News
Outrage as national power grid collapses twice in 6 hours
Businesses and homes were again left without power supply for several hours yesterday after the nation’s national grid collapsed twice in less than six hours, dropping power generation by 93.5 per cent to 273MW.
In 2022, the grid collapsed seven times, with the Federal Government promising to end constant power grid instability.
Data supplied by the National System Operator, a semi-autonomous unit in the Transmission Company of Nigeria showed that the grid collapsed around 12.35 am yesterday.
After several hours, it collapsed again around 6.40am, leaving the entire country without public power supply.
As at 1.30 pm yesterday, data from NSO showed that the grid had begun a slow recovery with load allocation to distribution companies at 585 Megawatts.
The highest loads were allocated to Ikeja DisCo (150MW), Eko DisCo and Abuja DisCo with 80MW each.
Why grid collapsed—TCN
The Transmission Company of Nigeria, TCN, blamed the collapse on a fire incident on Kainji/Jebba 330KV Line 2, adding that the incident is being investigated, with “the view to forestalling future occurrence and invariably further strengthening the grid.”
A statement by TCN General Manager, Public Affairs, Ndidi Mbah, stated that “grid restoration nationwide is in progress and has reached advanced stages, with power supply now available in the West, North-Central, South, East, and a large portion of the northern parts of the country.
“The power supply restoration is sequel to the total grid collapse, which occurred at about 12.35 am, this morning (yesterday), causing outages nationwide, after over 421 days of consistent grid stability.
Minister of Power confirms system collapse
In his X (formerly Twitter) handle, the Minister of Power, Bayo Adelabu, said: “At 00:35Hrs this morning, Fire outbreak with explosion sound was observed on Kainji/Jebba 330KV Line 2 (Cct K2J) blue phase CVT & Blue phase line Isolator of Kainji/Jebba 330KV Line1 was observed burning. This led to sharp drops in frequency from 50.29Hz to 49.67 Hz at 0:35:06Hrs with Jebba generation loss of 356.63MW.”
Grid unstable
Another government official, who pleaded anonymity, said: “The grid has been very unstable for days before the latest system collapse. As we speak, there is a blackout.”
Checks by Vanguard showed that Nigeria’s electricity generation dropped, Tuesday, by 59 per cent to 1,705 megawatts, MW, from 4,182 MW recorded the previous day at 06:00hours, due to grid disturbance.
DisCos appeal to consumers
In notices informing customers of the outage, DisCos blamed the countrywide blackout on the national grid collapse.
Enugu Electricity Distribution Company PLC in a statement by its Head, Corporate Communications, Emeka Ezeh, stated that “a total system collapse occurred at 12:40am today (yesterday), September 14, 2023. This has resulted in the loss of supply currently being experienced across the network.
“Due to this development, all our interface TCN stations are out of supply, and we are unable to provide service to our customers in Abia, Anambra, Ebonyi, Enugu and Imo states.”
On its part, Eko DisCo, stated: “Kindly be informed that a system collapse occurred yesterday at 6:41 a.m. This has resulted in a total loss of supply across our network. We are in continuous communication with our partners at the National Control Centre, NCC, Osogbo. You will be updated as we get more information.”
Also, Abuja Electricity Distribution Company, AEDC, reported the collapse, stating: “The management of AEDC wishes to inform its customers that the power outage currently being experienced is a result of a system failure from the national grid in the early hours of today, 14 September 2023.
“Be rest assured that we are working with the relevant stakeholders to restore power as soon as the grid is stabilized.’’
$7.5bn loans fail to halt collapses
Under former President Muhammadu Buhari, Nigeria secured about $7.5 billion loans to improve transmission infrastructure and halt unending collapses witnessed by the national grid.
The loans came from the World Bank, African Development Bank, the government of Japan, and the Islamic Development Bank among others.
A $486 million loan was advanced by the World Bank under the Nigeria Electricity Transmission Project, NETAP, while another $2.5 billion was taken to finance the Siemens deal targeted at improving the transmission network.
Also, Japan granted a $242.4 million loan to Nigeria for the implementation of the Lagos and Ogun Power Transmission System Improvement Project.
In 2017, the House of Representatives disclosed that foreign loan to the Transmission Company of Nigeria, TCN, totalled $1.5bn, with a separate $500 million loan being negotiated with the Islamic Development Bank.
The IsDB in 2022 eventually approved a total financing of $1.8 billion for Nigeria, with the electricity loan expected to be a part of it.
