Business
DISCO Installs Pre-paid Meters In S’East
The Enugu Electricity
Distribution Company (EEDC) had started to roll out tamper-proof pre-paid smart meters to checkmate customers tampering with electric meters in the South-East.
Head Communications of EEDC, Mr Eugene Anionwo, who disclosed this on Sunday in Enugu, said the move was to curb revenue losses in the region.
“We will install new tamper-proof-pre-paid-smart meters on pole tops with a customer interface unit in customers’ premises to check customers tampering with the meters”.
Anionwo said that the new EEDC’s Credited Advance Payment for Metering Implementation (CAPMI) programme would include two types of meters, depending on the customer’s class.
He said that the price for the meters ranges from N39,375 to N68,901.
He also said that customers who wished to advance money to EEDC for their CAPMI meters would receive a discount on their bills.
The discount, he said would be spread for 36 months stressing that the opportunity would enable them recover their money at 12 per cent interest rate per annum.
“EEDC is pleased to announce that, with our new tariff approved by NERC and beginning in February 2016, we have decided to eliminate all fixed charges to our customers.
“The new tariff takes into account the elimination of these fixed charges, as we will now be billed for energy only.
“At the same time, we are introducing our CAPMI programme, which will allow our customers to obtain their meters now and no longer wait for meters to be received.
“This CAPMI programme gives EEDC’s customers the option of advancing funds to EEDC for the purchase and installation of their meters within 45 days.
“EEDC’s customers that choose not to advance funds for their meters under CAPMI will be metered during our larger comprehensive metering programme. “Any funds received will be reimbursed with interest as credits against energy bills,” he said.
Anionwo advised EEDC’s customers that wished to participate in CAPMI to visit its district offices to complete form 74 and obtain further details.
He said that after completing the form, EEDC would survey the customer’s prmises to confirm the type of meter such customer would need to pay for.
“EEDC is dedicated to improving the supply of electricity to its esteemed customers, ending estimated bills, and addressing all service problems,” he said.
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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