News
FG To Sell Benin-Ihovbor Power Plant, Four Others For $1bn
Published
2 years agoon
By
Editor
The Federal Government through the Bureau of Public Enterprises is currently carrying out transactions for the sale of five power plants under the National Integrated Power Projects at a cost of about $1.15bn, it was gathered on Tuesday.
Although sources familiar with the development explained that the cost of the plants should exceed $5bn based on international benchmark, they revealed that the BPE was planning to sell the facilities at a price that is a little above $1.1bn
The acting Director-General, BPE, Ignatius Ayewoh, confirmed to The PUNCH in a brief telephone conversation that “the transaction is ongoing,” adding that “it is not concluded.”
The BPE boss did not disclose the cost for the five plants, as he quickly stated that he was in a meeting and would not be able to give additional details.
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However, impeccable sources at the bureau named the five power plants to include the 434 megawatts gas-fired Geregu II power plant, located in Kogi; 451MW Omotosho II plant in Ondo; and 750MW Olorunshogo II plant in Ogun State.
Others include the 563MW Odukpami power plant in Calabar, Cross River State; and the 451MW Benin-Ihovbor plant in Edo State.
It was gathered that the Omotosho plant, which has four power generating turbines, would be sold at about $85m; while the Olorunsogo NIPP with also four turbines would cost $170m.
The Benin-Ihovbor plant with five power generating turbines would go for $420m; Calabar Odukpami plant with five turbines would be sold at about $260m; while the Geregu plant with four turbines would go $215m.
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“These are Siemens turbines and each of the turbine can generate about 115MW of electricity,” one of the sources, who pleaded not to be named due to lack of authorisation, stated.
The official went ahead to explain that it would cost about $1m to construct a plant that could generate 1MW of electricity, stressing that if the five NIPP plants were valued on this basis, they would cost more than $5bn.
It was, however, gathered that the cost of constructing 1MW power plant vary depending on several factors, including type of power plant, location, technological advancements, etc.
“But a general range for the cost of constructing a 1MW power plant based on different technologies is that for a solar power plant, it is between $1m to $2m per MW.
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“For wind power plant, it is between $1.5m to $2.5m per MW. For natural gas-fired power plant, such as the NIPPs, it is between $1m to $2m per MW, while for coal power plants, it is between $2m and $3m per MW,” another source in the sector explained.
In December 2022, The PUNCH reported that the Federal Government and the 36 state governors finally agreed to sell five power plants under the National Integrated Power Projects and use the proceeds to fund the 2023 budget.
Parties in the deal reached the agreement in December after over two years of disputes and legal tussle as regards the sale of the NIPP plants being managed by the Niger Delta Power Holding Company.
The NDPHC, owned by the federal, state, and local government councils, is a power generation and distribution company that oversees the implementation of the NIPPs.
The former Director-General, Bureau of Public Enterprises, Alex Okoh, had disclosed the agreement between the Federal Government and the states as regards the NIPP plants to journalists in Abuja during an interview. The disclosure was, however, opposed by various groups.
There have been discussions and plans for the sale of the NIPPs by the Bureau of Public Enterprises for several years, with the specific details and target sale amount evolving over time.
In April 2021, the National Council on Privatisation approved the sale of five NIPPs through a fast-track strategy. The estimated value of these five plants was not publicly disclosed at the time.
In March 2022, the Nigerian National Petroleum Corporation expressed interest in acquiring some NIPPs, indicating continued progress with the sale.
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In December 2022, the former BPE boss, Okoh, confirmed an agreement between the Federal Government and states for the sale of five NIPPs.
He projected the sale to generate over N260bn (around $600m). However, some many sources and CSOs expressed concerns that this amount wouldn’t significantly impact the rising budget deficits at the time.
As of today, and going by what the acting DG of the BPE states, the sale of the NIPPs has not been finalised. The Niger Delta Power Holding Company, which manages the NIPPs, has also not confirmed its sale.
