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General News

Benedict Peters, True Nigerian Export

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Benedict Peters
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By Jackson Ugbechie

In a season when some Nigerians are being demonised across the world as agents of crime and criminalities, we cannot but raise our glasses to salute the likes of Adewale Adeyemo, Joe Biden appointee as Deputy Treasury Secretary; Dr. Onyema Ogbuagu, the Nigerian-American medic who was one of the brains behind the Pfizer Covid-19 vaccine.

Benedict Peters, True Nigerian Export

Benedict Peters

Or Benedict Peters, a Nigerian entrepreneur making waves in Africa and across the world as one who has built an enterprise from the scratch to a billion-dollar multinational.

Remember Kehinde Wiley? He’s a portrait painter of Black people who masterfully painted his way to the White House.

He was commissioned in 2017 to paint a portrait of former President Barack Obama for the Smithsonian National Portrait Gallery which showcases portraits of all the US presidents.

Wiley is the first black artist to paint official portraits of any US president for the National Portrait Gallery.

The list is long.  But we must say hello to Dr. Olurotimi John Badero who earned his  medical degree from Obafemi Awolowo University, Ile-Ife, Osun State before relocating to the United States where he became a specialist and interventional cardiologist, nephrologist and cardio-nephrologist, ranking as the world’s first and only fully trained cardio-nephrologist.

There are many more Nigerians doing exploits across the globe but the name Benedict Peters strikes a resonance with what portends the greatness of Nigeria.

While others excelled as Nigerians in the White man’s land, Peters is excelling at home and successfully exporting his magical entrepreneurship skills from Nigeria to the rest of the world. He answers the question: can anything good come out of Nigeria?

Yes, many good things have come out of Nigeria, wafting across several seas and mountains to add impactful fragrance to a world in need of heroes.

Peters is one of them. He represents a true Nigerian export. He symbolises the Nigerian spirit of derring-do, chutzpah and unvarnished excellence.

Last month, his company, Bravura Holdings Ltd., made history when it successfully entered into the competitive, capital-intensive and technology-driven platinum mining marketplace of Zimbabwe.

To make good this feat, it shelled out the sum of $1 billion to engage in an industry once dominated by expatriates from Europe, the Americas and Asia.

The beauty of this venture is that Peters, being a genuine pan-Africanist, would be fair to Zimbabweans and other Africans who would be directly or indirectly linked to his enterprise.

Peters would be stamping his big foot on a swathe measuring about 3,000 hectares (7,413-acre) of land in the Selous area, about 80 kilometers (50 miles) south of Zimbabwe’s capital Harare where it plans to dig the mine. Reports said his choice of operational base is close to existing platinum mines.

Having already won the concession, a lot of activities are projected to happen in the next 18 months, explains Lionel Mhlanga, Bravura’s manager in Zimbabwe.

“From where we are now, we will go to resource definition, after that we will go to resource modeling, after mine development and then mine construction. Those are all things that should happen in the next 18 months,” an obviously elated Mhlanga told the media during a tour of the site last month.

The United States Geological Survey lists Zimbabwe as the third largest producer of platinum, only next to Russia and South Africa.

Currently, the Russian-Zimbabwean platinum venture, Great Dyke Investments (GDI), a joint venture (50% parity owned by Russia’s Vi Holding and Zimbabwean investors) is reputedly the biggest platinum mining project in the country with a $2 billion investment outlay. But the Bravura Holding venture represents the new African push for continental integration both in trade and production.

In Nigeria where Peters’ Aiteo Eastern E & P Company is the biggest domestic oil producer, the billionaire oil and gas magnate has demonstrably deployed his wealth to foster development, engender socio-economic growth and improve the nation’s human development index.

From philanthropy to community development and sports sponsorship, Peters’ Aiteo has endeared itself to the hearts of the Nigerian people. Since 2017, when it took over the sponsorship of Nigeria’s longest surviving club football league – The Challenge Cup – now aptly called Aiteo Cup, life has returned to the colourful multi-tier football fiesta, postponed this year because of the Covid-19 pandemic.

