Category: Business

  • A coup and its unending controversy

    A coup and its unending controversy

    The collapse of true federalism in Nigeria has its root in the military incursion into politics on January 15, 1966. Group Political Editor EMMANUEL OLADESU revisits the fall of the first legitimate government and the crisis of nation-building the military coup unleashed on the polity.

     

     

    It was a day of confusion in Lagos, the former Federal Capital Territory (FCT). The city was enveloped in panic. Many civil servants on their way to work in the morning turned back. Markets closed abruptly, almost at sunrise. Around Ikoyi and Obalende, which was a stone throw from the State House, people ran helter sketer. Political, economic and social activities were instantly paralysed.

    Ministers were woken up by gunshots from aggrieved soldiers. Some of them were alerted to the danger earlier, but they had ignored the warning signal. Some of them stayed in doors, waiting for information. Others drove to their offices in boldness. But the Federal Secretariat Complex, Ikoyi, was empty. Those outside Lagos were trapped in their destinations because there was no movement. Nigerians were seized by anxiety and tension.

    Before January 15, 1966, coups were not new in Africa. But a political scientist, Prof. Isawa Elaigwu, said that “this date marked the effective explosion of the military on the Nigerian political arena”. Bloody mutinies have been reported in Sudan, Egypt and Togo. But the coup of the five majors still dazed the political class. Soon, the news was all over the place that the Prime Minister, Alhaji Abubakar Tafawa Balewa, was missing. Many hours later, it was confirmed that the Head of Government had been killed and his body deposited in a bush on the Lagos/Abeokuta Road. Simultaneously, a pall of gloom descended on Northern Nigeria. The Premier, Alhaji Ahmadu Bello, had been killed. The same tragedy had befallen the Premier of Western Region, Chief Ladoke Akintola, and Minister of Finance Chief Festus Okotie-Eboh was the only minister killed by the army. Also killed by the rampaging soldiers were some senior military officers, including Brigadier Maimalari, Brigadier Ademoyega Ademulegun, and Col. Ralph Sodeinde.

    Anger was bold on the face of the coup leader, Major Chukwuemeka Nzeogwu, who had come on air to inform anxious Nigerians about the forceful change of government. He cited many reasons for the change of government. The ring leader and his allies; Emeka Ifeajuna, Adewale Ademoyega, and others, accused the government of corruption, tribalism and lack of discipline. They promised hard times for the ‘ten per centers in high places. To reposition the country, they said, was a priority. Nzeogwu and his colleagues portrayed the soldiers as modernising agents.

    However, the euphoria was short-lived. On the second day, January 16, the tune changed. Due to human error, there was a hollow in the execution of the coup. Killings were restricted to the North and West. Since no prominent Igbo politician was killed, the uprising was decked in an ethnic garb. Thus, it has been observed that the way the coup was executed created suspicions and stigmatised it with ethnic colouring. Up came the General Officer Commanding the Nigerian Army, Major-General Thomas Aguiyi-Ironsi, who tricked the mutineers to come to Lagos, where he asked them to surrender to him. Although he became the beneficiary of the mutiny, he claimed that the coup plotters deserved punishment to restore discipline to the military and appease the North for the death of their political and military leaders. As part of his scheme to assert authority, later, the politically ambitious G.O.C asked the Council of Ministers, at gun point, to resolve to hand over to the military. The ministers, led by the late Dr. Kingsley Mbadiwe, could not muster the strength to resist the military’s incursion into politics. The Acting President, the late Dr. Nwafor Orizu, was also helpless. Having correctly interpreted the body language of the power-thirsty soldiers, they caved in. The parliament and council of ministers went with the wind of change.

    Had the civilian leaders taken decisive steps ahead of the tragedy, the destruction would, probably, have been averted. The Minister of Information, the late Chief Ayo Rosiji, had been inundated with complaints of a likely coup by junior officers by Brigadier Ademulegun in Kaduna. The Ondo-born Army officer had urged him to convey the information to Balewa in Lagos. He advised that the Prime Minister should act with speed, warning that delay could be dangerous. Ademulegun emphasised that the lives of senior politicians and military officers were in grave danger. Rosiji’s biographer, Nna Mba, stated that when the former minister mentioned it to the Prime Minister, Balewa, “gave a characteristic fatalistic response”. He admittedly dismissed it with a wave of the hand. Perhaps, Balewa was preoccupied with the preparations for the meeting of the Commonwealth Heads of Government holding in Lagos that month. The Prime Minister said he was not afraid because death would be the ultimate end of existence. Also, in his memoirs, former Inspector-General of Police Alhaji M. D. Yusufu recalled that similar warnings by the police were blatantly ignored by the Prime Minister.

