News
Minister of power inaugurates 5 projects under Presidential Power Initiative
The Minister of Power, Chief Adebayo Adelabu, has inaugurated five projects, located in Okene, Kogi state, Amukpe, Delta state, Potiskum, Yobe state, Apo in Abuja, and Ihovbor, Edo state, under the phase one of the Presidential Power Initiative (PPI).
The phase one of the PPI is targeted at increasing Nigeria’s wheeling capacity by 272 megawatts, thus culminating in a more robust delivery of electricity to consumers across the nation.
Speaking at the commissioning of the 60MVA power transformer , Adelabu, said: “Concurrently, we are remotely inaugurating four additional sites, namely Amukpe in Delta State, Potiskum in Yobe State, Apo in Abuja, and Ihvobor in Edo state.
“This is why we commend the strides that have been made by the FGN Power Company under the Presidential Power Initiative. In particular, the partnership that has been forged with the German government and Siemens Energy which led to the production and installation of these world-class equipment we are commissioning today.
“PPI, I must note, is a strategic and systematic approach to solving Nigeria’s perennial problems of unreliable and inadequate electricity supply. I am delighted that with the German Government’s partnership with the Federal Government of Nigeria on the execution of the PPI, we will be able to deliver reliable power supply to the entire country. Mr. President has mandated that we accelerate our Agreement with Siemens Energy, and we are currently finalizing the scope of that work with all stakeholders.”
Similarly, the Managing director/CEO, FGN Power Company, Mr. Kenny Anuwe, said: “Today marks yet another historic day in the journey of our beloved country, Nigeria and the Presidential Power Initiative (PPI). The inauguration of four other sites, which include Amukpe in Delta State, Potiskum in Yobe State, Apo in Abuja and Ihovbor in Edo State, will collectively boost the transmission wheeling capacity by 272MW for onward delivery to electricity consumers. These signify a pivotal step forward in the revitalization of the power sector, serving as a masterstroke that will profoundly impact our industrial, social, and commercial life as a nation.
“The PPI has embarked on a noteworthy initiative by deploying Ten (10) Power Transformers and Ten (10) Mobile Substations across Nigeria. This strategic move will augment the transmission wheeling capacity, a pivotal component of the current administration’s concerted efforts to expeditiously deliver enhanced power supply. Importantly, the deployment of these devices underscores our steadfast dedication to advancing improved electricity access for the people of Nigeria.
“Let me at this point express my profound gratitude to the President and Commander-in-Chief of the Nigerian Armed Forces, His Excellency, Ashiwaju Bola Ahmed Tinubu, for his single-minded determination to continue the pursuit of improved power supply for Nigerians, as initiated by his predecessor, former President Muhammadu Buhari.
“I extend my gratitude to the Honourable Minister of Power for your exemplary leadership and dedication to fulfilling the mandate of the PPI. Special thanks are also due to the former Governor of Kogi state, Yahaya Bello and the incumbent Governor of the State His Excellency, Ahmed Usman Ododo for your invaluable support during the project implementation in Okene, which has made the commissioning of this project a reality.
“We acknowledge the importance of improved power supply towards the attainment of the present administration’s Renewed Hope agenda and assure Mr. President of our determination to provide all necessary leverage towards the attainment of his administration’s national objective.”
He said: “When, on August 31, 2018, the Federal Government of Nigeria established the Presidential Power Initiative (PPI), the underlying objective was to coordinate the partnerships and secure financing for the project that would improve the country’s power transmission, distribution, and generation capacity for the benefit of Nigerian households and businesses.
“Through hard work and driven by an immeasurable sense of patriotism, the Nigerian government was able to reach an agreement with the German government, resulting in Siemens Energy’s emergence as the implementation partner to deliver on PPI’s mandate to modernize and revamp infastuctures in the power sector .
“Partnering with the German Government, Siemens A.G and Siemens Energy, we were able to set for ourselves and our dear country Nigeria, the ambitious task of boosting power supply from an estimated 4,000 megawatts to 25,000 megawatts.
