General
Consumers Pay Discos N553.63bn for Electricity in Q1 2025
By Adedapo Adesanya
The Nigerian Electricity Regulatory Commission (NERC) has revealed that Electricity Distribution Companies (DisCos) collected N553.63 billion from customers in the first quarter of 2025.
According to NERC’s 2025 First Quarter Report published on its website, the amount was from a total billing of N744.27 billion issued to customers during the period.
The report noted that this represented a collection efficiency of 74.39 per cent, compared to 77.41 per cent in the fourth quarter of 2024, when DisCos collected N509.84 billion from a total billing of N658.40 billion.
“Which translated to 77.44 per cent collection efficiency. The 74.39 per cent collection efficiency recorded in 2025/Q1 is 3.05 Percentage Point (PP) lower than the collection efficiency recorded in 2024/Q4 which represents 77.44 per cent,” it said..
The report said that four Discos recorded collection efficiencies up to 80 per cent with Eko DisCo recording the highest collection efficiency which accounted for 84.79 per cent of the collection.
“Conversely, Jos DisCo recorded the lowest collection efficiency with 47.19 per cent.
“A comparison of disCos’ performance shows that Kano had +6.55pp, Abuja +4.81pp, and Enugu +0.72pp,” it said.
According to the report, the three DisCos recorded improvements in collection efficiency between Q4 2024 and Q1 2025.
The report said that the remaining eight DisCos recorded declines in collection efficiency with Port Harcourt recording -15.11pp, Kaduna -7.12pp and Eko -5.21pp. It added that these Discos had the most significant declines over the period.
The report also said that In 2025/Q1, billing and collection efficiencies declined by 2.47pp and 3.05pp respectively, compared to the fourth quarter of last year.
“Based on historical trends, this decline inefficiencies can be attributed to the increased energy off take of +10.06 per cent during the quarter compared to 2024/Q4.
“It has been observed that there is an inverse relationship between DisCos’ energy off take and their billing/collection efficiencies.
“Typically, when DisCos off take more energy, they often allocate the incremental energy to areas where they record historically lower billing and collection efficiencies, ‘’ it said.
According to the report, the most proven methods to improve energy accounting and revenue recovery are accurate customer enumeration and the installation of end-use customer meters.
It said that the commission issued the Order on the operationalisation of Tranche A of the Meter Acquisition Fund (MAF) in the second quarter of 2024.
“ The Order, which became effective on 24 June 2024, directed DisCos to utilise the first tranche of disbursement from the MAF scheme to procure and install meters for unmetered Band A customers within their franchise areas.
“As of March 2025, DisCos have metered more than 41,000 Band A customers through the MAF scheme.
“In addition to the MAF, DisCos are expected to continue to utilise any of the metering frameworks provided for in the NERC, Meter Asset Programme (MAP).
“ And the National Mass Metering Programme (NMMP ) metering regulation (2021) to improve end-use customer metering in their franchise areas,” it said.
The report added that these metering initiatives by NERC would reduce commercial and collection losses, thereby improving the flow of funds to upstream market participants in the Nigeria Electricity Supply Industry (NESI).
General
Adelabu’s Sister, Twin Nephews Regain Freedom as Police Kill Kidnappers
By Dipo Olowookere
The younger sister of the former Minister of Power, Mr Adebayo Adelabu, Mrs Olaide Busayo Adegoke John-Paul, has been rescued by officials of the Nigeria Police Force (NPF).
The woman was freed from her kidnappers along with her twin sons, Peter and Paul, on Saturday evening.
They were abducted on Wednesday morning while the former employee of the Central Bank of Nigeria (CBN) was taking her children to school in Ibadan, Oyo State.
The unfortunate incident reportedly occurred at about 7:30 am on June 3, 2026, throwing residents of the area into panic. The 43-year-old mother was taken from her vehicle by the gunmen and driven away with her 12-year-old twin sons.
This evening, in an operation by security operatives, the victims were rescued, while two of the suspected kidnappers were fatally shot in a gun duel, and two firearms were recovered from the gang.
The police are now combing the area where the rescue operation took place to apprehend some of the fleeing kidnappers, who are believed to have escaped with gunshot wounds.
The news of the rescue of the kidnapped victims has thrown the family of the former Minister into a frenzy.
General
FG, Honeywell Explore Sustainable Development Opportunities
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.
General
FG Orders MDAs to Secure Funding Before Awarding Contracts
By Adedapo Adesanya
The federal government has directed that no new public contracts should be awarded without first getting the funds, as part of efforts to improve project delivery across the country.
Director-General of the Bureau of Public Procurement (BPP), Mr Adebowale Adedokun, disclosed this on the sidelines of the Inaugural Hosting of The Procurement Evolution in Abuja on Thursday.
Mr Adedokun said President Bola Tinubu had approved measures to raise resources needed to settle outstanding obligations to contractors, describing timely payment as critical to an efficient procurement system.
“Mr President has given a directive on when funds should be raised to address the concerns of contractors who are yet to be paid. With this, procurement processes will be much better because payment is now tied to procurement.
“Meaning that no award will be further issued without resources or funding available. So these are the things that the President has asked us to do.”
The BPP boss said the government was also implementing 23 procurement reforms aimed at improving transparency, efficiency and value for money in public spending.
According to him, committees to drive the reforms will soon be inaugurated by the Secretary to the Government of the Federation (SGF).
He said the reforms were designed to ensure that Nigerians benefit directly through improved infrastructure, healthcare, education and better living conditions.
“The president wants Nigerians to feel the effects of this transformation by having good roads, good hospitals, good educational institutions, and a good living wage for all workers.”
The Secretary to the Government of the Federation (SGF), Mr George Akume, said public procurement remained central to the Tinubu administration’s Renewed Hope Agenda.
Mr Akume noted that ongoing reforms, including proposed amendments to the Public Procurement Act 2007, the Nigeria First Policy, Nigeria e-Marketplace initiative, community-based procurement and affirmative procurement programmes, were intended to strengthen local industries and promote economic inclusion.
The SGF, represented by Mr Abubakar Kana, Permanent Secretary, General Services Office, Office of the SGF, added that the reforms would enhance transparency, simplify procurement processes and leverage technology to improve service delivery and national development.
“As we move forward, our collective responsibility is very clear.
“We must ensure that procurement processes are simplified. without compromising accountability, that technology is fully leveraged to eliminate inefficiencies and that all stakeholders work collaboratively to achieve shared national goals.
“The federal government remains fully committed to supporting the Bureau of Public Procurement in driving these reforms and ensuring that public procurement becomes a catalyst for economic growth, infrastructure development and improved quality of life for all our citizens.”
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
