Business
Kaduna Electric to Restore Power Immediately Following Labour Resolution
Power supply is set to be restored immediately to Kaduna and its franchise states after a resolution was reached between Kaduna Electric and its in-house labour unions.
The agreement was secured following a high-level meeting convened by Kaduna State Governor, Uba Sani, at the Sir Kashim Ibrahim House on Friday.
The meeting, which lasted until 8 PM, brought an end to the industrial action that had left Kaduna, Zamfara, Sokoto, and Kebbi states in darkness for nearly a week.
The labour unions of Kaduna Electric had initiated the strike last Sunday in response to the management’s decision to dismiss 444 workers.
However, following negotiations, both parties agreed to review past actions and collaborate on a way forward.
Governor Uba Sani pledged to act as a guarantor, ensuring fairness for both the management and the workers.
In their resolution, the unions expressed appreciation for the governor’s intervention and commended Kaduna Electric’s Managing Director, Dr Umar Abubakar Hashidu, for his leadership.
“The unions praised the governor for his intervention and commended the management, ably led by Dr Hashidu, for moving Kaduna Electric forward,” the resolution stated.
Acknowledging the economic challenges facing the company, the unions pledged to support Kaduna Electric in achieving its objectives.
Both sides recognised that the dispute arose from a breakdown in communication and emphasised the need for a “give-and-take” approach to finding an amicable settlement.
The resolution was signed by key representatives, including Dr Umar Abubakar Hashidu, Managing Director of Kaduna Electric; Comrade Wisdom Nwachukwu, Vice President (Distribution) of the National Union of Electricity Employees (NUEE); Comrade Rilwanu Shehu, Deputy President (North) of the Senior Staff Association of Electricity and Allied Companies (SSAEAC); and other senior union officials.
Additionally, Engr Idris Ahmed Idris, Managing Director of Kaduna Power Supply Company, also signed the agreement, reinforcing the commitment to resolving the dispute.
With the resolution in place, Kaduna Electric is expected to restore power to the affected states without further delay.
Uba Sani, governor of Kaduna, has introduced policies at the state scholarship and loans board to enable students from less-privileged backgrounds to obtain sponsorships with ease.
Yahya Saleh Ibrahim, executive secretary of the board, announced the policies on Sunday while speaking to journalists.
He said the governor has ordered the removal of tax clearance as a requirement for accessing scholarship.
Ibrahim also said although the writing of essays is still a requirement to access scholarship, it is however done “to determine areas of students’ weakness that require support”.
He said Sani has also created seven scholarship awards zonal units to make it easier for students in rural areas to be screened, easing the burden of coming to the board’s headquarters in Kaduna.
The units are Zaria, Kafanchan, Kachia, Pambegua, Makarfi, Kaduna-north and Kaduna south zones.
He said the governor has provided 30 computers to the various units to simplify the application process.
He also said the board now conducts on-the-spot scholarships for indigenous citizens across tertiary institutions, adding that this effort has “enlisted over 4330 potential beneficiaries awaiting disbursement”.
“A total of 3,397 students have been awarded local scholarships from May 2023 to date. Thirty students have benefitted from the third-party tertiary education loans,” he said.
“The board has also secured 50 scholarships for secondary school students, in collaboration with the ministry of education, for indigent students from the Indomie Noodles DOFIL Company Kaduna.
“The inclusion of government special scholarship intervention programs for innovation, aviation, meritorious, underprivileged, and People with Special needs (PLWD) students, in the state is in the heart of His Excellency’s agenda.”
The National Bureau of Statistics (NBS) says Nigeria recorded N3.42 trillion trade surplus in the fourth quarter (Q4) of 2024.
The NBS, in its foreign trade report for Q4 2024, said Nigeria’s exports totalled N20.01 trillion while imports stood at N16.59 trillion.
A trade surplus is an economic indicator of a positive trade balance in which the exports of a nation outweigh its imports.
The bureau said total trade was N36.6 trillion in Q4, representing an increase of 2.20 percent compared to the N35.8 trillion recorded in the third quarter (Q1) of the year.
“Nigeria’s total merchandise trade stood at N36,604.83 billion in Q4, 2024. This represents an increase of 68.32% compared to the value (N21,747.40) recorded in the corresponding period of 2023 and a rise of 2.20% over the value recorded in the preceding quarter (N35,818.35),” NBS said.
“In the quarter under review, exports accounted for 54.68% of total trade with a value of N20,014.33 billion, showing an increase of 57.67% rise over the value recorded in the fourth quarter of 2023 (N12,693.62) and a decrease of 2.55% compared to the value recorded in Q3 2024 (N20,537.17).”
NBS further said crude oil continued to dominate exports trade in the quarter reviewed.
The statistics firm said crude oil exports stood at N13.78 trillion, representing 68.87 percent of total exports, while the value of non-crude oil exports stood at N6.23 trillion, accounting for 31.13 percent of total exports.
NBS added that non-oil products contributed N2.84 trillion or 4.20 percent of total exports.
The NBS said the Netherlands was Nigeria’s top export destination in Q4, followed by Spain, France, India, and Indonesia.
“The main export destination was The Netherlands with a value of N 2,089.96 billion or 10.44% of total exports, followed by exports to France with N1,909.76 billion or 9.54% of total exports, Spain with N1,737.68 billion or 8.68% of total export,” NBS said.
“India with N1,596.66 billion or 7.98% of total exports, and exports to Indonesia with goods valued at N1,406.77 billion representing 7.03% of total exports.
“These five countries collectively accounted for 43.67% of the value of total exports in Q4, 2024.”
In terms of imports, the bureau said China remained Nigeria’s major trading partner, with 27.80 percent (N4 61 trillion) worth of imported goods.
Others on the top five import routes were India (N1.89 trillion or 11.43 percent), Belgium (N1.38 trillion or 8.35 percent), the United States (N1.05 billion or 6.33 percent), and France ( N501 billion or 3.62 percent).
President Bola Tinubu has appointed Attahiru Jega, former chairman of the Independent National Electoral Commission (INEC), as adviser and coordinator of the presidential livestock reforms initiative.
Bayo Onanuga, presidential adviser on information and strategy, announced the appointment in a statement issued on Friday evening.