“We are aware of the country’s economic and social potentials and needs. Therefore, FGN Power Company, through the PPI, has laid plans for an even distribution of power infrastructure across all the geopolitical and potential economic power zones of the country.
“This is why this commissioning of the power transformer in Okene, Kogi State is important. We strongly believe that with improved power supply in Kogi State as well as in other parts of North Central Nigeria, investments in agriculture and food processing will begin to spiral, and with that, there will be spontaneous personal, regional, and national economic growth.”
He added: “This administration is setting the course towards economic development, and access to energy is the foundation for job creation and economic growth. I am happy to announce that with our partnership with Siemens Energy, we have been able to create more jobs while also delivering capacity building in the area of power sector engineering for Nigerian engineers.”
Renowned African industrialist and philanthropist, Aliko Dangote, has been named among TIME Magazine’s 100 Most Influential People in the World for 2026, reaffirming his standing as one of the most successful and iconic business leaders of his generation.
Dangote joins global influential figures from multiple sectors, including political leaders such as U.S. President Donald Trump, Chinese President Xi Jinping, Israeli Prime Minister Benjamin Netanyahu, Canadian Prime Minister Mark Carney, revered Pope Leo XIV, current head of Catholic Church as well as business and technology leaders including Google CEO Sundar Pichai and YouTube CEO Neal Mohan.
The annual TIME100 list, published on April 15, 2026, recognises global figures whose leadership, ideas, and actions are shaping the future across business, politics, culture, and society. Dangote’s inclusion places him alongside prominent international figures drawn from diverse spheres of global influence.
This marks Dangote’s second appearance on the prestigious TIME100 list, following his first recognition in 2014, when he was honoured for his exceptional impact on business and philanthropy. His return to the list more than a decade later underscores the consistency and scale of his influence on the global stage.
Dangote, who is being recognized for his African industrial drive is the only Nigerian on the list and featured in the titan and innovators category. Other prominent honorees named alongside Dangote in the titan category are Reid Wiseman, Commander of the Artemis II mission to the moon; Sundar Pichai, CEO of Google and Alphabet and Neal Mohan, CEO of YouTube.
Also featuring prominently under the titan category are Michael and Susan Dell, the high-profile American tech billionaires and philanthropists best known as the founders of the Michael & Susan Dell Foundation, a global non-profit that focuses on improving the lives of children living in urban poverty. Included here also is the American designer and billionaire, Ralph Lauren, best known for founding the global lifestyle empire Ralph Lauren Corporation.
Recognized in the Pioneer category are individuals with breakthroughs in Science and Social Advocacy such Kiran Musunuru and Rebecca Ahrens-Nicklas, both of whom were cited for medical breakthroughs in genetic therapy as well as Aaron Williams, recognized for advancements in heart transplant readiness.
Influential figures recognized in global entertainment and culture include Ranbir Kapoor, prominent Indian actor; Dakota Johnson, recognized as an actress and cultural icon and Kate Hudson, included for her cultural influence.
As Founder and President of Dangote Group—Africa’s largest indigenous industrial conglomerate—Dangote has played a central role in advancing industrialisation across the continent. Under his leadership, the Group has made landmark investments spanning cement manufacturing, sugar and food processing, agriculture, infrastructure, and lately energy, significantly reducing Africa’s reliance on imports while creating millions of direct and indirect jobs.
In its citation, TIME Magazine highlighted Dangote’s vision of building African industries with local resources for global competitiveness, noting his recent investments in large scale energy and manufacturing infrastructure as emblematic of his long term commitment to Africa’s economic transformation.
Beyond business, Dangote is widely acclaimed for his philanthropic leadership through the Aliko Dangote Foundation (ADF), one of Africa’s largest private philanthropic organisations. The Foundation supports critical initiatives across healthcare, nutrition, education, disaster relief, and economic empowerment, contributing to improved outcomes for vulnerable communities across the continent.
