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FG commissions 3MW hybrid mini-grid project in Abuja varsity

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The Federal Government of Nigeria commissioned a three-megawatt hybrid mini-grid project and a Renewable Energy Workshop and Training Centre at Yakubu Gowon University (formerly University of Abuja) on Wednesday.

The project was commissioned under Phase 2 of the Energising Education Programme (EEP), which encompasses seven universities and two teaching hospitals, including institutions in Maiduguri and Calabar. The initiative is currently in the implementation stage of Phase 3.

The Yakubu Gowon University installation features a 3.3 MWp solar array with 3MW of AC output capacity and 2 MWh of battery storage to support critical loads after solar hours. It also includes a dedicated grid connection to serve non-critical demand outside daylight periods.

Speaking at the commissioning ceremony, the Minister of Power, Joseph Tegbe, praised the Rural Electrification Agency (REA) Board, led by Ayodele Fayose, and its management, headed by Abba Abubakar Aliyu, for their leadership in driving sustained investments to improve Nigerians’ lives.

The minister commended the project, noting that it will benefit 58,726 students and that its 388 streetlights will enhance campus illumination and security.

He further observed that electrifying the university will strengthen research, reduce reliance on diesel generators, and ease pressure on institutional budgets.

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“This connection between infrastructure and human capability is central to President Bola Ahmed Tinubu’s Renewed Hope Agenda. Under his leadership, investment in electricity is being directed towards services and productive activities that improve people’s lives.”

“This sustained investment is a testament to this administration’s constancy of purpose. Continuing a national programme through successive phases, bringing projects to completion, and preparing the next phase reflects the discipline that development requires. For the young people who depend on these institutions, that continuity matters. It means that the commitment to their future remains active beyond any single project or ceremony,” he said.

Addressing the sustainability of the facility, the Minister urged students to take ownership of the infrastructure and report any acts of vandalism.

He also disclosed that the government is establishing a national call centre to receive and resolve electricity complaints nationwide.

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“The promise of this investment now places a responsibility on all of us to preserve it. I expect the student community to support our ongoing efforts to stem the tide of vandalism. I therefore charge all of you to report any such act whenever you see it, not just on this solar system, but on other power assets such as transformers and transmission towers.”

“My office is working on a call centre where electricity complaints across the country can be lodged and resolved. This initiative will provide sustainable job opportunities for our youth nationwide. In addition, we plan to provide a dedicated channel where vandalism of critical assets can be reported for immediate action and remediation. We are also working through a joint team of the Nigeria Police Force, the Nigeria Security and Civil Defence Corps, and the EFCC to curb the vandalism of electricity assets across the country,” the Minister added.

In his remarks, the Managing Director of the REA, Abba Aliyu, stated that the true value of the EEP lies not merely in megawatts but in functional laboratories, reduced budgetary pressure, and safer learning environments.

He charged the University governing council to ensure the project remains productive and beneficial to the University community long after the commissioning.

“Over the years, the EEP has taught us that when you build, you have to think about what happens five years from now and whether the investment will continue to create value into the future.”

“The Renewable Asset Management Company (RAMCO) is our solution. We must now become rigorous about asking how we protect and preserve the value of what we have built. RAMCO addresses this sustainability challenge. It recognises that building and managing infrastructure are two distinct responsibilities, and that modern renewable energy is decentralised. The Federal Government has created a platform to manage, monitor, maintain and optimise assets over time. RAMCO cannot survive alone; it requires the support of all stakeholders in shared stewardship. The ultimate value of this project will depend not only on what we have installed, but on how well it is sustained,” the REA MD said.

Mr Aliyu added that beyond the mini-grid, the agency established a Renewable Energy Workshop and Training Centre (WTC) to build local technical capacity.

READ ALSO: UPDATED: Tinubu renames University of Abuja after Yakubu Gowon

He encouraged the university to turn the facility into a research hub for distributed energy resources, challenging the institution to pioneer new academic courses, drive technological innovation, and push the technical boundaries of the installation.

He also revealed that the EEP has so far delivered over 100MW of power across 22 federal institutions and university teaching hospitals, while thanking the Minister for his continuous support in ensuring energy investments deliver tangible benefits to Nigerians.

Also speaking, the Vice-Chancellor of Yakubu Gowon University, Akinwunmi Fawehinmi, emphasised that the institution cannot effectively teach, conduct research, or provide a conducive learning environment without reliable electricity.

He praised the Federal Government for its coordinated intervention, stating that the project directly addresses the university’s energy needs, and pledged that the management will ensure the facility is fully utilised and meticulously maintained.

Commending the REA leadership, the Chairman of the Senate Committee on Power, Enyinnaya Abaribe, hailed Abba Aliyu for the project, noting that it is critical to improving the quality of education nationwide.

He also applauded the establishment of RAMCO, stating that sustainability is key to ensuring that projects continue to benefit Nigerians long after commissioning.


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Business

Seven things to know about the Dangote refinery IPO

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Dangote Petroleum Refinery has opened its initial public offer to investors. Here are the key details.

