Business
Electricity Consumers Seek Scrapping Of N750 Fixed Charge
Some Electricity Consumers in the Federal Capital Territory (FCT) yestersday called for the scrapping of the monthly N750 fixed charge being charged by electricity distribution companies.
The consumers told newsmen that it would amount to exploitation if the companies continued to retain the charge when services were not delivered.
A businessman, Mr Chukwuemeka Echem, who described the charge as mere exploitation of electricity consumers in the country, said it should be abolished.
He said that it was out of place for consumers to pay the monthly fixed charge after paying the monthly bill.
“Why the N750 fixed charge when consumers will have to pay their monthly bills?”
A Kuje Area Council resident, Mr Prince Aduche, said that the regulatory body should stop the payment of fixed charge on electricity until power supply was stable in the country.
According to him, consumers should not be the ones to bear the operational cost of electricity distribution companies.
“Paying a fixed charge on electricity is like ripping one off. It is like stealing from you. We know we are not enjoying stable power supply in Nigeria.
“If the regulatory body knows what it is doing, it should scrap the fixed charge since Nigerians are not enjoying stable power supply,” he said.
A legal practitioner, Mr Mike Isibor, said that the fixed charge should be stopped because electricity consumers were not enjoying stable electricity supply.
According to him, the policy of 15 days of grace for electricity consumers was populist in nature and only meant to assuage consumers.
The 15-day policy of Nigeria Electricity Regulatory Commission (NERC) stipulates that electricity consumers without power supply for 15 consecutive days are not liable to pay the fixed tariff.
Isibor said that his area had not experienced continuous power failure for 15 days to benefit from the policy.
He noted that the 15 days should be reduced to protect consumers’ interest.
A civil servant, Mrs Maria Adelabu, said she was not benefiting from the 15 days policy as the fixed charge was still being reflected on her bill.
“We are not benefitting from it because we still pay even when there is no light for 15 days,” she said.
She noted that the only solution to the problem was to scrap the fixed charge policy.
Another civil servant, Miss Obi Chioma, said that in spite of several complaints to officials of the distribution company, she still paid the monthly fixed charge.
Chioma said that the regulatory body should create more awareness on the policy if it insisted on retaining it.

Flashback: National President, Nigeria Labour Congress (NLC), Comrade Abdulwaheed Omar (middle), with former National President of NUPPPPROW, Comrade Danjuma Papa Kunini (left) and representative of the former Minister of Labour and Productivity, Mr. D. Monyei, during the 14th national quadrennial delegates conference in Calabar, recently. Photo: Nwiueh Donatus Ken
Business
Nigeria’s Gold, Other Solid Minerals Being Stolen – NEC
The National Economic Council has expanded the mandate of its Ad-hoc Committee on Crude Oil Theft Prevention and Control to cover illegal mining.
This is just as the council raised the alarm that the nation’s solid minerals, including gold, are being mined and stolen.
Imo State Governor, Hope Uzodimma, who chairs the committee, disclosed this while briefing State House correspondents after the 153rd NEC meeting chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja, yesterday.
Uzodimma said the expanded mandate is part of the government’s efforts to curb resource theft and increase revenue from Nigeria’s solid minerals sector.
“The National Economic Council Ad-hoc Committee on Crude Oil Theft Prevention and Control, which I chair, presented an interim report today to the Council.
“NEC received our report with satisfaction and expanded our Terms of Reference to now also take interest in solid minerals, because our solid minerals are being mined and stolen and not adding to national revenue,” said Uzodma.
He noted that the expanded role would enable the committee to coordinate with the Ministry of Solid Minerals Development and other federal and subnational institutions to combat widespread illegal gold mining and other forms of mineral smuggling that have deprived the country of much-needed foreign exchange.
“Going forward, our committee, working with other government agencies, will look at how to ensure that the revenue of the country arising from solid minerals like gold and other forms of solid minerals are not allowed to be stolen,” the governor added.
NEC’s Ad-hoc Committee on Crude Oil Theft Prevention and Control was first established under former President Muhammadu Buhari in August 2022.
It was reconstituted under President Bola Tinubu in December 2023 with Uzodinma as chairman.
The committee was initially mandated to address the challenge of crude oil theft and pipeline vandalism.
Its creation followed rising oil theft that had crippled national production and forced international oil companies to shut down key pipelines.
At the time, oil production had crashed to around 700,000–800,000 barrels per day, far below Nigeria’s OPEC quota, costing the government billions of dollars in lost export revenue.
Uzodimma explained that through what he called a “collaborative approach” involving regulators, operators, and the security forces, the committee had helped raise daily crude oil production to over 1.7 million barrels per day in the past 22 months.
The governor stated, “Before May 29, 2023, when President Bola Tinubu was sworn in, our crude oil production was around 700,000 to 800,000 barrels a day.
“Working with stakeholders, the regulators, operators in the industry, and the Navy, we were able to involve all the governors of crude oil-producing states and raise different security organisations.
“You would agree with me that as I speak, daily production is now in excess of 1.7 million barrels a day, and cases of pipeline vandalism and vandalisation of oil assets have also been on the decline.”
The council, he said, was satisfied with the progress and decided to deploy the same model of intergovernmental coordination, private-sector partnership, and multi-agency surveillance to the mining sector, plagued by resource theft.
“We are determined to ensure that crude oil production and gas are properly preserved for the benefit of our citizens.
“Now, with this new directive, we will also protect our gold and solid mineral assets,” Uzodinma added.
Nigeria’s illegal mining economy, particularly in gold, lithium, and other high-value minerals, has grown into a multibillion-naira shadow industry.
According to data from the Nigeria Extractive Industries Transparency Initiative, the country loses an estimated $9bn annually to illegal mineral extraction and smuggling.
The Federal Government has linked several unlicensed mining operations to armed groups in the North-West and North-Central regions, where gold has become a source of illicit financing for bandits.
A 2023 NEITI audit also showed that over 80 per cent of mining activities in Nigeria were conducted informally, without licenses or environmental oversight.
In September 2024, the Ministry of Solid Minerals Development revoked over 900 dormant licences and announced plans for a national gold reserve policy. But enforcement remains difficult, with weak surveillance, limited manpower, and overlapping regulatory mandates.
According to Uzodimma, the expanded mandate aims to integrate the fight against illegal mining into the broader national resource protection framework previously used in the oil sector.
“We have done well,” he claimed, adding, “Among other things, we recommended that NNPC, working with security agencies and their consultants, should strengthen security in all the creeks and extend coverage to offshore regions. That will help in curtailing and supervising illegal entries and exits of vessels into our export terminals. This same spirit will now guide our solid minerals sector.”
The committee is expected to submit its first progress report on the expanded mandate at the next NEC meeting in November.
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