NEWS
Nigeria’s Bold Strides Towards a Sustainable Future

By Alex Oware, Regional Director, YP4T
President Bola Tinubu has firmly established Nigeria as a proactive and visionary leader in the global pursuit of climate action and sustainable development. Recognising that environmental stewardship is intrinsically linked to economic prosperity, his administration has moved beyond viewing climate change as a mere ecological concern, positioning it instead as a pivotal economic opportunity ripe for exploration and investment.
President Tinubu’s emphatic pronouncements at the 2025 Abu Dhabi Sustainability Week and during a high-level virtual dialogue underscored Nigeria’s unwavering commitment to international collaboration, emphasising the critical need for a unified global response to the escalating climate crisis. He astutely highlighted that the realisation of a truly sustainable future necessitates robust global interconnectedness and a shared sense of responsibility amongst all nations.
Nigeria’s comprehensive strategy for tackling the multifaceted challenges of climate change rests upon three fundamental pillars: a decisive shift towards clean energy transition, the building of robust climate resilience, and an overarching commitment to sustainable development. To translate these core principles into tangible realities, the current administration is actively implementing a range of key initiatives designed to wean the nation off its reliance on traditional fossil fuels. A significant aspect of this endeavor involves the substantial expansion of infrastructure to support the widespread adoption of Compressed Natural Gas (CNG) and electric vehicles. Simultaneously, the government is strategically focusing on harnessing Nigeria’s abundant solid mineral resources to provide crucial materials for the burgeoning green energy sector. Complementing these efforts are the implementation of climate-smart agricultural practices, aimed at simultaneously enhancing national food security and minimising detrimental environmental impacts. Furthermore, the newly introduced National Clean Cooking Policy seeks to promote clean energy solutions at the household level, promising significant environmental, health, and socio-economic benefits for Nigerian citizens.
These ambitious endeavors are meticulously designed to deliver palpable value and positive impact directly to the lives of Nigerians. The diversification of energy sources holds the promise of cleaner air and a significantly healthier environment for communities across the nation. The active promotion of CNG as a viable alternative fuel is strategically aimed at mitigating the economic and social hardships that have arisen from the removal of fuel subsidies, offering a more affordable and sustainable energy option for transportation and domestic use. The widespread adoption of climate-smart agriculture is paramount for bolstering food security, ensuring a stable and reliable food supply, and safeguarding vulnerable local communities from the increasingly severe adverse effects of climate change, such as droughts and floods. Moreover, the deliberate expansion of the green energy sector is projected to generate a wealth of new employment opportunities and empower local entrepreneurs, particularly in rural communities that are gaining access to reliable and sustainable electricity for the first time.
In a demonstrably bold move that underscores the administration’s commitment to these overarching goals, President Tinubu’s government has put forward a significant N10 billion solar power project specifically for the Aso Rock Presidential Villa. This ambitious initiative is presented as a crucial step towards establishing a more sustainable and dependable energy future for the entire nation, starting from the highest levels of governance. Proponents of the project persuasively argue that it aligns seamlessly with global best practices, drawing parallels with the increasing adoption of solar energy in key government institutions worldwide. The Energy Commission of Nigeria (ECN) has vigorously defended the project, asserting that it is fully in line with President Tinubu’s broader reforms aimed at fundamentally transforming Nigeria’s energy landscape and decisively tackling the persistent and crippling energy debt crisis. The ECN further emphasises that solar energy offers inherent efficiency, provides a crucial shield for Nigerians against the volatility of rising tariffs on conventional energy sources, and has the potential to significantly ease the immense pressure currently burdening the national electricity grid. While the project has understandably sparked public debate and scrutiny regarding its substantial cost and prioritisation in the face of other pressing national needs, the government strategically positions it as an innovative approach that demonstrates leadership by example and a profound commitment to integrating clean energy solutions at the very apex of Nigerian governance.
