The generation companies, yesterday, disclosed that the Federal Government, through its agency, Nigerian Bulk Electricity Trading (NBET) is owing it over NI.644trillion, a situation, they claim, has incapacitated their operations.
The Executive Secretary and the spokesperson of the generation companies (GenCos), Dr Joy Ogaji, who disclosed the figure when he spoke with newsmen in Abuja, also said that NBET was owing stranded available capacity from 2015 till date.
She added that the government has never paid them subsidy.
“Rather, what they paid was the part-payment of what it owes the GenCos”.
According to her, the N701billion the government paid was just to offset 80per cent energy losses from 2017 to 2018.
“From 2015 to 2016, there is a big chunk of money being owed us. From that amount, the N701billion was used to cover 80per cent invoices of 2017 and 2018, and what it covered was energy only.
“If you understand the difference between energy and capacity, you will be able to understand that when the GenCos came on board, their Power Purchase Agreement (PPA) was capacity and energy. NBET contracted all the GenCos’ capacity. And the contract says we should ramp up capacity within five years.
“From 2013 till date, power has been stranded.
“From 2015, we had 6.616megawatts available, and 3,606 was taken or utilised while 3,010 was stranded or unutilised and the capacity payment loss was N214.93billion
“For 2016, we generated an average of 7,040megawatts. Out of the figure, only 3,212 was taken or utilised. The stranded or unutilised capacity amounted to 3,828 and the capacity loss was N273.32billion.
“In 2017, we made 6,871megawatts available when the Niger Delta boys tampered with the gas pipeline. That’s why power reduced from 7,040 to 6,871.
“Out of that, only 3,599megawatts was taken and 3,312 was left stranded. That is, the capacity payment loss came to N236.47billion.
“For 2018, we made 7,506megawatts available. Out of that, only 3,808 was taken or utilised while 3,699 was not taken or stranded or unutilised. And the capacity loss from there was N264.08billion.
“In 2019, we made generation up to 7,381megawatts. Out of that, only 3,782 was taken. The stranded capacity was 3, 599megawatts. The equivalent in terms of capacity loss was N256.97billion.
“In 2020, generation rose to 7,993 megawatts, (nearly 8,000) and what was utilised was 4,050megawatts. A difference of 3,742megawatts was stranded or unutilised. The capacity payment equivalent was N266.10billion
“In 2021, 6,336.51megawatts was available and what was utilised was 4118.98megawatts. What was stranded was 2245.50megawatts. The capacity payment loss was N120.25billion.
“In January, this year, we had 613.99megawatts. The average utilised capacity was 4,122.96megawatts. Stranded was 1981.03megawatts. For only January, we recorded N12billion.
“Currently, unpaid available capacity we are owed by NBET is N1,644.15trillion”, she said.
Publish Details Of Parties’ Financial Transactions, SERAP Tasks INEC
Socio-Economic Rights and Accountability Project (SERAP) has asked the Chairman of the Independent National Electoral Commission (INEC), Prof Mahmood Yakubu, to publish the reports of parties’ accounts and balance sheets.
The body also wants details of the guidelines and steps being taken to prevent vote buying in the forthcoming elections and to prosecute vote buyers and other electoral offenders.
In a letter, yesterday, SERAP Deputy Director, Kolawole Oluwadare, noted that citizens have the right to know about the accounts and financial transactions of parties.
He said transparency and accountability would curb the influence of money in politics, promote a level playing field, and remove the risks to the independence of political actors and would-be public office holders.
The organisation insisted it is both immoral and illegal to pay citizens to vote for a particular political party or standard-bearer.
“Unpunished cases of vote buying would continue to undermine good governance, the rule of law, moral values, as well as hinder citizens’ participation in elections”, it said.
SERAP told INEC that when candidates buy votes, there are possibilities that they will disregard for democratic rules.
“Vote buying and related electoral offences encourage poor governance and weaken citizens’ capacity to hold their elected officials accountable for their actions.”
SERAP charged the electoral umpire to collaborate with anti-corruption agencies to ensure the effective prosecution of any outstanding cases of vote buying and related electoral offences.
The letter urged INEC to act within 14 days or face legal actions that would compel it to comply with the request.
RSG Recommits To Engaging Youth Positively
The Rivers State Government has said it was committed to engaging youths positively and empowering them.
The State Chief Executive, Chief Nyesom Wike, stated this during the opening ceremony of the Uplifting African Youth Through Basketball Programme in Port Harcourt, last Friday.
Represented by his Deputy, Dr. Ipalibo Harry Banigo, Wike said the issues of youths and young adults were very important to his administration, while expressing delight that youths were being built up with critical life skills in sports, communication, and entrepreneurial leadership skills needed for Rivers State, Nigeria, and Africa.
“This administration is very interested in youth engagements, we want to make sure that our youths are very inclusive, participate, play their roles, and be well mentored and well-motivated to be able to fulfill all of their potentials in life, educationally, in sports, morally and so we are here to support”, the governor stressed.
The governor expressed gratitude to the leader of the Organised Basketball Network (OBN) and his team, for their efforts and the support of the US Consulate, while urging them to visit the Real Madrid Football Academy in Port Harcourt, to appreciate the efforts of the state government in the area of youth engagement.
