News
Discos failed to remit N208bn in 2022, says FG
Figures obtained on Sunday from the latest Fourth Quarter 2022 Report of the Nigerian Electricity Regulatory Commission, a Federal Government agency, as well as those from the First, Second and Third quarters showed that the Discos never made complete remittances all through the period.
There are about 11 power distribution companies in Nigeria responsible for distributing electricity to consumers in their respective franchise areas of operation. They include Abuja, Benin, Eko, Enugu, Ibadan, Ikeja, Jos, Kaduna, Kano, Port Harcourt, and Yola Discos.
The Discos were created in 2013 as part of Nigeria’s power sector reforms aimed at improving the efficiency and reliability of electricity supply across the country.
The firms collect electricity bills from consumers on behalf of power market. They make remittances to the power market through the Nigerian Bulk Electricity Trading Plc and the Market Operator, an arm of the Federal Government-owned Transmission Company of Nigeria.
But figures obtained from the power sector regulator showed that the Discos did not remit N49.23bn, N31.3bn, N58.3bn and N69.94bn in the fourth, third, second and first quarters of 2022, respectively, making a total of N208.8bn.
Commenting on market remittance, in its fourth quarter report, the NERC said, “The combined invoices issued to the Discos in 2022/Q4 was N231.01bn consisting of: i) generation costs from the Nigerian Bulk Electricity Trading company: N188.74bn; ii) transmission and administrative services from the Market Operator: N42.27bn.”
“From this amount, the Discos collectively remitted a total sum of ₦181.78bn (₦145.91bn for NBET and ₦35.87bn for MO) with an outstanding balance of ₦49.23bn.”
The commission stated that poor remittance by the Discos was a direct consequence of the power firms recording higher than allowed Average Technical Commercial and Collection losses.
The NERC also stated that the combined invoices issued to the Discos in the third quarter of last year was ₦204.84bn, adding that this was split into generation costs from the NBET, ₦164.34bn; and transmission and administrative services from the MO, ₦40.50bn.
“Out of this amount, the Discos collectively remitted a total sum of ₦173.55bn (₦140.67bn for NBET and ₦32.88bn for MO) with an outstanding balance of ₦31.29bn.”
On the power market remittance in the second quarter, the NERC stated that the combined invoices from the NBET and MO to the Discos in Q2 2022 was N185.01bn, split into generation costs – N149.89bn, while transmission and administrative services was put at N35.12bn.
Similarly, data sourced by our correspondent from the Q1, 2022 report of the NERC on market remittance indicated that the combined invoices from NBET and MO to Discos in the first quarter of last year was N205.63bn, split into generation costs – N164.86bn; while transmission and administrative services was N40.77bn.
“Out of this amount, the Discos collectively remitted a total sum of N135.69bn (N109.96bn for NBET and N25.73bn for MO) with an outstanding balance of N69.94bn,” the commission stated.
Nigeria’s power sector is faced with liquidity crisis and one of the reasons for this is the poor remittances by power distribution companies to the electricity market since the privatisation of the industry in November 2013.
The President, Nigeria Consumer Protection Network, and coordinator, Power Sector Perspectives, Kunle Olubiyo, urged the new government led by President Bola Tinubu to take a holistic look at the power sector.
He told our correspondent in a recent interview that the privatisation of the successor distribution and generation companies of the defunct Power Holding Company of Nigeria in November 2013, should be reviewed.
This, he said, was particularly due to the dysfunctional outputs of the power distributors since they were privatised, adding that the 10-year moratorium on power sector privatisation would end this year.
Olubiyo said, “When this moratorium expires by October, naturally it will be without litigation because they’ve given the privatised companies 10 years. And so if in between the lines we try to shift the goal post, then litigation can arise.
“If not for the activities of the banks that are now involved in the day-to-day running of some Discos, there is no way we would have been able push out this height of impunity in the sector. People make as much as N15bn in a month and they will still have a licence for zero remittance.
“As consumers, are we not paying our power bills? For the generation companies, don’t they pay for gas? And somebody will collect money on our behalf and will not remit. So this system of privatisation cannot work and has not worked since the sector was privatised 10 years ago.”
The Abuja-based power sector expert and former member of the Presidential Adhoc Committee on Review of Electricity Tariff in Nigeria, further called on the government ro pull out its 40 per cent stake in the Discos and break the 11 distribution companies’ franchises into smaller units so as to break the present market monopoly and promote the ideals of a competitive electricity market.
President Bola Ahmed Tinubu has approved the immediate dissolution of the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties, ending the operations of a body that has overseen the privatisation, sale and lease of federal assets for more than two decades.
The decision was announced in a statement issued on Thursday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, President Tinubu directed that all matters relating to the committee’s activities will henceforth be handled by the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi.
The PIC was established in 2000 under the administration of former President Olusegun Obasanjo to supervise the disposal of Federal Government landed assets under the monetisation policy.
