Economy
Dogara Tasks Stakeholders to Address Myriad Power Problems
By Modupe Gbadeyanka
Speaker of the House of Representatives, Mr Yakubu Dogara, has charged stakeholders in the power sector in Nigeria to ensure they address the myriad of issues frustrating steady supply of electricity in the country.
The Speaker gave this charge on Tuesday during his welcome address at the 2-day stakeholders’ interactive dialogue/workshop on the Nigerian power sector by the National Assembly at the Congress Hall of Transcorp Hilton in Abuja.
Mr Dogara admitted that the power sector in Nigeria has over years been faced with many intimidating and daunting challenges.
He said these challenges run across the entire power value chain of generation, transmission and distribution and that these myriad issues are apparently exacerbated by inadequate funding, poor energy mix, fuel supply issues, flawed regulatory framework, commercial issues among others.
“There is therefore a need for concerted efforts by all stakeholders to address these myriad problems,” he charged.
According to him, the “objective of this workshop is to provide a platform for stakeholders to carry out a holistic diagnosis of the challenges impeding the development of the Nigerian Electricity Supply Industry (NESI) and proffer practical solutions.”
“The diagnosis includes but not limited to a critical analysis of the extant legislations and regulatory framework guiding the Nigerian power sector to determine if there is a need for amendments or enactment of new laws that will galvanize the sector to deliver the required results,” he said.
According to him, some of the relevant questions to be asked are:
- Why has power generation remained at less than 5000MW since the last 56 years?
- Why have various policies by successive governments failed?
- Why has the transmission infrastructure remained inadequate in wheeling the available power?
- How can the Federal Government rapidly expand the transmission infrastructure?
- Why are electric meters not available to most consumers thereby leading to contentious estimated billing?
- How can NERC establish a cost reflective tariff and reduce inefficiency in support of affordable end user tariffs?
- Why has there not been an effective Gas Master Plan for Nigeria which would have preceded the building of the gas fired power plants?
- What is the solution to the perennial pipeline vandalism that disrupts delivery of gas to the gas fired power plants?
- What can be done to improve local and foreign investment in gas gathering, processing and distribution?
- Why is there local and foreign investor apathy in investing in the Nigerian power sector?
- Why are the local and foreign financial institutions not funding the sector?
- How can the FGN create and sustain a stable investment climate for private sector participation in the power sector?
- How can the FGN maintain a creditworthy off-taker (NBET) of electricity?
- How can we maximize options like mini hydro and small solar projects to power rural communities?
. Perhaps the most important question is what happened to the N2.74 trillion spent on the sector from 1999-2015?
. Why is it that the more we spent on the power sector, the more darkness we attract?
- Why are most of the companies licensed by NERC not able to start their projects?
- What can be done to improve the poor energy mix?
- Why has the FGN not embarked on Energy Conservation campaign that will emphasize the use of energy saving bulbs etc.?
- What kind of guarantee is needed by foreign investors to facilitate investment in the power sector?
- What role can the legislature play to facilitate a rapid development of the power sector?
- Is there a political will to tackle head on the challenges of the power sector?
- Is there any need for amendment of extant legislations or enactment of new laws to galvanize both local and foreign investment in the Nigerian power sector?
The Speaker said stakeholders and participants at the programme must answer in order to proffer long lasting solutions that will move the Nigerian power sector forward, stressing that he remains “confident that the array of stakeholders gathered here today are eminently capable of dealing with these and many more related questions and puzzles that exist and will arise in the course of deliberations.”
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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