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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

Tokunbo Wahab – The Steadfast Architect Of Lagos’ Water Revolution — By Babajide Fadoju

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In a city like Lagos, the hum of progress is often drowned out by the challenges of rapid urbanization, infrastructure projects can feel like distant promises rather than tangible realities. Yet, under the leadership of Governor Babajide Sanwo-Olu, Lagos State is steadily rewriting this narrative. One of the most transformative projects underway is the Adiyan Water Works (AWW), a bold initiative set to deliver 70 million gallons of clean, potable water daily to Lagosians. At the helm of this ambitious endeavor is Tokunbo Wahab, the Honourable Commissioner for the Environment and Water Resources—a man whose quiet determination and unwavering focus have become a source of hope for millions.

When Governor Sanwo-Olu recently visited the Adiyan Water Works site, it wasn’t just a routine inspection. It was a moment of affirmation—a recognition of the hard work and vision driving this project forward. As the governor walked through the site, the air buzzed with excitement, not just for the technical milestones achieved, but for what this project represents: a future where clean water is no longer a luxury but a given. For Tokunbo Wahab, this visit was a validation of his tireless efforts to turn a lofty vision into a reality that will touch the lives of everyday Lagosians.

The commissioner’s role in this project is nothing short of pivotal. Steering a project of this magnitude in a city as complex as Lagos is no small feat. Yet, under his watchful eye , the Adiyan Water Works has reached an impressive 80% completion rate. This isn’t just a statistic; it’s a testament to Wahab’s ability to navigate bureaucratic hurdles, logistical challenges, and the occasional skepticism that comes with large-scale infrastructure projects. His approach is not just about meeting deadlines; it’s about ensuring that every drop of water delivered will make a difference in the lives of Lagosians.

What sets Wahab apart is his deep understanding of what this project means for the people of Lagos. For him, it’s not just about pipes, pumps, and gallons per day. It’s about the mother who won’t have to walk miles to fetch water for her family. It’s about the child who can focus on school instead of worrying about waterborne diseases. It’s about the small business owner who can thrive with a reliable water supply. Wahab’s work is rooted in the belief that access to clean water is a fundamental right, and his actions reflect a commitment to making that right a reality for all.

The trust Governor Sanwo-Olu places in Wahab is evident. Their partnership is a rare example of how political leadership and administrative execution can come together to achieve something extraordinary. The governor’s frequent visits to the site and his public support for the project are not just gestures of goodwill; they are a recognition of Wahab’s ability to deliver on promises. In a political climate often marred by mistrust and unmet expectations, this synergy is a breath of fresh air.

But the Adiyan Water Works project is more than just an infrastructure upgrade. It’s a symbol of hope and progress for a city that has long grappled with water scarcity. When completed, it will not only improve public health but also boost local economies, create jobs, and attract investments. For communities that have endured years of unreliable water services, this project is a lifeline—a promise of dignity and a better quality of life.

Of course, the journey hasn’t been without its challenges. Large-scale projects like this require more than just technical expertise; they demand empathy and a deep connection to the communities they serve. Wahab has been mindful of this every step of the way. From ensuring fair compensation for affected residents to collaborating with neighboring states like Ogun, his approach has been inclusive and thoughtful. He understands that true progress is not just about building infrastructure but about building trust and fostering collaboration.

Critics may argue that such projects are fraught with complexities, and they’re not wrong. But Wahab’s track record shows that with determination, transparency, and a clear vision, even the most daunting challenges can be overcome. His work on the Adiyan Water Works is a shining example of what public service should be—a commitment to the greater good, even when the road is tough.

As Lagos continues to grow and evolve, the importance of reliable infrastructure cannot be overstated. Clean water is the foundation of health, education, and economic prosperity. The Adiyan Water Works project, under Wahab’s stewardship, is poised to become a cornerstone of Lagos’ transformation. And as the city eagerly awaits the day when clean water flows freely into every home, it’s clear that leaders like Tokunbo Wahab are the driving force behind this progress.

In the end, the success of the Adiyan Water Works will be more than just a technical achievement. It will be a story of hope, resilience, and the power of dedicated leadership. Tokunbo Wahab’s work is a reminder that even in the face of immense challenges, change is possible when leaders put people first. As the water begins to flow, so too will the promise of a brighter, more sustainable future for Lagos—a future built on the foundation of clean water and unwavering commitment.

Let the water flow, and with it, let the promise of progress and prosperity flow for all Lagosians.

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BIG STORY

Lagos House Of Assembly Call For Action Against Open Defecation, Laud Environment Commissioner Tokunbo Wahab

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The Lagos State House of Assembly has called on the Ministry of Environment and Water Resources to rigorously enforce environmental laws against “open defecation” and ensure the widespread availability of free public toilets across the state.

The lawmakers stressed the need for a broad and ongoing awareness campaign to educate residents about the dangers of “open defecation.” Speaker, Rt. Hon. Mojisola Meranda, condemned the practice, emphasizing the urgent need for better sanitation infrastructure.

The House also praised the Commissioner for the Environment and Water Resources, Tokunbo Wahab, calling him a “pride of the state.”

Raising the matter under “Urgent Public Importance,” Hon. Stephen Ogundipe (Oshodi-Isolo 1) warned that “open defecation” tarnishes Lagos’ reputation and obstructs sustainable development.

