Connect with us

News

Governors wants electricity regulation to be unbundled in new bill

Published

on

Governors of the 36 States of the Federation and the Minister of Power, Engr Abubakar Aliyu have raised concern over the weak points in the Draft Electricity Bill 2022 being worked upon by the Senate.
The Governors want the sector to be discentralised rather than treating the Federation as one single electricity jurisdiction or sector.

The Governors through a statement signed by their Chairman, Governor Kayode Fayemi of Ekiti State, said  the proposed legislation was unconstitutional in view of the federal status of Nigeria.

The Minister on his part expressed his own reservations on the bill at a Public Hearing organised by the Senate Committee on Powers .

The Governors while objecting to the bill said : “It would be unconstitutional and an unjustifiable act of overreach for the Senate to consider and pass a Bill that continues to treat the Federation as one single electricity jurisdiction or sector. 

“While a single Electric Power Sector Reform Act may have been useful as a catalyst for the sector in the early years of the Fourth Republic, the States have all come of age, literally and metaphorically, and the arrangements must change in a way that accepts and respects the maturity of the States in electricity matters”

This he said is a reality that the Senate Electricity Bill does not recognise and take account of but at best only pays the most cursory lip service.

“After 71 years of sole and unchallenged central control of the electricity sector, we live with an electricity sector divided into two parts. 

“One part is the FG-controlled and -regulated national electricity market that today is insolvent, bankrupt and delivers no more than approximately 4,000MW/96,000MWh daily to 220m Nigerians, or an average of 18w/432watt-hours daily, barely enough to power two (2) 10-watt light bulbs a day. 

“The other part of Nigeria’s electricity sector is the alternative/back-up market, whose estimated capacity is approximately 40,000MWso much so that Nigerian citizens are their own electricity providers in their homes, factories, schools, hospitals and places of worship.

“Our calculations indicate that if the 40,000MW of electrical back-up capacity owned and operated by Nigerians were to be delivered to them by licensed private IPPs and distribution companies through organised public electricity markets, Nigerian citizens and governments would have saved up to N17trn in 2021. 

“Instead, this much money was bumt up via diesel and petrol generator operating/maintenance costs, instead of being saved and invested by private citizens and businesses and some of it captured by the States and Federal Government as tax revenues and levies. This has been the norm for decades and has worsened each year even as it seems set to continue in 2022 and beyond.

“It is in these circumstances that the Senate now has before it an Electricity Bill that does not address any of the challenges that threaten the sector and the nation. Rather, its key characteristics are a failure to recognise and provide for the rights of States to have their own electricity markets. 

“The re-establishment of the same single national electricity market that has brought neither growth in capacity nor socio-economic development to the nation; and, as stated earlier, the continued absence of a clear path for the market to exit permanently from its long-running insolvent status”.

Though the Minister supported the bill but observed that some of its provisions are watering down the powers of Power Minister as coordinator and overall supervisory authority over the sector .

“Any such limitation on the power of the Minister has the potential to hinder efficient coordination of the Ministry and its agencies , impede the Minister’s ability for accountability as it hinders seamless reporting to the President”, he said .

Earlier the President of the Senate, Ahmad Lawan and Chairman of the Committee, Senator Gabriel Suswam, said since the power sector reform Act 2005 is no longer sufficient for post privatization exigencies , a comprehensive legal instrument as envisioned with Electricity Bill 2022, is very necessary

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Obidient Movement Denounces Fake Social Media Posts Targeting Senator Datti-Baba Ahmed

Published

on

By

Senator Datti-Baba Ahmed

The Obidient Movement, led by Dr. Yunusa Tanko, has issued a press statement condemning the circulation of false social media posts attributed to Senator Datti-Baba Ahmed. The fabricated posts, which have gone viral, are described as part of a deliberate smear campaign aimed at damaging the Senator’s reputation.

The movement clarified that Senator Datti-Baba Ahmed does not operate any social media accounts, making all attributed posts entirely baseless. During a recent press conference, the Senator unequivocally dissociated himself from these claims and urged the public to disregard them.