Beyond these crucial domestic initiatives, President Tinubu has actively and strategically sought robust international collaboration and support for Africa’s complex transition towards a green economy, fully acknowledging that the necessary investments are inherently capital-intensive. Nigeria has already demonstrated commendable leadership on the continental stage by being the first African nation to successfully launch Sovereign Green Bonds, specifically designed to finance environmentally sustainable projects across various sectors.
Furthermore, the country is actively in the process of developing a comprehensive Global Climate Change Investment Fund, with the primary aim of attracting substantial further investment in critical green infrastructure and innovative clean energy initiatives. Nigeria remains steadfast in its commitment to achieving net-zero greenhouse gas emissions by the ambitious target year of 2060 and is actively engaged in the crucial process of updating its Nationally Determined Contributions (NDCs) under the esteemed UN Framework Convention on Climate Change.
The recent finalisation of the Nigeria Carbon Market Activation Policy in March 2025 is projected to unlock a substantial potential of up to $2.5 billion in valuable carbon credit investments by the pivotal year of 2030. This influx of capital is expected to further bolster climate-aligned economic growth and create new avenues for sustainable development. Moreover, Nigeria is actively collaborating with various United Nations agencies to develop a comprehensive guideline for a just transition towards a fully decarbonised economy. This crucial collaboration ensures that the inevitable shift towards clean energy and climate-resilient solutions is implemented in a manner that leaves no community or economic sector behind, prioritising the creation of green jobs, the development of essential skills, and comprehensive capacity-building initiatives across the nation.
President Tinubu’s overarching strategy underscores a holistic and integrated approach that seamlessly weaves climate action into Nigeria’s broader development agenda, recognising it not as a separate concern but as a fundamental strategic imperative for sustained economic growth and comprehensive national transformation. By diligently pursuing these comprehensive and interconnected strategies, Nigeria aims not only to effectively address the urgent and pressing challenges posed by climate change but also to unlock significant and lasting economic and social benefits for all its citizens, paving a clear and sustainable pathway towards a resilient, equitable, and prosperous future for generations to come.
NEWS
How N5bn Bond Bail Signed by Fidelity Boss was Confused as Bribe

Fidelity Bank has dismissed reports alleging that its Managing Director (MD) paid N5 billion in bribes to avoid detention by the police.
In a statement released on Monday, the bank explained that the MD was asked to sign a N5 billion bail bond as part of a police investigation into a matter involving the account of a customer, Woobs Resources Limited.
The bank described the reports — particularly a story by Sahara Reporters — as false and mischievous, meant to mislead the public into believing a bribe was paid.
“The police invited the MD during their investigation into a complaint made by James Onyemenam against Mr. Ogo Whoba over the management of Woobs Resources’ account. After taking her statement, the police asked the MD to sign a N5 billion bail bond on her own recognizance.
“It is this bond — not a bribe — that was referenced in a phone conversation with Mr. Ogo Whoba, which was secretly and unlawfully recorded. At no time did the MD pay N5 billion to the Police to avoid detention; signing the bond was simply a standard part of her release conditions.”
The bank also explained that the same false claim had previously been raised in a petition to the Inspector General of Police by Victor Ukutt on behalf of Mr. Whoba. The Inspector General investigated the matter thoroughly and dismissed it as baseless.
