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JUST IN: Osinbajo Bags Global Appointment

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Nigeria’s immediate past Vice President, Prof Yemi Osinbajo, has been appointed Global Advisor by the Global Energy Alliance for People and Planet (GEAPP).

 

The appointment which takes immediate effect would see him assist GEAPP’s mission of accelerating clean energy deployment in developing countries.

 

These were detailed in a statement on the company’s website on Tuesday.

 

According to the statement, “Osinbajo will support GEAPP’s partnership with governments to enhance the enabling environment and delivery effectiveness to unlock faster and greater capital flows into the clean energy sector.

 

“He will also continue his activity as a leading advocate for Just Energy Transitions in Africa including scaling up Africa’s share of the global carbon market via the Africa Carbon Markets Initiative (ACMI).

 

“In May, Prof. Osinbajo was also confirmed as lead for the Commonwealth general election observers in Sierra Leone.

 

“This appointment underlines GEAPP’s commitment to partnering with governments and communities across Africa, Asia, Latin America, and the Caribbean to transition to clean energy systems that are driving economic growth, generating jobs and sustainable livelihoods, and helping to meet urgent climate goals during the next decade.”

 

In reaction, Prof Osinbajo said, “I am honoured by the opportunity to join this movement for green energy access. GEAPP’s collaborative model, sense of urgency, and focus on unlocking systemic change is well aligned with the ambitions of emerging economies as they seek a greener future for their citizens.

 

“GEAPP’s vision for change is ambitious. That is entirely fitting; if we’re to achieve our twin goals of universal energy access and climate change action while transforming the lives of millions, then we must set our sights high.”

 

The former vice president has also taken to Twitter to express excitement about the new appointment.

 

He tweeted, “I am excited to announce that I have been appointed Global Advisor to Global Energy Alliance for People and Planet @EnergyAlliance.

 

“Together, we will work to unlock capital flows into the clean energy sector and boost Africa’s share in the global carbon market through #ACMI.

 

“GEAPP in such a short period has demonstrated a commitment to support developing countries’ shift to clean energy using models that ensure universal energy access as well as drive economic growth, generate jobs & sustainable livelihoods, and meet urgent climate goals.

 

“I am thrilled at the opportunity to work with @EnergyAlliance.”

 

On his part, CEO, GEAPP, Simon Harford, said, “For many years His Excellency Prof. Yemi Osinbajo has been a respected role model of public service at the forefront of policy formulation and implementation on crucial developmental issues relating to national planning, climate change, enabling the business and investment environment, governance, and social investment. His professional expertise and leadership, alongside his broad global network and relationships, will be a valuable catalyst in GEAPP’s mission for affordable access to clean energy and a just transition for all.”

 

Recall that before joining GEAPP, Prof Osinbajo dedicated eight years of his life as Vice President of the Federal Republic of Nigeria under the Muhammadu Buhari administration.

 

He had also served as Attorney General and Commissioner of Justice for Lagos State, while President Bola Ahmed Tinubu was governor.

 

He is an accomplished lawyer, an academic and a Senior Advocate of Nigeria (SAN).

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Fuel Pricing: PETROAN Accuses Dangote Refinery Of Monopoly

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The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns over alleged monopolistic practices by Dangote Refinery, following a public dispute about fuel pricing in the downstream petroleum sector.

Recall that the refinery, Africa’s largest, recently disclosed its petrol pricing at N990 per litre in trucks and N960 per litre into ships, a move it justifies as being in line with international rates.

READ MORE: Nigeria’s Debt Service Ratio Falls To 65% As Tinubu Tackles Economic Woes

PETROAN, however, sees this as an attempt to suppress competitors and dominate the Nigerian market.

The rift began when Dangote Refinery claimed that complaints from marketers regarding its pricing were fueled by intentions to import cheaper, potentially substandard products.

In response, PETROAN strongly rejected these allegations, suggesting that Dangote’s claims are tactics designed to maintain a monopoly in the sector.

Joseph Obele, PETROAN’s spokesperson, stated that the association remains committed to importing high-quality products at more competitive rates to ensure affordability for Nigerian consumers.

According to PETROAN, competition in the market is essential for achieving fair pricing, and any attempt to stifle it would be detrimental to consumers.

They argue that Dangote Refinery’s pricing should reflect production costs and fair margins rather than international benchmarks, especially given concessions granted by the government for the refinery’s establishment.

PETROAN also announced its plans to partner with foreign refineries and financial backers to import premium-quality petroleum products at prices below current rates.

