News
Electricity Supply’ll Improve Within Six Months -Minister

Minster of Power, Mr Adebayo Adelabu, has assured Nigerians that the ongoing power upgrade and investment in power sector would improve electricity supply within the next three to six months.
Adelabu gave the assurance during a working visit to some ongoing projects in Maryland and Alausa substations yesterday in Lagos.
The Tide’s source reports that Adelabu visited Ikeja Electric and other ongoing projects in Lagos metropolis.
He disclosed that upgrading some substations in Lagos by Transmission Company of Nigeria (TCN) had commenced on 30MVA transformers to 100 MVA and 205 MVA in Maryland and Alausa, respectively.
The minister maintained that the Federal Government’s position on the implementation of a cost reflective tariff for the power sector was inevitable.
He said that investment across Distribution Companies (DisCos) was low due to the unavailability of funds to carry out infrastructure upgrades, appealing to the companies to ensure good service delivery to justify tariff review.
He said the ministry would do all it could to ensure that DisCos up their games through massive investment, noting, “if that fails, it will resort to legal backing.”
Adelabu bemoaned the rising cases of vandalism of power assets across the country, recommending capital punishment for vandals.
He labelled vandals of power assets as “killers of people and saboteurs of business growth”.
“We need scapegoats. We are ready to give them the right punishment in terms of prosecution.
“Punishment for vandals should go beyond six months jail term. Capital punishment should be meted out for power vandals. They kill people, and they kill businesses,” he said.
Adelabu added that all hands must be on deck among operators within the power sector value chain.
He said it remained worrisome that the country with an installed capacity of 13,000MW was generating a paltry 5,000MW.
The minister said the government to further advance his strategy of overcoming the present impasse, Adelabu pledged to change his master plan from top-to-bottom approach to bottom-to-top.
“Going forward, efforts will now be concentrated on development and infrastructure upgrade from DisCos to GenCos and then transmission.
“If we get it right at the DisCo level, then we are most certain that we are almost getting there. The meeting is planned, not accidental. You have made landmark achievements in the last 10 years.
“You have done well in relation to other DisCos. We can just shake your hands and leave, but they said the biggest room is the room for improvement.
“You are a model DisCo, the biggest in terms of revenue collection. I don’t know the one that is bigger between you and Ibadan DisCo, in terms of industrial clusters, because I am aware there are a lot of industries within your catchment areas,” he said.
Adelabu urged Nigerians to continue contributing positively to the growth of the country in spite of the current economic challenges.
“It is a bad time for the country. I mean, if you look at the hardship in terms of commodities and prices, these have affected the purchasing power of a lot of people.
“I believe that this is the time for all of us to wake up and do things well for the country.
“Though, I am bothered about what is happening, but I am not discouraged.
“This is the time that you (DisCos) should work hard with us to get desired improvements in power supply to people and businesses,” he added.
He urged DisCos to work closely with the government to expedite national development through a sustainable power sector for reliable and cost-effective sustainable power supply.
Earlier in her address, the Chief Executive Officer of Ikeja Electric, Mrs Folake Soetan, while reeling out some of the giant strides recorded by the company, said that the company had achieved a lot in terms of infrastructure upgrades and capital expenditure.
Soetan said that the company’s total CAPEX in 2015 was N5 billion but grew to N50.58 billion in 2023.
She added that average revenue collection in 2015 was N3.75 billion and grew to N18.22 billion as at 2023.
On metering, she said 30,000 meters were deployed to consumers as at 2015, while the figure hit 800,000 as at 2023.
Soetan lamented that revenue collection in the industry was largely hampered by the huge metering gap and non-payment of bills.
She worried that meter bypass and energy theft contributed immensely to the losses recorded by DisCos.
The Ikeja Electric boss said power generating capacity was still significantly lower than the demand for electricity.
This she noted that had resulted in frequent power outages and load shedding.
News
Ibas Inaugurates RSIEC, Service Commissions, Healthcare Board In Rivers …Charges Appointees To Embrace Principles Of Service

The Administrator of Rivers State, Vice Admiral (Rtd) Ibok-Ete Ibas, has charged newly appointed Board members to uphold the highest standards of discipline, competence, integrity, and unwavering dedication in their service to the State.