The 2026 TIME100 recognition further reflects a broader global acknowledgement of African leadership, innovation, and enterprise, with Dangote standing as a symbol of the continent’s growing influence in shaping global economic and development narratives.
This latest honour consolidates Aliko Dangote’s legacy as a visionary industrialist and philanthropist, whose work continues to drive sustainable development, inclusive growth, and long term value creation—both within Africa and beyond.
Under his leadership, Dangote Group recently launched Vision 2030, with which Dangote Industries aims to transform from a regional $30 billion conglomerate into a $100 billion global powerhouse by 2030.
This strategy focuses on industrial self-sufficiency for Africa, moving the group from “regional dominance to global relevance”.
Dangote said the roadmap to vision 2030 is divided into phases to “supercharge” the group’s expansion; with phase one spanning 2025-2028 focused on scaling existing businesses—cement, fertilizer, and energy—and optimizing assets for international competitiveness.
The Phase two running from 2028-2030 is for the deployment of new businesses and ventures into global markets to drive the final leap to the $100 billion revenue target. The Dangote Group plans to venture into steel manufacturing, power, and deep-sea ports to tackle industrial bottlenecks across Africa.
This recognition by Time Magazine underscores the growing global acknowledgment of African leadership and innovation, and highlights Aliko Dangote’s enduring influence as a visionary leader committed to sustainable development and inclusive growth.
The 2026 list underscores the expanding global visibility of African leadership and Dangote’s continued influence as a leading industrialist and philanthropist.
Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), and his son, Abdulaziz Malami, on Wednesday pleaded not guilty to a five-count amended charge bordering on alleged illegal possession of firearms, filed against them by the Federal Government.
The Department of State Services had, on February 3, 2026, arraigned the defendants on a five-count charge bordering on alleged terrorism financing, aiding terrorism, and illegal possession of firearms.
Malami was also accused of failing to prosecute suspected terrorism financiers while in office, in addition to alleged unlawful possession of a Sturm Magnum 17-0101 firearm and ammunition.
They had earlier pleaded not guilty to the charges and were granted bail by the court.
However, at the resumed hearing on Tuesday, prosecution counsel, Akinlolu Kehinde (SAN), informed the court of an amended charge dated April 14, 2026, which he said had been served on the defendants.
Kehinde urged the court to substitute the earlier charge dated February 2, 2026, with the amended one to enable the defendants to take a fresh plea.
Responding, defence counsel, Shaibu Arua (SAN), confirmed receipt of the amended charge.
Consequently, the trial judge, Justice Joyce Abdulmalik, struck out the earlier charge and discharged the defendants in respect of it.
The court thereafter ordered that the amended five-count charge be read to the defendants.
In the amended charge, the defendants were accused of preparing to engage in acts of terrorism by allegedly possessing firearms without a licence, including a Sturm Magnum 17-0101 firearm, 16 Redstar AAA 5’20 live cartridges, and 27 expended cartridges.
The offences are said to be contrary to provisions of the Terrorism (Prevention and Prohibition) Act, 2022, and the Firearms Act, Cap F28, Laws of the Federation of Nigeria, 2004.
After the charge was read, the defendants pleaded not guilty to all counts.
Following the plea, Kehinde urged the court to fix a date for trial.
However, the defence counsel prayed the court to allow the defendants to continue on the bail earlier granted to them.
The prosecution did not oppose the application.
In her ruling, Justice Abdulmalik granted the request and fixed May 26 and June 16, 2026, for trial.
The amended charges read: “That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State, within the jurisdiction of this Honourable Court, did engage in preparation to commit acts of terrorism by having in your possession and without license, a Sturm Magnum 17 – 0101 firearm, Sixteen (16) Redstar AAA 5’20 live rounds of Cartridges and Twenty-Seven (27) expended Redstar and thereby committed an offence contrary to and punishable under Section 29 of the Terrorism (Prevention and Prohibition) Act, 2022.