Meanwhile, it should be stated that while there is no official confirmation on the cost of the NIPPs, some sources speculate that the initial estimates for individual NIPPs could have ranged from $300m to $500m.
PUNCH
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News
JUST IN: Finnish Court Jails Simon Ekpa Six Years For Terrorism Offences
Published
53 minutes agoon
September 1, 2025By
Editor
The Päijät-Häme District Court on Monday sentenced Nigerian-born Finnish, Simon Ekpa, to six years in prison for terrorism-related crimes and other offences, according to official court documents seen by BBC News Pidgin on Monday.
The 40-year-old former municipal politician from Lahti was convicted on multiple charges, including participation in the activities of a terrorist organisation, incitement to commit crimes for terrorist purposes, aggravated tax fraud, and violations of the Lawyers Act.
The court ordered that Ekpa remain in custody.
According to the judgment, between August 2021 and November 2024, Ekpa attempted to promote the independence of the so-called Biafra region in southeastern Nigeria through illegal means.
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“He used social media to gain a politically influential position and took advantage of the confusion within a key separatist movement in Nigeria to play a significant role in it,” the court statement stated as reported by BBC News pidgin.
Ekpa denied all the charges against him.
The court also found that Ekpa was instrumental in founding and developing the separatist movement into a more organised structure, working alongside others.
It was revealed during the trial that armed groups were established under the movement, which the court classified as terrorist organisations.
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“Ekpa equipped the groups with weapons, explosives and ammunition through his contact network. He also urged and enticed his followers on X (formerly Twitter) to commit crimes in Nigeria,” the court said.
The trial was conducted over 12 sessions between May 30 and June 25, 2025, with a panel of three judges unanimously delivering the verdict.
Finnish authorities arrested Ekpa in December 2024 on charges linked to terrorism.
He was held on probable cause and suspicion of publicly inciting people to commit crimes with terrorist intent.
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The alleged offences were said to have occurred between August 23, 2021, and November 2024, primarily in the city of Lahti.
The Finnish National Bureau of Investigation also initially arrested four other men in connection with the case. However, charges against them were later dropped due to insufficient evidence.
Ekpa, who previously served as a municipal councillor in Lahti, is widely known for his controversial role in the Biafran separatist movement.
His online broadcasts and social media activity have drawn both support and condemnation within and outside Nigeria.
News
JUST IN: Doctors Issue 10-day Ultimatum, Threaten Strike
Published
2 hours agoon
September 1, 2025By
Editor
The Nigerian Association of Resident Doctors issued a 10-day ultimatum to all relevant government agencies on Monday, warning that its members would embark on a nationwide strike if the demands were not met.
NARD disclosed this in a communiqué signed by its President, Dr. Tope Osundara; the General Secretary, Dr. Oluwasola Odunbaku; and Publicity and the Social Secretary, Omoha Amobi, issued after its Extraordinary National Executive Council meeting, which was held virtually on Sunday.
In July, NARD had issued a three-week ultimatum, but in the interest of industrial harmony, the NEC granted the National Officers’ Committee an additional three weeks to engage with all relevant stakeholders, after which it would reconvene to reassess the extent of implementation of its demands.
In Sunday’s meeting, the E-NEC condemned the failure of the Federal Government to fulfil its promises, noting with dismay that a substantial number of resident doctors remain unpaid for their 2025 Medical Residency Training Fund, and the refusal to pay the outstanding five months’ arrears arising from the 25 per cent/35 per cent Consolidated Medical Salary Structure review, as well as other longstanding salary arrears.
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It also condemned the government’s failure to pay the arrears of the 2024 Accoutrement Allowance.
“The E-NEC expressed displeasure over the unjust downgrading of the membership certificates of the West African Colleges of Physicians and Surgeons by the Medical and Dental Council of Nigeria, as well as the persistent non-issuance of membership certificates by the National Postgraduate Medical College of Nigeria.
