Business
How Inadequate Gas Supply Frustrates Nigeria’s NIPP Initiative – Owan
Former chairman of the Nigerian Electricity Regulatory Commission (NERC), and managing director of Aiteo Power and Gas Dr. Ransom Owan has lamented that inadequate gas supply to thermal power stations is frustrating reform in the sector.
Owan who spoke at the West African Power Industry Convention (WAPIC) conference in Lagos said that the privatisation of ten power stations built under the National Integrated Power Project (NIPP) has been stalled due to irregular gas supply.
He said the federal government could generate up to $5.6 billion in the sale of the power plants, but pointed out that “lack of gas is stalling the deals.”
The first phase of the NIPP project was designed to generate 4,771 megawatts from the ten gas-fired power stations with committed investment to date from the federal, state and local governments in the Niger Delta Power Holding Company (NDPHC) and NIPP amounting to $8.475 billion.
A Status Report presented to the 31st meeting of the Board of Directors of the NDPHC held on April 17, 2015, showed that six out of the ten power stations are ready to generate 2,910.1 megawatts of electricity, subject to availability of gas to the plants.
The report identified the six NIPP power plants, which are already adding power to the national grid.
A breakdown of the generating capacities of these plants showed that the 562.5 megawatt-capacity Calabar Power Station built by Marubeni is now generating 112.5 megawatts; 451mw-capacity Ihovbor Power Plant in Edo State is generating 225 megawatt.
Also, the 451mw-capacity Sapele Power Station built by Marubeni is currently generates 112.5mw.
Others include 450 mw-capacity Olorunsogo Power Station in Ogun State, which generates 225megawatts, 450 megawatt-capacity Omotosho Power Station in Okitipupa Local Government Area of Ondo State which generates 225 megawatts and 434.1mw-capacity Geregu Power Station in Kogi State, which generates 289.4 megawatts.
The report also disclosed that there are no committed gas supplies for Geregu and Ihovbor.
The National Economic Council (NEC) under the former administration had since approved that each of the generation stations be incorporated as a limited liability company with 80 per cent of their shares offered for sale to private investors.
However, the privatisation of the ten plants, scheduled for completion mid last year has suffered setbacks due to inadequate gas to test-run completed ones.
Business
AEDC Reconnects FCT Water Board, Restoring Water Supply, Gives Reason for Disconnection
AEDC Reconnects FCT Water Board, Restoring Water Supply, Gives Reason for Disconnection
The Abuja Electricity Distribution Plc. (AEDC) acknowledges the concerns and spirited appeals from residents of the Federal Capital Territory following the disruption to water supply arising from the recent disconnection of electricity to the FCT Water Board over unpaid electricity bill.
AEDC wishes to clarify that the disconnection followed the accumulation of over one year of outstanding electricity debt by the FCT Water Board, despite several notices, engagements and opportunities provided to regularise the account, in line with applicable regulatory provisions.
However, in recognition of the critical importance of water supply to public health and community wellbeing, and following widespread concerns expressed by residents, the Acting Managing Director/Chief Executive Officer of AEDC, Engr. Chijioke Okwuokenye, has directed the immediate reconnection of electricity supply to the FCT Water Board, in order to enable the prompt restoration of water services across affected areas of the FCT.
This decision underscores AEDC’s commitment to the welfare of the communities it serves and reflects the company’s belief that access to essential services must be safeguarded, particularly where public health and safety are concerned.
The reconnection is, however, granted on a conditional basis. AEDC has formally issued the FCT Water Board a two-week timeline within which to present and begin implementing a credible payment plan towards the settlement of its outstanding electricity obligations.
While AEDC remains open to engagement and collaborative solutions, it must be stated that failure to meet this obligation within the stipulated period will regrettably leave the company with no alternative but to reapply service disconnection, in accordance with regulatory guidelines.
AEDC reiterates that disconnection remains a measure of last resort and assures residents of its continued commitment to transparent engagement, regulatory compliance and the delivery of sustainable electricity services in the Federal Capital Territory.
