Connect with us

Business

Power Generation Hits 2,400MW, Improves Supply

Published

on

There is a relative improvement in the generation capacity of the power plants. This is because the generating capacities of the plants have peaked to 2,400 megawatts.
Before now, The Tide investigation revealed that most rural areas are not having power supply because they are considered not commercially viable for the organisation in terms of revenue.
Because of this several communities especially semi urban and villages have had prolonged power outages, some upwards of one month without power supply.
This has been the trend in the last one month, a source close to the power Holding Company of Nigeria told The Tide.
According to the source, the improvement achieved is attributed to the hydro power plant which are now contributing 772 mega watts to the national grid in the last few days.
A look at the generating trends indicates that since the beginning of this month the least generated capacity was 216 mega watts and this was Saturday 2nd August and since that time, the generating capacity has been fluctuating between that figure and 2,400MW.
As at the weekend, the three hydro power plants contributed 772 MW while Egbin and Delta generated the remaining mega watts Okpai generated 281, Afam 6, operated by Shell 445 MW.
Geregu, Omotosho Olorunsogo, Sapele and Afam 1-5 operated by Power Holding Company of Nigeria PHCN are down because of lack of gas supply to them.
However, sustaining the current level of generation is the greatest challenge the organisation has now.
The power allocation to the Abuja metropolis and lagos and Kano recorded a significant boost translating into a marked increase in supply to residents of the territory in the last ten days.
In Abuja the mega watts allocation has been jacked up to 140 while in Kano and the surrounding states are now on 100 mega watts, up from the hitherto 50MW.
According to inquiry by The Tide in Abuja some areas within the capital city recorded an unpresidented three days unprecedented power supply with others saying outages at a time lasted not more than two hours, a trend Power Holding Company of Nigeria attributes to increase in water level and grid generation.
Debo Adegoke, PHCN’s Abuja Regional Principal Manager Public Affairs revealed that allocation as at weekend was 140 mega watts, as against the previous allocations to the Federal Capital Territory (FCT) which was as low as 40 mega watts.
He said, “There has been an increase of power generation so daily allocation has improved.
And the rate at which we ration will decrease because of availability.” He said Abuja did not have problems like poor distribution lines adding that stable power distribution will definitely continue as long as allocation remain sustained.”
Effurun Igbo Public Relations Officer PHCN noted that the problem with lack of power in the country was complicated by an acute lack of gas supply in the nation to the thermal power stations, adding that even at peak periods the nation’s three hydro power stations located at Jebba, Kainji and Shiroro could contribute only 25 per cent to the nation’s power generation.
The situation is similar in Kano State, the commercial capital city of Northern Nigeria where electricity supply has been recorded in the past 48 hours. The improvement has brought relief to most residents, who for sometime now have been experiencing acute electricity outages.
Investigation revealed that most parts of the State capital are presently enjoying up to 10 hours of uninterrupted electricity supply.

Continue Reading

Business

Agency Gives Insight Into Its Inspection, Monitoring Operations

Published

on

The Director, South South Zone National Agency for Food Drug Administration and Control (NAFDAC), Pharmacist Chujwuma P.Oligbu has said its  thorough implementation of its core mandate of monitoring has no link with witch-hunting or fault finding as perceived at some quarters.
 Oligbu, made this known when he spoke as as guest at the maiden Rivers state Supermarkets stakeholders’ Seminar/Workshop in Port Harcourt recently.
Rather, he said they were mere opportunities for education, correction and continuous improvement.
The Agency’s South South Boss, noted that  Supermarket operators who maintain transparent records, cooperate during inspections, and promptly address identified gaps demonstrate professionalism and commitment to public health standard.
He listed the deserving essence of supermarket operation to include the key aspects of supermarket operation that deserves emphasis is product sourcing.
“Supermarkets must ensure that all regulated products stocked on their shelves are duly registered with NAFDAC and sourced from legitimate manufacturers or distributors”, he said .
According to him, the presence of unregistered, expired, counterfeit, or improper labelled products undermines consumer confidence and poses serious health risks.
He pointed out that such has the likelihood of  exposeing supermarket operators to legal sanctions that could damage their reputation and financial stability.
The NAFDAC Operator, further enlightened the participants that mere registration of a particular product with the Federal agency do not guarantee absolute consumption safety.
“Temperature control, cleanliness, pest control, stock rotation, and proper shelving are not optional practice; they are essential components of compliance”, he said.
The South South zonal director also told the operators of supermarket that their employees rotine training on the basis of the product they display for sale is of utmost importance.
In her presentation a Breast Milk Nutrition Expert , Professor Alice Nte of University of Port Harcourt Teaching Hospital (UPTH), was against the body’s prime attention to breast milk substitute or baby milk in supermarkets as well as its advertisement or promotion.
Nye jerked up  the importance of mothers breast milk to the newborn baby and added that it  help in fighting against childhood diseases, infections and combating cancer in breastfeeding mothers.
Meanwhile, NAFDAC Deputy Director, South – South Zone , Mrs. Riter Chujwuma educated the participants on the guidelines for global listing, and the need to adhere strictly to rules guiding global listing to avoid confiscation of their imported products.
By: King Onunwor
Continue Reading

