Business

Power Institute Seeks Synergy To Promote Consumers’ Right

Published

4 years ago

April 1, 2022

Director-General, National Power Training Institute (NAPTIN), Mr Ahmed Nagode,has urged more synergy among stakeholders in the power sector to promote the rights and obligations of consumers.
Nagode made the call at a one-day National Electricity Consumer Protection Education Awareness Forum in Abuja yesterday.
The event was organised by NAPTIN, in collaboration with the Association for Public Policy Analysis (APPA).
He said that the awareness programme was imperative as consumers’ right and protection was important.
According to him, consumers constitute big stakeholders in the Nigeria power sector.
“Consumers need to be aware of their civic rights and at the same time need to be aware of their civic responsibilities,’’ he said.
The NAPTIN boss said that stakeholders should give more attention in terms of training, with proper coordination to consumers’ right and protection.
“We are all consumers; if we are protecting consumers’ right and obligations we are protecting ourselves and also protecting and promoting our interest.
“In any country, consumer’s right is important, you need not surcharge the consumer, you need to give them their rights. They have civic rights and these are engrave in the laws of the land.
“ Consumers need to pay their bills as at when due but to whom much is given, much is expected. You must give them what will make it possible for them to exercise their rights, and this is what will make the system work. ‘’ he said.
Nagode, however, said that NAPTIN was ready to collaborate with other stakeholders in the power sector to carry out more training on consumer right.
Mr Princewill Okorie, the National President, APPA said that it organised the programme as the power sector was critical to development of the economy.
“We found out that implementation of section 80 and 81 of the Electricity Power Sector Reform Act that deal with electricity consumer protection and licensee performance standards are not well enforced.
“We observe unfair business practices against consumers and going further, we found out that consumers lack knowledge and information and are even scared to protect themselves.
“So, the training will equip the consumer with knowledge on the standards and procedures governing them, thereby, enhancing the relationship between them and Electricity Distribution Companies ’’.
Also, Mr Shittu Shaibu, Deputy Director, Consumers Affairs, Nigerian Electricity Regulatory Commission said that it had been working with all stakeholders to address the issue of consumer right.
Shaibu said that there was the need for more to be done to enlighten the consumer of his or her right and obligations.
“I can assure you that there are enough regulations, compliance and collaboration with Federal Competition and Consumer Protection Commission (FCCPC) as well as the National orientation Agency and others that are responsible for ensuring consumers are protected,’’ he said.
Also speaking, Mrs Mercy Ogwu, FCCPC Deputy Director, Consumer Education said that the consumer right provided a way for individuals to fight back against abusive business practices.
Ogwu said that awareness was key to consumers’ right, and that if consumers knew something existed to their benefits, they would demand for it and ensure they are not surcharged,
“This action will make the market place fairer for business transactions,’’ the deputy director noted.
She reiterated FCCPC’s committment to always support such programmes to increase consumer awareness, protection of consumers rights and ensure a fair playing ground in the market place.

Business

Agency Gives Insight Into Its Inspection, Monitoring Operations

Published

2 days ago

January 12, 2026

The Tide

The Director, South South Zone National Agency for Food Drug Administration and Control (NAFDAC), Pharmacist Chujwuma P.Oligbu has said its thorough implementation of its core mandate of monitoring has no link with witch-hunting or fault finding as perceived at some quarters.

Oligbu, made this known when he spoke as as guest at the maiden Rivers state Supermarkets stakeholders’ Seminar/Workshop in Port Harcourt recently.

Rather, he said they were mere opportunities for education, correction and continuous improvement.

The Agency’s South South Boss, noted that Supermarket operators who maintain transparent records, cooperate during inspections, and promptly address identified gaps demonstrate professionalism and commitment to public health standard.

He listed the deserving essence of supermarket operation to include the key aspects of supermarket operation that deserves emphasis is product sourcing.

“Supermarkets must ensure that all regulated products stocked on their shelves are duly registered with NAFDAC and sourced from legitimate manufacturers or distributors”, he said .

According to him, the presence of unregistered, expired, counterfeit, or improper labelled products undermines consumer confidence and poses serious health risks.

He pointed out that such has the likelihood of exposeing supermarket operators to legal sanctions that could damage their reputation and financial stability.