Hon. Bonu Solomon (Badagry 1) called for the arrest of homeless individuals contributing to the sanitation crisis, urging local government chairmen to assist the state in maintaining cleanliness.

Hon. Gbolahan Yishawu (Eti-Osa 1) proposed the introduction of affordable public toilets, while Hon. Femi Saheed (Kosofe 2) urged the creation of clear policies regarding the management of public sanitation facilities.

Hon. Aro Moshood (Ikorodu 2) connected waste accumulation to “open defecation,” underscoring the need for stricter waste management, particularly in market areas like Mile 12.

The Assembly resolved to ramp up public awareness campaigns and collaborate with private companies to fund sanitation initiatives across Lagos.

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BIG STORY

JUST IN: Nollywood Star, Kenneth Okonkwo Resigns From Labour Party

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Kenneth Okonkwo, a former spokesperson for the Labour Party’s presidential campaign council, has announced his resignation from the party.

In a statement released on Tuesday, Okonkwo stated that his resignation will take effect from February 25, 2025, after which he will be free to join other like-minded Nigerians in shaping the country’s future.

He explained that his involvement in politics was driven by a desire for good governance, and he will continue working towards this goal.

Okonkwo expressed his gratitude to Nigerians who supported the party during its time of need and pledged his loyalty to the Nigerian people. He also mentioned that the Labour Party, in its current state, is non-existent, which led to his decision to resign.

His statement reads:

11th February, 2025

To all Nigerians of Goodwill,

RESIGNATION FROM LABOUR PARTY

I sincerely thank all Nigerians of goodwill for their immense support during the 2023 presidential election, where Nigerians believed in our message for a new Nigeria and voted for us across ethnic and religious lines. We were the only party that achieved 25% support in all six Geo-Political Zones and the Federal Capital Territory. I believe that we won the election under the Labour Party with your support but were denied victory due to a technical glitch.

2. By February 25, 2025, it will be two years since the 2023 presidential election, and two years before the next presidential election. It is a global democratic convention that political consultations, alignments, and re-alignments begin two years before the next election. Unfortunately, the Labour Party, as it is currently structured, cannot be part of the political force that will shape Nigeria’s political future.

3. To avoid any confusion, the Labour Party as it stands is non-existent. According to the Labour Party Constitution, the tenure of ward, local government, and state party executives is three years (see Article 15(2)(3)(4) of the Labour Party Constitution). Since no congresses have been held at these levels within the constitutionally allowed tenure, their leaderships have effectively expired.

4. The former National Chairman of the Labour Party, Julius Abure, and his National Working Committee, having not conducted any legally recognized national convention, according to the Independent National Electoral Commission (INEC) and the courts, the leadership issue within the Labour Party remains an internal matter that the courts cannot intervene in, leaving the party without effective national leadership.

5. The Caretaker Committee, led by Senator Nenadi Usman, which was lawfully set up by the National Executive Council (NEC) of the Labour Party after the INEC’s non-recognition of the Abure-led National Working Committee (NWC), was given six months to conduct congresses and a convention. This was the only viable option to salvage the Labour Party.

6. Unfortunately, Abure and his allies, in collaboration with external forces, have waged unnecessary legal challenges against this Caretaker Committee, preventing it from functioning. More than six months after the Committee’s inauguration, it has not even started, leading many to believe that the objective of these politicians and their collaborators is to bog down the serious members of the Labour Party with frivolous lawsuits until the 2027 election is over. It’s curious that a national executive whose members are defecting daily to other parties, and who cannot fight legal battles to recover these seats, is waging intense legal battles to maintain their destructive grip on the party.

7. It’s clear that Abure is more concerned with his own interests than with the survival of the Labour Party. If he were genuinely interested in fielding a southern candidate for the 2027 presidential election, he would have ceded the position of national chairman to the North, as is the convention when a party aims to field a southern presidential candidate. This was a suggestion from those of us genuinely interested in the party’s survival. While Nigerians, especially in the North, may have overlooked the combination of a southern national chairman and presidential candidate in 2023, they will not overlook it in 2027, having had time to prepare.

8. By not doing this, it’s obvious that Abure and his colleagues want to use some southern presidential candidates as cash cows, generating money for them without any intention of making the party competitive in 2027. This confirms the belief that they are secretly working for the ruling party’s victory. I pity any southern presidential candidate who still believes there’s a future in an Abure-led Labour Party, as they are clearly unaware of Nigeria’s current political realities.

9. I have never been deceitful or betrayed any cause I’ve fought for. My entry into politics was driven by the desire for good governance, and I will continue working for it to ensure that Nigeria becomes a great country led by incorruptible leaders. However, this can no longer be achieved within the current Labour Party, which, as presently constituted, is non-existent. Therefore, I am forced to resign from the party and thank all Nigerians of goodwill who supported us when we needed them most. I pledge my continued loyalty to the Nigerian people, regardless of the political path I choose to follow.

10. This resignation takes effect on February 25, 2025, marking the second anniversary of the 2023 presidential election. After this date, I will be free to join other well-meaning, like-minded Nigerians in shaping a brighter future for our country through good governance.

 

Thank you, and God bless.

Yours sincerely,

Kenneth Okonkwo

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