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FG Promises Payment of 50% of N4trn Gencos Debt

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GenCos

By Adedapo Adesanya

The federal government has made a pledge to electricity generating companies known as Gencos on the payment of 50 per cent of a N4 trillion debt to avert a promised halt in electricity generation in the country.

The Minister of Power, Mr Adebayo Adelabu, made this promise on Thursday, saying that while the government can’t pay the entire N4 trillion, it would clear N2 trillion before the end of the year.

Business Post reports that of the N4 trillion owed, N2 trillion is for electricity generated in 2024, while around N1.9 trillion represents legacy debts.

On Monday, GenCos threatened to shut down the country’s power generation over the debt owed by the federal government.

The GenCos lamented that the mounting liabilities were crippling their ability to operate and threatening a total shutdown of electricity generation in Nigeria.

Mr Adelabu said the government has put in place measures to defray the debt through budgetary allocation and promissory notes.

“Almost all of the debt is inherited, while about half came from 2024.

“There are plans under way to clear the debt; while I am not sure that the debt will be cleared 100 per cent, it will be paid gradually.

“The modes of payment are of two ways: we have some budgetary allocation that will facilitate cash payment, and we are also in discussion with Gencos to get them some promissory notes. I can tell you that before now to the end of the year, we are going to pay close to N2 trillion of the 4 trillion,” he said.

He also revealed that Nigeria has achieved a 35 per cent reduction in electricity subsidies following a tariff increase implemented last year for some users.

The government last year eliminated subsidies for the 15 per cent of customers classified as premium users of electricity, including households and businesses consuming larger amounts of electricity under Band A, meaning they paid higher than other classes from Band B to E.

Mr Adelabu said this targeted tariff adjustment has yielded significant results, with “the market generating an additional N700 billion  in revenue, reflecting a 70 per cent increase.”

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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Nigeria Launches Online Citizenship, Business Management Platform

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online citizenship platform nigeria

By Adedapo Adesanya

The Ministry of Interior has announced the launch of a new online citizenship and business management platform.

In a statement by the Ministry’s Permanent Secretary, Mrs Magdalene Ajani, on Friday in Abuja, it was disclosed that the new digital platform was designed to streamline the application and processing of citizenship and business-related services, ensuring faster turnaround time and improved user experience.

According to the statement, the platform is aimed at managing citizenship applications, processing business permits, and administering regulations related to businesses, and foreign workers.

The permanent secretary explained further that the initiative was part of the ministry’s ongoing reforms aimed at promoting transparency, enhancing operational efficiency thereby significantly improving service delivery to the public.

Members of the public, corporate entities, and other stakeholders are hereby expected to access the platform through the following official channels: Ministry of Interior’s website: https://interior.gov.ng and for direct portal access: https://candb.interior.gov.ng, [email protected] for support or inquiries.

“The ministry remains committed to establishing a more efficient, transparent, and secure framework for citizenship administration, while continuously enhancing service delivery through digital transformation,” the statement concluded.

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Indorama Restates Commitment Environmental Preservation, CSR

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Indorama Jossy Nkwocha

By Bon Peters

A leading petrochemicals and fertilizer production company in Rivers State, Indorama Eleme Petrochemicals Limited, has reaffirmed its determination to always prioritise environmental preservation, corporate social responsibility (CSR) and other policies geared towards profitability.

The Managing Director of Indorama Nigeria and Executive Director at Indorama Africa, Mr Manish Mundra, gave this reassurance at a media parley to introduce the new Head of Corporate Communications of the organisation, Mr Bibiye Justice.

Mr Justice is taking over from Mr Jossy Nkwocha, who retires from the company from the end of May 2025 after 18 years in charge of the image-making of the company.

Mr Mundra, represented by the Chief Technical Officer of Indorama Nigeria, Mr Deepu Sivadas, praised Mr Nkwocha for demonstrating a high level of professionalism in his partnership with journalists, saying the synergy has positioned Indorama in the right perspective in terms of reportage of the company’s operations.

In his remarks, Mr Nkwocha commended the management of Indorama for giving him the opportunity to serve in the company and thanked journalists for their support.

“I have enjoyed tremendous support of journalists in the state in the past 18 years, and for this reason, I haven’t experienced any media crises.

“I want to thank you all for your cooperation and to announce that I’m about stepping down, by the end of this month, I shall be retiring and Mr Justice Bibiye will be stepping in my shoes.

“Bibiye is one of us, a thorough bred corporate communications personality, having served at NTA and AIT. I, therefore, urge you to avail him the same level of support,” he said.

On his part, Mr Justice commended newsmen for supporting his predecessor and contributing to the growth of the company.

“Indorama is critical national asset contributing significantly to the economy. The company is continuously creating jobs and assisting the government tackle food shortage through high quality fertilizers production for export and local demands,” he said.

The chairman of the Nigeria Union of Journalists (NUJ) in Rivers State, Mr Paul Bazia, while speaking, lauded the organisation for its achievements and pledged to sustain the cooperation.

Indorama, an 8,000 metric tons daily capacity fertilizer production company, is the largest single-train urea facility in the Sub-Saharan Africa with a legacy of excellence in fertilizer production.

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89 Northerners in Viral Video Recruited to Work at Dangote Refinery—Police

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89 northerners dangote refinery

By Modupe Gbadeyanka

The Lagos State Command of the Nigeria Police Force (NPF) has called for calm over a viral video showing some young persons from Katsina State seen around Ibeju Lekki area of Lagos State.

In a statement on Friday, the spokesperson for the Lagos State Police Command, Mr Benjamin Hundeyin, a Chief Superintendent of Police (CSP), said residents of the metropolis have nothing to worry about because the persons seen in the visual were recruited to work at the Dangote Refinery.

According to him, the contractor responsible for their recruitment and the refinery’s Chief Security Officer (CSO) both confirmed the arrangement.

He stated that the labourers have been cleared to reside and work within the $20 billion oil facility after all necessary checks were conducted them.

“Upon receipt of the information on May 14, 2025, officers from the Command immediately deployed to the location to ascertain the facts.

“Preliminary investigations revealed that the young men in question, 89 in number, had arrived from Katsina State and were recruited to work as labourers at the Dangote Refinery in Lekki.

“The contractor working with the refinery appeared before the police and confirmed that he had personally sourced and brought the labourers from Katsina for legitimate employment purposes.

“The individuals were thoroughly searched, and no incriminating items were found in their possession.

“Furthermore, each person properly identified themselves and presented their National Identification Numbers (NINs), which were duly verified,” Mr Hundeyin stated, assuring that, “The command remains committed to maintaining law and order across Lagos State and will continue to respond promptly to all matters relating to public safety.”

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