    The result was disastrous. Following the coup, Nigeria was instantly assailed by a monumental crisis of nation-building. Ironsi’s first step was threatening to federalism. Soldiers of northern origin were angry that the coup masterminded by the Igbo officers was aimed at shifting power from the North to the East. The inexperienced military Head of State dismantled the federal structure and foisted on the country a centralised, unitary system when he enacted Decree 1, 1966. He appointed four military governors; the late Col. Adekunle Fajuyi (West), Col. Usman Katsina (North), Col. David Ejoor (Midwest) and Col. Emeka Odumegwu-Ojukwu (East). He set up an ad hoc constitutional conference which hit the rock, although he failed to set up a federal cabinet in time. “ It took Ironsi three months to make any political move, but actually five months for him to opt for greater centralisation of power through unitarism”, recalled Elaigwu in his book titled: “Gowon: The Biography of a soldier-statesman”. “In a way, it may be argued that General Ironsi was a victim of circumstances which required the quick use of his mental capacity and political subtlety-two traits Ironsi did not possess in adequate amounts”, he added. Besides, Eliagwu pointed out that “the political pulls within the system may have made Ironsi vacillate in making radical changes in the federal-regional relations”.

    Barely six months after the first coup, Ironsi was killed in Ibadan, capital of the Western State, when he was guest of Fajuyi. In the retaliatory coup, Fajuyi, who was defending Ironsi, sacrificed his life. He was killed by soldiers of northern origin avenging the murder of Bello and Balewa.

    Senior officers were not prepared for the challenges imposed by the sudden regime change. Following Ironsi’s death, a succession battle rattled he top hierarchy. Young military officers from the North refused to take orders from the second-in-command to Ironsi, the late Brig. Babafemi Ogundipe. They insisted that the Chief of Army Staff, Col. Yakubu Gowon, should assume the reins. The governor of the Eastern State objected, saying that it was against the seniority principle. He warned that a dangerous precedent, which could erode discipline, was being set.

    Gowon succeeded Ironsi as the Head of State. Tension later brewed as cases of mistrust among the various officers from the diverse, heterogeneous country were rife. Ojukwu advised soldiers of eastern origin to return home, since their lives were no more safe outside the region. The chain of events cumulated in the declaration of the Republic of Biafra by Ojukwu, who proclaimed himself as the Military Head of State and Commander-In-Chief of the new country he carved out of Nigeria. A bitter civil war ensued, with heavy casualties recorded on both sides. No fewer than one million lives were lost. Although Nigeria won the secession battle, it did not win the battle for national unity.

    Analysts have reflected on the justification for the first coup. Was it the best option at the time? Were soldiers in government better than the civilians in the first 13 years and later, 15 years of military rule? Today, coup is old fashioned, but historians have always noted that Nzeogwu may have acted out of patriotism, although the coup could also have been executed with minimal casualties. But the coup was infectious. Other coups and blood-letting activities of the military in July 1966, 1967, 1975, 1983, 1985, 1986 by Major Gideon Okar’s group, the pre-emptied Vatsa coup of 1988, and Gen. Sani Abacha’s displacement of the interim contraception headed by Chief Ernest Shonekan, were built on the foundation laid by the five majors.

    On all counts, soldiers deviated from the cause of moral decency. Seized by greed, they pillaged the treasury and did incalculable damage to public discipline. For example, the former Vice Chancellor of the University of Jos, Prof. E.U. Emovon, noted that Gowon’s method of a blend of militarism and humanism yielded under the stress of corruption and nepotism perpetrated by his lieutenants. Major-General Muhammadu Buhari, who had resolved to restore confidence in government by fighting corruption, breached human rights in the process. His successor, Gen. Ibrahim Babangida, presided over a corrupt administration which wrecked the economy. Gen. Abacha became a despot.

    Observers pointed out that, had the foundation laid by the civilian authorities been sustained, the coup may have lacked justification. But the warring civilian leaders, who fired salvos from their ethnically-inclined political parties, had their own inherent weaknesses. The polity witnessed political stability when the federal government and the regions shared powers in an atmosphere of cooperative federalism and critical inter-governmental relations. But electoral tensions and recurrent suspicion between the North and the South, which complained about domination, later heralded political instability. Renowned historian Dr. Mba contented that there is substance in the criticisms that they lacked courage, conviction and vision of the society they had hoped to lead after the attainment of independence. She also agreed that “the political elite had also been held responsible for promoting ethnicity for political gains”.

    Mba also agreed that, in the First Republic, “corruption was practised and not checked”, adding that the inability or lack of will on the part of Balewa to insist on all his colleagues observing the rules contributed to the general demoralisation and breakdown of the government’s authority.

