International Atomic Energy Agency reiterates support as Nigeria seeks to diversify energy sector through nuclear technology

Nigeria’s nuclear power ambitions are still active and progressing, according to the Director-General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi. Grossi made this known on Wednesday, stressing that despite global debates about nuclear energy and challenges faced by developing countries, Nigeria remains committed to its civilian nuclear programme.

Grossi spoke during a high-level meeting with Nigerian officials in Abuja, where he assured stakeholders that the IAEA continues to support Nigeria’s efforts towards developing nuclear power infrastructure. The meeting comes amid renewed calls for cleaner and more reliable energy sources as Nigeria confronts persistent electricity shortages and seeks alternatives to fossil fuels.

Nigeria has been pursuing a civilian nuclear energy programme for over a decade, aiming to diversify its energy mix and address chronic power supply deficits affecting millions nationwide. The project, which began with technical cooperation from the IAEA, has faced delays due to funding constraints and regulatory hurdles. However, the IAEA chief affirmed that the agency is working closely with Nigerian authorities to ensure compliance with international safety standards and secure technology transfer.

“Nigeria’s commitment to the peaceful use of nuclear technology is clear. We are here to provide every technical assistance necessary,” Grossi said during his engagement with government officials. He noted that several African countries are now exploring nuclear options due to growing demand for stable electricity supply.

While some experts have raised concerns about cost, safety, and waste management in developing economies like Nigeria, government officials maintain that nuclear power remains vital for national development. The Ministry of Power reiterated its plan to proceed with feasibility studies and regulatory groundwork before any construction commences.

With international backing from the IAEA and ongoing policy dialogue, Nigeria’s nuclear power drive is expected to remain a key part of its long-term strategy for energy security. Further consultations between Nigerian authorities and global partners are anticipated in coming months as the country moves closer towards making its first civilian nuclear plant a reality.

Source: https://www.premiumtimesng.com/business/business-news/888335-exclusive-nigerias-nuclear-power-programme-plans-still-alive-iaea-dg.html

PenCom data shows spike in early pension withdrawals as inflation and joblessness squeeze households nationwide

More than 8,000 jobless Nigerians accessed a total of ₦12.11 billion from their Retirement Savings Accounts (RSAs) between October and December 2025, according to figures released by the National Pension Commission (PenCom). The withdrawals, permitted under the Pension Reform Act 2014 for those unemployed for at least four months, reflect mounting financial pressure on citizens across the country.

PenCom data confirmed that 8,082 unemployed workers withdrew up to 25 percent of their pension balances in the last quarter of 2025. Many beneficiaries reportedly used the funds to cope with high living costs while seeking new employment. On average, each individual accessed about ₦1.5 million from their RSA during this period.

The surge in withdrawals comes as Nigeria continues to grapple with persistent inflation, currency depreciation and rising costs of food, transportation and housing. Many sacked workers face prolonged periods of unemployment with limited options for financial support. As at December 2025, early pension withdrawals have become a critical safety net for thousands navigating economic uncertainty.

Financial experts have cautioned that while early access to RSAs provides immediate relief for jobless contributors, frequent withdrawals could undermine long-term retirement security for many households. “These savings are meant to provide income after active service ends. Dipping into them too soon leaves future senior citizens vulnerable,” one industry analyst noted.

Despite such concerns, PenCom’s latest figures highlight the difficult choices facing Nigerian families as they balance present survival against future financial stability. The trend signals increasing reliance on pension funds as an emergency lifeline in a challenging economic environment.

Source: https://www.pulse.ng/story/over-8000-jobless-nigerians-withdraw-naira12bn-from-pension-savings-amid-economic-hardship-2026061706433702168

Firm introduces battery storage and hybrid systems to cut costs, urges healthcare providers to embrace sustainable power sources

Simba Power, a leading energy firm, on Monday showcased new commercial and industrial energy solutions designed for healthcare facilities at the 2026 WHX Medic Exhibition in Lagos. The company urged Nigerian hospitals and clinics to adopt renewable energy technologies in order to improve service delivery and reduce operational expenses.

Presenting the new offerings at the event, Simba Power’s Spokesperson, Debdeep Mukherjee, said reliable electricity is essential for modern healthcare, from running diagnostic machines to maintaining critical patient care equipment. He encouraged operators in the sector to leverage renewable power sources such as solar and advanced battery storage systems to enhance efficiency and lower running costs.

Mukherjee explained that Simba Power’s latest products include scalable battery energy storage systems, hybrid inverter platforms, and grid-connected solutions tailored specifically for the needs of healthcare institutions. These systems are aimed at boosting energy reliability, cutting down on frequent power interruptions, and strengthening the overall resilience of hospitals across Nigeria.

“Our solutions are designed to address the unique challenges faced by healthcare providers in Nigeria when it comes to stable electricity supply. By adopting these technologies, hospitals can significantly reduce their dependence on diesel generators and bring down operational costs,” Mukherjee stated during a presentation at the exhibition.

The call for sustainable energy in healthcare comes amid ongoing concerns about unreliable power supply in Nigerian hospitals—a challenge that often leads to higher costs and compromised patient care. Stakeholders have repeatedly highlighted the need for alternative power solutions as government efforts to improve public electricity infrastructure continue. With initiatives like Simba Power’s latest launch, industry observers say hospitals now have more options to strengthen their operations while contributing to national climate goals.

Source: https://guardian.ng/business-services/firm-seeks-sustainable-energy-for-healthcare-sector/