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BIG STORY

Federal Government Pays $120m Of $1.3bn Gas Debts As Blackout Spreads

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The Federal Government has paid $120m out of the $1.3bn indebtedness to gas companies for the supply of gas to run gas-fired power plants across the country.

Due to the Gencos’ debt to gas-producing companies, certain gas providers have curtailed their supply, while others have stopped providing the commodity to power-generating companies, resulting in Nigeria currently experiencing a low power supply.

Chief Adebayo Adelabu, the minister of power, recently disclosed that the reason for the decline in power generation and consequent low supply since January was that gas providers ceased providing gas for electricity generation because the industry was owing to gas producers.

Nigeria gets more than 70 per cent of its electricity from thermal power plants that run on gas. The remaining amount of electricity comes from hydropower-generating plants.

Speaking at the ongoing 7th Nigeria International Energy Summit in Abuja on Thursday, the Director, Decade of Gas Secretariat, Ed Ubong, expressed excitement that the Federal Government had cleared $120m out of the $1.3bn gas debts.

The Decade of Gas Secretariat is under the Federal Ministry of Petroleum Resources (Gas). The Federal Government is subsidising electricity by paying for the gas used in generating power, as Nigerian power users are currently not paying the exact amount for electricity.

“As of last year, that (gas debts) was about $1.3bn, depending on how you add up the numbers. But I am pleased that between October and the end of January, the government has paid over $120m to offset some of that money,” Ubong stated.

On February 15, 2024, The Press that the indebtedness of Nigeria’s power sector to electricity generating companies and gas producers had risen to about N3.3tn.

The report also stated that subsidy on electricity for 2024 would gulp about N3tn, whereas only N450bn was budgeted for this purpose in this year’s budget, adding that the government had stated that it was now very difficult to sustain power subsidy.

The power minister had said Nigeria must begin to move towards a cost-effective tariff model, as he revealed that the country was currently indebted to the tune of N1.3tn to electricity generating companies, while the debt to gas companies was $1.3bn.

Meanwhile, Ubong told delegates at the summit on Thursday that the government was developing a framework to address the lapses that often lead to such humongous gas debts in the power sector.

“More importantly, the government is also now working a framework that can mitigate most of that failure. That’s a piece of work that is ongoing and we hope that it will be approved and then the industry can move away from that legacy issue.

“We must build capacity for that. Capacity for the engineers, technicians that will work in this new gas sector that we are looking at for the next eight months. And as the secretary, we are committed to that,” he stated.

He said the Decade of Gas secretariat was sourcing competent personnel that would support the government in achieving the goals of Nigeria’s gas industry.

“We are looking for interns, we are looking for young people who are willing to join us and then provide their time and energy supporting the wider and bigger goals of the sector.

“For the first time, we now have a ministerial committee. One that involves the Minister of State for Gas and the Ministry of Power, because power and gas, they go together.

“We are confident that when that becomes fully operational, that critical link between gas and power will lead to more sustainable solutions going forward,” Ubong stated.

  • NNPCL Calls For Deeper Collaboration

The revelation by Ubong came as the Nigerian National Petroleum Company Limited called for deeper collaboration among upstream operators, especially independent producers, to find solutions to the challenges hindering the effective development of divested assets in the oil sector.

The company’s Executive Vice President, Upstream, Oritsemeyiwa Eyesan, made the call at a panel session in the ongoing summit in Abuja, while speaking on the theme, ‘Innovation, Collaboration, and Resilience: Empowering Independent Producers in the Dynamic Energy Era.’

Eyesan stated that past experiences with divestments and how the assets were operated had left much to be desired as most of them experienced a drop in production rather than growth.

“In the industry, if you want to measure success, there are some basic indicators that you utilise – production growth, reserves growth, and asset integrity. If I were to evaluate prior investment initiatives and scale the actors using these indices, I will be untrue to myself if I say everybody has done well.

“Yes, we acquired the assets, but today, we are worse off in terms of production than we were when we did the acquisition,” she stated.

