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FG May Revoke DisCos’ Licenses For Poor Performance – Minister

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FG May Revoke DisCos’ Licenses For Poor Performance – Minister

The Minister of Power, Saleh Mamman, has attributed failure in electricty supply to Distribution Companies’ (DisCos) poor performance, stressing that FG may revocate some licenses after review.

Stating that the Federal Government Executive Council will decide the fate of the DisCos, after reviewing the memo on their performance, the Minister lamented that Power supply has failed to improve in the country in spite of the promise by successive governments since 1999 and the privatization of the sector in 2013.

Nation reports that the Minister said DisCos have failed to meet up with their obligations while the government is no longer willing to continue subsidising them.

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He said “Government has signed a Memorandum of Understanding with the German government and Siemens. They are to align between distribution, transmission and generation so that if we generate 13,000 megawatts, transmission will take the whole 13,000 and will distribute same. That way, Nigerians will be happy and everyone will have 24/7 electricity supply.”

“The DisCos are manning the distribution that is why I have submitted my observations to the government. It is left for the government to decide. We just have to sit and see whether they are capable, have the technical know-how because most of the problems we are having today is technical and commercial losses.

“They will give you electricity and may not collect your money or they will collect the money and pocket, or they may send electricity and you may not have good sub-station that may collect this power and distribute to customers. This has been our major problem and it is the responsibility of the DisCos to take care of that end”.

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“Government cannot continue subsiding because what they (DisCos) are doing is that they collect 3,000 megawatts and pay for only 1,000 megawatts, that is 15 per cent of what they are collecting, so government is the one completing the payment. We cannot continue like that.

“If they are ready to continue, fine but if they are not ready to continue maybe they should give way to whoever that is ready to come and invest. We are asking the government to review and see if they are capable, but if they are not capable, they should give way.

“Most of the problems we are facing in this country that we cannot get electricity supplied adequately and efficiently is because we have a problem in distribution. Generation, no more problem.

“We can generate up to 13,000 megawatts, but the transmission, those who are taking the electricity supply can only take 7,000 megawatts, even at that they are not taking the whole 7,000 megawatts but only 4,500 megawatts and then send to distribution. The distribution in turn receives only 3,000 megawatts. Because of technical and commercial reasons, they cannot contain the entire power that has been generated.

“So, we have to correct the infrastructure. That is why I said that today, I submitted my observation to council and I believe the government is on it.”

On the financial interventions the government had made so far in the power sector, Mamman said: “If they are ready to continue, fine, but if they are not ready to continue maybe they should give way to whoever is ready to come and invest.

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“We are asking government to review and see if they are capable but if they are not capable they should give way”, he added.

DisCos in the country are: Ikeja Electric, Benin DisCo, Abuja DisCo, Kano DisCo, Port Harcourt DisCo, Ibadan DisCo, Enugu DisCo, Eko DisCo, Jos DisCo, and Kaduna DisCo and Yola DisCo which is now in the hands of government.

(NATION)

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Lagos, Ondo, Taraba Top In Highest Okada Fares In March – NBS

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A recent National Bureau of Statistics report shows Lagos, Ondo, and Taraba recorded the highest Okada (motorcycle) fares in March.

The data indicates substantial differences in transportation costs across various Nigerian states.

In March 2024, the average fare for Okada rides per trip in Nigeria rose by 2.15% compared to the same period last year, with fares reaching N472.16, up from N462.21 in March 2023.

This was contained in the most recent National Bureau of Statistics Transport Fare Watch report for March 2024, published on the agency’s website.

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However, fares in Lagos, Ondo, and Taraba states were notably above the national average for March 2024.

Lagos had the highest Okada fare at N850 per trip, with Ondo following at N725 and Taraba at N670, illustrating significant differences in transportation costs across regions.

Imo and Yobe states, with average Okada fares of N655 and N630 respectively for March 2024, ranked fourth and fifth among Nigerian states for the highest motorcycle journey costs per trip.

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Trouble Looms As OAU Students Threaten Shut Down With FG Over Fuel Crisis

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The students’ Union of Obafemi Awolowo University said on Sunday, said the challenges faced by students due to the sudden surge in the pump price of Premium Motor Spirit and the scarcity of the product have reached unprecedented levels.

The President of the union, Abbas Ojo, in a statement released on the campus in Ile-Ife, Osun State, and sent to The PUNCH, urged the Federal Government to immediately address the issues.

The union threatened to hit the streets in protest if the situation persisted.

Since the weekend, queues have surfaced across some filling stations in Ogun and Lagos states as some stations also remained shut.

The PMS also known as petrol has been selling between N700 and N800 at some filling stations. Some persons claim to buy the fuel at prices higher than N800 in Lagos and Ogun with the situation causing a hike in transport fares.

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The Nigerian National Petroleum Company Limited had said some supply issues were responsible for the queues, urging customers to exercise patience.

A resident, Tomisin Bakare, who said he bought PMS from a filling station around the Lagos State University-Igando axis stated that he was shocked when the attendant said fuel was N700 per litre.

This is after I had already spent over 50 minutes in the queue,” he added.

According to the students’s union president, the situation is not different in Osun, particularly around the campus environs where he noted bus drivers had increased fares.

“We, as students, can no longer endure the burden imposed by the government’s economic policies,” Ojo said.

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Last year, when the decision to remove fuel subsidy became public knowledge, many, including students, harboured doubts about its impact on the nation’s economy. Even those who supported the removal of subsidies were skeptical, given the absence of concrete plans to alleviate the ensuing challenges,” he added.

President Bola Tinubu on May 29, 2023, during his swearing-in, announced the removal of fuel subsidy. Since then, Nigerians have been grappling with harsh economic realities coupled with the depreciation of the naira against the dollar.

“From soaring electricity tariffs to the skyrocketing cost of living, the adverse effects of the government’s capitalist policies have spared no one.

“Despite these challenges, students persist in their pursuit of education and academic endeavours. However, recent events such as fuel shortages and fluctuating prices have left students stranded both on campus and outside campus,” Ojo stressed, noting the students had been pushed to limits.

The union demanded immediate action from the FG to address the fuel scarcity, curb suspected hoarding of fuel, and regulate prices.

“We also demand that the government should revive the country’s refineries. The government must not test our will by not addressing these demands within the next 48 hours. Failure to do so, we shall hit the streets till the government addresses the fuel crisis which constitutes a threat to our academic pursuit,” the statement added.

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JUST IN: Popular Gospel Singer Is Dead

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Popular Gospel singer Morenikeji Adeleke, also known as Egbin Orun, is dead.

Her colleague Esther Igbekele, confirmed the death in an Instagram post on Sunday.

The gospel singer expressed shock and sadness, sayin Egbin Orun departed suddenly without bidding farewell.

According to her, the two had recently spoken, unaware of the impending tragedy.

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Igbekele praised Egbin Orun’s beauty, kindness, and strong support for her ministry.

She wrote, “I got home from my program to hear about this great loss.. Prophetess Morenikeji Egbin Orun you left without saying goodbye..

“We spoke together last week not knowing you are about to embark on a journey to the great beyond.. You are such a beautiful and kind hearted woman and a very good supporter of my ministry.

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“I am deeply saddened with your demise but God knows best. You will be greatly missed and your good deeds will continue to linger in our hearts.

“Ah Egbin Orun. Good night! Keep resting in the bosom of Christ.. Ah Gone too soon..Yeeee.”

The cause of her death remains undisclosed and no official statement has been issued.

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