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Electricity Consumers Paid Discos N210.17bn in Q4 2021–NERC

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By Adedapo Adesanya

The Nigerian Electricity Regulatory Commission (NERC) has revealed that electricity consumers paid N210.17 billion to Nigerian electricity distribution companies in the fourth quarter of last year.

It disclosed this in its Quarterly Report for Fourth Quarter 2021 released on Thursday, noting that the N210.17 billion represented 69.34 per cent of the total electricity bill given to consumers by electricity distribution companies during the period.

The regulator noted that the total revenue collected by all Discos in Q4 2021 was N210.17 billion out of N303.11 billion billed to customers – corresponding to a collection efficiency of 69.34 per cent, lower than 70.89 per cent in the third quarter of the year.

It noted, “Compared to 2021/Q3, the total billing by Discos increased by N30.12bn (+11.03 per cent) while the revenue collected increased by only N16.64bn (+8.60 per cent), hence the reduction in overall collection efficiency in 2021/Q4.”

On market remittance, NERC stated that the combined market remittance order adjusted invoices from the Nigerian Bulk Trading Company and Market Operator to Discos in the quarter was N210.72 billion for generation costs as well as transmission and administrative services.

Out of this amount, the Discos collectively remitted a total sum of N149.19 billion with an outstanding balance of N61.53 billion. This represents a remittance performance of 70.8 per cent during the quarter.

On remittance to NBET, it stated that out of the total invoice of N205.18 billion issued by the agency to Discos, it was expected to receive N160.13 billion but it got only N109.45 billion during the quarter.

“Overall, the total Disco remittance performance to NBET was 68.34 per cent of the expected market remittance for 2021/Q4 compared to 65.08 per cent (N100.16 billion remitted against an invoice of N153.90 billion) in 2021/Q3,” the NERC stated.

It added, “During 2021/Q4, Eko and Jos Discos surpassed their MRT to NBET by 32.64 per cent (+4.87 billion) and 0.86% (+0.03 billion), respectively.”

For the remittance to the Market Operator (MO), the commission stated that the total invoice from MO to Discos in 2021/Q4 for which a 100 per cent remittance was expected was N50.58 billion.

It said, “However, only N39.75bn was received from all the Discos, which means that the MO remittance performance for the quarter was 78.59 per cent.

“This represents a 2.58 percentage point increase compared to 76.01 per cent (N41.53bn remitted against an invoice of N54.64bn) recorded in 2021/Q3.”

On remittances by special/international customers, the report indicated that in 2021/Q4, the NBET and MO issued invoices of N380.62 million and N82.53 million, respectively to Ajaokuta Steel Company Limited but as was in the previous quarter, no remittance was made by this special customer.

“During the same period, MO issued an invoice of $13.11 million to bilateral customers (Paras-SBEE, TRANSCORP-SBEE, Mainstream-NIGELEC & Odukpani-CEET) but no remittance was made (payment of $6.22m was made in 2021/Q3 against invoice of $11.52m),” the regulator stated.

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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Ojulari Vows to Consolidate on Mele Kyari’s Legacy

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Bayo Ojulari Mele Kyari NNPC

By Modupe Gbadeyanka

The new chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Bayo Ojulari, has promised to consolidate on the legacy and achievements of his predecessor, Mr Mele Kyari.

He made this pledge while taking over from Mr Kyari on Friday at the organisation’s headquarters in Abuja, the country’s seat of power.

President Bola Tinubu on Tuesday dissolved the board of the NNPC and appointed new members to pilot affairs of the oil company.

In a statement today by the Chief Corporate Communications Officer of the NNPC, Mr Olufemi Soneye, it was disclosed that the new CEO praised Mr Kyari for his contributions to the growth of NNPC Ltd and his sterling service to the nation, noting that the objective of his management is to consolidate on the successes of his predecessor and take the company to the next level.

He said though the targets set for his management were quite enormous, he would be relying on the co-operation of the Management and staff of the company, as well as the counsel of his predecessor to achieve set targets.

“I will be counting on your support. I will need it. I will be coming around to seek your counsel,” Mr Ojulari told Mr Kyari.

Earlier in his remarks, the erstwhile NNPC chief congratulated his successor and thanked the management and staff of the company for their support while in office, vowing to do everything within his power to support the new team to succeed, stressing he is only a call away.

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Dangote Cement Ibese Plant Empowers Host Communities

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By Aduragbemi Omiyale

Some persons living around the Ibese Plant of Dangote Cement Plc have been equipped with some skills that could make them stand on their own and contribute to the economic development of Ogun State and Nigeria in general.

The beneficiaries participated in the 2024 Youth Skill Acquisition and Empowerment Programme designed to give back to society.

This initiative, executed under the Community Development Agreement (CDA) with host communities by Dangote Cement, according to the federal government, is worthy of emulation.

