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NBET Pays GenCos 50% Of Invoice On Power Supply …Minister Blames Collapse Of Transmission, Distribution Lines

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Power generation companies (GenCos) were paid just half of their total invoice to the Nigerian Bulk Electricity Trading Plc (NBET) for power supplied to the National Grid in the first nine months of last year.
Industry data released by the Nigerian Electricity Regulatory Commission (NERC) showed that the GenCos were paid N311.06billion out of the total invoice of N614.58billion, representing 50.61percent.
This was, however, an improvement compared to what the GenCos received over the same period in 2020 where NBET paid just 24.03percent (N136.03billion) of the N569.14billion invoice sent in by the power generators.
A monthly analysis of data on NBET payments to GenCos from January to September, 2021, showed that the electricity bulk trader paid N37.04billion or 51.9percent of the N71.37billion invoice for energy supplied in January, 2021.
The GenCos got N26.19billion, representing 39.6percent of the N66.15billion invoice sent to NBET for energy supplied in February, 2021.
The payment for power supplied in March was N35.78billion or 51.9percent of the N68.89billion invoice sent to NBET.
Also, NBET payment for energy supplied in April was N39.46billion, representing 56.6percent of N69.65billion sent in by the GenCos.
For May, NBET paid the GenCos N40.54billion or 55.3percent of the N73.30billion invoice for energy supplied.
In June, 2021, the GenCos were paid N31.88billion or 48.1percent of the N66.20billion invoice sent to NBET for energy supplied to the national grid.
Also, NBET paid the GenCos N36.03billion or 52.4percent of the N68.71billion invoice for energy supplied in July, 2021.
In August, the GenCos were paid N31.14billion, representing 46.4percent of the N67.16billion invoice sent to NBET, while in September, the GenCos got N32.99billion or 52.2percent of the N63.15billion invoice sent to NBET for energy supplied.
The NBET implements the Minimum Remittance Order issued by the Nigerian Electricity Regulatory Commission (NERC) to all electricity distribution companies (DisCos), which sets the minimum percentage payment each DisCo is to remit to NBET monthly.
It is from the DisCos’ remittances that NBET pays the invoice sent in by the GenCos.
NBET, in a statement in Abuja, yesterday, by Head, Corporate Communications, Henrietta Ighomrore, said it would continue to deploy strategies and initiatives to enhance the market liquidity in the sector through improving payments to the generation companies, further supported by its power sector reform program and the market discipline committee.
NBET had in 2016 conceptualise and began the implementation of its N701.9billion Payment Assurance Facility (PAF), when generation capacity was greatly threatened due to shortage of gas and the inability of some power generation companies to meet their immediate obligations.
NBET explained that the PAF was efficiently managed and disbursed from January, 2017 till December, 2018, and resulted in a quantum leap of 6500MW generation capacity to a 7659MW at the end of the PAF.
The success of the N701.9billion PAF-led to sustainable generation capacity and increased available electricity, this success led to the birth of PAF 11.
The implementation of PAF 11 which is N600billion facility was implemented for 2019/2020, and later metamorphosed into the Power Sector Reform Programme.
“NBET has consistently demonstrated efficiency and transparency in the administration of the financial flow”, the company added.
She further stated that NBET is committed to ensuring timely and efficient payment to GenCos to enable the generators to fulfill their obligations and maintain sustainable supply of electricity to the grid.
Ighomrore stated that NBET is engaging with all stakeholders in the value chain to ensure payment improvement and viability of the Nigerian electricity market.
Despite the obvious poor financial state of the Nigerian Electricity Supply Industry (NESI), the Minister of Power, Engr. Abubarkar Aliyu has insisted that the financial viability of the sector was not in doubt.
Speaking at a power correspondents’ event in Abuja, Aliyu said the Federal Government was reviewing the sector with the intent of making needed changes to grow the industry.
According to him, “to make the long term changes that will move the sector forward, we are presently looking at the Electric Power Sector Reform Act, 2005 (EPS), and reviewing aspects that constitute stagnation to the sector.
“The whole essence of this is to achieve good quality, stable, reliable and affordable electricity in Nigeria, which is indeed the yearning of the good people of Nigeria. The right policies, when carefully implemented and monitored, with constant reviews and checks, will lead us to our desired Sector growth.