Then Minister of Finance, Zainab Ahmed, had in 2020, said the Federal Government requested a $3 billion World Bank loan to finance the transmission network. The fund was provided in four tranches of $750 million each.
The African Development Bank, AfDB, in 2019, approved a $210 million loan for upgrade of the electricity transmission and distribution network.
Costa Rica’s Rebeca Grynspan was the front-runner after last month’s first informal vote, in which the council’s 15 members, including the five with veto power, pass judgment in secret on the candidates.
Argentina’s Rafael Grossi — the current head of the UN nuclear watchdog — is also a candidate along with Chile’s Michelle Bachelet, Ecuador’s Maria Fernanda Espinosa, Guyana’s Carolyn Rodrigues-Birkett, Uganda’s Olara Otunnu and Senegal’s Macky Sall.
After the first round concluded, Ecuador’s Ivonne A-Baki threw her hat into the race to succeed Antonio Guterres, who will complete his second five-year term on December 31, 2026.
“While the first straw poll set the scene for the Secretary-General race, the second may give us some direction about where it is headed,” said the International Crisis Group’s Daniel Forti.
“Diplomats expect fluctuations in the vote distribution compared to the July poll. Most will be watching to see whether the early front-runners consolidate their support or slip in the standings.
“It is unlikely that any candidate will emerge from (Friday’s) poll with a decisive lead.”
Forti said the veto-wielding nations — Britain, China, France, Russia and the United States — might wait until later to express their preferences, while new contenders could emerge.
Russia’s ambassador to the UN, Vassily Nebenzia, said Thursday he could not rule out that possibility.
“If, for example — I’m speculating now — if there is a deadlock on any of the candidates we are seeing today, if nobody… flies, then I think that we may see other candidates as well,” Nebenzia said.
Even if a candidate earns the required nine votes from the 15 available in the Security Council, they must also avoid a veto by the five major powers, which are deeply divided.
Once a candidate clears those bars, their name will go to the General Assembly of all UN members for confirmation.
The Security Council straw poll was devised in the early 1980s in an attempt to break a deadlock between two candidates shut down by vetoes.
The informal mechanism has persisted, in various forms, despite criticism from countries opposed to the opaque process.
“There is a good chance that some nominees realise after (Friday’s) vote that their campaigns have reached the end of the road,” Forti added.
Each member state must anonymously assign each candidate one of three labels: “encourage,” “discourage,” or “no opinion.”
That would give those with no support the opportunity to withdraw — though they are not obliged.
In the first rounds of the process expected to take several weeks, all ballots are the same colour.
But after an unspecified number of votes, the ballots of the five permanent members will become a different colour from those of the elected members, making it possible to identify potential vetoes, without knowing which country blackballed any given candidate.
It is tradition that the UN’s top job should rotate between different regions.
Under that premise, the role should go to a candidate from Latin America this time. There are many candidates from the region, though Sall and Otunnu hail from Africa.
The civilian-contracted plane crashed at the airport of the long-range radar site in Cape Newenham, on the state’s southwestern tip, the Alaskan Command said in a statement.
Rescuers who landed near the crash site “confirmed there were no survivors,” it said.
The statement did not say what those onboard were doing at the radar site, which tracks aircraft operating in Alaskan airspace.
“This is a devastating loss for our military family and the communities we serve,” said Alaskan Command chief Robert Davis.
“These individuals were dedicated professionals carrying out a vital mission in a demanding environment,” Lieutenant General Davis added.
The African Airlines Association (AFRAA) has admitted Enugu Air as Member, extending the Association’s membership base in Nigeria’s fast-growing domestic aviation market and reaffirming AFRAA’s commitment to supporting the continued development of African carriers across the continent.
This was announced by AFRAA in Nairobi on Wednesday, making Enugu Air the 50th Member of the association, joining the AFRAA airline fraternity, collectively representing more than 85 per cent of total international traffic carried by African airlines.
Speaking on the development on Thursday, AFRAA Secretary General, Mr Abdérahmane Berthé, said, “We are delighted to welcome Enugu Air into the AFRAA fraternity.
“As a state-backed carrier serving Nigeria’s rapidly expanding domestic market, Enugu Air represents the kind of homegrown investment that is vital to building resilient air connectivity across our continent.
“We look forward to supporting the airline through the IOSA certification process and to its continued growth within the AFRAA membership, as we work together to advance the cause of unified African skies.”
