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DisCos Generate N291.62bn Revenue in Q1 2024

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By Adedapo Adesanya

The Nigerian Electricity Regulatory Commission (NERC) has indicated that power Distribution Companies (Discos) in the country made N291.62 billion in revenue in the first quarter of 2024.

The newly-released data showed that the N291.2 billion was from the N368.65 billion billed to customers, translating to a collection efficiency of 79.11 per cent, which represents an increase of over 5.32 per cent when compared with the 73.79 per cent recorded in the fourth quarter of 2023.

Aggregate Technical, Commercial and Collection (ATC&C) Loss in the period under review was 36.36 per cent comprising technical and commercial loss of 19.55 per cent and collection loss of 20.83 per cent, the report indicated.

This showed that the ATC&C loss improved by 5.75 per cent compared to the 42.11 per cent achieved in the preceding quarter.

The ATC&C loss provides a consolidated report of how much revenue a Disco can collect relative to how much it should have collected based on the volume of energy it received and sold to customers. It is the indicator that evaluates the actual energy and revenue loss in electricity distribution systems.

During the quarter, Ikeja was the only Disco that recorded a lower ATC&C of 15.81 per cent than its target of 18.73 per cent, the report added.

The inability of Discos to achieve their respective ATC&C targets meant that they were not able to recover the full revenues required to provide returns to investors.

In Q1 of 2024, the cumulative upstream invoice payable by Discos was N114.12 billion, consisting of N65.96 billion for adjusted generation costs from the Nigerian Bulk Electricity Trading Plc (NBET) and 448.16 billion for transmission and administrative services by the Market Operator (MO), the report stressed.

Out of this amount, the Discos collectively remitted a total of N110.62 billion, that is N65.52 billion for NBET and N45.10 billion for MO, with an outstanding balance of N3.50 billion.

According to NERC, this translates to a remittance performance of 96.93 per cent in the first three months of 2024 versus the 69.88 per cent recorded in the last three months of 2023.

The average energy offtake by Discos at their trading points during the period under review was 3,283.87MWh/h, which was a decrease of -429.29MWh/h (11.56 per cent) compared to the 3,713.16MWh/h recorded in the previous quarter.

In addition, the total energy received by all Discos in 2024/Q1 was 7,171.93GWh, while the energy billed to end-use customers was 5,769.52GWh, translating into an overall billing efficiency of 80.45 per cent, representing an increase of 2 per cent relative to the 78.45 per cent recorded in Q4 of last year.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Without an Empty Grave, There is no Christian Faith—Apostle Flourish Peters

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Jesus + Nothing Worship

By Aduragbemi Omiyale

The Lead Pastor and Apostolic Head of the Love of God in Christ (LOGIC) Churches Global, Apostle Flourish Peters, has stressed the significance of the resurrection of Jesus Christ to the Christian faith.

Speaking at the church’s inaugural Jesus + Nothing Worship on Good Friday in Lagos, he informed the congregation that, “Without an empty grave, there is no Christian faith.”

“Our faith is fundamentally premised on this singular, undeniable truth – the empty grave. This is what distinguishes our faith; while over 4,000 religions exist, only one points to a vacated tomb.

“Ours is the unique faith where the very person we worship lives within us. We are truly elated that through the resounding success of Jesus + Nothing Worship, we were able to bring christocentric worship to the masses,” the cleric added.

Business Post reports that the programme, a powerful evening of gospel music, left attendees deeply moved and spiritually uplifted.

It served as a profound reminder of the sacrifice and glorious resurrection of Jesus Christ, emphasising the core message that through a sober Friday came a Good Friday for all.

Several entertainers, including Timi Dakolo and Greatman Takit, alongside Neon Adejo, SMJ, Noble G, Steve Hills, Lily Perez, Joxie, Anderson Qozan, Pastor Victor Paul, Emeka Songz, Flo, Dorcas Moore, Magpsalms, Mera Owili, Gerald Bishung, Phebe Lion, Larry J and the Evolution Children’s Choir delivered soul-stirring performances that resonated with the central theme of redemption through Jesus Christ at the church’s headquarters in Lekki.

Apostle Peters said Jesus + Nothing Worship was an impactful success, declaring that it would become an annual event.

He emphasised that this worship session is intentionally focused on Jesus Christ, the message of salvation, and providing a vital platform to unveil the gospel talents within The LOGIC Church.

Jesus + Nothing Worship has been a truly unifying experience, allowing us to collectively focus on the profound significance of Jesus’ death and the abundant life we have in His resurrection.

“It is our vision to create a consistent platform where the power of music can amplify the core message of the Gospel and provide an opportunity for the incredible music ministers within our church to impact lives,” he stated.

Building on the momentum of the successful 2024 Jesus + Nothing Conference, the Jesus + Nothing Worship further solidified The LOGIC Church’s mission to cultivate a family centred on grace and faith, where the transformative Love of God in Christ is tangibly felt.

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Tinubu to Return to Nigeria Today After 19 Days Away

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By Adedapo Adesanya

President Bola Tinubu will return to Nigeria today from his work visit to France, the presidency has said.

The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed this in a post on his X handle on Monday.

President Tinubu left Nigeria on April 2, 2025, for Paris, France, on a short working visit. This means the President would have spent 19 days in the European nation if he arrives today.

According to the statement, President Tinubu used the retreat to review the progress of ongoing reforms and engage in strategic planning ahead of his administration’s second anniversary.

His latest trip had been faulted by major opposition leaders who criticised him for being away despite the rising insecurity in the country, especially in Benue and Plateau states, where scores of residents have been killed in attacks on several communities.

President Tinubu closest opponent at the 2023 presidential election and former Vice President, Mr Atiku Abubakar, asked him to end his trip to France and address the spate of insecurity in Nigeria.

Mr Atiku questioned Mr Tinubu’s continued stay in the European country despite the spate of killings across Nigeria.

“While Tinubu dines under chandeliers in the land of good governance, the country he governs is spiraling into chaos. Plateau has turned into a killing field — over 100 lives lost in relentless attacks,” his spokesman, Mr Paul Ibe, said in a statement on April 17.

Also, the presidential candidate of the Labour Party in the 2023 general elections, Mr Peter Obi, urged Mr Tinubu to suspend his France trip and urgently return to Nigeria to address the deteriorating security situation, particularly in Plateau and Benue states.

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NTYTP Advocates Youth-Driven Leadership, National Renewal

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By Modupe Gbadeyanka

A youth-focused leadership development advocacy group known as the Not Too Young To Perform (NTYTP) has called for a renewed focus on youth-driven leadership and national transformation in Nigeria.

In a statement to greet Christians around the world for Easter, the organisation emphasised the urgent necessity of bringing more young people into leadership positions, noting that resetting the nation’s trajectory requires fresh energy, innovative ideas, and a break from the mistakes of the past.

In the message signed by its National Secretary, Mr Muhammed Bello, NTYTP described the 2025 Easter celebration as a period for deep reflection on the life, sacrifice, and resurrection of Jesus Christ — a story that embodies patience, perseverance, sacrifice, and ultimate victory.

It said the crucifixion and resurrection of Christ stand as timeless examples of strength, determination, and divine restoration, offering crucial lessons for a nation like Nigeria, which is currently in need of significant economic, social, and institutional reforms.

“We use this yuletide period to appeal to all State actors to prioritize the progress of this country above politics, region, ethnicity, and religion.

“Our actions today will determine whether future generations inherit a country they can be proud of,” the group stated.

NTYTP also expressed hope that the spiritual significance of Easter would inspire Nigerians to work collectively towards building a nation where unity, justice, and prosperity reign.

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