“During my watch as a minister, I will always ensure that the conversation and growth path strategies are discussed and adopted, after careful reviews and possible outcomes. We are aware that the power sector is made up of both government and private sector players. The plan of the government is to ensure that all players focus on the big picture with a proper alignment to achieve the desired growth. The primary purpose of government is to develop policies and laws and to properly orient the players”.
He explained that one of his “cardinal goals, on the assumption of office, is to reduce or totally eliminate the human factor issues limiting the growth of the sector. It is important to note, as I have observed that the viability of the sector is not in doubt.
“We just need to boldly deal with some challenges militating against the desired growth, some of which are Transmission and Distribution bottlenecks, funding difficulties, Transmission wheeling inadequacy, old and dilapidated distribution infrastructure.
“Others are confidence in the electricity market, energy losses, non-payment of electricity bills and lack of transparency within sector players, amongst others,” he added.
Similarly, Minister for Power, Mr Abubakar Aliyu has blamed poor power generation and distribution in the country on the continuous collapse of transmission and distribution lines, saying the government is working hard to improve power supply in the country.
He explained that the country at the moment has an installed capacity of 13,000MW but can evacuated only 5,000MW to the National Grid.
The minister, who made this known, yesterday, in Makurdi during a courtesy call on Governor Samuel Ortom while on a working visit to Benue State, assured that Federal Government was working hard to boost power generation and transmission in the country.
He said, “power is one area that has been receiving attention of this Federal Government. We know that the government owns 40percent of the distribution. The National Grid is controlled from Osogbo and must receive enough energy to transmit power. Government has set out to rehabilitate the transmission grid and we are beginning to see results.
“Our national transmission has not increased from 5,000MW but it has not dropped. We used to have more than 15 to 17 system collapses in the past but we only experienced two in 2021.
“We will see improve this year 2022. It is a year of delivery. The Yandev to Makurdi transmission line will also be completed within six months,” he assured.
On the Presidential Power Initiative, he said it was being implemented in partnership with the German Government and driven by Special Purpose Vehicle with the minister of finance as the board chairman.
According to him, under the project, the Federal Government had ordered 10 power transformers to be deployed all over the country which would boost electricity supply in the country.
The minister, who was accompanied by the Minister for State, Power, Mr. Goddy Agba, explained that they were in the state to inspect the ongoing upgrade of the Joint Sub Stations from Kashibilla in Taraba State “where there is a dam and power plant to Yandev in Gboko Local Government Area of Benue State which has been completed and already giving power to Takum, Wukari and its environs. The project’s capacity is 40MW but there are technical issues we are addressing.”
Receiving the delegation, Governor Samuel Ortom commended President Muhammadu Buhari for improving on power distribution in the country.
“The Power Ministry is committed to execution of projects under their purview. I can attest to the fact that there is an improvement to what we had seen in the past as far as power generation and distribution is concerned. I commend the President for this,” the governor said.

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Electoral Bill: PDP Govs Urge NASS To Override Buhari’s Veto

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Governors elected on the platform of the Peoples Democratic Party (PDP) have requested the National Assembly to consider overriding President Muhammadu Buhari’s veto as one tenable option towards achieving the intended reform of electoral jurisprudence for Nigeria.
At their meeting in Port Harcourt, last Monday, under the aegis of PDP Governors Forum, with a nine-point communique, the governors noted the urgency required to conclude deliberations on the Electoral Act Amendment Bill.
The meeting was convened to once again review the various challenges confronting the federating states, the state of the nation and the PDP.
Reading the communique to journalists after the meeting, thePDP Governors’ Forum Chairman, and Governor of Sokoto State, Hon. Aminu Tambuwal said the other option open to the National Assembly was to delete areas of concern in the bill.
“The meeting advised that the option of sustaining Mr President’s veto would lead to a quicker resolution, and would deny Mr President the opportunity to, once again, truncate a reformed electoral jurisprudence for Nigeria. An early concluded Electoral Act is vital for credible elections.”
The PDP governors also decried the continued deterioration of the country’s economy under the leadership of the All Progressives Congress (APC)-led Federal Government.
Nigerians, the communique said, have become numb and accustomed to bad economic news as exemplified by the inconsistent and differential exchange rate regime, high interest rates, unsustainable unemployment figures and borrowing spree some of which have not been applied to important projects and other bad economic indicators.