He emphasized that such commitment is critical to stabilizing governance, restoring democratic institutions, and advancing the principles of good governance in the State.
This was contained in a statement by the Administrator’s Senior Special Adviser on Media, Hector Igbikiowubo on Monday.
Ibas issued the charge on Monday while inaugurating the reconstituted Rivers State Independent Electoral Commission (RSIEC), Rivers State Civil Service Commission, Rivers State Local Government Service Commission, and the Rivers State Primary Health Care Management Board at Government House, Port Harcourt.
The Administrator urged the new appointees to embrace their roles with diligence, patriotism, and a commitment to transforming Rivers State through excellent service.
Addressing the Chairman and members of RSIEC, Ibas underscored their pivotal role in ensuring credible local government elections that reflect the will of the people.
“Your task is clear but demanding: to conduct free, fair, transparent, and credible elections at the grassroots level. You must resist bias, favoritism, and external interference while restoring public confidence in the electoral process,” he stated.
“The independence of your actions is crucial to sustaining peace, stability, and grassroots governance. I urge you to act with fairness, impartiality, and professionalism—even in the face of difficult choices,” Ibas added.
The Sole Administrator also charged the Rivers State Civil Service Commission on the need to eliminate mediocrity and foster a culture of excellence through merit-based recruitment, training, and promotions.
“The civil service must transition from favoritism to competence, integrity, and accountability. Your commission will lead reforms, including digital transformation and standardized practices across ministries, departments, and agencies,” he said.
He disclosed that extensive training programmes are underway, with a committee set up to overhaul the public service framework for greater efficiency.
Meanwhile, Ibas urged the Rivers State Local Government Service Commission to ensure professionalism and discipline in local government administration.
“As the closest tier of government to the people, you must drive reforms that insulate the system from politics and mediocrity. Your mandate includes merit-based recruitment, training, and enforcing standards for effective service delivery,” he stated.
In the same vein, the Administrator charged the Rivers State Primary Health Care Management Board with revitalizing healthcare delivery across the state’s 23 local government areas.
“Primary healthcare is the foundation of a sustainable health system. Your board must ensure facilities are adequately staffed, equipped, and operational focusing on maternal health, immunization, malaria control, and community health services,” he said.
He emphasized data-driven operations, incentives for rural health workers, and restoring the referral system to improve healthcare access.
He also assured the Board of sustained government support, including funding, for the effective discharge of their mandates but warned that board members would be held accountable for their performance.
The newly inaugurated members include: RSIEC: Dr. Michael Ekpai Odey (Chairman) with Prof. Arthur Nwafor, Prof. Joyce Akaninwor, and others as members.
Civil Service Commission: Dr. Livinus Bariki (Chairman), Amb. Lot Egopija, Mrs. Maeve Bestman, and others.
Local Govt. Service Commission: Mr. Isreal Amadi (Chairman), Rear Adm. Emmanuel Ofik (Rtd), Dr. Tonye Pepple, and others.
Primary Health Care Board: Dr. Dawari George (Chairman), Dr. Chituru Adiele (Executive Director), Prof. Kaladada Korubo, and representatives from key ministries.
News
Rivers PDP Debunks Sale Of LGA Election Forms

The Publicity Secretary of the Peoples Democratic Party (PDP) in Rivers State, Dr. Kenneth Yowika, has debunked claims that the party has commenced sale of forms for chairmanship and councillorship elections across the 23 local government areas of the state.
Yowika made the rebuttal in a statement made available to newsmen on Wednesday, describing the publication on the social media as baseless and untrue.
He urged members of the PDP to disregard the claim, saying that official communication regarding the sale of forms would be disclosed through the appropriate channels.
“With reference to information trending on social media, it has been falsely claimed that the sale of forms for Chairmanship and Councillorship elections in the 23 Local Government Areas (LGAs) of Rivers State will begin soon.
“However, the party has firmly denied these rumours, stating that they are baseless and untrue.
“The party has its own established methods of reaching out to its numerous supporters.