The youth friendly governor, said “I want to encourage our youths that as you walk together in the next two days, you would learn how to be tolerant with one another and to know that gender based violence is totally not acceptable and that it is inhumane, I know it is just two days, but a lot can be achieved that can be life time impactful”.
In her remarks, the United States Consulate’s Deputy Public Affairs Officer, Jennifer Foltz said the United States and Nigeria have very special and close relationship, adding that the Consulate feels this was the right time to do a sports programme.
“Sports diplomacy is part of what we do, it is part of some ways we build stronger relationships between our two countries, sports brings people together, and even if you do not speak the same language you can still play sports together”, Foltz stressed.
Earlier, the leader of the Organised Basketball Network, Obinna Ekezie said OBN was a platform founded for the development of grassroots basketball in Nigeria and Africa with a mission to develop the next generation of world-class African student athletes and consistently create opportunities to help them advance their careers overseas, through basketball scholarship.
He said the project uplifting African youths was a project to provide inclusion and opportunities for under privileged talented African youths to learn important life skills through basketball.
PDP Assembly, Reps Candidates Emerge In Rivers
Candidates for the House of Representatives and House of Assembly have emerged following the conduct of primaries by the Peoples Democratic Party (PDP) in Rivers State, yesterday.
According to the official results, Solomon Bob emerged the party’s candidate for Abua/Odual/Ahoada East Federal Constituency while Victor Obuzor emerged the candidate for Ahoada West/Ogba/Egbema Federal Constituency.
Also, Awaji Inombek Abiante won the ticket for Andoni/Opobo Federal Constituency, just as Boma Goodhead returned elected for the Asari-Toru/Akuku-Toru Federal Constituency while Cyril Godwin Hart won Degema/Bonny Federal Constituency ticket.
The results further show that Felix Nwaeke emerged the candidate of the PDP for Eleme/Tai/Oyigbo Federal Constituency, with Boniface Emerengwa emerging winner for Ikwerre/Emohua Federal Constituency.
In the same vein, Kelechi Nwogu cruised to victory as the candidate for Etche/Omuma Federal Constituency while Dumnamene Dekor won Khana/Gokana Federal Constituency ticket.
Similarly, Kingsley Ogundu Chinda emerged the House of Representatives candidate for Obio/Akpor Federal Constituency, while Alabo Victor Tamunomiekaye won Okrika/Ogu/Bolo Federal Constituency ticket.
Chima Boms won Port Harcourt Federal Constituency 2 while Barrister Blessing Amadi is the winner of the primary election for Port HarcourtFederal Constituency 1.
For the Rivers State House of Assembly primary, Hon Dominic Iderima picked the ticket for Abua/Odual, Mrs Queen Williams picked the ticket for Ahoada East 1,Rt Hon Ehe Edison emerged the candidate for Ahoada East 2, while Hon Sokari Goodboy Sokari cruised to victory for Ahoada West.
Hon Major Jack won the ticket for Akuku-Toru 1, Hon Opuende Lolo Isaiah is the candidate for Akuku-Toru 2, Hon Ofiks Kabangs Christopher grabbed the ticket to represent Andoni, whileHon Tekena Wellington Granville got the ticket for Asari-Toru 1.
Also, a serving member, Enemi Alabo George easily won the ticket for Asari-Toru 2, just as Hon Victor Oko Jumbo got the nod to represent Bonny, while Hon Abbey Peter emerged the candidate for Degema.
Hon Igwe Obey Aforji emerged the PDP candidate for Eleme, Emohua will be represented by Mrs Justina Emeji, Hon Onwuka Ignatiuswon the ticket to represent Etche 1, while Hon Chimezie Nwankwor is the candidate for Etche 2.
The present member representing Gokana, Hon Dumle Maol, will retain his ticket for the seat, Prince Lemchi Nyeche emerged the candidate for Ikwerre 1, Mrs Barile Nwakoh won the ticket for Khana1, while Barrister Dinebari Loolo got the ticket for Khana 2.
In Obio/Akpor1, Hon Amaewhule Martin Chike was returned, just as Mrs Emilia Lucky Amadi emerged the candidate for Obio/Akpor 2, and Frankline Nwabochi will fly PDP flag for Ogba/Egbema/Ndoni1.
In the same token, Mrs Nkemuika Ezekwe will fight for Ogba/Egbema/Ndoni2 seat on the platform of the PDP, Davids Arnold Okobiriari won the ticket for Ogu/Bolo, a serving member, Somiari Steward Linda will return in Okrika, while Nwankwo Sylvanus emerged for Omuma seat.
Orubienimigha Adolphus grabbed the ticket for Opobo/Nkoro,Hon Gerald Oforji emerged for Oyigbo, Solomon Wami won the ticket for Port Harcourt1,Hon Tonye Smart Adoki will return for Port Harcourt2, Hon Azeru Opara emerged for Port Harcourt3, and Ngbar Bernard Baridamue won the ticket for Tai.
By: Nelson Chukwudi & Reward Akwu
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