“In particular, it is clear that the APC government is a massive failure when compared with the records of PDP in government. The PDP handed over a $550billion economy (the largest in Africa), but under APC, Nigeria is the poverty capital of the world.
“In 2015, under PDP, the exchange rate was N198 per Dollar, it is now under APC almost N500 to a Dollar.In 2015, unemployment rate was 7.3% under PDP, it is now 33%, one of the highest in the world under APC.In 2015, the pump price of petroleum was N87 per litre, it is now N165 per litre and climbing under APC.
“Debt servicing now under APC takes over 98% of the federal budget. The tales of woe is endless.”
The PDP governors also noted that the management of the oil and gas resources and the administration of Federation Account remittances have remained opaque, confusing and non – transparent.
“In addition, the transition to NNPC Ltd under the Petroleum Industry Act has not been properly streamlined to ensure that the interests of all the tiers of government are protected, consistent with the 1999 Constitution.”
Also, the PDP governors lamented the protracted insecurity situation in the country, the persistent and ceaseless flow of Nigerians’ blood on a daily basis in many parts of Nigeria.
They noted the near collapse of the security situation in Nigeria with the APC administration lost on any enduring strategy to deploy in confronting the terrorists, kidnappers, bandits and other criminals.
“The meeting expressed regrets that Mr President is unwilling, from his recent comments discountenancing the proposals for state policing, to participate in reviewing the structural problems of tackling insecurity in Nigeria.
“(The meeting) urges Mr President to reconsider his position and consider decentralisation and restructuring of the security architecture as the most viable solution, together with proper arming, funding and training requirements for security agencies.”
The meeting also urged eligible Nigerians of all walks of life, particularly the youths, to register en-masse with the Independent National Electoral Commission (INEC)
This, the meeting, resolved, will enable the registered Nigerians to exercise their franchise in the 2023 general election.
“The next election is a very consequential election that should be used to end the dominance of very youth unfriendly APC government; a government that had the arrogance to deny Nigerian youths of the use of Twitter, a business friendly tool for the young, for over a year. The youths should empower themselves to determine who leads them.”
The PDP governors congratulated the Dr. Iyorchia Ayu-led National Executive Committee, and commended them for hitting the ground running with respect to repositioning the PDP into a credible vehicle for rescuing and rebuilding Nigeria which has been battered by bad economy, insecurity, unemployment and other social ills by the incompetent and inept APC administration.
Rivers State Governor, Chief Nyesom Wike, who hosted the meeting, was commended by forum for the great leadership performance he has entrenched in Rivers State.
The governors, who attended the meeting were, Hon. Aminu Tambuwal (Sokoto); Udom Emmanuel (Akwa Ibom); Senator Douye Diri (Bayelsa); Samuel Ortom (Benue); Dr. Ifeanyi Okowa (Delta); Ifeanyi Ugwuanyi (Enugu); Oluseyi Makinde (Oyo); Ahmadu Fintiri (Adamawa); Darius Ishaku (Taraba); and Bala Mohammed (Bauchi).

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2023: We Won’t Release Poll Timetable Until Electoral Bill Is Signed Into Law -INEC

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The Independent National Electoral Commission (INEC) has said it would not release the 2023 general election timetable until the Electoral Act Amendment Bill is signed into law.
INEC Chairman, Prof. Mahmood Yakubu disclosed this, yesterday, in Abuja during the commission’s first quarterly consultative meeting with political parties.
He said, “On the Electoral Amendment Bill currently before the National Assembly, the Commission is encouraged by the Senate President’s assurance to give priority attention to the bill when the National Assembly reconvenes from its recess today, and the commitment by the President to assent to the bill as soon as the issue of mode of primaries by political parties is resolved. We look forward to a speedy passage of the bill, which is crucial to our preparations for future elections.
“As soon as it is signed into law, the commission will quickly release the Timetable and Schedule of Activities for the 2023 General Election based on the new law”.
Noting that 2022 is going to be a very busy year for the commission and the political parties, Yakubu reminded them that the 2023 general election was just 396 days away.
He said all the critical preparations must be concluded this year, explaining that the Continuous Voter Registration (CVR), which commenced in June, last year, has entered the third quarter.