The NAFDAC Operator, further enlightened the participants that mere registration of a particular product with the Federal agency do not guarantee absolute consumption safety.

“Temperature control, cleanliness, pest control, stock rotation, and proper shelving are not optional practice; they are essential components of compliance”, he said.

The South South zonal director also told the operators of supermarket that their employees rotine training on the basis of the product they display for sale is of utmost importance.

In her presentation a Breast Milk Nutrition Expert , Professor Alice Nte of University of Port Harcourt Teaching Hospital (UPTH), was against the body’s prime attention to breast milk substitute or baby milk in supermarkets as well as its advertisement or promotion.

Nye jerked up the importance of mothers breast milk to the newborn baby and added that it help in fighting against childhood diseases, infections and combating cancer in breastfeeding mothers.

Meanwhile, NAFDAC Deputy Director, South – South Zone , Mrs. Riter Chujwuma educated the participants on the guidelines for global listing, and the need to adhere strictly to rules guiding global listing to avoid confiscation of their imported products.

By: King Onunwor

Business

BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS

Published

2 days ago

January 12, 2026

The Tide

The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.

In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.

According to the data, more than 4.3 million new BVNs were issued within the one-year period, underscoring the growing adoption of biometric identification as a prerequisite for accessing financial services in Nigeria.

NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.

Analysts linked the growth largely to regulatory measures by the CBN, particularly the directive to restrict or freeze bank accounts without both a BVN and National Identification Number (NIN), which took effect from April 2024.

The policy compelled many customers to regularise their biometric records to retain access to banking services.

Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.

The programme has been widely regarded as a milestone in integrating the diaspora into Nigeria’s formal financial system.

A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.

However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.

The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.

Business

AFAN Unveils Plans To Boost Food Production In 2026

Published

5 days ago

January 9, 2026

The Tide

The leadership of the All Farmers Association of Nigeria (AFAN) has set the tone for the new year with a renewed focus on food security, unity and long-term growth of the agricultural sector.

The association announced that its General Assembly of Farmers Congress will take place from January 15 to 17, 2026 at the Abuja Chamber of Commerce and Industries, along Lugbe Airport Road, in the Federal Capital Territory.

The gathering is expected to bring together farmers, policymakers, investors and development partners to shape a fresh direction for Nigerian agriculture.

In a New Year address to members and stakeholders, AFAN president, Dr Farouk Rabiu Mudi, said the congress would provide a strategic forum for reviewing past challenges and outlining practical solutions for the future.

He explained that the event would serve as a rallying point for innovation, collaboration and economic renewal within the sector.

Mudi commended farmers across the country for their determination and hard work, despite years of insecurity, climate-related pressures and economic uncertainty.

According to him, their resilience has kept food production alive and positioned agriculture as a stabilising force in the national economy.

He noted that AFAN intends to build on this strength by resetting agribusiness operations to improve productivity and sustainability.

The AFAN leader appealed to government institutions, private investors and development organisations to deepen their engagement with the association.

He stressed the need for collective action to confront persistent issues such as insecurity in farming communities, climate impacts and market instability.

He also urged members to put aside internal disputes and personal interests, encouraging cooperation and shared responsibility in pursuit of national development.

Mudi outlined key priorities that include increasing food output, expanding support for farmers at the grassroots and strengthening local manufacturing through partnerships with both domestic and international investors adding that reducing dependence on imports remains critical to protecting the economy and creating jobs.

He stated that the upcoming congress will feature the launch of AFAN’s twenty-five-year agricultural mechanisation roadmap, alongside the announcement of new partnerships designed to accelerate growth across the value chain.

Participants, he said wi also have opportunities for networking and knowledge exchange aimed at transforming agriculture into a more competitive and technology-driven sector.

As part of its modernisation drive, AFAN is further encouraging members nationwide to enrol for the newly introduced Digital ID Card.

Mudi said the initiative will improve transparency, ensure proper farmer identification and make it easier to access support programmes and services.

Reaffirming the association’s long-term goal, he said the vision of national food sufficiency by 2030 remains achievable if unity and collaboration are sustained.

He expressed optimism that with collective effort, Nigeria’s agricultural sector can overcome its challenges and deliver a more secure and prosperous future.

Lady Usendi