The Minister of Solid Mineral Development, Mr Dele Alake, while speaking through the South-West Zonal Coordinator for Mines Environment Compliance for the Ministry, Mr Mathew Ochimana, praised the cement maker for the diligent execution of the agreement for the benefit of the rural communities, thereby fostering atmosphere of peace all year round.

While presenting certificates and starter packs to the trainees, the Minister said the government had no cause to wade into any dispute between the company and host communities.

He urged Dangote Cement to continue to partner with the host communities with more empowerment programmes to develop the communities and equip the people.

Mr Alake enjoined the host communities to reciprocate the good gesture by maintaining peace and supporting the company to do more.

Speaking in the same vein, the Chairman of Host Communities Joint Consultative Committee, Mr Dayo Ogunyinka, thanked Dangote Cement for always rising up to the occasion noting that the company has never shied away from its social responsibilities by constantly developing programmes that could lift the people and add value to them.

“I can remember we have gathered here before to graduate thos who were trained in the art of electrical electronics, those who specialized in shoe making, those who chose acupuncture, and today its painting and Plaster of Paris (PoP).

“Worthy of mentioning is the fact Dangote Cement, Ibese Plant don’t just train, they also provide the starter pack to start for the graduands to start working straightaway, we cant ask for less. I am however saddened that some of our youths run away from this lofty training by not presenting themselves.

“We are very lucky in our communities to have Dangote Cement here, they not only cater for the youths, they do for the wome, the elderly, the farmers and others, we are indeed lucky. We can only pray that God will continue to be with the organization,” he stated.

Addressing the youths earlier, Dangote Cement Ibese Plant Director, Mr Roy Uttam, explained that the training initiative was a partnership between Dangote Cement Plc and the Industrial Training Fund (ITF), Abeokuta Area Office, and that it underscored the company’s commitment to socio-economic development in its host communities.

He reaffirmed the company’s dedication to corporate social responsibility, emphasizing its focus on Health, Education, Infrastructure, and Empowerment, noting that the Dangote Academy and various training programs have continued to create employment opportunities and enhance skill acquisition among Nigerian youths.

He commended the thirty (30) graduates from the 17 host communities who successfully completed training in Plaster of Paris (PoP), screeding, and painting, urging them to utilize their newfound skills to build sustainable careers. The trainees received start-up kits, including tools such as trowels, measuring tapes, and shovels, to aid them in establishing their businesses.

Also speaking at the event, the ITF Area Manager, Abeokuta, Mrs Abolanle Ajibade, thanked Dangote Cement for the initiative, adding that, “It is with a sense of accomplishment that I stand before you to bring this impactful 2024 skills acquisition and empowerment training program to a close.

“This training program, PoP, screeding, and painting, was not merely an opportunity to gain knowledge but also an avenue to forge connections, share experiences, and challenge ourselves to go beyond our comfort zones.

“To our facilitators, your dedication and expertise have been invaluable. You have gone above and beyond to provide us with tools, insights, and guidance needed to thrive, and to participants, congratulations on your commitment, resilience, and passion throughout this training.”

The Chairman of Yewa North Local Government, Mr Akinbode Olusola, advised the youth participants to see the training as a life time opportunity to make a difference in life noting that thousands of youth in the society would not have access to the opportunity they are getting on a platter of gold.

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Sanwo-Olu Swears in Ladi Oluwaloni as Ayobo Ipaja LCDA Chairman

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Sanwo-Olu Ladi Oluwaloni

By Dipo Olowookere

The acting chairman of Ayobo Ipaja Local Council Development Area (LCDA), Mr Oladipupo Oluwaloni, popularly known as Ladi, has been sworn-in as the substantive chairman of the council.

He was sworn in on Thursday by Governor Babajide Sanwo-Olu of Lagos State at a brief ceremony attended by several loyalists of the ruling All Progressives Congress (APC) in the state.

The grassroots politician was appointed as the acting chairman of Ayobo Ipaja LCDA last month by the Governor following the long absence of his boss, Mrs Bola Shobowale.

He served as the deputy chairman of the local council before his elevation following the death of Mrs Shobowale after a protracted illness on March 21, 2025.

At the swearing-in ceremony yesterday, Mr Sanwo-Olu charged Mr Oluwaloni to listen to collaborate closely with the community as he was there to serve them.”

“Together, through unity, we can achieve our vision for a greater Lagos,” the Governor tasked the new chairman, who could not hide his excitement.

In his response, the new council chairman promised to align fully with the T.H.E.M.E.S Plus Agenda of the present administration, promising to prioritize the socioeconomic development of the people and uphold democratic values in service delivery.

Mr Oluwaloni, when he was asked to occupy the position in an acting capacity two weeks ago, said, “This is a great responsibility, and I am fully committed to upholding the trust placed in me.

“My focus will be on ensuring that governance at the grassroots remains effective, responsive, and aligned with the developmental agenda of our great state.”

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