Search NaijaAgroNet

Showing posts with label Niger Delta. Show all posts
Showing posts with label Niger Delta. Show all posts

Monday, February 19, 2018

Energy impact investor All On seals 3 off-grid investments for Niger Delta

The Nigerian off-grid energy investment company, All On, has closed a financial deal with three firms for accelerated access to affordable and sustainable energy sources in the Niger Delta, reports NaijaAgroNet.

Chief Executive Officer of All On, Dr. Boer Wiebe, made this known to NaijaAgroNet at the weekend, saying it follows the equity investment made in 2017 to Nigeria Solar Home System market leader, Lumos Global BV, in the form of a debt facility to facilitate a quick rollout in the Niger Delta. 

"All On is also providing equity and debt to Port Harcourt based Green Village Electricity (GVE), Nigeria’s leading mini-grid player, for expansion in the Niger Delta and across Nigeria, while ColdHubs is receiving a convertible debt facility to expand its solar-powered marketplace cold storage business to new markets in the region," Wiebe said.

These developments, NaijaAgroNet gathered are coming barely three months after All-On announced its first set of transactions in Nigeria’s off-grid market, and two months after the firm and U.S. Africa Development Foundation (USADF) announced a $3 million partnership to expand access to energy for underserved and unserved markets in Nigeria.

“The investments made in these energy solution providers further demonstrate our firm belief that off-grid energy is indispensable in the improvement of Nigeria’s energy narrative. It therefore deserves adequate attention and financial backing from both the public and private sectors.” Dr. Boer said.

Commenting, Lumos’s CEO Davidi Vortman, said: “This debt facility from All On both cements the strategic relationship between our two companies and goes a long way towards significantly accelerating the speed of penetration of Lumos Solar Home Systems in the Niger Delta region. All On has established itself as a leader in off grid energy in Nigeria and we are therefore excited to work with All On to enhance energy access for Nigerians in the Niger Delta and across the country.”

ColdHubs CEO, Nnaemeka Ikegwuonu, described the investment as a demonstration of All On’s commitment beyond simply addressing the access to energy gap, to harnessing innovative renewable energy solutions for the preservation of perishable foods. “This support by All On will enable Cold Hubs to further refine its business model to help improve the livelihoods of people and enhance food security in the Niger Delta,” he said.

In his reaction to the financial close, Managing Director of GVE, Ifeanyi Orajaka, said: "We at GVE are excited about this relationship with All On. An investment from a world-class organisation such as All On further validates our position as one of the leading and most innovative indigenous clean energy solutions providers in Sub-Saharan Africa.”

All On, an independent impact investing company, was seeded with funding from Shell, and works with partners to increase access to commercial energy products and services for under-served and un-served off-grid energy markets in Nigeria, with a special focus on the Niger Delta.

Isaac Oyimah/GEE
.
.. Linking agrobiz, sustainable environs, people & technology

Saturday, July 18, 2015

Cooperative society targets 150,000 jobs in agric sector


NaijaAgroNet
A cooperative society, Reality International, with base in Niger Delta said it has plans to create about 150,000 jobs to tackle unemployment and create an agro-based economy, reports NaijaAgroNet.

The Leader of the group, Prince Thankgod Njoku Ezenwata disclosed this at the maiden edition of its demonstration farm at Rumuodomaya in Port Harcourt. He stated that the programme which would begin in the Niger Delta would be replicated across the country within a period of three years.

The Reality International draws its membership across the Niger Delta region and aims at using agriculture to correct social vices occasioned by unemployment in the country and redirect the government policy towards agro based economy.

Ezenwata, NaijaAgroNet gathered, said the group is working in partnership with the Federal Ministry of Agriculture in the area of assistance to create jobs for Nigeriansto assist it access the agricultural development loan to enable its members develop their farms and pay back within a stipulated time.

"A lot has been said about agriculture in Nigeria. Some said it is dead while others say it is still alive. Whatever the case maybe, it is irrelevant, what matters most is the way forward and that is the main focus of our group. What government at both state and federal levels need do is to improve the standard of agriculture in Nigeria. The availability of accessible roads and transport system is a necessity for agriculture to thrive in Niagara,” he said.

Cyriacus Nnaji/GEE

... Linking agrobiz, sustainable environs, people & technology

Saturday, May 9, 2015

Niger Delta: 2,200 youths gain skills






Over 2,200 youths in the Niger Delta region of Nigeria have been empowered in various skills. This revelation was made recently by the Minister of Niger Delta Affairs, Dr. Steve Oru, NaijaAgroNet
reports.
He stated that under the Goodluck Jonathan’s administration non-militant youths in the region have acquired various skills."Mr. President has been so passionate about the people in the Niger Delta region. It is on the strength of his transformation initiative that the ministry has made progress so far."

Dr. Oru said the youths were trained in oil and gas, agriculture, maritime, seafarers, engineering, information and communications technology (ICT) as well as iPad and telephone assembly, adding that the trainees were all drawn from the nine states of Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo, and Rivers.

In an interview with the News Agency of Nigeria (NAN) and monitored by NaijaAgroNet, Oru explained that the training and empowerment programmes for youths in the region was a continuous exercise.

NaijaAgroNet also gathered that the ministry's skills acquisition centres in the nine oil producing states of the Niger Delta region were near completion even though fund is a major challenge but that efforts were being made to bring all the centres on stream.

"The centre in Akwa Ibom and Delta states would concentrate on oil and gas, ICT and maritime studies.The centres in Abia and Imo will train youths in commerce, the one in Cross River is on entertainment and tourism while the Ondo skills acquisition centre will focus on agriculture.

Cyriacus Nnaji/ED,OPs

... Linking agrobiz, sustainable environs, people & technology