    To avoid repeating past mistakes, the historian advised that leaders should ensure that politics is based on principles and issues, not on personalities or ethnicity, and should be conducted according to enforced rules of fair play. Mba also advised that personal ambition must not be allowed to supersede the communal or national good, and power must not be used only or even mainly to further personal ambition. The historian had solid advice for youths who would drive the ship of the fledgling nation-state in the future. Young Nigerians must learn to unlearn the ethnic prejudices which had burdened previous generations so that they may work and socialise together freely. By so doing, they may create a more egalitarian and just society in the future,” Mba said.

     

  • Industrialist seeks clarity in BoI/UNDP financing scheme

    The Bank of Industry (BoI)/United Nations Development Programme’s (UNDP’s) structural financing programme for renewable energy development could be more productive if it is transparently administered, Prince Timothy Okedele, has said.

    Okedele, the country representative, Coomi Trade Sarl of Italy, a waste-to-power firm, disclosed this at a trade fair organised by Small and Medium Scale Enterprise Development Association of Nigeria (SMEDAN) in Enugu.

    He said as commendable as the initiative is, the process of picking beneficiaries of the $30,000 credit facility still leaves much to be desired.

    He said: “I am at loss on the methodology or approach adopted by the facilitators of the scheme in arriving at the outcome for selecting the beneficiaries from the 10 states chosen for the pilot scheme.

    “One is certainly not sure if the criteria set for selecting the winner was faithfully followed. In fact, there are reasons to believe that the process for awarding the $30,000 may have been manipulated to favour some beneficiaries who got what they didn’t deserve.”

    Besides, he said the time lag between the conclusion and implementation of a pilot scheme and the commencement of next one is unnecessarily too long, urging the facilitators to consider bridging the delay if the scheme is to be effective.

    “Since the pilot scheme took off close to a year ago it is surprising that nothing has been heard again on when the scheme would continue. As a matter of fact, I must say that the delay is rather unwarranted. If the scheme is to produce result for which it was established, we must ensure that more beneficiaries are encouraged to be part of the laudable programme without having to wait for this long,” he said.

    He commended the aggressive approach adopted by the Small and Medium Scale Enterprises Development Association of Nigeria (SMEDAN) in its development programme,andenjoined organisers of the scheme to emulate SMEDAN’s approach by stepping up actions to benefit more entrepreneurs.

    He said: “I would like them to take a cue from SMEDAN so that the initiative can cut across board. SMEDAN, for instance, has been going round across the country organising trade fairs for entrepreneurs to exhibit and display their products and services. Just recently it held one in Enugu, which was well-attended by entrepreneurs. These fairs are like platforms for these entrepreneurs to show visitors including individuals and government agencies what they are capable to offer them.Besides, SMEDAN also provides financial support for small businesses in need of lifelines to boost their existence.”

    Okedele, also the Chief Executive Officer, Prince Adesoke International Limited, said the renewal energy programme is worth supporting with investment from the government and private sector if the country is to solve the acute electricity problem in the country.

    He said: “One of the reasons for calling for an aggressive approach to the structural financing of the renewable energy programme is the need for us to find a lasting solution to the erratic generation and supply of electricity in this country.Renewable energy as we all know has the capacity of complementing and helping out the conventional source of electricity generation, which is currently in dire strait. Therefore, the only way this can be possible, is to provide more funds for innovative technological solutions in renewable energy.”

     

  • ‘Don’t be involved in cargo clearance’

    The Assistant Inspector-General of Police Zone 2, Alhaji Mamman Tsafe, has directed police officers in his zone to desist from interferring in cargo clearance at the ports.

    Tsafe, who gave the directive during a meeting with the Assistant Comptroller-General of Customs Zone A Victor Gbemudu and stakeholders in Lagos, said he has directed the Commissioners of the Lagos State Police Command and the Port Authority Police Command to restrain their officers from harassing customs agents in and around the ports.

    The police boss, who was responding to complaints of incessant harassment of agents by policemen, pleaded that grievances of the agents be documented and forwarded to his office while copies should be sent to the Inspector-General of Police, Comptroller-General of Customs and the Assistant Comptroller-General of Customs Zone A for action.

    Some senior police officers, who attended the meeting, complained of being maltreated by port users prompting the police officers’aggressive reaction.

    Stakeholders at the meeting include the National President, Association of Nigerian Licensed Customs Agents (ANLCA), Prince Olayiwola Shittu; founder of the National Association of Government Approved Freight Forwarders (NAGAFF), Dr Boniface Aniebonam; Chairman, ANLCA Tin Can Chapter, Kayode Collins Farinto and Secretary, ANLCA Apapa Chapter, Olumide Fakanlu, among others.

  • NUPENG wants effective rail system

    NUPENG wants effective rail system

    The National Union of Petroleum and Natural Gas Workers (NUPENG) has advised the Federal Government to make rail transportation a priority.

