Connect with us


BIG STORY

Power Sector Has Broken Down Completely, Govt Wasted N1.7 Trillion In Three Years — El-Rufai Drops Bombshell

Published

on

The power sector has broken down completely, the government declared on Thursday after its activities were reviewed by the National Economic Council (NEC)

The government said there is no result to show for the N1.7 trillion financial support it gave to the sector in the last three years.

It added that Nigerians must now be involved in finding solutions to the ‘broken’ sector.

Kaduna State Governor Nasir El-Rufai made the government’s position known at the end of NEC’s January meeting at the State House in Abuja.

E-Rufai, who is the Chairman of a committee set up by NEC to harmonize the Power Sector Reform, told reporters that the government was desirous of ending the challenges hindering the sector.

He said the committee’s request to throw the process of finding a solution to the national power crisis open was approved.

According to him, beyond experts and other critical players in the sector, ordinary Nigerians, who have ideas and experience the power would be invited to bring in memoranda, as part of the plan to solve the intractable national power problem.

He said: “On the status of the ownership of the distribution companies, the committee met five times since its inauguration on the 5th of December, we’ve made significant progress in getting presentations from all the stakeholders in the electricity supply industry and we all agreed that the electricity supply industry is broken and the situation of the power sector is a national emergency that requires all hands to be on the deck, to interrogate why the sector is not working for the overall progress and benefit of Nigeria and Nigerians.

“We’ve received presentations from virtually all the stakeholders. We came to NEC to ask that we co-opt the Association of the Electricity Distribution Companies in Nigeria and the Association of Electricity Generating Companies in Nigeria as members of the committee and NEC approved that.

“We updated NEC on what we have found so far and promised that work on this will continue and we’ll submit our report in the shortest possible time.

“But the electricity industry is quite complex and technical and even those of us that have been asked to be members of the committee are learning a lot from the various presentations, sometimes conflicting presentations from various stakeholders in the power sector.

“However, I think there is the will on the part of all the members to really go to the root of all the problems and speak to ourselves in an honest national conversation and find a way to fix this sector because this country will never make progress, will never create jobs or industrialize without a functioning electricity industry and that’s the goal that NEC has given us beyond just establishing the status of ownership of the distribution companies.

“Everyone in Nigeria is affected by electricity and we want to hear your views; what you think is wrong with the sector, what your experiences are, dealing with the distribution companies, what you think are solutions to these problems. “Sometimes, solutions are not technical, but commonsensical. So, while we have all the technical experts on the table, we also want to hear from the Nigerian public

“We hope that when we receive these memoranda, we will curate them and analyze them. We’ll summarise them and various suggestions and solutions will be published as part of our report to NEC. After that, we can go to the government of the federation for decisions.

“The objective is how do we fix the power sector. This is the question we want to ask every Nigerian and we want suggestions. We want experiences, we want everything out there and we’ll protect the confidentiality of anyone that chooses to give us confidential information, but we need everyone on deck.”

On the power sector reforms and the required steps to take, El-Rufai said: “There are other issues. The entire sector is broken, the tariff is an issue, the way the privatization was done is an issue to many.

“So, there are many issues. What we have agreed on is that there is a fundamental problem in the electronic supply industry. And that you cannot privatize an industry and then over three years since privatization, you pump in N1.7 trillion of government fund into it, that is not privatization.

“The Federal Government has supported the electricity sector with N1.7 trillion in the last three years and this is not sustainable. So, solutions must be found.

“Today, there are 80 million Nigerians that do not have access to electricity. We cannot continue like this.

“We want to listen to Nigerians and get their own views and incorporate those views in every solution that we proposed.”

On the plan to leverage on pension funds to grow the nation’s key infrastructure, including power, the governor said the system is not peculiar to Nigeria, adding that it is about the best way to develop at a leap.

“On the question on pension funds, I think there is a bit of misunderstanding about this. First of all, it is not true that this money is people’s money. The people contribute and the government also matches their contributions, so it’s part government money, is part workers contribution.

“Every month when you contribute, there is also employer’s contribution. Secondly, you have to ask yourself the question, if this money is there what is the best use for the money.

BIG STORY

National Assembly Passes Life Imprisonment Bill For Nigerian Drug Traffickers

Published

on

In a bid to tackle drug-related crimes, the National Assembly has amended the National Drug Law Enforcement Agency (NDLEA) Act, introducing life imprisonment for drug offenders and traffickers.