Reacting to the development on Thursday, the CEO of Enugu Air, Capt Tolu Ita, described the admission into AFRAA as a major milestone in the airline’s short history.
“We are honoured to join the AFRAA fraternity. This membership underscores Enugu Air’s commitment to safe, reliable, and affordable air travel for Nigerians while contributing to the vision of a unified African aviation market.
“We look forward to collaborating with fellow AFRAA members and leveraging the association’s support as we grow our network and pursue IOSA certification,” Tolu stated.
Founded on July 7, 2025, Enugu Air commenced commercial operations with a fleet of Embraer E170/E190/E195 aircraft.
The airline, which has its headquarters in Enugu and operates from the Akanu Ibiam International Airport, currently serves nine domestic destinations including Enugu, Abuja, Lagos, Port Harcourt, Kano and Benin City.
As part of the airline’s growth strategy, Enugu Air plans to expand further across Nigeria and, in subsequent phases, to launch regional and international routes across Africa, Europe, and beyond.
As part of its growth strategy, Enugu Air plans to expand further across Nigeria and, in subsequent phases, to launch regional and international routes across Africa, Europe, and beyond.
The admission of Enugu Air aligns with AFRAA’s strategic priorities and strengthens the voice of the association. Nigeria, as Africa’s most populous nation and one of its fastest-growing economies, remains central to the realization of a truly integrated African aviation market.
Meanwhile, AFRAA association, which was founded in Accra, Ghana, in April 1968, and headquartered in Nairobi, Kenya, has a mission meant to promote, serve African Airlines and champion Africa’s aviation industry.
The association envisions a sustainable, interconnected and affordable air transport industry in Africa, where African airlines become key players and drivers of African economic development.
AFRAA membership cuts across the entire continent and includes all the major intercontinental African operators.
The association’s members represent over 85 per cent of total international traffic carried by African airlines.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has rejected calls for the Federal Government to publish details of how it plans to spend funds drawn from its $5bn financing facility with First Abu Dhabi Bank.
Oyedele said the transaction had been subjected to unnecessary scrutiny, arguing that the facility was approved by the National Assembly and was structured to help the government refinance more expensive debt.
He spoke on Wednesday during a media briefing in Abuja.
The Federal Government recently drew about $1.5bn, the first tranche of the $5bn Total Return Swap facility arranged with First Abu Dhabi Bank, despite concerns from the International Monetary Fund and Fitch Ratings over the transparency and risks associated with such financing structures.
The $5bn facility was approved by the National Assembly on March 31, 2026, while the initial drawdown was expected to support the 2026 budget, infrastructure projects and the refinancing of existing debt obligations.
Responding to a question on the borrowing plan and whether details of the First Abu Dhabi Bank transaction would be made public, Oyedele said the government would publish information on how it spends public funds but questioned why the particular facility was receiving special attention.
“We will not publish how we are spending it. We will publish how we spend government money. There’s nothing special about that loan,” he said.
He added, “Nobody has asked us whether we’re going to publish the money we took from the World Bank, whether we publish the one from Eurobond, whether we publish the one from Sukuk. Why is this one special?”
Oyedele also dismissed suggestions that the transaction was conducted without due process, noting that it had been presented to the National Assembly.
“The loan was approved not only by FEC, it was taken to National Assembly because what some people are doing is they comparing with other countries where they did it under the table.
“What else can be more public than what you gave to the National Assembly?” he said.
The minister said the government had assessed the transaction carefully and was accessing the funds in phases to avoid incurring unnecessary costs.
“We’re assessing it in phases. You don’t want to take all the money at once because if you don’t spend it at once, you incur cost on the extra amount you’ve taken,” he said.
He explained that the financing arrangement was different from Nigeria’s traditional fixed-rate borrowing because the First Abu Dhabi Bank facility had a flexible interest rate.
“You need to understand the transaction. You know, there’s always the textbook analysis and there’s the real life of what you’re doing.
According to him, Nigeria could not benefit from the lower yield on its existing fixed-rate debt.
“This First Abu Dhabi Bank transaction is flexible rates. It means if rates go up, we pay more. If rates come down, we benefit more.
“There’s nothing that says we must always do one thing. And the all-in rate for this transaction is lower than our existing portfolio,” he said.
Oyedele said the primary objective was to refinance more expensive debt and reduce the government’s borrowing costs.
“So the objective is to use it to refinance expensive debt so you can save money,” he said.