    National President of the union, Mr Igwe Achese, told The Nation that rail is the best means of moving bulk products across the country.

    He said the carnage on the highways and the chaotic traffic jams in the cities were due to lack of effective rail networks.

    Achese said road transportation of petroleum products had caused lots of disasters and losses to petroleum products marketers.

    He said in 1960s and ‘70s the country had rail tankers that moved petroleum products from Port Harcourt to Kaduna.

    “It is the government’s responsibility to make sure that there is adequate infrastructure that is constantly maintained and expanded,” he said.

    Lagos State Governor Babatunde Raji Fashola had last December appealed for an efficient rail system to move petroleum products. He said most road accidents were caused by petroleum tankers.

  • NCRIB to check fake operators

    NCRIB to check fake operators

    The Nigerian Council of Registered Insurance Brokers (NCRIB) is taking steps to sanitise the sector, The Nation has learnt.

    Its National President, Mrs Laide Osijo, said the Council would send the list of genuine brokerage firms to clients to check fake operators.

    She said the council would also close registration for members on March 31, adding that by the first week of April, the list of members would be published.

    She said: “Our rule states that we should publish the list of members every year. I must not forget to commend the effort of the Commissioner for Insurance for his efforts in promoting the affairs of the council.

    “Our law says that registration with NCRIB is a requirement for licensing by NAICOM. Before this year, so many brokers have been going to NAICOM for registration, but since the beginning of this year, NAICOM has refused to give anybody licence if they did not have the NCRIB registration certificate. The Commissioner and his team have been doing a good job to ensure people comply with the rules.”

    The Council chief also said: “If a firm has a new chief executive, the person has to come to the council for us to check if he is fit to run the organisation. This is because the new executive would be held liable for anything that happened in the firm.

    “If an organisation changes its executive, it has to write to us and we would give it six months to present the executive for examination. If an operator failed to meet up with his financial obligations, his membership will lapse, that is also what NAICOM is doing.”

    She said members have been told to renew their membership before March 31, to avoid being sanctioned.

    On the proliferation of brokerage firms, the president said some of them were established to secure a particular business..

    She said the council has observed that some people just register a brokerage firm because they wanted to secure a business through their relatives, who can assist them.

    She noted that these individuals abandon the firms once they get the business. She added that some of the brokerage firms were also established because people wanted to be known as managing director.

    She said: “Instead of 10 people joining hands to form a strong firm, they want to be managing directors. We have always encouraged mergers and acquisition. If you have a formidable team, it is better than being alone.”

    She noted that the council is collaborating with the National Insurance Commission (NAICOM) to ensure that only genuine operators and professionals operate in the sector, adding that at the monent the council has to give approval before a firm is licensed by NAICOM.

    “The NCRIB law says that registration with NCRIB is requirement for licensing by NAICOM. Prior to last year, so many brokers do go to NAICOM, for registration but from last year, NAICOM has refused to give anybody licence if they did not have the NCRIB registration certificate. The Commissioner and his team have been doing a good job to ensure people comply with the rules,” she said.

    Stakeholders said any step taken by the council to sanitise the sector is welcome, adding that it would help curb unethical practices and enhance the industry’s performance.

  • Fed Govt to assist small businesses

    Fed Govt to assist small businesses

    The Federal Government is to assist small and growing businesses (SGBs) to promote regional private business ownership and global investments.

    To achieve this, the government has simplified the registration of SGBs at the Corporate Affairs Commission (CAC) and is set to increase their access to credit facilities.

    Minister of Trade and Investment, Olusegun Aganga, who stated this at the quarterly business networking for SGBs at the Pan African University, Lekki, Lagos, said the Federal Government has recognised SGBs as agents of growth and development of the economy.

    He said about 17.2 million SGBs have been identified in the country with about 32.4 million employees. He promised that the government would do everything possible to create the right environment to promote the sector.

    “So far, there are 17.2 million SGBs and 32.4 million people employed through these businesses. We are putting in place deliberate efforts to grow these numbers, if we must achieve the nation’s Vision 20:2020. Nigeria will do anything to create the right environment for valuing and promoting SGBs,” he said.

    He said the governement has concluded the review of the challenges affecting the sub-sector.

    “The Federal Government has done a review to know the economic constraints facing SGBs and is putting in place measures to upgrade them. Such measures include, online upgrade, easier registration with the Corporate Affairs Commission (CAC) and quicker access to credit facilities.

    ‘’The ministry will do all it can to help provide skill enhancement so that SGBs can add value by creating industries, help the nation to increase its foreign reserves and operate profitably and sustainably,’’ the minster assured.

    Chief Executive Officer, Etisalat Nigeria, Steven Evans, said ingenuity and innovation from small businesses are the driving force of a nation, adding that the telco was irrevocably committed to impelementing ideas that will spur growth and creativity.