Eyesan, however, acknowledged that there were some success stories in the operations of the independent producers.

She identified some of the challenges to include insecurity, lack of finance and lack of technological capacity, stressing that with collaboration among industry players, the challenges could be surmounted.

“Collaboration cannot be overemphasised. Somebody said we should be in a state of emergency, and I agree with that. It’s not by sitting here and talking about the challenges.

“I think we should have a war room where we raise the issues and set out concrete plans to resolve them rather than wait for stakeholders individually to take them on. We need collaboration, collaboration, and collaboration,” she stated.

BIG STORY

EFCC Detains El-Rufai Over N432bn Probe, DSS Reopens Dadiyata’s 2019 Disappearance Case

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Former Kaduna State Governor, Nasir El-Rufai, was detained at the headquarters of the Economic and Financial Crimes Commission in Abuja on Monday night after hours of interrogation over an alleged N432 billion corruption probe.

El-Rufai, a chieftain of the African Democratic Congress, is also expected to face criminal prosecution over the alleged bugging of the National Security Adviser, Nuhu Ribadu’s phone.

Multiple sources within the anti-graft agency confirmed to journalists that the former governor, who arrived at the commission’s Jabi headquarters around 10 am in response to an invitation, was grilled over allegations arising from the 2024 report of the Kaduna State House of Assembly, which accused his administration of misappropriating loans, violating due process in contract awards and plunging the state into heavy debt.

“The commission has been investigating him for about a year now. As a commission, we don’t just rush to invite suspects. Persons accused are always the last; that is, after we might have done our investigation to an advanced stage.

“We are investigating him on the allegations against him by the Kaduna State Assembly,” a senior EFCC source told one of our correspondents.

Asked late Monday night whether El-Rufai would regain his freedom, the source responded bluntly, “He is still in our custody and wouldn’t be released today (Monday).”

The EFCC spokesman, Dele Oyewale, confirmed that the former governor honoured the commission’s invitation but declined further comments on the nature of the interrogation or the next line of action.

The detention marks a dramatic escalation in the legal troubles confronting the outspoken former Minister of the Federal Capital Territory, whose recent public criticism of the Federal Government and security agencies has triggered fresh political tensions.

Alleged N423bn Misappropriation

The EFCC interrogation is rooted in the report of the Kaduna State House of Assembly’s ad hoc committee constituted in 2024 to investigate finances, loans, and contracts awarded between 2015 and 2023 under El-Rufai’s administration.

Presenting the committee’s report during plenary last year, the committee chairman, Henry Zacharia, alleged that most of the loans obtained by the El-Rufai administration within the eight years were not utilised for the purposes for which they were secured.

While receiving the report, the Speaker of the House, Yusuf Dahiru Leman, alleged that about N423bn was siphoned under the El-Rufai administration, leaving Kaduna State with heavy financial liabilities and a rising debt profile.

The committee recommended the investigation and prosecution of the former governor and several members of his cabinet over alleged abuse of office, award of contracts without due process, diversion of public funds, money laundering, and reckless borrowing.

The Assembly subsequently endorsed a petition to the EFCC and the Independent Corrupt Practices and Other Related Offences Commission, urging them to take up the matter.

Beyond the headline N423bn allegation, the legislative report also referenced disputed cash payments and contracts amounting to over N155m, as well as the alleged diversion of N1.37bn earmarked for a light rail project. It also cited the purported laundering of N64.8m by senior aides.

El-Rufai has consistently denied the allegations, describing the probe as politically motivated and insisting that all loans obtained during his tenure were duly appropriated and applied to infrastructural development, education reforms, healthcare upgrades, and security interventions.

However, Monday’s detention suggests that anti-graft agencies have moved beyond preliminary review to active interrogation.

Dadiyata Case Reopened

In a parallel development, the Department of State Services has reopened investigations into the 2019 disappearance of Abubakar Idris, popularly known as Dadiyata, and has begun probing El-Rufai and his sons over the case.

