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Reps To Hold Investigative Hearing On $2bn Renewable Energy Investments In Nigeria

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By Gloria Ikibah
The House of Representatives is set to hold an investigative hearing from Tuesday November 5th – 6th on the $2 billion renewable energy grants and investments meant for the development of the renewable energy sector in Nigeria, which has not made a commensurate impact on the energy security challenges in the nation.
The public hearing follows the mandate given to the House Committee on Renewable Energy on Thursday June 6, 2024, to investigate Ministries, Departments, and Agencies with dealings in investment, procurement, and receipt of grants for the development of the renewable energy sector.
Naijablitznews.com reports that the motion titled, “Need to Investigate Investments in Renewable Energy Sector and Foreign Grants received from 2015 till date”, was sponsored by Rep. Okey-Joe Onuakalusi, lawmaker representing Oshodi-Isolo II Federal Constituency of Lagos State.
According to a statement by the  Chairman, Rep. Victor Afam Ogene, on Sunday in Abuja, the probe will cover the period from 2015 to 2024.
Rep. Ogene said that the House was miffed that “Despite government attracting over $2 billion in renewable energy investments in the past decade, as reported by the Rural Electrification Agency in 2023, there has been no noticeable improvement in the sector.
“The House of Reps was alarmed that the dysfunctional electricity generation and supply system persists, contrary to the objectives behind government investments and grants aimed at developing the renewable energy sector, hence the resolution to probe these investments in order to determine the integrity of the procurement and execution processes.”
The Chairman who said the investigation was not to witch-hunt but to discourage opaqueness and promote transparency and objectivity in handling government or public resources; thanked the European Union and other donor agencies for their useful submissions, insights and cooperation in sharing information with the committee.
The invited agencies and stakeholders include, but are not limited to Rural Electrification Agency, Nigeria National Petroleum Company Limited, Nigerian Content Development and Monitoring Board, Nigeria Sovereign Investment Authority (NSIA), National Agency for Science and Engineering Infrastructure (NASENI), NASENI Solar Energy Ltd, Ministry of Petroleum Resources, Country Representative European Union, Union Bank Plc (Compliance Department), Ministry of Science, Technology and Innovation, Federal Ministry of Power, Energy Commission of Nigeria and Federal Ministry of Finance.
Others are, Niger Delta Power Holding Company, Federal Ministry of Marine and Blue Economy, Federal Ministry of Environment and Ecological Management, Federal Ministry of Petroleum (Gas Resources), Niger Delta Development Commission, United States Agency for International Development, Federal Ministry of Budget and Economic Planning, Federal Ministry of Agriculture and Food Security, Accountant General of the Federation, Renewable Energy and Energy Efficiency Associations (Alliance) REEEA-A
and Other Concerned Stakeholders.
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No going back on forex, subsidy reforms – Finance minister

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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says there is no going back on the current administration’s reforms in the forex and oil and gas sectors.

Edun made this known when he received the newly assigned Minister of State for Finance, Doris Uzoka Anitez at the Ministry’s headquarters, on Monday.

“Nigeria now have a foreign exchange rate that is market based and also a deregulated oil market pricing which are two reforms that are long overdue over many decades that President Tinubu is currently implementing.

“Therefore as co-ordinating minister of economy, we stand on a threshold of a new dawn to implement these reforms and increase productivity, create jobs and reducing poverty and we are glad to have a minister of state that will help in actualizing the President’s reforms,” he said.

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According to him, consultation and collaboration is key to achieving these key reforms both from public and private sector, stressing that ongoing economic policies are showing sustainability and sign of success.

The Minister of State for Finance, in her response, restated her commitment to work with stakeholders in both private and public sectors to ensure economic growth is materialized.

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Rivers: Fubara fond of disobeying judgements, – Amaewhule-led Assembly

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The Martins Amaewhule-led House of Assembly in Rivers State said Governor Siminialayi Fubara has a penchant to disobey courts’ judgements and constitutional provisions.

This is as the lawmakers also vowed to make Fubara’s appointees and permanent secretaries aiding him to circumvent the law have their date with the law.

They stated this during their 65th sitting on Monday in the legislative quarters.

In a statement by Martin’s Wachukwu, Special Assistant on Media to the Speaker, Martins Amaewhule, said the lawmakers reviewed the governor’s actions while deliberating on the recent judgement of the Federal High Court, Abuja Division.

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The state legistators comnended the verdict of Justice J.O. Abdulmalik barring government from withdrawing from the Consolidated Revenue Fund of the State, until the 2024 Appropriation Bill is presented before a properly constituted Assembly describing it as a sound and well considered ruling.

The statement also pointed out that the Assembly on 15th July, 2024 deliberated and resolved on the continuous refusal of Fubara to present the 2024 Rivers State Appropriation Bill to the House.

The lawmakers then took the decision to write to the governor to shut down on expenditure pursuant to Section 122 of the 1999 Constitution.

Enabled by its resolution, the House and Amaewhule filed an action before the Federal High Court to determine whether Fubara could expend or continue to expend from the Consolidated Revenue Fund of the State without a valid 2024 Appropriation Law by the State House of Assembly.

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The lawmakers prayed the court to invoke the consequences of such constitutional breach by ordering the Central Bank of Nigeria, the Accountant- General of the Federation, some Money Deposit Banks among other defendants to stop the release of moneys or permit the withdrawal of Rivers State funds until Fubara complied with the Constitution which he swore to uphold; and the court decided in favour of the House and the Speaker.

Commenting on the judgement, Amaewhule said, “Since 1st of July, 2024, Governor Fubara has been spending moneys of the State without approval hence the declaration of the shutdown of expenditure.

“Yet, the Governor in his characteristic manner of disobeying judgements of Courts, the Constitution of the Federal Republic of Nigeria and extant laws has continued to circumvent the Law with the aid of Permanent Secretaries, and some individuals who parade themselves as Commissioners. They will certainly have a date with the Law”.

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NAF Airstrikes neutralize ISWAP commander, dozens of others

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The Nigerian Airforce says its airstrike has neutralized 50 terrorists, including a high-ranking ISWAP commander known as Bashir Dauda, during an operation in Marte Local Government

Air Commodore Olusola F Akinboyewa, Director, Public Relations and Information, Headquarters, Nigerian Air Force, in a statement on Monday night said the precision strikes focused on known ISWAP strongholds in the villages of Tumbun Daribiyar, Jubularam, Buluwa, and Tumbu Karfe, marking a major effort in the ongoing fight against terrorism in Nigeria’s Northeast.

It said an on-ground assessment confirmed that “approximately 50 terrorists, including a high-ranking ISWAP commander known as Bashir Dauda, were neutralized in the operation.”

” Additionally, an ISWAP supply depot in the Jubularam enclave, filled with a substantial cache of food and essential items like beans, millet, and rice, was destroyed, effectively severing a critical resource line for the terrorists.

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“These successful air strikes, targeting personnel and logistics, underscore NAF’s ongoing commitment to supporting ground forces and enhancing joint efforts to decimate terrorist strongholds in the region,” he said.

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