    “Etisalat is committed to the implementation of ideas that will spur growth and creativity of small businesses, as innovation is key among its business pillars. As we all know, the lifeblood of any nation is innovation drawn from entrepreneurs.

    “Our effort to foster innovation led to the launch of the Etisalat Prize for Innovation, where the Best Product or Service and Best Idea in Broadband were picked from over 100 applicants. The vision has also stimulated a partnership with the EDC on several projects including Global Entrepreneurship Week (GEW) and the development of the SME Toolkit,” Evans explained.

    To the young entrepreneurs, he said, “As budding entrepreneurs, you must be proactive and confident because entrepreneurship is all about seizing opportunities to make a successful business.’’

     

     

     

     

  • ‘Solar energy now the way to go’

    ‘Solar energy now the way to go’

    The prediction is scary. In 50 years, some experts have said, the country’s oil reserve will dry up. Can anything be done to remedy the situation? Yes, says Managing Director, Sovereign Solar Energy Ltd, Dr Felix El-Schaeddhaei, in this interview with TOBA AGBOOLA. He advises that Nigeria to pay more attention to renewable energy, saying solar energy has the capacity to solve Nigeria’s power problem.

     

    Do you think solar energy can solve power challenges in the country?

    Sure, it will. The power problem is borne out of the shortsightedness of policy makers. Without vision the people suffer. The government should promote and fund the development of solar industry in Nigeria.

    The demand on the Power Holding Company of Nigeria (PHCN), domestically, publicly and industrially, is so huge that it needs to triple its capacity to meet up. With the development of an alternative energy sector, residential and public energy consumption can be eliminated thus increasing energy at the disposal of industries for economic growth.

    Public places, offices, streetlights, agricultural settlements, poultry farms and residences can all be solar-powered thus leaving manufacturing industries to have the much-needed power to run their plants.

    Spain is one of the most advanced countries in the development of solar energy, and one of the European countries with the most hours of sunshine. In 2008, the Spanish government committed to achieving a target of 12 per cent of energy from renewable energy by 2010 and by 2020 expects the installed solar generating capacity of 10,000 megawatts (MW). Total solar power in Spain was 3.859 GW by the end of 2010 and solar energy produced 6.9 terawatt-hours (TW·h), covering 2.7 per cent of the electricity demand in 2010. By the end of 2011, 4.214 GW had been installed, and that year, 7.912 TWh of electricity was produced.

    Through a ministerial ruling in March 2004, the Spanish government removed economic barriers to the connection of renewable energy technologies to the electricity grid. The Royal Decree 436/2004 equalised conditions for large-scale solar thermal and photovoltaic plants and guaranteed feed-in tariff. This singular act promoted solar development and application nationwide.

    With adequate public enlightenment and education, Nigeria can make its energy problems history.

    For instance, the privatisation by the Federal Government is a welcome development. However, this alone cannot alleviate the power problem facing Nigeria. There is need for all facets of the sector to embrace adequate planning, setting of achievable targets, investment in alternative sources of energy, and accountability.

    Are Nigerians responsive to solar energy adoption?

    Most Nigerians don’t understand the concept of using the sun to generate electricity. We at Sovereign Solar Energy Power are working to create public awareness of the technology and how it can be easily deployed to the populace.

    We are willing to delve into the private sector; we want to address that lack of confidence in people when it comes to solar power. I have talked to a number of people who said that solar does’t work in Lagos, but the truth of the matter is that the amount of sunlight emanating from Nigeria is greater than what Germany and the United States have.

    Germany is the leading country when it comes to solar usage, so there is no reason solar cannot work in Nigeria. It is all about proper implementation to ensure that it works in different localities in the country.

    Can it be used by big industries?

    Of course! By Febuary 22, last year, the Chattanooga Airport had saved 90,000 kilowatt-hours of power since installing a 4.5-acre solar farm in December 2011. Spain is producing solar power in terawatt-hours and we have the Sahara Desert with enormous solar resources wasting away everyday. We have more than enough solar power resources to power all our industries if fossil fuel energy source fails.

    The earlier we embark on renewable energy development in Nigeria, the better the chances of our rapid economic advancement.

    What can be done to encourage the adoption of solar technology?

    First, we need to understand that solar can work in Nigeria. I have heard from a lot of people that solar power cannot work in some states.We are blessed with more sunlight than leading solar user countries. Having clarified that as a technology in its infancy, adequate awareness/education is key in encouraging solar adoption.

    Many people either haven’t heard of solar or are not convinced of its potential. Some see the huge capital investment cost as a major deterrent, but proper education, including fact-based report, such as cost benefits analysis will go a long way in combating such fear.

    Does government have any role to play in this regard?