Business

BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS

Published

on

The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.

In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.

 According to the data, more than 4.3 million new BVNs were issued within the one-year period, underscoring the growing adoption of biometric identification as a prerequisite for accessing financial services in Nigeria.

NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.

Analysts linked the growth largely to regulatory measures by the CBN, particularly the directive to restrict or freeze bank accounts without both a BVN and National Identification Number (NIN), which took effect from April 2024.
The policy compelled many customers to regularise their biometric records to retain access to banking services.

Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.

The programme has been widely regarded as a milestone in integrating the diaspora into Nigeria’s formal financial system.

A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.

However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.

The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.

Continue Reading

Business

AFAN Unveils Plans To Boost Food Production In 2026

Published

on

The leadership of the All Farmers Association of Nigeria (AFAN) has set the tone for the new year with a renewed focus on food security, unity and long-term growth of the agricultural sector.
The association announced that its General Assembly of Farmers Congress will take place from January 15 to 17, 2026 at the Abuja Chamber of Commerce and Industries, along Lugbe Airport Road, in the Federal Capital Territory.
The gathering is expected to bring together farmers, policymakers, investors and development partners to shape a fresh direction for Nigerian agriculture.
In a New Year address to members and stakeholders, AFAN president, Dr Farouk Rabiu Mudi, said the congress would provide a strategic forum for reviewing past challenges and outlining practical solutions for the future.
He explained that the event would serve as a rallying point for innovation, collaboration and economic renewal within the sector.
Mudi commended farmers across the country for their determination and hard work, despite years of insecurity, climate-related pressures and economic uncertainty.
According to him, their resilience has kept food production alive and positioned agriculture as a stabilising force in the national economy.
He noted that AFAN intends to build on this strength by resetting agribusiness operations to improve productivity and sustainability.
The AFAN leader appealed to government institutions, private investors and development organisations to deepen their engagement with the association.
He stressed the need for collective action to confront persistent issues such as insecurity in farming communities, climate impacts and market instability.
He also urged members to put aside internal disputes and personal interests, encouraging cooperation and shared responsibility in pursuit of national development.
Mudi outlined key priorities that include increasing food output, expanding support for farmers at the grassroots and strengthening local manufacturing through partnerships with both domestic and international investors adding that reducing dependence on imports remains critical to protecting the economy and creating jobs.
He stated that the upcoming congress will feature the launch of AFAN’s twenty-five-year agricultural mechanisation roadmap, alongside the announcement of new partnerships designed to accelerate growth across the value chain.
Participants, he said wi also have opportunities for networking and knowledge exchange aimed at transforming agriculture into a more competitive and technology-driven sector.
As part of its modernisation drive, AFAN is further encouraging members nationwide to enrol for the newly introduced Digital ID Card.
Mudi said the initiative will improve transparency, ensure proper farmer identification and make it easier to access support programmes and services.
Reaffirming the association’s long-term goal, he said the vision of national food sufficiency by 2030 remains achievable if unity and collaboration are sustained.
He expressed optimism that with collective effort, Nigeria’s agricultural sector can overcome its challenges and deliver a more secure and prosperous future.
Lady Usendi
Continue Reading

Trending