NEWS
SAMER CHEDID SUCCEEDS MAURICIO ALARCÓN AS CEO OF NESTLÉ CENTRAL AND WEST AFRICA

Accra, Ghana, June 16, 2025: Samer Chedid, CEO of Nestlé Indonesia has been appointed CEO of Nestlé Central and West Africa (CWAR) replacing Mauricio Alarcón who has taken on a new role within the Nestlé group. A business leader with diverse experiences across Nestlé including Middle East, Asia, and Africa, Mr. Chedid is no stranger to CWAR as he previously served as Country Manager for Nestlé Ghana.In his new role, he will steer affairs of the business across 25 countries in CWAR. “I am delighted to return to a region that has been a part of my career within the Nestlé group. Together with our resilient team of over 5,000 employees, I will continue to advance our purpose through innovation, high-quality product offerings, and meaningful partnerships. Our goal is to enhance livelihoods, promote community development, and maintain our commitment to environmental stewardship”, Mr. Chedid commenting on his appointment said.Mr. Chedid joined Nestlé in 1998 as a Sales Development Manager. He was later appointed Head of Channel Category Sales Development for Nestlé Middle East Region before his assignment as General Business Manager in Bahrain, Qatar and Dubai. He then moved to CWAR as Country Manager, Ghana then returned to the Middle East as Nestlé Middle East Region Sales Director. He was later appointed Country Manager, Saudi Arabia and eventually promoted to become CEO, Nestlé Pakistan. Mr. Chedid is recognized for his strong leadership and strategic mindset, his passion for people and for building strong and effective teams.For Media Enquiries, contact:Corporate Communications and Public Affairs, Nestlé Central and West AfricaCwar.MediaRelations@GH.nestle.com
NEWS
Azura Power commissions two pivotal community projects in Orior-Osemwende, Edo State

Benin City, Nigeria (28 May 2025) – In yet another significant commitment to the socio-economic development of its host communities, Azura Power West Africa Limited (APWAL) on Wednesday, 28 May, 2025 inaugurated two pivotal projects in Orior-Osemwende Community, Benin City, Edo State: the reconstructed Orior Primary Health Centre and the 1.1km Orior Community Road, thereby scaling up access to qualitative healthcare and improved connectivity for the residents of the community. The two key projects executed through the “Power to Change” (PTC) initiative – the company’s strategic Corporate & Social Responsibility vehicle – address the critical needs within the host community, the company stated. The Governor of Edo State, Senator Monday Okpebholo, who performed the formal commissioning of the projects, commended Azura Power West Africa Limited for its investment in initiatives that tangibly impact the lives and well-being of Nigerians, emphasising the benefits of partnership and collaboration between the government and the private sector toward accelerating the accomplishment of the Sustainable Development Goals (SDGs).The governor stated that Azura Power’s sustained commitment to making a real difference in the lives of the residents of the Orior-Osemwende community was exemplary and worthy of emulation for other businesses. In his welcome speech, Managing Director, Azura Power West Africa Limited, Mr. Edu Okeke, disclosed that the two projects, culminating in a total cost of 1.66 billion Naira, were aimed to significantly enhance healthcare infrastructure by providing a modern and improved primary healthcare facility for the residents of its host communities – Orior-Osemwende, Ihovbor and Idunmwowina – and adjoining communities, as well as improve community connectivity by delivering vital road infrastructure to facilitate movement, access, and overall quality of life. “For us at Azura Power West Africa Limited, the reconstructed Orior Primary Health Centre and the 1.1km Orior Community Road in Orior-Osemwende community not only exemplify APWAL’s continued dedication to our host communities but also highlight the tangible impact of the ‘Power to Change’ programme in fostering sustainable development and empowering lives at the grassroots level,’’ he stated. He said further that Azura Power’s PTC programme was a positive example of how corporate entities can meaningfully contribute to the development of their host communities, showcasing a model of responsible corporate citizenship. Okeke expressed deep gratitude to Governor Okpebholo-led administration for providing an enabling environment for businesses to thrive, and noted that the governor’s commitment to improved security, road and general infrastructure across the state would go a long way in attracting more investors into Edo State. “The reconstructed primary health centre will directly improve healthcare access and outcomes for the residents of Orior-Osemwende. Similarly, the newly built community road will enhance connectivity, ease of movement, and overall quality of life for the community members, potentially impacting economic activities and social interactions. If we take our modest contribution to community development as examples of incentives to attract more investors, the impact will be more when it is done on a large scale,’’ Okeke affirmed. He assured of Azura Power’s long-term commitment to the socio-economic advancement of its host communities, stating, “We will position the ‘Power to Change’ programme as a testament to this long-term vision of creating positive and lasting change, demonstrating that APWAL is a responsible and invested partner in the community’s progress.’’
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