The Federal Government is required to pledge securities worth about 133 per cent of the amount drawn as collateral under the arrangement.
The International Monetary Fund and Fitch Ratings had raised concerns about the financing structure, including issues around transparency and sovereign debt risks.
The IMF had warned that derivative financing structures such as total return swaps could be difficult to track and value in real time, potentially obscuring the extent of a country’s financial obligations.
Fitch Ratings also warned that Nigeria’s planned $5bn arrangement could increase sovereign debt risks and reduce transparency in public debt reporting.
Oyedele, however, said the government would soon publish frequently asked questions on the transaction to provide further clarification.
“In the next few days, you will see on the website both the Ministry of Finance and DMO the frequently asked questions about this particular debt or bond, just so everybody can please themselves,” he said.
He added that there was “nothing special” about the loan, despite the attention it had received from critics and international media.
“I spend time on it because I think it’s important and the international media also, for some reason, have taken so much interest in it. But that is what it is.” Oyedele said.
News
2027 Elections: 146 Presidential, Governorship Candidates to Spend Not More Than N571bn on Campaigns
No fewer than 146 candidates currently in the race for the 2027 presidential and governorship elections could collectively spend up to N571bn under the campaign expenditure limits prescribed by the Electoral Act 2026.
The figure comprises 19 presidential candidates, each with a campaign spending ceiling of N10bn, and 127 governorship candidates, each allowed to spend a maximum of N3bn under Section 92 of the new Electoral Act.
The 19 presidential candidates alone have a combined spending ceiling of N190bn, while the 127 governorship candidates could collectively spend up to N381bn.
The combined ceiling for the two categories therefore stands at N571bn, although the amount represents the maximum permissible expenditure and not money guaranteed to, or actually received by the candidates.
The development comes as the Independent National Electoral Commission published the personal particulars and credentials of the 19 presidential candidates and their running mates ahead of the 2027 poll, paving the way for the commencement of the presidential campaign on Wednesday, August 19, 2026.
According to the election tracker NGelections.com, 127 candidates across 28 states will be running for governor in 2027. Of the number, 122 have been nominated, four have declared, and one is still being monitored.
A check on the INEC website showed that the commission had yet to publish the total number of 2027 governorship candidates, with its official 2027 election page stating under the list of candidates that “This will be available soon.”
INEC has confirmed that governorship elections will be held in 28 states in 2027, with Anambra, Bayelsa, Edo, Ekiti, Imo, Kogi, Ondo and Osun excluded because they are on the off-cycle schedule.
The commission had fixed January 16, 2027, for the presidential and National Assembly elections, while the governorship and State House of Assembly elections are scheduled for February 6, 2027.
New spending limits
Section 92 of the Electoral Act 2026 substantially raises the amount candidates are permitted to spend on election campaigns compared with the previous statutory limits.
Under the new law, a presidential candidate may spend up to N10bn, while a governorship candidate is limited to N3bn.
For the National Assembly, the ceiling is N500m for a senatorial candidate and N250m for a House of Representatives candidate.
A candidate seeking election to a State House of Assembly may spend up to N100m, the same ceiling prescribed for an Area Council chairmanship candidate, while the maximum campaign expenditure for an Area Council councillorship election is N10m.
The law also places a ceiling on individual contributions to candidates, providing that no individual donor may contribute more than N500m to a single candidate.
Section 92 further provides sanctions for candidates who knowingly exceed the prescribed limits.
Such a candidate faces a fine equivalent to one per cent of the permitted expenditure limit, or imprisonment for up to 12 months, or both.
The provision makes compliance with the new spending thresholds a statutory obligation rather than a voluntary guideline.
It could not ne confirmed if INEC has successfully prosecuted and secured a conviction against a Nigerian politician specifically for exceeding the statutory election/campaign spending limit.
Also, there is no reported case of a politician or party being prosecuted for exceeding campaign-spending limits.
When asked how INEC would enforce the spending limits, the INEC National Commissioner and Chairman Information/Voter Education Committee, Mohammed Haruna, simply stated, ‘’It’s the Commission’s statutory responsibility to monitor the campaign finance of all political parties.’’ The anti-graft agencies are expected to collaborate with the INEC in monitoring and enforcing the spending limits.
The restriction on individual donations means that while a presidential candidate can spend as much as N10bn, a single donor cannot contribute more than N500m.
Similarly, a governorship candidate’s N3bn spending ceiling is six times the maximum individual donation.
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