“As of yesterday, Monday, 17th January, 2022, a total of 8,260,076 eligible Nigerians commenced the online pre-registration, completed the registration physically or applied for transfer to new voting locations, replacement of their Permanent Voters’ Cards (PVCs) or updated their voter information records as required by law.
“At the moment, the Commission is undertaking the most comprehensive clean-up of the data to ensure that only eligible citizens are added to the voters’ register for the 2023 general election and will share our findings with Nigerians and the actual dates for the collection of the PVCs nationwide will be announced very soon”, Yakubu stated.
According to him, the commission has also decided that the suspended Ekiti East I State Constituency bye-election would be combined with the State Governorship election holding on June 18, 2022.
He said the date for the Shinkafi State Constituency bye-election in Zamfara State would be announced after a thorough review of the security situation in the area, while the commission awaits the declaration of vacancy by the Kaduna State House of Assembly in respect of Giwa West State Constituency.
“Turning to the major end-of-tenure and off-cycle elections, party primaries for the Ekiti State Governorship election are scheduled for 4th – 29th January, 2022. For the Osun State Governorship election, primaries will hold from 16th February to 12th March, 2022.
“In the case of Ekiti State, all the 18 political parties have served the mandatory notices for the primaries. Let me seize this opportunity to draw the attention of parties to the necessity for transparent and rancour-free primaries. Parties should also respect their chosen dates for the primaries based on the commission’s Timetable and Schedule of Activities.
“Already, many parties have rescheduled their primaries several times. While the commission has earmarked a period of three weeks and 4 days (i.e. 25 days) for the conduct of the Ekiti State Governorship primaries, virtually all political parties have decided to hold their primaries in the last 4 days i.e. 26th – 29th January, 2022. In fact, seven political parties have chosen the last day for their primaries.
“Similarly, no party has so far submitted its list of aspirants, the composition of its electoral panel, or the register of members or list of delegates depending on the chosen mode for electing its candidates.
“As of yesterday, only one party has indicated the venue for its primaries. I urge you all to do so immediately to enable us to work out the detailed plans for monitoring the primaries. All primaries for electing candidates must take place in the constituency where election will hold as required by law. In the cases of Ekiti and Osun State Governorship elections, any primaries conducted outside the two States will not be monitored by the commission and their outcomes will not be accepted. This also applies to primaries for bye-elections conducted outside the constituencies”, he added.
On the Federal Capital Territory FCT Area Council election, Yakubu gave insights into the distribution of voters to Polling Units in the territory, particularly the fact that 593 out of 2,822 or 21% of the total do not have voters.
“This is because voters failed to take advantage of the expansion of access to transfer to these new Polling Units. The detailed distribution of voters to Polling Units in the FCT is among the documents in your folders for this meeting”, he stated.
Responding on behalf of the political parties, Chairman of the Inter-Party Advisory Committee (IPAC), Engr. Yabagi Sani said the parties are anticipating more superlative performance by INEC in the remaining off-season elections, beginning with the council elections in the Federal Capital Territory and later on, the gubernatorial elections in Osun and Ekiti states.
He said the most serious and potent impediment to the successful conduct of the 2023 general elections, is the lingering debacle between the Executive and the Legislature on the fate of the 2021 Electoral (Amendment) Bill.
“While time is dangerously running out for the resolution of the disputes between the two arms, the IPAC is of the position that the controversy may have been contrived in the first instance, purely and clearly in the pursuits of narrow and self-centred political ambitions of some of the gladiators.
“We are therefore, using this occasion to once again make our strident call for the immediate resolution of the unnecessary impasse over the Electoral Amendment Bill in the superior and overriding national interest. The IPAC has persistently suggested at various forums that, the first rational step in the circumstance is for the two apex legislative houses to immediately expunge from the bill, the provisions that make it mandatory for political parties to use direct primary elections in the selection of their flag bearers in general election.
“Going forward, we have also called on the President to thereafter, assent to the Bill without delay. Our concern in the IPAC is that failure to reach a compromise in the short run may invariably translate into the death of the other very crucial provisions, such as the provisions on the electronic transmission of election results”, he stated.

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TUC Accuses FG Of Wasting N9.5bn On Refineries’ Turnaround Maintenance

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The Trade Union Congress (TUC), yesterday, accused the Federal Government of wasting N9.5billion on moribund refineries’ turnaround maintenance after 10 years.
