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Total Blackout Imminent As Gencos Threaten To Shut Down Power Plants

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Electricity generation companies in the country have said they will be forced to shut down their power plants if the challenges facing them are not addressed.

The Association of Power Generation Companies, the umbrella body for the Gencos, said on Monday that the recent decline in available generation capability could be traced to the various challenges experienced by the Gencos in the electricity market.

The Executive Secretary, APGC, Dr. Joy Ogaji, said in a statement that the challenges included liquidity issues, power rejection by the electricity distribution companies and gas constraints due to the sorry state of the market.

Ogaji said: “Few of the thermal power plants were out due to planned maintenance, which is allowed in the sector. The decline was not an act of rebellion by the Gencos neither was it deliberate but was beyond their control.

“This should serve as a wake-up call to the Federal Government to the goings-on in the industry with regards to the Gencos and if the actions are not taken by the necessary agencies, Gencos will be forced to shut down business.”

According to the data made available to our correspondent by the association, available generation capability plunged to 5,207.57 megawatts in December from 7,238.12MW in November, while average generation rose slightly to 4,162.47MW from 4,093.76MW

Ogaji said: “Available generation capability experienced a drop due to various factors such as gas constraints, ongoing maintenance by some gas suppliers and low load demand by distribution companies, which resulted in reduced generation or outage of some power plants.

“Afam Power Plc (Afam VI Gas/Steam), GT12, 13 and ST10 power plants were shut down for a period of about 16 days due to planned maintenance that was carried out by the gas suppliers on their facilities. Although Afam Power Plc was duly notified about the maintenance, it resulted in a reduction of Afam’s available generation capability from about 490MW to zero.”

She said within the period, most of the plants built under the National Integrated Power Project, including Alaoji, Sapele, Olorunsogo, and Omotosho, suffered from gas constraints.

“Some of the companies’ generation capability dropped to zero due to the outage of their power plants which was as a result of gas constraints,” Ogaji said, adding that gas supply to Alaoji NIPP was cut off by the gas suppliers due to the firm’s inability to pay for gas.

According to her, Jebba Power Station’s generation capability reduced by about 110MW to 360MW due to low load demand.

She said the reduction in demand by Discos also affected Egbin and Omoku power plants.

The PUNCH.

BIG STORY

WIMBIZ 2024: ST. Ives Hospital Partners Host To Prioritize Women Healthcare [PHOTOS]

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The 2024 edition of the Women in Business and Public Service, WIMBIZ has seen one of Nigeria’s leading hospital brands, St. Ives hospital partnering the host of the annual event in line with its commitment to advancing women’s health and well-being.

The 2024 conference themed ‘Dream, Dare, do’ serves as an empowering call for women to rise above today’s complexities and actively shape a brighter tomorrow. The medical team from the hospital was on ground throughout the duration of the conference, providing complimentary health services to all attendees, organizers and vendors at the event.

In offering these, St. Ives contributed to a holistic conference experience, providing the women leaders and attending entrepreneurs with accessible healthcare and encouraging them to prioritize their health, alongside their professional and personal aspirations.

Some of the medical services rendered at the conference by the St. Ives team included general health assessments, blood pressure monitoring, blood sugar tests, wellness counselling, and personalized health consultation. There were also consultants on hand who answered questions relating to fertility, women’s health, maternal care and preventive healthcare.

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Dogara Asks Northerners To Stop Condemning President Tinubu Over Tax Reform Bills, Says “He’s Not Anti-North”

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Yakubu Dogara, the former speaker of the house of representatives, has urged northerners not to condemn President Bola Tinubu over the proposed tax reform bills.

Speaking on Monday during Channels Television’s town hall on tax reform bills, Dogara emphasized that Tinubu has made a significant contribution with the proposed bills, stressing that he is not anti-north.

“I want to talk to my brothers in the north; I don’t think this is the time for us to begin to condemn the president and to begin to say that on account of these bills, he is anti-north,” he said.

“I want to remind us that the president has done something that is significant and if he can pursue this to the end, it will be that there is no northern leader of my lifetime that has done what the president has done for the north.”

  • ‘NORTH CAN SURVIVE ON ITS OWN WITHOUT VAT’

Dogara advised viewing the reforms as an opportunity rather than a disadvantage, particularly highlighting the creation of the ministry of livestock development.

He underscored the ministry’s potential to unlock vast economic opportunities for the region, asserting that the north can survive independently without value-added tax (VAT).

“The creation of the livestock ministry is the global business around that; the global market size of dairies, of beef. In the next three years, we will rise to about $2.5 trillion,” Dogara said.

“So if in the north, we are able to organise ourselves in such a way that we can honour just 5 percent of this global market size of dairies and beef, I tell you, that gives us $250 billion.”

