General
Ambode Promises Review Of Retired Perm Secs Pension
By Dipo Olowookere
Lagos State Governor, Mr Akinwunmi Ambode, on Tuesday said his administration would initiate a process of an upward review of pension of retired Permanent Secretaries in the state, just as he expressed the readiness of the state government to commence massive training of civil servants starting from 2017.
Governor Ambode, who spoke at Lagos House in Alausa, Ikeja when he received the report of the 2016 Summit of Association of Lagos State Retired Heads of Service and Permanent Secretaries, said the decision to review the pension was borne out of the need to reward appropriately those who have served the State meritoriously for several years.
While alluding to the years of experience of the retired Permanent Secretaries, the Governor said his administration would tap into the wealth of experience of the members of the association and use it to help the civil service and also develop the State.
He said: “We will collaborate together more vigorously and tap into your wealth of knowledge. We want to start this with our massive plan starting from next year for capacity building for the largest civil service in Nigeria, the Lagos Civil service. We will also use it as part of our own development plan and imbibe this knowledge into the existing public service.”
Speaking on the review of pension of members of the association, Mr Ambode said the struggle for dignity of labour for civil servants had been on for a while, but that it was time for it to be actualized.
According to the Governor, “We are going to look at the pension of Permanent Secretaries positively because the whole essence is that if people retire at that level, and those coming behind us, there must be dignity in labour and then there must be some sense of fulfilment.
“That is why we must reward glowingly those who have served the State meritoriously. When we go out and see all the beautiful things in Lagos, we must realize that some people actually built those things and this is the time to celebrate and reward them,” he said.
He said over the past fifty years, Lagos had distinguished itself as the only State that has continually progressed in a manner that anybody would be proud of, adding that the progress was largely attributable to civil servants both retired and the present ones, who he described as the best in the country.
“What people don’t understand is that there is a culture of excellence in the civil service; there is a culture of resilience; there is a culture of capacity building which cannot be seen in the textbooks.
“There is also a culture of tenacity in which you have all that it takes to bring out your competences, your capacities and characters. That is what this association personifies and today, whatever it is that we have done in terms of public sector reforms is never enough because the whole essence of governance is to give back to the people the real quality service delivery that the civil service stands for,” he said.
Besides, Governor Ambode said it was a thing of pride that a member of the association is now the Governor of the State, which is a also a pride to the civil service, adding that all necessary support would be given to the association to further contribute to the development of the State.
Earlier, leader of the delegation and first Vice President of the association, Mr Mohammed Ajibola Olagbeyi commended Governor Ambode for his various developmental initiatives in the State, and support for the association.
While reeling out some of the recommendations in the report of the 2016 Summit of the association, Mr Olagbeyi said the group was satisfied with the utilization of the Security Trust Fund, while it was recommended that Bi-annual security summit should be held at the Local Government level.
He said the association recommended the Inspectorate Department at Ministry of Local Government to ensure proper monitoring of Local Government to achieve targets, as well as the re-establishment of the Teaching Service Commission.
The association further recommended the reintroduction of primary health care activities and establishment of blood banks in all hospitals; strengthening of intermodal transport system, and review and harmonization of all environmental laws.
By Modupe Gbadeyanka
The federal government and the Honeywell Group are strengthening a partnership aimed at achieving sustainable development in Nigeria.
The company on Thursday held a meeting with the Minister of Interior, Mr Olubunmi Tunji-Ojo, in Abuja. Both parties explored ways to promote economic development, reaffirming the importance of public-private sector cooperation in advancing Nigeria’s development agenda and improving service delivery for citizens.
The Senior Adviser to the Honeywell Group, Mrs Oduwaye Nsidi-Sakiri, reaffirmed the organisation’s commitment to supporting national development through constructive engagement and collaboration.
“We commend the remarkable progress that has been made. These achievements are a reflection not only of leadership but also of the dedication and hard work of the entire team within the Ministry,” she said.
She explained that the visit reflected Honeywell Group’s longstanding tradition of maintaining proactive and constructive relationships with government institutions, regulatory agencies, and other key public-sector stakeholders. She further expressed the group’s willingness to explore opportunities for collaboration in support of government initiatives and national development objectives.
Also speaking, Honeywell Group Chief Operating Officer, Mrs Tomi Ayo-Tugbo, commended the Ministry for reforms that are delivering tangible improvements in the lives of Nigerians, reiterating the firm’s commitment to supporting the country’s growth and prosperity.
On his part, Mr Tunji-Ojo praised the company for its longstanding contributions to Nigeria’s economy and acknowledged the critical role of the private sector in driving economic growth, creating jobs, and supporting national development.
He further assured the delegation of the Ministry’s readiness to engage with stakeholders and collaborate with responsible corporate organisations in advancing initiatives that promote economic development, innovation, and improved service delivery.
The Minister emphasised that the reforms being implemented across the Ministry and its agencies are designed not only to improve operational efficiency but also to strengthen national security and enhance public confidence in government institutions.