This comes after the Senate and House of Representatives adopted the harmonised report on the amendment.

Senator Tahir Monguno, Chairman of the Senate Conference Committee, presented the report, highlighting that the amendment introduces stricter penalties to deter drug-related crimes.

“Any person who unlawfully engages in the storage, custody, movement, carriage or concealment of dangerous drugs or controlled substances and, while doing so, is armed with an offensive weapon or disguised in any manner, commits an offence under this Act and is liable, upon conviction, to life imprisonment,” Monguno said.

The Senate approved the amendment through a voice vote during Thursday’s plenary, which was presided over by Deputy Senate President Barau Jibrin.

In addition, the Senate passed the Revenue Mobilisation, Allocation, and Fiscal Commission Bill, 2024, aimed at replacing the 2004 RMAFC Act. Yahaya Abdullahi, Chairman of the Senate Committee on National Planning and Economic Affairs, stressed the need for the commission’s reform, citing Nigeria’s declining revenue and increasing population.

“The Act, last revised over 20 years ago, no longer reflects Nigeria’s evolving economic realities. This bill proposes additional funding and a restructured operational framework for the commission to improve its efficiency,” Abdullahi explained.

He further emphasised the need for adequate funding from the Federation Account for the RMAFC to effectively carry out its constitutional duties.

The bill, passed after deliberations and a majority vote, now awaits President Bola Tinubu’s assent to become law.

Continue Reading

BIG STORY

UPDATE: We’re Ready To Provide Evidence For Trial Of Simon Ekpa — Enugu Government

Published

on

The Enugu State Government has expressed its readiness and willingness to provide evidence to assist in the prosecution of Simon Ekpa, who was arrested in Finland on Thursday over allegations of sponsoring terrorism in Nigeria.

Enugu State Government made this offer in a statement released by the Secretary to the State Government, Prof. Chidiebere Onyia, on Friday.

In the statement, the Enugu State Government also commended the Government of the Republic of Finland for the arrest of Ekpa, whom it described as “the Finland-based leader of the criminal gang, Autopilots.”

The Enugu State Government further referred to Simon Ekpa as “a common criminal, con man, and terrorist, who has no interest of Igbo people at heart.”

It added that Ekpa “is a murderer and fraudster, who delights in killing his people and living large off their misery.”

“Enugu State was ready and willing to provide evidence of Ekpa-sponsored atrocities against Ndigbo to aid his trial and conviction, whether in Finland or Nigeria.”

“The Enugu State Government welcomes the arrest of the Finland-based terrorist, Simon Ekpa.”

“His arrest and trial will no doubt go a long way in strengthening peace, security, and stability in all parts of the South East.”

“This arrest is in line with the demand of Governor Peter Mbah Administration, which has repeatedly made it known that Ekpa is a megalomaniac, common criminal, murderer, and fraudster, who takes joy in feeding fat on the manipulated emotions of Ndigbo and inflicting misery on the South East region.”

“Ekpa has for long, and unfortunately from Finland, made a living by creating a siege climate and mentality in the South East, destroying lives, property, and the Igbo trademark of entrepreneurship and hard work.”

“He thrives on manipulating, exploiting, and extorting the people on the pretext of fighting for their interest and for the restoration of Biafra,” the government said.

Ekpa was arrested and detained alongside four other suspects by the government of Finland on charges of sponsoring terrorism in Nigeria, according to local newspapers in the European country.

Continue Reading

BIG STORY

Much Ado About Meddlesome Minions, And Messengers Of Misinformation — By Tayo Williams

Published

on

There is a growing phalanx of pseudo-intellectuals parading the social media space with faux and fictitious knowledge of the indigenous oil and gas industry, and it is scary because of the grave danger they portend and present for the average Nigerian.

From X (formerly known as Twitter) to Facebook and even the photos and videos-sharing site, Instagram, they abound, in their inglorious number, lending their platforms to deliberately distort facts and spread misinformation especially to favour the narratives propounded by popular Nigerian businessman Aliko Dangote, owner of the Dangote Petroleum Refinery.

Since the refinery began operations earlier in the year, it has been one week, one controversy allegedly orchestrated by Dangote in a brazen attempt to arm-twist the Nigerian National Petroleum Corporation Limited, NNPCL, into playing by his rules.