“We don’t need VAT from any state in Nigeria to survive. The North can survive on its own. We are the most endowed part of Nigeria and don’t joke about it.”

“If you are in doubt, find out from Australia how much they are raking from just mining minerals. There’s gold everywhere in the north. We have all the resources. We can survive.”

On October 3, Tinubu asked the national assembly to consider and pass four tax reform bills.

The proposed laws include the Nigeria tax bill, tax administration bill, and the joint revenue board establishment bill.

The president is also seeking to repeal the law establishing the Federal Inland Revenue Service (FIRS) and replace it with the Nigeria Revenue Service.

Reacting to the development, the Northern States Governors Forum (NSGF), representing 19 northern states, collectively opposed the proposed bills, following a joint meeting with the northern traditional rulers council at the Kaduna government house on October 28.

The governors asked the national assembly to reject any legislation that might harm the region’s interests, calling for equitable and fair implementation of national policies and programmes to prevent the marginalization of any geopolitical zone.

On October 31, the presidency assured the northern governors that the proposed laws were not recommended by Tinubu to disadvantage any part of the country, as they were designed to improve the lives of Nigerians and optimize existing tax frameworks.

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Owa Obokun: Adeboye Backs Another RCCG Pastor To Become Monarch

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The General Overseer of the Redeemed Christian Church of God Worldwide, Pastor Enoch Adejare Adeboye, has endorsed Pastor Bayo Adeyokunnu, a Deputy Continental Overseer in the United States, to succeed as the Owa Obokun of Ijesaland. This endorsement comes after the throne became vacant due to the death of Oba Adekunle Aromolaran.

Church Times reports that Adeboye publicly supported Adeyokunnu for the position during the pastor’s 70th birthday celebration in the US. Pastor Adeboye had previously backed another US-based church leader, Ghandi Afọlabi Ọlaoye, for the position of Soun of Ogbomosoland.

Notably, Pastor Adeyokunnu is the younger brother of Pastor Folu Adeboye, the wife of Pastor Adeboye.

At the birthday celebration, Pastor Adeboye said apart from being his in-law, he had known Pastor Adeyokunnu even before he met his wife.

He said: “I have known him before I got married to his sister and that is for about 60 years now.

“He is the first friend I would have in the Adeyokunnu family apart from my wife.

“He was not a big man like this.

“He was like then the little Bayo.

“But we bonded together speedily.

“He also got born again under my ministry.

“I can still remember the sermon I preached that day, titled: ‘Come and Drink,’ and he is still drinking till today.

“Every opportunity he had, he would want to get a little more.

“He is a warrior.

“He can pray anything out of you.”

Just when Pastor Adeboye was about to conclude his speech and pray for him at the event, he hinted that he may be the next king of Ijeshaland.

He prayed in Yoruba for him while telling participants at the event: “For your information, you don’t speak English in the presence of a monarch in our land because I am also from Ijeshaland.

“So I will not pray in English for him because he is a prince and he may be the next king.”

According to Church Times, apart from being a pastor, Adeyokunnu is a successful businessman with diverse interests in real estate, publishing, aviation, and journalism.

He is of the Bilaro ruling house in Ijeshaland.

His great, great grandfather was Kabiyesi Ofokutu I.

“He is said to have successfully led organisations, handled other men’s burdens, built enterprises, and contributed to community development.

According to a piece by Adunbi Adejuyigbe, which was made available to Church Times, Prince Adeyokunnu began his education at Methodist Primary School and proceeded to Methodist High School, Ilesha.

He later attended the University of Ife (Obafemi Awolowo University), where he bagged a degree in English Studies.

“An erudite scholar who has taught Church History, Philosophy, Christology and Eschatology, and in recognition of these contributions, he was awarded two honorary doctorate degrees in the United States of America,” the author stated

Adejuyigbe said further in the piece that Adeyokunnu’s commitment to community development is evident in his philanthropic endeavours.

He added: “He single-handedly spent N7 million of personal fortune to build a security fence around his alma mater, Methodist High School, Ilesha.

“And he has on countless occasions committed funds to the sponsorship of many indigent students of ljesa.

“He built a borehole also in Ira-Ikeji Ijesa.

“These selfless acts earned him accolades from the community and demonstrated his dedication to giving back to society.”

Adeyokunnu is believed to have a clear understanding of the challenges and opportunities facing Ijeshas.

Adejuyigbe added: “He has a 20-Year Development Plan: a well-articulated vision for the development and growth of the town, and he is committed to working tirelessly to achieve this vision.

“Prince Bayo’s leadership style is characterised by inclusivity, transparency, and accountability.

“He is a listener, a team player, and a leader who empowers others to achieve their full potential.”

 

Credit: Church Times.

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