“Our goal is to build institutions that work efficiently for the people. We are committed to creating systems that are transparent, technology-driven, and capable of delivering services in a manner that reflects the aspirations of a modern Nigeria,” he stated.
“The government cannot achieve sustainable development alone. Strong partnerships between the public and private sectors are essential to building a prosperous nation. We value organisations such as Honeywell Group that have consistently invested in Nigeria and contributed to the country’s growth over several decades,” Mr Tunji-Ojo added.
By Adedapo Adesanya
Nigeria’s electricity distribution companies (DisCos) generated N196.13 billion in revenue in March 2026, despite billing customers a total of N246.43 billion during the month, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission (NERC).
The figure represents a slight decline from the N196.68 billion collected in February, highlighting persistent challenges in revenue recovery across the power distribution segment, even as energy supplied to the grid continued to improve.
NERC’s March 2026 fact sheet showed that electricity billing rose by 1.71 per cent from N242.29 billion recorded in February, reflecting increased energy deliveries and customer charges. However, collection efficiency declined to 79.59 per cent from 81.17 per cent in the previous month, indicating that a significant portion of billed revenue remained uncollected.
The regulator disclosed that DisCos received 293.76 million kilowatt-hours of electricity during the review period, representing a 6.02 per cent increase compared to February. The development suggests a modest improvement in power availability across the distribution network.
Despite the increase in energy supplied, revenue recovery remains uneven across the industry. NERC reported that the average approved tariff for March stood at N124.30 per kilowatt-hour, while actual collections averaged ₦100.75 per kilowatt-hour, resulting in an overall revenue recovery efficiency of 81.05 per cent.
Among the eleven DisCos, Ikeja Electric emerged as the strongest performer, posting a revenue recovery efficiency of 99.30 per cent. Eko Electricity Distribution Company followed with 95.73 per cent, while Benin DisCo recorded 85.18 per cent.
At the lower end of the performance table, Kaduna Electric recorded the weakest recovery rate at 35.65 per cent. Jos DisCo and Yola DisCo also struggled, achieving recovery efficiencies of 53.53 per cent and 58.58 per cent, respectively.
Ikeja Electric also led in collection efficiency with 96.38 per cent, ahead of Benin DisCo at 90.97 per cent and Eko DisCo at 87.68 per cent. Kaduna, Jos and Yola remained the poorest performers in this category, underlining the persistent commercial and operational challenges facing power distributors in parts of northern Nigeria.
In terms of billing efficiency, Eko DisCo ranked first with 92.30 per cent, followed by Port Harcourt DisCo at 90.36 per cent and Ikeja Electric at 87.76 per cent. Yola DisCo recorded the lowest billing efficiency at 58.68 per cent.
The latest figures underscore the mixed realities within Nigeria’s power sector. While electricity supply and customer billing continue to improve, revenue collection remains a major obstacle to the financial sustainability of the industry.
Analysts note that stronger metering penetration, improved customer confidence, reduction in energy theft and more efficient collection systems will be critical if DisCos are to close the widening gap between electricity supplied, billed revenue and actual collections.
The March performance report comes as regulators and industry stakeholders intensify efforts to strengthen the commercial viability of the electricity market, attract fresh investment and improve service delivery across the country.
By Adedapo Adesanya
Interswitch has entered into a partnership with Geneva-headquartered banking software provider Temenos to offer managed banking services to financial institutions across the continent, deepening its push into banking technology.
The partnership will see Interswitch adopt Temenos’ banking technology across core banking, digital banking, payments, wealth management, and financial crime management.
This will enable the firm to provide cloud-hosted and on-premises managed services to lenders on the continent. The service will initially target Nigeria, Ghana, Côte d’Ivoire, Kenya, and other African markets.
“This is a pivotal moment for Interswitch as we accelerate our expansion beyond payments and reimagine digital banking for Africa,” Mr Jonah Adams, managing director for Digital Infrastructure and Managed Services at Interswitch, said in a statement.
By combining Temenos’ software with its existing footprint across the continent, Interswitch is positioning itself as a technology partner that can help banks upgrade critical systems without having to manage the complexity of large-scale technology deployments.
“By adopting Temenos’ cloud-native, composable platform, Interswitch gains the flexibility and scalability to accelerate its next phase of growth and deliver banking services that meet the needs of African markets,” Mr Adams added.
For Temenos, the deal strengthens its presence in Africa through a partner with deep relationships across the banking sector. It lost one of its banking customers, Sterling Bank, in 2024 after the tier-2 Nigerian bank switched to SEABaaS, a new custom-built core banking application.
“Interswitch is an important new customer and partner for Temenos in Africa,” said Mr William Moroney, Chief Revenue Officer at Temenos. “Interswitch’s strong presence across the continent also extends our reach and further strengthens our ecosystem and partner network.”
Founded in 2002, Interswitch built its reputation as one of Africa’s largest payments companies through products such as Quickteller and Verve, its domestic card scheme.
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