“The People’s Democratic Party, a law-abiding organisation, will patiently await the release of guidelines from the recently inaugurated Rivers State Independent Electoral Commission (RSIEC) before considering any sale of election forms.
“The PDP is urging its members to remain calm as official communication regarding the sale of forms will be disclosed through appropriate channels,” the statement read.
Enoch Epelle
News
South-South contributes N34trn to Nigeria’s economy in 2024 – Institute
Prof. Pius Olanrewaju, President of the Chartered Institute of Bankers of Nigeria (CIBN), has stated that the South-South region contributes N34 trillion to country’s economy in 2024.
He made the remark at the South-South Zonal Banking and Finance Conference in Calabar, yesterday.
He spoke on the theme, ‘’Building An Inclusive South-South: Economic Diversification as a Catalyst For Development.’’
Olanrewaju, who quoted the data from the Cable Data Index, said the feat was more than 21 per cent of Nigeria’s real Gross Domestic Product (GDP).
The president described the growth as ‘’ impressive,’’ saying that it was not driven by oil alone but significant expansions in trade, services, and the creative industries.
According to him, to fully harness this potential, coordinated financial, technological, and policy support is essential.
“As we work to reposition the South-South for broad-based prosperity, the financial system must play a central role, not merely as a source of capital, but as a catalyst for innovation, ideas incubation, and inclusive economic growth.
“This conference, therefore, provides a strategic opportunity for stakeholders to reimagine the South-South economy, not merely as a resource belt, but as a region of diverse capabilities and resilient enterprises.”
Olanrewaju added that Nigeria must move beyond old models and chart a new course for the development of the South-South region, where financial institutions and stakeholder collaborate to diversify the economy for shared prosperity.
He, however, commended Gov. Bassey Otu for his pledge of land for CIBN Secretariat in Cross River and being the first sitting governor to willingly undergo and complete the Chartered Bankers Programme.
On his part, Gov. Otu said that the conference discussion on the economic diversification in South-South region was timely against the backdrop of global trade and economic volatility that was affecting the nation’s economy.
Represented by his deputy, Mr Peter Odey, Otu said the South-South region must now act with urgency to diversify its economy while leveraging its shared natural endowment in agriculture and extractive resources.
“This conference must help develop tailored financial solutions that reflect the unique strengths and realities of states like Cross River in the south-south.
“Diversification should be evidence-based and must be backed not just by financial advice but project focused financing and real investment support,” he noted.
He said that Cross River had taken the bold step to invest in its agricultural sector by launching an Agro processing hub.
Otu further said that the state had invested in aviation by acquiring more aircrafts for Cally Air, construction of the Bakassi Deep Seaport and injecting N18 billion in its tourism sector.
Similarly, Mr Tolefe Jibunoh, Cross River Branch Controller of the Central Bank of Nigeria (CBN) said that the region was blessed with natural resources, cultural diversities and immense human potentials.
Jibunoh, who was represented by Mr Segun Shittu, Head, Currency Control Office, CBN, Calabar, noted that strategic diversification could unlock unprecedented opportunities for growth in the region.
He added that the CBN remained steadfast to maintain monetary possibilities and promote a sound financial system as a catalyst for sustainable economic development for the benefit of all.
-
Business2 days ago
Replace Nipa Palms With Mangroove In Ogoni, Group Urges FG, HYPREP
-
News2 days ago
South-South contributes N34trn to Nigeria’s economy in 2024 – Institute
-
Niger Delta2 days ago
Police Rescue Kidnap Victim, Recover Pistol In A’Ibom
-
Politics2 days ago
INEC Trains Political Parties Officials On ICNP Use Ahead By-Elections
-
Business2 days ago
Industry Leaders Defend Local Content, … Rally Behind NCDMB
-
Business1 day ago
NCDMB, Dangote Refinery Unveil JTC On Deepening Local Content
-
Niger Delta2 days ago
C’River Hands Over Rubber Plantation to Private Company
-
Rivers2 days ago
Macobarb CEO Cries Out, Says No Indigenous Contractor Can Win Case Against NLNG Or Oil Majors in Nigerian Courts …As Justice Nwogu Throws Out Macobarb’s N5.74bn Claim