research and writing. He graduated top of the class with B.sc Statistics from the University of Nigeria and an MBA degree with specialization in Finance from Ambrose Alli University Ekpoma, with fellowships from the Association of Enterprise Risk management Professionals(FERP) and Institute of Credit and Collections management of Nigeria (FICCM). He is currently pursuing his PhD in Risk management in one of the top-rated universities in the UK.

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Business

Sanwo-Olu says construction work on Fourth Mainland Bridge to start end of 2021

Governor Sanwo-Olu has disclosed that the foundation for the proposed 4th Mainland Bridge would be laid before the end of 2021.

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The Lagos State Governor, Mr Babajide Sanwo-Olu, has revealed that the foundation for the proposed Fourth Mainland Bridge would be laid before the end of the year 2021.

The execution of the bridge is geared towards improving the transport infrastructure and movement across the state.

According to a report from the News Agency of Nigeria (NAN), this disclosure was made by Sanwo-Olu during the 16th Executive/Legislative Parley, with the theme: ”A Consensus Agenda for Rebuilding Lagos”, organised by the Office of Civic Engagement.

He pointed out that the promise to construct the Fourth Mainland Bridge is not a political one.

What the Lagos State Governor is saying

Sanwo-Olu during the interactive session said, ”We did not politically promise Fourth Mainland Bridge but we are going to do Fourth Mainland Bridge.

”With your prayers and by the grace of Almighty God, we shall turn the sod and lay the foundation for the building and construction of that Fourth Mainland Bridge before the end of this year.

”We are on course and I am sure that the 37km ring road is on track, which will change the face of transportation and movement in Lagos,” the governor said.

The governor also disclosed that his administration was on course to complete the Blue Line and Red Line rail projects which were started several years back, saying the project will be completed and trains will move on the two rail lines before the end of his administration.

He said, ”It is a commitment that we have given to Lagosians and it is a commitment that we will see will come to fruition because we have finished the financial closure and we are excited about that project.’

Speaking at the event, the Special Adviser, Office Of Civic Engagement, Princess Aderemi Adebowale, said that the executive and legislature would discuss extensively the theme of the retreat, “A Consensus Agenda for Rebuilding Lagos”.

While saying that the discussion in the next 48 hours would help to fast track the rebuilding of the state, Adebowale said that they would delve deeply into issues such as Youth Leadership Role, Grassroots Development: a catalyst for growth, and Role of Social Media in Nation Building, among others.

What you should know

  • It can be recalled that the Lagos State Government has shortlisted 6 companies for the design, development, construction, operation, and maintenance of the Fourth Mainland Bridge.
  • This followed the government’s issuance of a Request for Qualification (RFQ) in February this year. The 6 companies were said to have completed the technical and financial capacity requirements.
  • Lagos State said it will announce the selection of the next stage in due course, even as the RFQ will be given to the pre-qualified bidders.
  • The Fourth Mainland Bridge is a 37.4km freeway subdivided into three sections namely Island Section, Lagoon Section and Mainland Section. It will commence from Abraham Adesanya Roundabout in Lekki through Ajah and Langbasa areas, crossing the Ado Badore Road before arriving at the Lagoon shoreline.

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Traffic violation: Lagos says LASTMA officials to carry body cameras in next few weeks

Within the next few weeks, LASTMA officials will start wearing body cameras to monitor traffic violations.

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LASTMA, Lagos State Traffic Management Authority, LASTMA court case, LASTMA fine

The Lagos State Government has said that officials of the Lagos State Traffic Management Authority (LASTMA) will start using smart body cameras within the next few weeks to monitor traffic violations.

This is coming after a viral video that has been in circulation, showed a man driving his Sports Utility Vehicle (SUV), driving against traffic along International Airport Road, hit a policeman with the car and he fell over the bridge when attempts were made to apprehend him.

This was disclosed by the General Manager of the LASTMA, Olajide Oduyoye, while answering questions on a Channels Television Programme monitored by Nairametrics, Sunrise Daily, on Friday, February 26, 2021.

The LASTMA general manager who pointed out that technology is the way to go, said that Governor, Babajide Sanwo-Olu, is on top of that and in 2020, approved the deployment of technology to improve our communication for the agency.

READ: Lagos says blue, red rail lines will be ready by December 2022

What the LASTMA General Manager is saying

Oduyoye, while answering questions during the interview said, ‘’I’m glad that you said that and of course technology is the way to go, our Governor, Babajide Sanwo-Olu is very much on top of that. He approved the deployment of technology for us to improve our communication last year 2020.

This year, we are definitely hoping in the next few weeks to start what you would say non-approachable offence dealings. That means we are going to be having body cameras on officers to capture incidences because things happen so fast and you don’t really have time to say okay let me get my camera and everything, but if you have your body camera on that is recording, then you can capture all sorts of different things that you can use against typical offenders.’’

While lamenting that chronic traffic violators do often remove traffic signs to deliberately disobey road laws, the LASTMA boss warned road users to obey traffic laws and not attempt to flee when caught.

What this means

  • The members of the general public have often called to question, the mode of operation of LASTMA, with calls for reforms which includes the deployment of technology in their operations.
  • This has often led to conflict between the officials of the agency and motorists some of who deny allegations against them and accuse LASTMA officials of extortion and being overzealous.
  • The LASTMA officials, who sometimes are at the receiving end, have had to deal with attacks on them by traffic violators, in the course of discharging their duties.
  • The deployment of technology especially the smart body cameras will go a long way to drastically reduce these conflicts and make the operations of LASTMA more credible.

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