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Group seeks partnership with government, experts on power transmission

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Group seeks partnership with government, experts on power transmission

Mr Tunde Salihu, General Chairman, Institute of Electrical Electronic Engineers (IEEE) has called for partnership between the iwnstitution and the Federal Government to better the power transmission in Nigeria.

Salihu made the call at a news conference organised by the Power Africa Conference of the institution in Abuja on Wednesday.

He said that the partnership would lead to more input of knowledge, funds and tools to provide electricity for the 54 per cent of Nigerians lacking electricity, adding that government should sponsor engineers to attend trainings.

According to him, training is one of the major problem the power sector in Nigeria is suffering from and partnership with the government could correct it.

‘’There is nothing wrong in government sponsoring many more engineers in the power sector to this conference so that we can have a more robust discussion around it.y

‘’ It is important for government of Nigeria to come and partner with us to have a more robust conference so that Nigeria can benefit from its outcomes.

‘’We have gotten the permission of trainers to come and do an advanced training to solve other problems that could occur in our power industry to solve protection problems and others’’

He further called on the government to sponsor more engineers that would help in giving solutions to the problems in the power sector.

Meanwhile, Mr Frank Lambert, a member of the conference noted that advancement in technology and renewable energy in Nigeria would help in improving power in Nigeria.

Lambert said that there were smaller power plants that could power a village with 10 houses saying that this advancement in technology is cheaper and can be cheaply generated.

He said the lack of power in the country was a huge challenge that could give an opportunity to carry out these technologies and improve technological advancement in Nigeria.

‘’We are a knowledged based economy and we recommend this to Nigeria and Africa at large, and it could increase the electricity sector in Nigeria and to other countries that by in to idea.

‘’We have new technologies that can help us stand alone and generate our own electricity,’’ he said.

The organisation is a professional association for electronic engineering and electrical engineering with its corporate office in New York city..

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Ogunlesi backs Tinubu reforms as FIRS chairman Adedeji highlights export-led economy

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Joel Ajayi

After a high-level meeting with President Bola Tinubu in Abuja, Nigerian-born global investor Adebayo Ogunlesi expressed renewed confidence in the country’s economic reforms, indicating potential mega investments across energy, aviation, and port sectors. 


He was joined in that optimism by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), who stressed that the reforms were laying the groundwork for an export-driven economy.


Speaking to journalists after the closed-door meeting, Ogunlesi praised the sweeping policy changes under Tinubu’s administration, including the removal of subsidies, tax reforms, and the revival of a refinery already exporting aviation fuel. 


“We had an excellent meeting where we discussed how to put Nigeria front and center for international investment. The President was very encouraging, and we shared useful suggestions on driving economic growth,” Ogunlesi said.
Although he declined to reveal specific details, Ogunlesi confirmed that his firm is actively investing in Nigeria and assessing new opportunities. 


“Watch this space. Nigeria is not yet the most exciting investment destination, but that’s what we are working on,” he teased.


Pressed on the sectors of interest, Ogunlesi highlighted energy, gas, aviation, ports, and renewables. Drawing on his firm’s experience with LNG projects in Texas and Australia, he noted Nigeria’s massive untapped gas reserves. 


On aviation, he acknowledged his reputation as “the guy who bought Gatwick Airport” and signaled interest in similar ventures locally.
He also admitted that one of his companies operates ports in Cotonou and Lomé but none in Nigeria, a point Tinubu reportedly challenged him on. 


“He forgave me but said, ‘you have to bring port investment to Nigeria,’” Ogunlesi recounted with a smile.


International investor Hakeem Bello-Osagie, who was also present, underscored the importance of diaspora participation in Nigeria’s growth story. 
“When Nigerians at home and abroad invest in Nigeria, it sends a strong signal to the world,” he said, lauding Tinubu’s policies for making the country “investable.”


Echoing the sentiment, FIRS chairman Adedeji described the reforms as the foundation for an export-led economy. 


“We’ve done the fundamentals, and now it is time to deliver growth,” he said.


With global players signaling confidence, the momentum for Nigeria’s economic repositioning is gaining ground, setting the stage for transformative investments in key industries.

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