The committee was chaired by the then Minister of Housing and comprised representatives of the Ministries of Transportation, Justice, Health and Agriculture, as well as the Nigeria Police Force. Professor P.T. Ahire served as its pioneer secretary, while members were drawn from both the public and private sectors.
The statement recalled that the Federal Executive Council approved the establishment of a Panel of Inquiry on March 22, 2001, to produce a White Paper guiding the implementation of the committee’s recommendations. The panel worked for 21 months before submitting its report.
Explaining the decision, Onanuga said the Federal Government concluded that the committee had outlived its usefulness, as its activities had extended beyond its original mandate and resulted in multiple litigations across the country.
“After careful consideration, the Government has noted that the activities of the PIC had extended beyond its original mandate, resulting in multiple litigations across the country, and the continued existence of the Committee is no longer justified,” he said.
President Tinubu also directed that, with effect from November 5, 2025, all outstanding matters previously handled by the committee be coordinated by the Attorney-General of the Federation.
In addition, the former Secretary of the committee, B. S. Dutsin-Ma, was directed to immediately cease acting on behalf of the dissolved committee and the Federal Government on related matters.
The Presidency said the move is aimed at streamlining the management of issues relating to the alienation of Federal Government properties under the supervision of the Office of the Attorney-General of the Federation.
By Chinedu Sabastine
The Nigeria Premier Football League (NPFL) and Afrinvest have urged Nigerian clubs to embrace digital transformation, saying strong online presence, quality data and commercial partnerships are key to financial sustainability.
Speaking at a seminar for media and marketing officers of NPFL clubs in Enugu, NPFL Chief Operating Officer, Davidson Owunmi, challenged clubs to improve their digital platforms or risk missing sponsorship opportunities.
To underscore the importance of data, Owunmi offered a ₦100,000 reward to any club with a functional website containing comprehensive statistics from the just-concluded season, including player profiles, goals, match records and attendance figures.
He lamented that many clubs either lack functional websites or operate platforms with little useful content, stressing that data and digital engagement have become major revenue drivers in modern football.
“Our Gen Z audience lives online. If clubs are absent from the digital space, they cannot reach young fans, attract sponsors or benefit from e-commerce opportunities,” he said.
According to Owunmi, potential sponsors now demand audience and performance data before committing funds, but many clubs are unable to provide credible figures due to poor data generation.
He urged clubs to reduce dependence on government funding by strengthening their media and marketing departments, citing Rangers International’s ₦200 million sleeve sponsorship deal and other commercial partnerships as examples of what effective branding can achieve.
Owunmi also disclosed that from next season, the NPFL will introduce measurable digital benchmarks for clubs, including website functionality, quality content and social media engagement.
Afrinvest Manager, Emmanuel Eleojo, said the company’s partnership with Rangers International and the NPFL is anchored on its “Finance Meets Football” initiative, which promotes corporate investment in football.
He said Afrinvest’s support for Rangers since 2023 has boosted youth development, led to the establishment of the club’s academy and contributed to two league titles in three seasons, while producing players for the national team.
“When finance meets football, we see growth. We see progress. We see trophies won,” Eleojo said.
One of the lead paper presenters at the seminar, Mr George Isitua-Onukwu, who spoke on ‘Monetising NPFL Clubs Through Marketing, Sponsorship and Brand Investment’, harped on the need for the clubs to adopt a clear and timed approach to branding and marketing.
According to him, NPFL sponsors report hesitation because clubs cannot yet guarantee the consistent visibility and production quality brands ask for.
“Clubs without a structured calendar for renewals, activation briefs, and reporting are, by definition, always reacting,” he further stated.
The seminar brought together media and marketing officers from the 20 NPFL clubs to strengthen capacity in digital marketing, branding, content creation and data management aimed at improving the league’s commercial appeal.
A socio-political organization, Forum of Abia Democrats (FABD), has lauded the sterling leadership qualities of Dr Prince Michael Chiemezuo Agrippa.
Dr Prince Michael Chiemezuo Agrippa is the Nigeria Democratic Congress State House of Assembly candidate for Isiala Ngwa South Constituency of Abia State
Forum of Abia Democrats (FABD), whose membership is drawn from the seventeen (17) local government areas of Abia State in a statement on Thursday, hailed
Dr Prince Michael Chiemezuo Agrippa’s resilience and commitment to nation-building and development.
The statement by the forum was signed by the Chairman, Surveyor Samuel Azubuike and Secretary General, Victor Mbanaso.
While noting that Dr Michael Chiemezuo ‘s invaluable contributions towards deepening democracy in Abia state and Nigeria cannot be overemphasized, Forum of Abia Democrats(FABD) also noted that Dr. Prince Michael Chiemezuo Agrippa has remained unwavering in her pursuit of gender equality in the country.
The pro-democracy forum further noted that Dr Prince Michael Chiemezuo’s continued support for human empowerment, community development, and as well passion for good governance.
