General
Electricity Consumers Paid Discos N210.17bn in Q4 2021–NERC
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.
General
PenCom Proposes Full Salary Pension for Retired Police Officers
By Adedapo Adesanya
The National Pension Commission (PenCom) has proposed a sweeping reform of retirement benefits for officers of the Nigeria Police Force under the Contributory Pension Scheme (CPS), including lifetime monthly pensions equivalent to 100 per cent of their final salary and a gratuity of 200 per cent of their annual emoluments upon retirement.
According to the Leadership newspaper, the measure is part of federal government efforts to address persistent agitation from retired police personnel who say CPS payouts are inadequate.
The reform will see retired police officers receive a monthly pension equivalent to 100 per cent of their final salary for life and gratuity payments amounting to 200 per cent of annual emoluments, benefits that many officers have been clamouring for years.
According to the newspaper, retirees under the scheme have raised concerns over poor pension payouts, with some saying they receive as little as N30,000 to N80,000 monthly, while also lamenting the inadequacy of their lump-sum retirement benefits.
Some other recommendations include increasing active officers’ monthly pension contribution for serving police officers from the current 10 to 20 per cent, while employee contributions will remain at 8 per cent.
The new arrangement, which includes a monthly pension equivalent to an officer’s last salary and increased gratuity benefits, is expected to strengthen financial security for retired personnel and boost the morale of officers still in active service.
The measure is expected to significantly improve Retirement Savings Account (RSA) balances, enhance pension payouts, and strengthen the long-term sustainability of the pension structure.
If approved by President Bola Tinubu, the augmentation plan for police personnel will reflect the government’s recognition of the police’s critical role in maintaining national security and public order, as well as the need to ensure officers’ dignity and stability after retirement.
Police pensioners who have been protesting against the CPS insisted that the scheme, which requires both employers and employees to contribute monthly into Retirement Savings Accounts (RSAs) managed by Pension Fund Administrators (PFAs), has worsened their welfare.
General
Yemisi Shyllon Museum of Art Plans Training for Media Practitioners
By Aduragbemi Omiyale
The Yemisi Shyllon Museum of Art is organising a two-day training for media practitioners in the art and culture segment.
The programme is scheduled for June 10 and 11, 2026, at the museum, located at the Pan-Atlantic University, Lagos.
The theme of the event is New Narratives & Singular Communication in Arts Journalism: The Museo del Prado Experience.
The training is being put together to enable participants to refine their storytelling and reporting skills in arts journalism; learn audience-focused, ethical, and impactful communication techniques; gain fresh perspectives on media engagement in the creative sector; and connect with peers and build valuable professional networks.
To be part of this initiative, journalists are required to apply through this link on or before May 25, 2026, as spaces are limited, and only shortlisted applicants will be contacted.
The organisers said this specialised workshop offers a rare opportunity to learn directly from one of the world’s leading museum communication teams. The programme will be led by a highly respected and accomplished expert from the Prado Museum, bringing global insights and practical strategies to the Nigerian arts journalism landscape.
“At YSMA, we are excited to bring this opportunity to the Nigerian media community and to support the growth of thoughtful, innovative, and globally relevant arts journalism.
We encourage you to also share this opportunity with colleagues and peers who are passionate about covering arts and culture,” a notice from the organisation signed by its Head of Corporate Communications and Visitors’ Services, Mr Solomon Nkwagu, stated.
General
Tinubu Confirms Killing of Abu-Bilal Al-Manuki by Nigerian, US Forces
By Modupe Gbadeyanka
President Bola Tinubu on Saturday confirmed the killing of a senior ISIS leader, Mr Abu-Bilal Al-Manuki, in an overnight operation carried out by the United States and Nigeria.
President Donald Trump had earlier announced the elimination of the notorious terrorist via a post on his Truth Social.
Later, in a statement today, Mr Tinubu praised the action, describing it as “a significant example of effective collaboration in the fight against terrorism.”
“Our determined Nigerian Armed Forces, working closely with the Armed Forces of the United States, conducted a daring joint operation that dealt a heavy blow to the ranks of the Islamic State,” he said in the statement.
According to him, early assessments confirm the elimination of the wanted IS senior leader, Abu-Bilal Al-Manuki, also known as Abu-Mainok, along with several of his lieutenants, during a strike on his compound in the Lake Chad Basin.
He commended the partnership between Nigeria and America in waging war against terrorists, thanking his US counterpart “for his leadership and unwavering support in this effort.”
“I commend the personnel involved on both sides for their professionalism and courage, and I look forward to more decisive strikes against all terrorist enclaves across the nation,” the Nigerian leader added.
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