“The E-NEC condemned in strong terms the failure of the Kaduna State Government to honour its commitments to members under ARD Kaduna and Barau Dikko Teaching Hospital, despite earlier agreements and signed Memoranda of Understanding. The E-NEC condemned the failure of the Oyo State Government to address the challenges faced by members of ARD LAUTECH Teaching Hospital, Ogbomosho, despite an ongoing indefinite strike action in the hospital,” it noted.
It, however, commended state governors who have demonstrated commitment to the welfare of doctors by paying the 2025 MRTF.
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Meanwhile, the doctors said that if their demands are not met by September 10, 2025, they would embark on a nationwide strike.
E-NEC, however, demands the immediate payment of the outstanding 2025 MRTF to all eligible resident doctors by the Federal Government, as well as the settlement of the outstanding five months’ arrears of CONMESS, alongside other longstanding salary arrears.
The Council also demands, “The immediate payment of the arrears of the 2024 Accoutrement Allowance. The E-NEC demands the commencement of payment of specialist allowances to all doctors without further delay, given their indispensable role in delivering specialist medical care across the nation. The E-NEC demands that the MDCN immediately restore the recognition of the West African postgraduate membership certificates to their rightful status and calls on the NPMCN to commence without delay the issuance of membership certificates to all deserving candidates, in line with international best practices.
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“The E-NEC demands the immediate implementation of the 2024 CONMESS and resolution of all outstanding welfare concerns in Kaduna State, noting that the indefinite strike by our members has already resumed and will continue until these demands are met. The E-NEC demands that the Governor of Oyo State, His Excellency Governor Seyi Makinde, immediately resolve the welfare concerns of resident doctors under the employment of the state government, particularly those at LAUTECH Teaching Hospital, Ogbomosho.
“The E-NEC urges all State Governors to prioritise the welfare of doctors in their state-owned hospitals and training institutions, ensure the timely payment of MRTF to their resident doctors, and take proactive steps to curb emigration while maintaining industrial harmony.
“The E-NEC extends the ultimatum by a final 10 days to all relevant government agencies to meet these demands. Failure to do so within this period (expiring on Wednesday, 10th September 2025) will leave the NEC with no other option than to embark on a nationwide strike action.”
News
FG Unveils Revised Curriculum For Basic, Secondary, Technical Education
Published
17 hours agoon
August 31, 2025By
Editor
The Federal Government said it completed a comprehensive review of school curricula for basic, senior secondary and technical education aimed to make Nigerian learners “future-ready.”
The Ministry of Education disclosed this in a statement signed on Friday by its Director of Press and Public Relations, Boriowo Folasade, and made available to newsmen on Sunday.
Folasade said the Minister of State for Education, Prof. Suwaiba Said Ahmad announced the curriculum on behalf of the Minister of Education, Dr. Maruf Alausa, while speaking in Abuja.
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According to the minister, the review was carried out in collaboration with key education stakeholders, including the Nigerian Educational Research and Development Council, the Universal Basic Education Commission, the National Senior Secondary Education Commission and the National Board for Technical Education.
The new framework is designed to reduce content overload, improve learning outcomes, and ensure Nigerian students are equipped with skills relevant to today’s global demands.
Prof. Ahmad said the exercise went beyond merely trimming subjects, stressing it focused on improving content to promote deeper learning and reduce overload for pupils and students.
“Under the revised structure, pupils in Primary 1–3 will study a minimum of nine and a maximum of 10 subjects; pupils in Primary 4–6 will take 10 to 12 subjects. Junior secondary students may offer 12 to 14 subjects, senior secondary students will take eight to nine subjects, and technical schools will offer nine to 11 subjects,” the statement read.
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“The revised curricula will reduce content overload and create more learning time for students,” Prof. Ahmad said, adding that the changes reflect the government’s commitment to delivering quality, practical and relevant education in a rapidly changing world.
The Ministry of Education commended stakeholders for their role in the review and said implementation will be accompanied by strict monitoring to ensure a smooth transition across schools nationwide.
The ministry did not give an exact date for rollout, but said the new curricula will be phased in with oversight from relevant agencies to guarantee effective adoption.
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