    It is the major player.The government needs to create incentive/subsidy package to encourage the early players in the industry. This could be in form of solar import tax rebates, net metering packages, etc.

    What are your challenges in doing business in Nigeria?

    Nigerians are generally scared of change. To achieve change, we have to give up a lot of things. For instance, it has been hard convincing people to ditch their generating sets for a hazard-free hybrid system. In our line of business, it is a continual process educating the people on the advantages of a green economy. Patience has been our key word as we continually strive to light up Nigeria.

    Are you facing challenges at all?

    Our major challenge is subsidy from the government because solar technology is very expensive as much as its products.Although the price of solar panel is dropping, we hope it drops to the level of one dollar per watt, then we will surely compete favourably with the power generated by other means.

    Another problem is that we don’t have a single company producing batteries in Nigeria. All the solar batteries are imported, so we need a company producing battery so that the cost will be reduced.

    In other countries, solar is subsidised by the government, but here there is no form of subsidy, the end user pays for everything and that’s why it is expensive. Just like petroleum subsidy, there should also be subsidy for solar, which is even more environmental friendly. It doesn’t have any form of environmental pollution. Its only impact is that it covers space. Maybe the space that would have been used for agriculture is now used for solar lighting or to fix solar panels. If we want to address that issue, we will find out that there are lots of virgin land not used for agriculture; such land can be used.

    How cost-effective is it?

    I have had people coming in to make enquiries. At that time, some of our portable 500W solar generators were selling for N90,000. A particular gentleman said he would rather stick to his “I better pass my neighbour”generator because it only costs him a mere N300 fuel to run each day. When I analysed for him that he is spending an average of N9,000 per month and that he would have spent N90,000 worth of fuel in 10 months, he bought the solar generator – seeing that he would save a lot of money in the long run.

    The same applies to larger solar systems for homes and public places. The initial outlay may appear enormous, but huge savings will be realised for many years thereafter, justifying the investment in the first place.

    What is the lifespan?

    The average lifespan of the solar system is 20 to 25 years, however, the batteries’ efficient life is usually three to five years when they are due for renewal.

    When there is no light, how does it work?

    In majority of cases, the solar system will continue to provide power from its energy store for an average of three days. However, because the efficiency of newly developed thin film silicon cells used in building solar panels is high, it has the capability to start harnessing power from the sun at day break without direct sunshine.

    A combination of factors, for example, the intensity of rays of the sun, the panel’s wattage size and efficiency, the inverter and regulator efficacy and adequacy of battery bank will determine how long the system will work assuming there is total darkness.

    How much maintenance does one need?

    All things being equal, the system is maintenance free over its life expectancy of 20-25 years with the exception of course, the battery bank, which needs renewing within three to five years.

    Where do you see Nigeria in the next 10 years as regards solar power?

    Where Nigeria will be depends on a number of factors which include: successive government policy vis-à-vis renewable energy; how much public awareness is created in relation to renewable energy; individuals and organisations’ drive to find alternative energy source in solar power; price of the component parts of solar system and the state of the economy

    What is solar power and why is it efficient?

    A photovoltaic panel (or solar panel) is a packaged interconnected assembly of photovoltaic cells, also known as solar cells. They are used as components in a larger solar system to provide electricity for civil, commercial and residential applications. The solar system harnesses energy from the sun, and converts it into energy that can be used for multiple practical applications.

    Solar technology provides environmental and social advantages over other energy sources. Some of the advantages are low energy costs. The sun provides solar radiation for free. It has low maintenance: Fewer moveable parts means fewer parts can break. No emissions. Solar lighting does not contribute to global warming. Besides, solar solutions continue working even if there is power cut.

    Can you tell us about your products and how they are doing in the market?

    Our solar products are designed and constantly redesigned with end-consumers such as individuals, domestic, community, commercial and public in mind. This is reflected in the variety of products developed over the years – from solar key-ring flashlight, to all-in-one solar streetlight, solar generator and solar home systems to mention a few.

    We are sensitive to the need for constant power supply if meaningful economic development and growth are to be achieved by individuals, entrepreneurs, society and the nation.

    We acknowledge that power supply on the African continent is grossly inadequate. This invariably affects every aspect of human endeavour and development – private, public, commerce and industry.

    Our policy decision to establish our first African outlet in Nigeria was based on huge economic resource potential available that will be enhanced by renewable energy supply.

    We have carried out remote installations in Nyanya in the outskirts of Abuja as well as home installations in Lagos (Maryland), Nasarawa State (Karu Court, Mararaba) and in Ibadan (Ologuneru area), Oyo State.

    Is Nigeria ripe for this technology?

    The bane of the nation’s economic advancement is deficiency and inefficiency in power generation and distribution.This is a nation wallowing in poverty in the midst of plenty.