The association aims to enter the market by December 2024, pending necessary regulatory approvals.

“The allegations that PETROAN will import substandard products are unfounded and aimed at creating an unfair playing field,” the statement read.

PETROAN warned that similar claims in the past had led to significant price hikes when competitors were pushed out, emphasizing that the entry of new players into the market would lead to more competitive pricing and ultimately benefit Nigerian consumers.

PETROAN expressed appreciation for President Bola Tinubu’s commitment to revitalizing Nigeria’s state-owned refineries and urged the government to consider privatizing the Port Harcourt and Warri refineries once rehabilitation is complete.

The association believes a transparent privatization process will help strengthen Nigeria’s downstream sector and counter monopolistic tendencies.

To address the ongoing pricing challenges in the sector, PETROAN called on the government to convene a comprehensive meeting of industry stakeholders, including major associations like IPMAN, DAPPMAN, MEMAN, NUPENG, and PENGASSAN.

PETROAN believes that collaboration among these groups will be instrumental in establishing a sustainable and competitive pricing framework for petroleum products in Nigeria.

 

 

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Hardship: Let Us Intensify Prayers For Our Leaders – Sultan Of Sokoto Tells Nigerians

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Sultan of Sokoto, Sa’ad Mohammad Abubakar II, has called on Nigerians to avoid publicly criticizing their leaders, instead urging citizens to place their trust in God to address leadership concerns as He deems fit.

Speaking at the Regional Conference on Climate Change-Induced Conflicts in Northern Nigeria, organized by the Kaduna State Bureau of Interfaith in collaboration with International Alert, the Sultan emphasized faith and patience in navigating the country’s challenges.

READ ALSO: Gunmen Attack Police Facility In Owerrinta, Female Detainee Killed

Acknowledging Nigeria’s current economic and social hardships, the Sultan encouraged continuous prayer, not only for the nation but for its leaders as well.

“Even though many feel times are particularly hard, we believe relief will come. Let’s increase our prayers for our leaders, trusting God to address them in His way,” he said, expressing hope that divine intervention could bring stability and prosperity.

The Sultan reminded political leaders of their ultimate accountability to God, cautioning that they will stand alone on the Day of Resurrection, with only their deeds to support them.

“On that day, every leader will stand alone. Governors, advisers—none will have support except their own deeds. Let us act with a deep sense of responsibility and fear of God,” he stated.

Addressing religious leaders, he warned against misleading their followers for personal gain, underscoring the trust many place in their religious guidance.

“Only God can save any human being,” he said, encouraging Nigerians to remain faithful and discerning in their spiritual beliefs. “Focus on worshiping Allah and leave the rest to Him. Don’t follow those who might lead you astray.”

With leaders from various religious communities, including the President of the Christian Association of Nigeria (CAN), in attendance, the Sultan called for unity, resilience, and communal effort to tackle pressing issues such as climate change, poverty, and insecurity in the northern region.

He praised the North’s history of unity and resilience, warning against divisive narratives that threaten communal harmony. “When we are united, we can face any challenge and build a prosperous community,” he asserted.

The Sultan’s remarks come amid ongoing social and environmental issues in the region, including a recent surge in climate-related challenges that have exacerbated poverty and security threats.

In light of these issues, he called on both Muslims and Christians to intensify their prayers, saying, “Our country faces many challenges, and we must turn to God in prayer. Let us intensify prayers in our mosques and churches.”

 

 

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#EndBadGovernance Protests: Tinubu Orders Release Of Detained Minors

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In a decisive move, President Bola Tinubu has ordered the immediate release of all minors detained by police during the recent #EndBadGovernance protests.

The directive, announced by Minister of Information and National Orientation, Mohammed Idris on Monday, underscores the government’s commitment to protecting children’s rights and ensuring justice.

Related News: EndBadGovernance Protests: Court Sets N10m Bail Each For 67 Minors

Idris confirmed that President Tinubu’s directive prioritizes the welfare of detained minors, instructing the Ministry of Humanitarian Affairs to facilitate their safe reunification with their families.

A committee led by the Ministry of Humanitarian Affairs will be established to oversee the welfare of the released minors and ensure compliance with the president’s orders.

Additionally, President Tinubu has directed a formal investigation into the actions of law enforcement agencies involved in the arrests.

The president emphasized that any misconduct uncovered during the investigation will result in disciplinary action, affirming his administration’s dedication to accountability within law enforcement.

 

 

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