Business
Adron Homes Sets Strategic Direction for 2026 at National Business Convention
Adron Homes Sets Strategic Direction for 2026 at National Business Convention
Adron Homes has officially commenced its 2026 National Business Convention, themed “Breaking New Grounds, Beyond and Above 2.0,” reaffirming its commitment to innovation, growth, and leadership in Nigeria’s real estate sector.
The convention opened with a strategic address by the Chairman/Group CEO, Sir Aare Adetola Emmanuelking, who charged executives and managers across the organization to sustain excellence, embrace innovation, and drive sustainable expansion as Adron Homes strengthens its footprint nationwide.
Bringing together top executives, directors, and managers from across the country, the convention serves as a platform for strategic alignment, performance reviews, and planning for the 2026 business year.
At the session, the Executive Vice Chairman, Olori Aderonke Emmanuelking, presented the company’s overarching 2026 budget framework, outlining key growth priorities, operational benchmarks, and financial expectations designed to enhance efficiency and long-term value creation. The presentation underscored Adron Homes’ focus on disciplined planning and scalable impact.
Directors from various directorates also presented their 2026 budget proposals, highlighting expansion opportunities, operational optimization, and cross-functional collaboration to exceed previous performance milestones and deliver enhanced value to clients.
Participants described the discussions as insightful and energizing, noting the convention’s role in strengthening leadership engagement and reinforcing a unified growth vision across the organization.
Beyond budget deliberations, the convention features strategic training sessions led by senior executives to boost leadership capacity, operational effectiveness, and organizational readiness for the year ahead.
As “Breaking New Grounds, Beyond and Above 2.0” unfolds, Adron Homes continues to reinforce its brand as a forward-thinking real estate developer committed to innovation, sustainable growth, and transformative impact in Nigeria.
Business
U.S. Tech Powerhouse Joe Lonsdale Pumps $11.7M into Nigerian Defence Drone Startup and A Strategic Turning Point for African Security and Innovation
U.S. Tech Powerhouse Joe Lonsdale Pumps $11.7M into Nigerian Defence Drone Startup and A Strategic Turning Point for African Security and Innovation.
By George Omagbemi Sylvester | Published by saharaweeklyng.com
“How Terra Industries, Led by Gen-Z Founders, Aims to Secure Africa’s Critical Infrastructure with Homegrown Autonomous Systems.”
In a landmark development that could reshape Africa’s security technology landscape, American tech billionaire and Trump ally Joe Lonsdale has led a significant $11.7 to 11.8 million funding round into a Nigerian defence technology startup, Terra Industries (formerly Terrahaptix). The investment round, led by Lonsdale’s venture capital firm 8VC, marks one of the largest ventures into Africa’s nascent defence tech sector and signals growing global investor confidence in African innovation grounded in real security challenges.
This strategic infusion of capital has immediate geopolitical, economic and technological implications, but not just for Nigeria but for the entire African continent. It offers hope that African nations can one day escape dependence on foreign military hardware by developing homegrown capabilities tailored to local realities.
Terra Industries: A Homegrown Response to African Security Needs.
Founded in 2024 by two young Nigerian entrepreneurs, Nathan Nwachuku (22) and Maxwell Maduka (24), Terra Industries is more than just a drone maker. Based in Abuja, the company develops and manufactures sophisticated autonomous systems (including long-range and mid-range drones, autonomous sentry towers and (UGVs) unmanned ground vehicles) designed to enhance surveillance, threat detection and response in areas where traditional security forces are overstretched.
According to official statements, Terra’s systems are already deployed to protect critical infrastructure valued at an estimated $11 billion, including hydropower plants in Nigeria and mining operations (gold and lithium) in Ghana. These are facilities that form the backbone of industrial expansion across West Africa but are increasingly vulnerable to insurgent attacks, sabotage and theft.
Terra’s mission encapsulates a pivotal shift: “to give Africa the technological edge needed for resource protection and counterterrorism,” co-founder Nwachuku emphasized, underscoring the urgency of addressing insecurity if economic progress is to endure.
Joe Lonsdale and 8VC: Strategic Capital Meets African Security Tech.
Joe Lonsdale, co-founder of Palantir Technologies and founder of 8VC, has long been a driving force in the global defence-tech ecosystem. His involvement in Terra’s funding round highlights a new frontier: Africa’s security challenges as a technology market.