    Nigeria is blessed with huge natural and human resources in the energy sector and scientific field. No nation will ever be described as ripe for technological growth.

    Technological advancement for any nation is synonymous to a child learning to sit, crawl, stand, taking the first steps and becoming unstoppable in walking and running.

    It is not a question of whether or not Nigeria is ripe for solar energy technology, but a question of resource recognition, development and management. The most important aspect of the solar energy technology is the sun, which is a major player and raw material. Nigeria has no excuse since at the dawn of each day, the creator has covenanted that solar energy be made available unhindered. All that is left for our policy makers is to make available the component parts by promoting their localised productions. Nigeria needs to start from somewhere; somehow, otherwise she will never be ready for solar technological development. The starting-point will be hands-on research projects working in co-operation with technologically advanced nations, such as USA, India, China or South Korea.

    The Federal Government has to key into the advancements made in solar energy. This will enable the government to provide cost-effective rural electrification with positive environmental impacts.

    Although Nigeria needs adequate supply of energy to drive its economy and power its domestic, economic, technological and social sectors, it has been difficult to meet the energy needs of the citizenry by successive governments.

    Nigeria is blessed with a variety of energy sources in abundance. It has fossil energy, such as crude oil, natural gas and coal, and renewable energy resources such as solar, wind, biomass, biogas, and so on. Nigeria’s oil reserve is predicted to be exhausted before the next 50 years, thus it is imperative to pay more attention to renewable energy sources.

    By using solar photovoltaic panels of only five per cent efficiency, the country could generate close to 600,000mw, from only one per cent of its land area.

    Renewable energy is always available on cyclic basis, and can never be exhausted, unlike the conventional energy of oil, coal and gas.

    As long as there is life in us, solar energy will always be there, everyday.When the sun comes up, solar energy is available.We also have wind as a renewable energy. Wind arises as a result of extra-terrestrial solar heating of the air masses in the extra-terrestrial space; leading to pressure differences, manifesting in the flow of air.

    We can also tap significant amount of energy from wind. Hydropower is also available from cyclic activities of the rainy reason. Rivers are there and we can tap. We also have biomass – biofuels; they are all part of renewable energy. They are always available on cyclic basis.

    If we can learn from Germany and Japan and tailor various Nigerian market specific programmes aimed at reducing the cost of solar power systems, we will be able to support the growth of the solar industry.

     

     

     

     

    Can you tell us about your company, Sovereign Solar Energy?

    Sovereign Solar Energy Technology Limited is in the business of solar system research, design and development, production, marketing, installation and maintenance services.

    The company’s head office is in England with branches in the Federal Capital Territory Abuja and Lagos. Our main areas of specialisation are in systems design, production and installation of street, community and residential renewable power needs. We have been engaged mainly in home systems installations and other consumable solar power products such as laptop and phone chargers, table and flashlights, lanterns, rechargeable fans and fence lamps to mention a few here in Nigeria.

    The company has grown over the past five years to become a force to reckon with in the renewable energy sector in Europe. It has acquired a leading edge technology to produce user-friendly personal and domestic solar consumable products and commercial solar products with hassle-free installations.

    The company has the necessary infrastructure and know-how to achieve its objectives and complete its projects ahead of schedule in most cases while maintaining high standards of quality control as its benchmark.

    The company was established to alleviate problems in two fronts – environment – to do our bit in reducing global warming, and to contribute to accelerated economic advancement through regular power supply.

    We are committed to providing power to whosoever may be in need of it – school pupils and students ( for their home-work/assignment) farmers in the remote locations where there is no form of power supply as well as small entrepreneurs.

  • 40 broking firms, others get PenCom certificates

    Six insurance companies and 40 broking firms were among the 74 companies that received the National Pension Commission (PenCom) compliance certificates last year.

    In a statement, the commission said only 74 companies, which include, Creed Insurance Brokers Limited, Leadway Assurance Plc, and Lasaco Life Company met the requirement for the certificates by January 4, this year.

    The Pension Reform Act (PRA) 2004, made it compulsory for companies seeking government business to present certificates of compliance, which indicate that they are meeting the regulation on staff pension contributions.

    The PRA 2004 also mandates employers with minimum of five staff to subscribe to the new pension scheme.

    To ensure enforcement of the law, the commission said employers who fail to remit their pension contributions would pay two per cent surcharge, two weeks after deductions have been made by them.

    PenCom noted that employers are to remit employees contributions not later than seven working days from the day salary is paid, adding that if the default persists after three months, one per cent of the outstanding would be paid to the commission.

    The commission said it would sue defaulters if violation persists, adding that employers who refused to give access to information about their staff would pay a fine not more that N200,000 and that every false or misleading information would attract N100,000 fine daily for the duration of the the offence.

