Category: Energy

NEC recommends N302 pump price by February

Emporium Reporters

The federal government may increase the pump price of petrol to N302 per litre in February 2022 as part of the recommendation of the National Economic Council (NEC) in November 2021. According to an exclusive report by the cable, it is a part of the government’s plan to fully deregulate the PMS prices, eliminating monthly subsidy payments with provisions to ensure fair competition in the market. Petrol price is currently between N162 and N165 per litre in Nigeria. The recommendations were put forward by the NEC ad-hoc committee interfacing with…

President Buhari appoints Okadigbo’s Wife as Chairman of NNPC

Emporium Reporters

President Muhammadu Buhari has appointed Senator Margret Chuba Okadigbo (South East), Chairman of the Board and Management of the Nigerian National Petroleum Company Limited. The President further appointded Mele Kolo Kyari, Chief Executive Officer, and Umar I. Ajiya, Chief Financial Officer. According to a state house press release made available to Emporium Reporters, President Buhari made the appointment in accordance with the power vested in him under Section 59(2) of the Petroleum Industry Act 2021. Other Board Members are; Dr Tajudeen Umar (North East), Mrs Lami O. Ahmed (North Central), Mallam Mohammed Lawal…

DisCos revenue targets are based on actual consumption – ANED

Emporium Reporters

The Association of Nigerian Electricity Distributors (ANED) has said, contrary to ‘misinformation’ concerning the nature and purpose of revenue targets Distribution Companies (Discos) give their staff, such targets are usually set based on what customers have consumed.   “One of the allegations that is gaining grounds of late is that Disco marketers are given revenue targets and it is in their quests to meet these targets that they supposedly ‘extort’ customers and give them bills that do not reflect their electricity consumption,” Barr. Sunday Oduntan ANED’s Executive Director for Research…

Indemnity, public safety are reasons why Discos take control of donated equipment – ANED

Emporium Reporters

The Association of Nigerian Electricity Distributors (ANED) has explained why electricity distribution companies (Discos) assumed ownership of equipment voluntarily made available by customers for use by their networks. In a statement signed by ANED’s Executive Director for Research and Advocacy, Barr. Sunday Oduntan, the body said it boiled down to a matter of indemnity and safety critical protection. “Many people have asked that question and the answer is simple, and we feel it is important to shed light on it for the sake of public awareness. It is a case…

President Buhari fires AEDC management over strike action

Emporium Reporters

President Muhammadu Buhari has sacked the management of Abuja Electricity Distribution Company AEDC over Monday’s strike by the staff.   A statement from the office of the Minister of State Power, Goddy Jeddy-Agba, in Abuja on Tuesday said the sack was conveyed by the presidency to the Federal Ministry of Power takes immediate effect.   The statement said that a new interim governing board had been appointed to oversee the day-to-day operations of the distribution company. It said, “Following the recent industrial action embarked on by its staff over non-payment…

Abuja Electricity DisCo apologises to consumers over power disruption

Emporium Reporters

Abuja Electricity Distribution Company, on Monday, apologised to consumers over the power disruption in its franchise areas.     It assured consumers of speedy resolution of the strike by its employees that led to the power disruption. AEDC’s franchise area include Kogi, Nasarawa, Niger states and the FCT. “Following the industrial action embarked upon by the National Union of Electricity Employees, power supply to some of our areas of operation, especially those on the 11 Kilovolt network, were affected. “We would also like to apologise to our customers for the…

How Nigeria can maximise eGovernment – Huawei

Emporium Reporters

The Global Chief Public Services Industry Scientist, Enterprise Business Group of Huawei Technologies Co Limited, Mr Hong-Eng Koh, has said that the idea of eGovernance was to satisfy the unwilling customers.   Koh made the submission at the Nigeria eGovernment Summit 2021 in Lagos themed ‘eGovernment Adoption in Nigeria: Opportunities and Challenges’.   “Basically, eGovernment is to make the unwilling citizens willing,” Koh said, stressing the need for Nigeria to centralise government portal to achieve eGovernment.   While everyone is connecting to it for many different reasons, since 20 years…

Huawei to tackle Africa’s energy poverty through digital power

Emporium Reporters

The fight to tackle Africa’s energy poverty is receiving support through the provision of digital enablers that will boost sufficiency.   Currently, energy poverty is a serious problem in sub-Saharan Africa with statistics from International Energy Agency (IEA) indicating that over 580 million people in the region lacked access to electricity in 2019.   In Nigeria for example, an estimated 40,000MW of electricity supply is needed to provide steady and quality power supply to customers who are already connected to the grid. The country currently has a generation capacity of…

Yahaya Bello lauds President Buhari,as Kogi becomes Oil-producing State

Emporium Reporters

Kogi state governor, Yahaya Bello has expressed the state government’s appreciation to President Muhammadu Buhari for the recognition of Kogi as one of the Oil-producing states in the country by the Revenue Mobilization Allocation and Fiscal Commission, RMAFC. The Governor conveyed his ‘thank you’ message to Mr President while on a visit to the State House, Presidential Villa, Abuja on Tuesday. Bello who addressed journalists in the State House after a meeting with Mr President said he was in the Villa to thank President Muhammadu Buhari for the recognition of…

Garba Deen Mohammed; A Round Peg In A Round Hole In NNPC By Abubakar Yusuf.

Emporium Reporters

The new Group General Manager,Group Public Affairs Division,Alhaji Garba Deen Mohammed is the best thing that has happened to the Nation’s oil industry regulator in recent time.   Deen ,a professional to the core and former National Chairman, Nigeria Guild of Editors(NGE), was reappointed not only to occupy the position in the current dispensation,but deploy his wealth of experience needed at this crucial point of Nigeria oil industry.   Coming at a time the age long Petroleum Industry Bill(PIB),was signed into law and transformed into Petroleum Industry Act (PIA),the needed…