“Dr Prince Michael Chiemezuo Agrippa has remained committed to public service and also dedicated to the advancement of democratic values in Abia state and larger Nigeria. And this illustrious son of Abia state has continuously demonstrated his desire to contribute to societal building and development, having chaired and coordinated professional bodies effectively and efficiently.
Forum of Abia Democrats (FABD) therefore threw their weights behind Dr Prince Michael Chiemezuo Agrippa’s House of assembly bid, describing his recent emergence as the NDC State House of Assembly standard-bearer for Isiala Ngwa South state Constituency as a beginning of a new chapter of progress and purposeful leadership in Isiala Ngwa South.
The forum expressed confidence in the ability and capacity of Dr Prince Michael Chiemezuo Agrippa in driving even development and uplifting local communities across Isiala Ngwa South Constituency through attractions of government’s provision of critical infrastructural amenities and projects when elected into the Abia State House of Assembly come 2027.
According to the ethnic-nationality body, aside from attracting meaningful socio-economic and infrastructural projects across IIsiala Ngwa South Constituency, we believe Dr Prince Michael Chiemezuo Agrippa equally possessed the wherewithal to pursue and make impactful laws that strengthen all statutory and relevant institutions of democratic governance in Abia State.
“Dr Prince Michael Chiemezuo has remained a defender of justice and advocate for the rights and welfare of average Nigerians.
“The confidence and widespread acceptance he enjoy among the electorates in isiala Ngwa South state constituency will turn into electoral victory for NDC in the coming general election next year,”the forum noted.
Forum of Abia Democrats (FABD) pledged to rally bulk votes for NDC State House of Assembly Candidate, Dr. Prince Michael Chiemezuo Agrippa to ensure his total victory in the upcoming election in 2027 in isiala Ngwa South Constituency by the independent national electoral commission (INEC).
The southeast forum also used the medium to call on all eligible Nigerian citizens to participate in the ongoing nationwide voters registration exercise by INEC, so as to enable them exercise their franchise in next year’s general election in the country.
“Every eligible imo citizens should ensure it register and collect their permanent voters cards (PVC), because, it is the only weapon and power vested on citizens by the constitution of the Federal Republic of Nigeria, to effect a change in government, and vote in credible people to mount leadership saddle in all levels in the country,”They stated.
The Service stated this in a statement posted on its official X handle on Wednesday.
According to the NIS, the only authorised platform for passport payments by Nigerians, both within the country and in the diaspora, is its official passport portal.
It added that foreigners seeking Nigerian visas should use only its official visa portal for embassy applications or the designated e-visa portal for electronic visa applications.
It said, “The Nigeria Immigration Service wishes to reiterate that the only authorised platforms for passport payments for Nigerians (at home and in diaspora) is https://passport.immigration.gov.ng.
“For foreigners wishing to apply for visa, https://visa.immigration.gov.ng (for visa at the Embassy) and https://evisa.immigration.gov.ng (for e-visa) are the official links.
The NIS urged applicants who require clarification or assistance with passport or visa applications to contact its verified communication channels.
It listed its official X accounts as @nigimmigration and @InquireAtNaija, while its verified Facebook and Instagram handles are @nigimmigration.
The Service also provided WhatsApp numbers 09160878000 and 09117717772 for enquiries and support.
The statement reiterated the Service’s commitment to ensuring secure and transparent passport and visa application processes, urging the public to avoid fraudulent intermediaries.
The US Department of State said the move is aimed at centralising routine visa services in regional hubs to enhance national security, reduce government spending, and ensure greater consistency in visa screening, vetting and adjudication.
In a statement on the US Department of State website on Wednesday, the department said the reorganisation aligns with the President Donald Trump’s administration’s priority of placing America’s interests and security first.
“The Department of State is constantly evaluating its overseas operations in order to advance America’s priorities as efficiently and effectively as possible. This includes a visa process that maintains rigorous standards of security screening and vetting and aligns resources and operational capacity with America’s national interests.
“The Trump administration has no higher priority than the safety and security of Americans, and the State Department will continue to provide Americans with appropriate consular services and assistance at diplomatic posts around the world,” the statement read.
Besides Abuja, the affected diplomatic posts are located in Asmara, Bamako, Banjul, Brazzaville, Bujumbura, Conakry, Cotonou, Durban, Freetown, Gaborone, Harare, Juba, Libreville, Lilongwe, Lusaka, Maputo, Maseru, Mbabane, N’Djamena, Niamey, Nouakchott, Ouagadougou and Windhoek.
It also emphasised that all diplomatic missions will continue to provide consular services and carry out their regular functions on behalf of the United States.
The department further assured travellers that the policy does not invalidate visas that have already been issued.
The United States periodically reviews its global diplomatic operations to reallocate resources and streamline consular services.
Under the new arrangement, applicants in countries affected by the policy are expected to access routine visa services through designated regional processing hubs, while embassies and consulates continue to provide other diplomatic and consular assistance.
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