This is a pointer to the good times that await Zimbabweans with the admission of Bravura Holding into the exclusive club of platinum and other minerals miners in the country, a club dominated by Russian and Cypriot companies.

Media reports say Bravura is already looking beyond platinum. Zimbabwe is endowed with treasures in her sub-soil and Peters’ company intends to explore mining lithium, rare earth minerals and tin in Zimbabwe.

Beyond that, it’s also seeking to mine cobalt in the Democratic Republic of Congo, copper in Zambia, gold in Ghana and iron ore in Guinea, with eyes on exploring mining opportunities in Namibia and Botswana. Quite a handful! It’s a case of Africa taking back Africa.

For far too long, Africa has left her richly endowed earth at the mercy of the western world. Nigeria has rich reserves of oil and gas which she yielded to western merchants and exploiters.

It was not until Nigeria switched to the next gear in the promotion of local content in the sector that she started the journey of maximizing the benefits of having huge reserves of crude oil and gas.

Though, so much still remains to be done in the aspect of processing and minding the entire value chain, but the entry of the likes of Aiteo into Exploration and Production (E&P) has kindled hope that someday the owners of the resources would effectively process their resources and have full value of them.

Having made a success of his presence in the Nigerian oil and gas sector, Peters’ foray into Zimbabwe mining sector and plausibly into the mining sectors of other African nations is a priceless public relations stunt for Nigeria.

It’s a salute to the industry and illustriousness of Nigerians. When some sections of the global community rise to tar us in evil and despicable coatings, we trot out the likes of Peters and others who by dint of hard work, academic excellence and entrepreneurial acuity have put Nigeria and Nigerians on the global map of achievers, outliers and role models.

 

  • Ugbechie writes from Abuja

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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

General News

NASRDA Commences Space Regulation Mandate with N20Bn Fund

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National Space Research and Development Agency (NASRDA) is set to commence the implementation of its space regulation and licensing mandate following the approval of a N20 billion take-off fund by President Bola Tinubu.

NASRDA Commences Space Regulation Mandate with N20Bn Fund

Speaking in an interview, Dr. Matthew Adepoju, director-general, NASRDA, emphasised that the agency’s regulatory functions, as outlined in the NASRDA Act (2010), have remained unfulfilled since its establishment in 1999.

To address this, Adepoju submitted a memorandum to President Tinubu advocating for enforcement of space regulation, leading to the recent approval of funds.

Adepoju highlighted the urgency of regulating Nigeria’s space sector to prevent misuse, particularly regarding security-sensitive activities.

The regulatory framework will oversee:

Satellite image providers

Geographic information system operators

Satellite-based telecommunications and broadcasting services

He warned that unregulated geographical data intelligence could be exploited by non-state actors, underscoring the importance of strict oversight.

NASRDA has set up a licensing platform open to public and private sector operators in the space industry.

The regulation will cover Nigeria’s three space segments:

Upstream – Deep space activities

Midstream – Satellites and orbital objects

Downstream – Ground stations and space service users

Although the agency has yet to access the N20 billion fund, Adepoju confirmed that regulatory and licensing functions have commenced.

 


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Amazon Opens Competition in Satellite Internet Business, Sends Satellites into Space

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Amazon has released more details on Project Kuiper, its plan to establish a satellite internet service resembling Starlink. The first launch of satellites for Amazon’s Kuiper project is set to ascend as soon as April 9, less than a week away.

27 satellites are planned to be deployed using an Atlas V rocket, which will blast off from Cape Canaveral Space Force Station in Florida.

This is just the earliest beginnings of the system, which Amazon says will be made up of 3200 satellites in low-Earth orbit. And that’s just for the “first-generation” system that will provide home internet to, according to Amazon, “virtually any location on the planet”.

Amazon has more than 70 additional launches for Project Kuiper planned over the next few years, including sending satellites on rival SpaceX’s rockets.