The National President, TUC, Comrade Quadri Olaleye, made the accusation in a goodwill message at the Annual General Meeting (AGM) and inauguration of newly elected National Executive Committee of the Independent Petroleum Marketers Association of Nigeria (IPMAN) in Abuja.
According to him, corruption and inefficiency in the oil and gas sector were responsible for the mess the nation was facing with 95per cent of petroleum products still imported.
He said: “Even with Nigeria’s status of being one of the largest oil producing countries, the energy crises that have befallen us as a nation are well known and this is solely due to the incompetence and corruption of the government.
“The fuel subsidy and the proposed hike in fuel price is a rather prominent and recurring one. Nigeria is the only OPEC member country that imports more than 90 to 95% of refined petroleum products for consumption.
“Nigeria has a total of five refineries in the country of which four are owned and managed by the government, and one by NDPR.
“It might interest you to know that none of the government owned refineries is functioning, yet in the past 10 years alone, the government has wasted about $9.5billion for turnaround maintenance of the moribund refineries.
“Please note that TUC is not against the removal of the fuel subsidy if it will yield positive results. Rather, we are inquisitive as to what the government has to offer following the removal. How can we trust the government and be certain that they will actually remove it this time around, because in the past, they have claimed to remove the so-called ‘subsidy’, so how can what has been removed be removed again? Will there be construction and utilization of modular refineries as the government has previously promised and failed to deliver?
“Will there be rehabilitation of existing moribund refineries? What will the government do to put an end to dependence on imported fuel? It is imperative to note these questions because we need adequate answers on what the government has to offer as failed promises from the government have become the order of the day.
“To conclude, I hereby demand that if the subsidy is eventually removed, the government should engage more on expenditures that are beneficial to the economy rather than projects that generate losses.
“There should be establishment of modular refineries and construction of functioning refineries in the country. Proactive committees must be set up to check, balance, and ensure successful execution of projects and to generally oversee activities.
“The moribund refineries must be active and we must put an end to the counterproductive acts of importing petroleum products when we can refine here and sell at a competitive price.
“You will agree with me that Nigeria has the capacity to meet these demands and even diversify like advanced countries but that will not happen because the current political class does not want it.”
The IPMAN new executive led by Debo Ahmed as President is to run the affairs of the association for three years include Alhaji Zarma Mustapha and Mr. John Kekeocha as deputy national chairman and national secretary, respectively.
Others are Mr. Omololu Omotaduwa, national Assistantsecretary; Chief Benjamin Omale; national treasurer; Chief Linus Mgbakogu, national financial secretary, and Elder Chinedu Ukadike, national publicity secretary, amongst others.
Meanwhile, IPMAN National President, Debo Ahmed said, “The nation is facing a magnitude of insecurity threat. As IPMAN, we need to address this issue and the effects on our business and the environment where we operate.
‘COVID-19 is still epidemic with us. What advise have we given to our members and their staff on the need to take COVID shot to improve on their body immunity so that they can be productive to their family and community?
“Our members have billions of Naira as transport claims with the defunct Petroleum Equalisation Fund now with Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) unattended. As a united association, we have to follow up to make sure our members are paid unconditionally.
“The new Customer Service Department in Petroleum Products Marketing (PPMC) is another bottleneck tying down members billions of Naira for product payment without supply.
“Rising cost of levies charged for outlets is escalating across the country from some federal and state government agencies. IPMAN national is to dwell in all these extra cost to harmonise the justification if need be and so many other issues pending.”
Also in a goodwill message, both leadership of the National Union of Petroleum and Natural Gas Workers (NUPENG), the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the President of the Nigerian Labour Congress (NLC), recognized the Ahmed-led IMPAN and promised their support, which also they called for peace amongst its members.
Other dignitaries who graced the occasion, include, former Deputy National Chairman of NLC and federal lawmaker, Comrade Joseph Akinlaja; National Chairman of the Petroleum Tanker’s Drivers Branch of NUPENG, Comrade Salimon Oladiti; Chairman, Board of Trustees of IPMAN, Chief Obasi Lawson; and National Chairman of National Association of Road Transport Owners (NARTO), Alhaji Yusuf Othman, amongst others.

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