8VC’s broad investor base in this round includes heavyweight venture firms such as Valor Equity Partners, Lux Capital, SV Angel, Leblon Capital GmbH, Silent Ventures LLC, Nova Global and angel investor Meyer Malka. As noted by multiple reports, Alex Moore (a partner at 8VC and a non-executive director at Palantir) has also joined Terra’s board, signaling a deep and sustained commitment beyond mere capital.
This backing places Terra in an elite category of high-potential defence startups at a time when global investors are increasingly targeting deep tech and sovereign security solutions. According to TechCabal, Terra’s seed round “sets it apart from a wave of smaller regional players” and signals rapid growth in investor confidence in organisations that offer scalable hardware and software defence solutions.
In the words of a respected global security analyst, “Investment in Africa’s defence tech is a defining moment, where necessity intersects with innovation. Investors today recognise that insecurity is not just a social problem but an economic barrier that tech can help dismantle.”
Why This Investment Matters: Africa’s Insecurity Landscape.
Africa’s security environment has deteriorated sharply in recent years, especially across the Sahel and West Africa. Extremist groups, including factions linked to Islamic State and al-Qaeda, have expanded operations from Mali through Burkina Faso to Nigeria. Governments struggle with stretched security forces, limited budgets and vast terrains that are difficult to monitor using conventional methods.
In this context, autonomous systems (drones, sensors, and networked defence platforms) can play a decisive role in deterrence, early warning and operational response. According to defence industry expert Dr. Marcus Rockefeller, “Autonomous technologies are the force multipliers of the 21st century. They allow nations with limited manpower to monitor vast areas, respond faster and reduce human risk in dangerous environments.”
Terra’s focus on integrating hardware and software into a comprehensive platform (reportedly including an operating system known as ArtemisOS) creates a sophisticated, unified battlefield picture that security forces can leverage in real time. This approach mirrors trends in Western defence tech but is uniquely tailored to African terrains and threats.
The Implications for Nigeria’s Industrial and Security Policy.
Nigeria, Africa’s largest economy, has long battled domestic and regional security threats, from Boko Haram and ISWAP in the northeast to banditry in the northwest. Despite decades of military spending, reliance on imported hardware and foreign training programmes, substantive progress has been elusive.
Terra’s rise signals a potent alternative: local innovation forging local solutions. As the World Bank notes, investment in technology and infrastructure resilience is essential for sustainable growth. Local manufacturing (especially in high-tech sectors) boosts job creation, builds technical ecosystems, and reduces dependency on external suppliers.
Professor Nkechi Onyema, an expert in African industrial development, observes: “When young Africans solve African problems, the solutions are not just technologically sound but contextually relevant. This is the moment Africa needs an era where we do not just import defence tech but pioneer it.”
What’s Next: Scaling, Security and Global Partnerships.
The new funding will be directed toward expanding manufacturing capacity, deepening Terra’s software capabilities, and supporting broader cross-border security and counter-terrorism deployments across Africa. Terra has signaled its ambition to become Africa’s first true defence prime which is a company capable of serving governments, infrastructure operators and strategic partners with scalable, sovereign technology.
Analysts say this model could reduce Africa’s reliance on foreign defence contractors and a dependency that historically left African governments beholden to external geopolitical interests.
Yet challenges remain: ensuring ethical use of autonomous systems, regulatory frameworks across multiple jurisdictions and balancing defence and civil liberties remain complex. Still, as African security landscapes evolve, the need for smart, local and scalable solutions is undeniable.
Final Take.
Joe Lonsdale’s investment in Terra Industries is more than a financial transaction, though it is a strategic vote of confidence in Africa’s capacity to lead technologically in the face of its greatest security challenges. It is a call to action for governments, private sector partners and young innovators across the continent to unite around a shared vision: security forged with African ingenuity and global collaboration.
In the words of Terra co-founder Nathan Nwachuku, “The future of African security must be shaped by Africans. We are determined to lead that future with solutions that are powerful, affordable and built for us.”
This pivotal moment is not just about drones. It is about Africa asserting technological sovereignty and a future where African defence innovation stands shoulder-to-shoulder with the world’s best.
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