“That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State, within the jurisdiction of this Honourable Court did conspire amongst yourselves in preparation to commit acts of terrorism by having in your possession and without a license a Sturm Magnum 17 – 0101 firearm, Sixteen (16) Redstar AAA 5’20 live rounds of Cartridges and Twenty-Seven (27) expended Redstar, contrary to Section 26 (1) of the Terrorism (Prevention and Prohibition Act) 2022 and punishable under Section 26 (3) (a) and (b) of the Terrorism (Prevention and Prohibition Act) 2022.
“That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State within the jurisdiction of this Honourable Court, without a license, did have in your possession a Sturm Magnum 17 – 0101 firearm and thereby committed an offence contrary to Section 3 of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004 and punishable under Section 27 (1) (a) (i) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004.
“That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State within the jurisdiction of this Honourable Court, without a license, did have in your possession Sixteen (16) Redstar AAA 5’20 live rounds of Cartridges and thereby committed an offence contrary to Section 8 (1) (b) (ii) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004 and punishable under Section 27 (1) (a) (i) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004.
“That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State within the jurisdiction of this Honourable Court, without a license, did have in your possession Twenty-Seven (27) expended Redstar AAA 5’20 live rounds of cartridges and thereby committed an offence contrary to Section 8 (1) (b) (ii) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004 and punishable under Section 27 (1) (a) (i) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004.”
The Federal High Court in Lagos has restrained the Federal Competition and Consumer Protection Commission (FCCPC) from enforcing parts of its newly issued Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025, pending the determination of a substantive application before the court.
Justice Ambrose Lewis-Allagoa granted the interim injunction following an ex-parte motion filed by the Wireless Application Service Providers Association of Nigeria (WASPA Nigeria), which is challenging the legality and implementation of the regulations.
The association had approached the court on April 14, 2026, seeking urgent judicial intervention to stop the enforcement of key provisions of the regulatory framework, popularly referred to as the “Deon Consumer Lending Regulations.”
In a ruling delivered after hearing submissions from counsel to the applicant, Kemi Pinheiro (SAN), alongside Bolu Agbaje Akadri and Muyiwa Odubela, the court held that the applicant had made a case warranting interim protection pending further hearing.
WASPA Nigeria, in its application, argued that the FCCPC’s regulations would adversely affect its members, who operate within Nigeria’s digital and online consumer lending ecosystem.
The group sought to prevent the commission from implementing, enforcing, or taking any steps under the disputed regulations until the court determines the framework’s legality.
Specifically, the association urged the court to restrain the FCCPC from enforcing various provisions of the regulations, including paragraphs 3, 7, 10, 12, 13, 14, 15, 16, 24, 27, 29, and 32. It also asked the court to stop the commission from imposing sanctions, penalties, or fines on its members, as well as from issuing directives that could affect their operations.
After considering the motion ex-parte and supporting affidavit sworn by Ayo Stuffman, a Nigerian citizen residing in Lagos, Justice Lewis-Allagoa held that an interim order of injunction was justified in the circumstances.
The court accordingly restrained the FCCPC from enforcing or giving effect to the contested provisions of the regulations, pending the hearing and determination of the motion on notice for interlocutory injunction.
The judge also barred the commission from taking any steps that would interfere with or prevent WASPA members from continuing to provide services or products regulated under the framework.
The FCCPC was restrained from imposing any sanctions or penalties on the association’s members arising from alleged non-compliance with the regulations.
The court prohibited the commission from issuing any further orders or directives relating to the implementation or enforcement of the disputed regulatory framework.
The matter has been adjourned to April 27, 2026, for the hearing of the substantive application.
The order marks a significant temporary setback for the FCCPC, which recently introduced the regulations as part of efforts to strengthen oversight of Nigeria’s rapidly expanding digital lending and fintech ecosystem.
The framework was designed to address consumer protection concerns, data privacy issues, and unregulated lending practices in the sector.
Stakeholders in the digital services and lending space have continued to raise concerns about the scope and potential impact of the regulations on innovation, compliance costs, and operational freedom.
The court is expected to consider arguments on whether the restraining order should be extended or lifted pending full determination of the suit.
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