    It said any employer, who coerces employees to open RSA with Pension Fund Administrator (PFA) that is not their choice, would pay N1,000 after three months per employee for every month of violation.

    The commission is seeking leave of the attorney-general of the Federation to institute criminal proceedings against employers who refused to remit pension contributions

    PenCom called for the amendment of Section 11(7) of the PRA 2004, stressing that the provision ihas some limitations.

  • Dana Air crash: Lawyers accuse Prestige, others of laxity

    A firm of solicitors and legal consultants, M.O. Awoyemi & Co , has accused Prestige Assurance PLC of neglecting the family members of those who died in the Dana Air crash in June, last year.

    The firm, which represents 40 families, who died in the crash, said the insurance firm refused to pay its clients the mandatory $30,000 claims as stipulated by international law, seven months after the crash.

    In a statement made available to The Nation and signed by its Managing Partner, Dr Bunmi Awoyemi, the law firm accused Prestige Assurance and its reinsurers, Pritchard Insurance Limited/Lloyd’s of London, of not caring for the family members of the crash victims.

    He said of the 40 families, only 13 have been paid the $30,000 each.

    He said out of the over 150 victims involved in the crash, only 80 of their family members have been compensated, adding that many of them include families, who lost more than one member. For such families, most of them were paid $30,000 per family, instead of the mandatory $30,000 per victim.

    He said the insurer and re-insurers deliberately want to postpone the amount to be included with the balance of $70,000 they are offering to make victims family members sign-off their rights to a law suit.

    He said: “They are doing this despite the fact that the Civil Aviation Act makes the payment of $30,000 per victim mandatory and payable within 30 days of any air crash.

    ”This wicked and callous action is being perpetrated by Prestige Assurance PLC and its re-insurer of 70 percent of the risk, Pritchard Insurance Limited/Lloyd’s of London, who have instructed their solicitors to pay only $30,000 per family, which explains why the Oyosoro’s and Ibe’s were each paid $30,000 instead of $60,000 despite the fact that they each lost two family members each. As of today, only one more of our remaining clients has been paid.”

    Awoyemi condemned the Aviation Minister and the Nigeria Civil Aviation Authority (NCAA) for allowing Dana Air to resume operationswhen it has not paid compensation.

    He said: ”One hundred and sixty lives were lost; many of the relatives of the dead are still dealing with the issues arising from the death of their family members. In fact, some are yet to pick up the bodies of their dead relatives; while some family members only got body parts, others are yet to find the bodies of their relatives because their bodies were incinerated.

    He said based on his earlier petition to the Aviation Committees of the Senate and the House of Representatives, a report recommending the withdrawal of Dana Airlines operating licence for a number of reasons, including the fact that they were yet to pay proper compensation to the victims of the crash was issued.

    Furthermore, the House of Representatives passed a resolution adopting the recommendations of these Committees and called on the Minister of Aviation to implement the recommendations.

    “I am shocked that the Minister of Aviation still went ahead to write Dana Airlines authorising their resumption of flight in defiance of the recommendations of the report of the Joint Aviation Committees of both the Senate and House of Representatives and in defiance of the resolutions of the House of Representatives.”

    Awoyemi said what Dana and Prestige Assurance are doing in Nigeria cannot be tolerated in any other country. He called on the Federal Government and well-meaning Nigerians to warnDana and Prestige Assurance to respect Nigerians.

    However, the Managing Director of Prestige Assurance Plc, Annand Mittal, denied the allegation. He said as soon as they receive the advice to pay, they would pay others.

    He said the decision to pay comes from Dana Air management through their lawyers.

    Mittal said, to date, they have paid 80 victims the mandatory 30 per cent, adding that the balance would be paid by Re-insurers, Pritchard Insurance limited and Lloyds of London.

    He added that it is not their responsibility to determine who to pay, but that of Dana Management.

  • CIIN advises firms on staff training

    INSURANCE firms have been advised to raise their training budgets to prepare their staff for increased productivity and the challenges ahead.

    The President, Chartered Insurance Institute of Nigeria (CIIN), Dr. Wole Adetimehin, said underwriters and brokers have assured of improved budget on staff training, adding that they have realised that the best assets is their human capital.

    He noted that the CIIN management had engaged the operators on the need to see the institute as theirs, adding that the body has continued to find ways of enhancing the human capital of the industry.

    Adetimehin said over the years, most companies reduced their budgets for training.

    He said: “I suspect that the budget for training has been falling. I do not have the figures, but I suspect that there have been some scaling down of budget for training over the years. This is a major challenge.

    He said members of the industry were getting the best on training from the institute, stressing that operators are encouraged to seek knowledge from every reputable sources to develop and re-develop themselves.

    He said for the industry operators to remain relevant, they must seek and get adequate training.