Those conversant with the modus operandi of Dangote and his refinery say the long-drawn warfare with every institution and individual in the oil and gas value chain is nothing but a self-seeking and mindless profit maximisation tactic.

Whilst nobody begrudges Dangote’s drive for profit as a businessman, perhaps he needs to be reminded that the NNPC has a mandate to ensure and provide energy security in a way that is affordable and sustainable for the generality of Nigerians. And, the NNPCL management has declared in very unambiguous terms that it would not pander to the din of the market whether orchestrated by Dangote, his rampaging minions or anyone else.

The truth, however, is that there is an increasing army of vacuous, vicious, and vile individuals strutting the social media space defending and propagating outright and outlandish falsehoods. Of particular concern is one Kelvin Emmanuel who has become the unofficial mouthpiece of the Dangote Refinery. Going from one media house to the other, he pulls figures out of the air and projects obnoxious untruths on hapless Nigerians. With the backing of his paymaster’s billions, it is no surprise that this otherwise irrelevant and fatuous character now commands appearances on major television stations.

But it is on X that he has made lying glibly and gratuitously the Holy Grail. He once premised Dangote’s inability to secure feedstock for his refinery on the government and the NNPCL. While peddling this untruth, he conveniently forgets that the refinery had a seven-year window, during its construction phase, to lock in feedstock supplies that could last a minimum of five years. Dangote did none of that. As it would later unfold, his game plan, which Emmanuel glossed over, was to monopolise equity oil and production quotas to serve his business interests.

Another deliberate misinformation from the Dangote camp was the allegation that International Oil Companies (IOCs) and other industry players were trying to sabotage his interests. Apart from being an investor in the Dangote Refinery, the NNPC still supplies gas to various Dangote companies across Nigeria. How can anyone or any institution jeopardise their investment? What further proof of faith does Dangote and his minions need to know that the NNPC is their cheerleader, and is here to make operating in the industry seamless and a win-win for all?

Echoing Dangote’s baseless stance, Emmanuel also called for the sack of Mr. Farouk Ahmed, Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), regulators of Nigeria’s midstream and downstream value chain. By Emmanuel’s warped reckoning, Ahmed had no locus to speak against Dangote or his enterprise because the latter questioned the quality of the product from Dangote Refinery and other local refineries in comparison with imported ones. Of course, Emmanuel’s was a lone voice in the wilderness because those who understand the invaluable role that the NMDPRA plays in the industry did not as much as dignify his tirade with a glance.

In a robust response to Emmanuel’s groundswell of egregious lies, Ibrahim Y. Kabo, a petroleum engineer based in Abuja, described him as “Someone who has not seen the inside of a refinery before Dangote built one, let alone understood the mechanism of the energy industry, …(yet) assuming the role of an authority in oil and gas matters.”

He went further to lampoon Emmanuel for stating that only Dangote Refinery’s products meet specifications while others are all sub-standard. “The obvious question is: whose specifications? For a refinery that has barely made four of seven pre-inauguration certifications, it sounds somehow laughable to suddenly assume the role of regulator in an industry you’ve barely entered,” Kabo said.

In the article, entitled, “The Hand of Aliko, the Voice of Kelvin: Inside Dangote Refinery’s Media Stunt Lab”, Kabo declared that from all Emmanuel’s interviews and pretensions to be an industry expert, one thing is obvious: “He lacks an understanding of both the mandate and the reach of NNPC as a national oil company.”

Kabo adds that, “Downstream is the least of NNPC’s business interests. The mandate, as per PIA (Petroleum Industry Act), is to facilitate both the extraction and commercialization of Nigeria’s oil and gas resources. 20 billion dollars may be a lot, but NNPC and industry regulators routinely handle projects of that magnitude. At best, Dangote and (Emmanuel’s) ranting are an irritation. I believe that’s why NNPC openly declared it was not interested in being Dangote’s off-taker.”

Like the Yoruba saying goes, derision does not stop the sweetness of the honey. The meddlesome minions and messengers of misinformation can continue dancing naked in the marketplace, but what is most important is that the NNPCL has assured that it will not cease doing everything in its capacity “to harness the possibilities of oil and gas, address energy demand and drive the national economy, and become the number one oil producer and supplier in Africa.”

 

Tayo Williams is a Lagos-based media executive

Continue Reading



 

Join Us On Facebook

Most Popular