1. The company is seeking about ₦2.15 trillion

The offer comprises 4.1 billion ordinary shares priced at ₦525 each. If fully subscribed, it will raise approximately ₦2.15 trillion.

2. The offer runs for one month

The IPO opened on September 14, 2026, and is scheduled to close on October 13, 2026.

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3. Investors can start with ₦5,250

The minimum subscription is 10 shares. At ₦525 per share, eligible investors can participate with ₦5,250.

4. The IPO will broaden ownership of the refinery

Aliko Dangote described the transaction as an “IPO for the people.” Its low entry point is intended to give Nigerians across different income and professional groups an opportunity to own shares in the business.

5. The transaction could reshape Nigeria’s capital market

FCMB Group Chief Executive Ladi Balogun said the offer could strengthen the Nigerian Exchange and support its ambition to become Africa’s largest and most relevant capital market.

The transaction may also encourage other large African companies to raise capital and list their shares in Nigeria.

6. FCMB Group is participating in the transaction through three operating companies:

FCMB Capital Markets is a joint issuing house. CSL Stockbrokers is the stockbroker to the issue. First City Monument Bank is a receiving bank and distribution agent.

7. Qualified Investors and High Net Worth Individuals purchasing 50,000 shares and more, with a working stockbroking account should fill out the investor subscription form and credit their account of choice, sending both to FCMB Capital Markets at the following email address: [email protected]

8. Interested Retail investors with an FCMB bank account can subscribe to the DPRP IPO by following these steps: Log in to the FCMB Mobile App or visit website

Follow the prompts to the Dangote IPO subscription portal.

READ ALSO: Bamboo, Cowrywise down due to Dangote Refinery IPO subscription traffic

Select if you have a CSCS/CHN number.

If yes, fill in the number and follow the instructions.

If not, follow the prompts to open a trading account with CSL Stockbrokers, after which a code will be generated for you.

Ensure your FCMB bank account is sufficiently funded to cover your subscription and authorize the direct debit.

Investors without an FCMB bank account who want to participate in the DPRP IPO can visit the CSL portal to open a stockbroking account. Instructions for opening a bank account are available online.


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Linkage Assurance, DiasporaCare+, Insurance Protection, Nigerians Abroad, Diaspora

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Linkage Assurance Plc has formally unveiled DiasporaCare+, an innovative insurance solution designed to help Nigerians living abroad provide structured insurance protection for their , assets, liabilities and  valued interests back home.

The product was formally unveiled by the Managing Director/Chief Executive Officer of Linkage Assurance Plc, Mr. Daniel Braie, as part of the company’s broader strategy to deepen insurance penetration, expand access to protection and develop solutions around the evolving needs of Nigerians at home and abroad.

A Bridge Between the Diaspora and Home

DiasporaCare+ recognises a simple reality: while millions of Nigerians live and work outside the country, they continue to maintain strong family, financial and economic ties with Nigeria.

The solution therefore provides a dependable insurance framework through which Nigerians abroad can protect what matters to them at home.

Speaking at the unveiling, Mr. Daniel Braie, Managing Director/CEO of Linkage Assurance Plc, described DiasporaCare+ as an expression of the company’s commitment to customer-focused innovation and greater financial inclusion.

“DiasporaCare+ is about giving Nigerians abroad greater confidence that the people and interests they care about at home can have access to meaningful insurance protection. We are extending the value of insurance beyond geographical boundaries and providing a dependable bridge between our diaspora community and home.”

Four Solutions, One Protection Ecosystem

DiasporaCare+ brings together four complementary areas of protection, creating a broader insurance ecosystem around the needs of Nigerians in the diaspora and their connections at home.

The four components are:

1.Diaspaora Travel Insurance
Repatriation of mortal remains to Nigeria .

2. Diaspora Home Protection
Fire & Special Perils , Burglary & Housebreaking , Personal Accident & Liability .

3. Diaspora Auto Insurance
Comprehensive , Restricted Cover , Third party & Third Party Plus .

4. Diaspora Holiday Injury Insurance
Accidental Bodily Injuries , Tropical Illness .

Explaining the thinking behind the product, Dr. Imo O. Imo, Chief Strategy & Product Officer, Linkage Assurance Plc, said DiasporaCare+ was developed from a deliberate effort to understand the protection gaps confronting Nigerians living abroad.

“The thinking behind DiasporaCare+ was to move beyond simply selling an insurance policy to the diaspora. We asked a more fundamental question: how can insurance help Nigerians abroad protect the people, assets and commitments that continue to connect them to home? DiasporaCare+ is our response a practical protection ecosystem built around those real-life needs.”

He added that the product reflects Linkage Assurance’s strategy of identifying emerging customer segments and developing relevant solutions around their specific risks and expectations.

Deepening Insurance Beyond Borders

The unveiling of DiasporaCare+ reinforces Linkage Assurance Plc’s commitment to innovation, customer-centricity and inclusive insurance, while opening new opportunities to deepen engagement with the Nigerian diaspora community.

The company will continue to build strategic partnerships and distribution channels that make DiasporaCare+ easily accessible to Nigerians across key diaspora markets.

DiasporaCare+ :  Protecting What Matters, Wherever You Are.

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