News
Bill To Reform Power Sector Passes 2nd Reading In Senate …As Reps Probe DisCos Over Illegal Billing
The Senate, yesterday, at plenary passed for second reading, a Bill for an Act to repeal the Electricity Power Sector Reform Act 2005.
Presenting the lead debate on general principles of the bill, its sponsor, Sen. Gabriel Suswan (PDP-Benue), said that the bill seeks among other reasons to repeal the Electric Power Sector Reform Act 2005.
He said that the bill also seeks to consolidate all legislations in Nigerian Electricity Supply Industry (NESI) and enact an omnibus electricity act for the industry to provide the ideal legal and institutional framework that would guide the post-privatisation phase of the industry in Nigeria.
According to him, the bill also seeks to provide the framework that would attract more investors to leverage on the modest gains of the privatised electricity industry in Nigeria to accelerate growth in power incapacity and improve generation of power through increased investment in new technologies.
This, he said would enhance transmission and distribution of power generated and minimise aggregate value chain loses.
Suswam said, in spite of the modest milestones recorded in the Nigerian power sector, the sector has not been able to make electricity available to 75 per cent rural population as envisaged in the National Electric Power Policy.
“This is because the sector is currently plagued with a number of challenges some of which are operational constraints that emerged after the privatisation exercise.
“While others may be attributed to the gaps inherent in the extant statutory framework,” he explained.
He said that the privatised power sector in Nigeria was facing a myriad of post-privatisation challenges, including the absence of tariffs, inadequate enumeration, metering of consumers, limited access to funds for investment.
Other challenges according to him include high levels of Aggregate Technical Commercial and Collection (ATC &C) losses and poor revenue generation.
“All these constraints have received various interventions by the Executive and Legislative arms of the Federal Government over the years.
“But these challenges have continued to threaten the viability of successor companies, including their financial capacity to invest in network improvement to guarantee reliable power supply as envisaged in their respective Performance Agreement.”
He said that apart from the operational constraints confronting the post-privatised power sector in Nigeria, the principal act which was the extant legal framework for the industry has some gaps and shortcomings that made it unsuitable to adequately govern activities of the market operator and market participants.
He said that the bill, when passed would provide the framework for power diversification through the use of cleaner renewable energy sources.
“The bill will also eliminate current barriers to private sector investment across the power value chain and attract the funds needed to address the current funding gaps confronting the industry since the privatisation of the power sector,” he said.
The bill, after passing second reading, was referred to the Committee on Power by President of Senate, Dr Ahmad Lawan, for further legislative work.
The committee is expected to report back to plenary in four weeks.
Similarly, to check the trend of high electricity tariffs by electricity distribution companies (DisCos), the House of Representatives has mandated its committee on power to investigate the allegations of over-billing by Nigerians.
The committee is to investigate the allegations of overbilling, illegal tariff increase, and non-compliance to the directives of the Nigerian Electricity Regulatory Commission (NERC).
The decision to investigate the DisCos followed the adoption of a motion moved by Bello Shamsudeen from Kano.
Shamsudeen said the NERC ordered that refunds be made to overbilled customers of Electricity Distribution Companies through energy credit of excess charges to the affected individuals and businesses.
He stated that some DisCos are not complying with the directives of NERC.
Shamsudeen said some DisCos are violating Regulation 9(7) of NERC Meter Reading, Billing, Cash Collection and Credit Management for Electricity Suppliers’ Regulation 2007.
The committee was mandated by the House to revert to the House within three weeks.
News
Victory Over Insurgency Certain, Tinubu Assures
President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.
The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.
He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.
Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.
“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.
“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.
The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.
Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.
He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.
“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”
The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.
The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.
Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.
News
US Embassy, Lagos Consulate Close Today For President’s Day
The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.
The mission made this known in a notice shared on its official X page, yesterday.
“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.
According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.
The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.
In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.
Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.
News
Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role
United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.
Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.
The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.
Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.
“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.
The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.
Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.
The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.
In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.
“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.
Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.
He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.
Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.
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