Dadiyata, a lecturer at the Federal University Dutsinma, Katsina State, was declared missing on August 1, 2019, after gunmen reportedly took him from his residence in Kaduna. His whereabouts remain unknown nearly seven years later.

A security source told The PUNCH that the DSS recently seized El-Rufai’s passport at the Nnamdi Azikiwe International Airport, Abuja, to prevent him from travelling abroad while investigations are ongoing.

“The DSS has reopened the case of the 2019 disappearance in Kaduna of a renowned government critic, Abubakar Idris, better known as Dadiyata, and several other cases of missing persons.

“El’Rufai is fully aware that the DSS is investigating him and his two sons for Dadiyata’s kidnapping. That was why he rushed to the ARISE news channel to cook up stories about (Umar) Ganduje and the confessions of a ghost police officer, all in a bid to divert attention.

“He is aware of the security implications of seizing his passport. He knows he can’t officially leave the country, which is very bad for him. Several laws place a responsibility on citizens to assist with crime reporting and prevention.

“Section 123 of the Criminal Code Act prohibits the willful destruction or concealment of evidence, while the Criminal Code Act and the Penal Code, applicable to Kaduna State, deals with covering up treason, destroying evidence, or aiding suspects,” the source said.

Another source said investigators were examining social media posts made by El-Rufai’s sons, Bello and Bashir, following Dadiyata’s disappearance.

“Former governor El’Rufai claimed that until Dadiyata’s disappearance, he didn’t know that anybody with such a name existed. However, social media posts by his sons, Bello and Bashir, suggest otherwise. Posts by his sons on ‘X’ clearly showed that Dadiyata was a problem for their family.

“That is why Bello and Bashir will be invited along with their father to help in our investigations,” the source added.

El-Rufai has maintained publicly that he neither knew Dadiyata personally nor had any reason to target him, insisting that the missing lecturer was a critic of the Kano State Government at the time.

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BIG STORY

Tinubu To Ribadu: We’ll Defeat Bandits and Terrorists, You’re Doing An Excellent Job

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President Bola Tinubu says Nuhu Ribadu, the national security adviser (NSA), is doing an “excellent job” in coordinating the fight against banditry and terrorism.

Speaking on Monday in Yola, while inaugurating projects completed by the Adamawa state government, Tinubu said he is proud of Ribadu.

The president said the country would overcome terrorism and banditry under Ribadu’s leadership.

“I must say clearly here that you are doing an excellent job, and we have seen the results. With you, we will defeat the bandits and terrorists. You are a good national security adviser, honest, bold, courageous and committed to the job. I believe the state of Adamawa is strongly proud of you, because I am too,” Tinubu told the NSA, who hails from the north-east state.

Tinubu’s commendation of Ribadu comes amid the allegations levelled against the NSA by Nasir el-Rufai, former governor of Kaduna.

Last month, el-Rufai accused the office of the national security adviser of procuring about 10 kilogrammes of thallium sulphate, a highly toxic, colourless and odourless compound that can kill humans in small doses.

The ONSA denied the allegation and asked him to supply any evidence he has to the Department of State Services (DSS) for a thorough investigation.

Last Thursday, security operatives attempted to arrest el-Rufai at the Nnamdi Azikiwe International Airport, Abuja, when he touched down from Cairo, the capital of Egypt.

El-Rufai would later allege that the Independent Corrupt Practices and Other Related Offences Commission (ICPC), at Ribadu’s instruction, asked DSS officials to arrest him upon arrival.

On Saturday, during an interview on Prime Time, an Arise Television programme, el-Rufai said “someone wiretapped” Ribadu’s phone, allowing him to listen to the NSA directing security operatives to effect his arrest.

The DSS has filed a three-count charge against el-Rufai for allegedly intercepting the NSA’s telephone conversation.

 

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BIG STORY

BREAKING: Nigeria’s Inflation Rate Drops To 15.1%

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The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate has dropped to 15.1 percent in January, down from the 15.15 percent recorded in December 2025.

The NBS announced the increase in its consumer price index (CPI) on Monday.

More to follow…

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