“We’ve designed some of the most advanced communications satellites ever built, and every launch is an opportunity to add more capacity and coverage to our network,” says Rajeev Badyal, Vice President of Project Kuiper.

“This will be the first time we’ve flown our final satellite design and the first time we’ve deployed so many satellites at once.”

Despite being quite early on in establishing the satellite array required for a functional satellite internet system, Amazon expects to be able to start offering the service “later this year.”

Project Kuiper vs Starlink

Rival Starlink currently has more than 7000 satellites in low-Earth orbit, and future plans include expanding that array to a count of 34,400.

Starlink has also become the leading provider of space junk, with the company’s satellites falling out of orbit “almost every day” according to Space.com.

Satellite internet services like those of Starlink and Project Kuiper require a satellite receiver, which currently starts at £300 for Starlink models.

Starlink charges £75 a month for home internet, which can provide up to 220Mbps typical internet speeds, according to the company’s website.

Satellite internet can often be a workable solution for homes not covered by optical fibre or 4G/5G mobile internet.

The company has also supplied Ukraine with internet connectivity since Russia invaded Ukraine in 2022.

“My Starlink system is the backbone of the Ukrainian army. Their entire front line would collapse if I turned it off,” SpaceX CEO Elon Musk claimed on X. He has since claimed he does not plan to deactivate Ukraine’s access to the service.


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Nigerian Military Makes History with Africa’s First Attack Drones, Bombs

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Nigerian Military, in partnership with Briech UAS, a communications company, has unveiled the first and largest indigenous attack drones and bombs in Nigeria and Africa.

Nigerian Military Makes History with Africa’s First Attack Drones, Bombs

Briech UAS, alongside the Nigerian Army, demonstrated these attack drones and bombs at the company’s headquarters in Abuja on Wednesday.

General Christopher Musa, chief of Defence Staff (CDS), hailed the initiative as a significant milestone in Nigeria’s progress toward self-reliance in defence technology and a crucial step in enhancing national security.

Musa highlighted the importance of developing combat drones, particularly for intelligence gathering. He pointed out that these drones would play a pivotal role in addressing complex and asymmetric security threats.

“These force multipliers will greatly enhance the operational effectiveness of our military, especially in a world where global politics complicate the procurement of advanced military hardware,” he stated.

“Countries that do not produce these solutions face bureaucratic and diplomatic challenges when acquiring essential platforms. We are directly addressing this challenge.

“If we do not produce what we need, we will be at the mercy of others, even if we have the financial resources to acquire them.

“By manufacturing these drones locally, Nigeria reduces dependence on foreign resources, ensures faster acquisition, and strengthens its ability to respond to security threats swiftly.

“With the brilliant minds we have, particularly among our youth, we can create outstanding technology that competes on a global scale,” Musa said.

Plateau Governor Caleb Mutfwang underlined the importance of supporting indigenous products for Nigeria’s growth.

He stressed that the drones would be vital in safeguarding the country’s sovereignty, particularly in Plateau State, where some of these technologies have already been deployed to enhance the efficiency of ground forces.

Mutfwang also revealed that his state was collaborating with local bomb and drone manufacturers like Briech UAS to counter insurgency with domestically produced weapons.

“As a nation, we made a mistake by allowing non-state actors to acquire capabilities nearly on par with state actors,” he stated.

“We’ve entered into a partnership that has led to the deployment of these facilities in our state. We’ve seen substantial improvements in the effectiveness of our security forces.

“It was a mistake to let non-state actors gather capabilities that could almost overpower legitimate state forces. We must correct that imbalance.

“We must ensure no one within our borders has capabilities that surpass or match those responsible for protecting our national sovereignty,” he added.

Earlier, Dr Bright Echefu, chairman of Briech UAS, noted that insurgent groups like Boko Haram and ISWAP have been using commercial drones for reconnaissance and attacks.

“These drones have been used to track and attack our troops, coordinating ambushes and executing crude aerial strikes,” he said.


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