“This is a targeted attempt to tarnish the Senator’s image and credibility,” Dr. Tanko stated.

The Obidient Movement has called on its supporters and the public to remain vigilant and proactive in addressing the issue. They urged people to ignore, counter, and report the false posts whenever they appear.

The statement concluded with an appeal for continued support and collaboration in combating misinformation, reinforcing the movement’s commitment to truth and integrity.

Continue Reading

News

Senate Approves President Tinubu’s N1.767 Trillion Loan Request

Published

on

By

The Senate has granted approval for a $2.09 billion (N1.767 trillion) loan requested by President Bola Tinubu to address the N9.7 trillion deficit in the N28.7 trillion 2024 budget. The decision was made during Thursday’s plenary, just 48 hours after the request was submitted to the National Assembly.

President Tinubu, in letters to both chambers of the legislature earlier this week, highlighted the importance of the loan for financing key projects and programs critical to national development.

Following the request, the Senate assigned its Committee on Local and Foreign Debts, led by Senator Aliyu Wammako (APC, Sokoto North), to review the proposal. Presenting the committee’s report, Senator Wammako described the loan as vital for implementing the Debt Management Strategy, reducing borrowing costs, extending debt maturity, and bolstering Nigeria’s external reserves.

The committee recommended raising the loan through Eurobonds or similar international financing instruments, subject to market conditions. It also suggested that any excess funds from exchange rate adjustments be directed toward capital projects in 2024 to support infrastructure and economic growth.

The Senate approved the loan unanimously, with no objections raised during deliberations. Deputy Senate President Jibrin Barau, who presided over the session, commended the Wammako-led committee for its swift and thorough handling of the proposal.

This loan approval is part of the government’s broader strategy to bridge fiscal gaps while focusing on developmental priorities and economic stability.

Continue Reading

News

Finland Detains Pro-Biafra Agitator Simon Ekpa on Terrorism Charges

Published

on

By

Simon Ekpa

Simon Ekpa, a Finland-based pro-Biafra agitator, has been arrested and detained by the Päijät-Häme District Court in Finland on charges of inciting public crimes with terrorist intent.

The alleged offence reportedly occurred in Lahti on August 23, 2021. Finnish authorities apprehended Ekpa on Monday, November 19, marking another chapter in his history of legal confrontations.

A source confirmed Ekpa’s arrest, noting, “He was arrested three days ago. But this is not the first time. He will likely be questioned and released soon.” Ekpa was previously detained in 2023 on suspicion of fundraising fraud but was released the same evening.

The Finnish National Bureau of Investigation (NBI) has also requested the detention of four additional suspects in connection with terrorism-related charges.

Ekpa has gained notoriety for his leadership of a Nigerian separatist group advocating for an independent Biafran state in southeastern Nigeria. Finnish authorities allege that he used social media platforms to coordinate actions that resulted in violence against civilians and authorities in Nigeria.

Detective Chief Inspector Otto Hiltunen of the NBI stated that the investigation focuses on a Finnish citizen of Nigerian descent, born in the 1980s, suspected of public incitement to crimes with terrorist intent.

Meanwhile, the Nigerian government has continued to engage the Finnish government through the European Union (EU) to extradite Ekpa. In August, Nigeria’s Defence Headquarters emphasized the dual approach of diplomatic engagement and sustained military operations against the Indigenous People of Biafra (IPOB) and its armed wing, the Eastern Security Network (ESN).

Director of Defence Media Operations, Major General Edward Buba, reiterated the government’s resolve, saying, “The FG would respond appropriately to the Finnish Government through the EU. On the part of the military, troops would sustain operations against IPOB/ESN.”

Ekpa, who has represented Finland’s National Coalition Party (NCP) in local government, currently serves on Lahti’s public transport committee. Finnish authorities continue to investigate his activities, emphasizing the potential connection between his leadership role in the separatist movement and violent actions in Nigeria.

Continue Reading

Trending

Copyright © 2024 National Update