General
NDPHC, BEDC to Deliver Extra 250MW to Edo, Others
By Adedapo Adesanya
The partnership between The Niger Delta Power Holding Company (NDPHC) and the Benin Electricity Distribution Company (BEDC) will deliver additional 250 Megawatts (MW) to serve customer within the franchise area.
This was disclosed by the Managing Director of NDPHC, Mr Chiedu Igbo, at the signing ceremony in Lagos recently, revealing that the agreement has taken off with immediate effect.
Some of the initial project areas are Benin Bypass (industrial cluster near NDPHC’s power plant at Ihovbor, Benin-City, Edo State; Asaba, Delta State, Ondo South Senatorial District, Ondo State and interventions in Ekiti State.
He recalled that the two companies had in 2020, commenced exploring options to collaborate to deliver safe and reliable power to customers of the BEDC’s franchise area.
According to him, “Today, we are glad that we gather here for the purpose of signing a framework agreement for this collaboration.”
“For NDPHC, the project will enable us to deliver more than 250 megawatts of power to customers of BEDC’s franchise areas in Edo, Delta, Ondo, and neighbouring states.
“For BEDC, the project will help BEDC to satisfy its customers with reliable power and achieve an enhancement of its network and infrastructure,” Mr Igbo said.
He added that for BEDC’s customers, their homes and industries can now enjoy 24 hours power supply, noting tha for BEDC’s investors and NDPHC shareholders – trustees of Nigerian people- this project will deliver significant value.
He noted that the NDPHC has been concerned about the “insufficient dispatch of its power generation capacity, as well as liquidity challenges which means that only a small proportion of the power dispatched gets paid for. Meanwhile, many consumers remain unserved or underserved”.
In addition, the NDPHC boss explained that the journey to the agreement started with the initiation of the National Integrated Power Project (NIPP) by the federal government of Nigeria in 2004 as a government-funded initiative to stabilize the country’s power sector.
He said as a result of this, the government incorporated NDPHC as a limited liability company to serve as a legal vehicle to hold the NIPP for its states and local governments.
Since then, said Mr Ugbo, Nigeria Electricity Supply Industry has evolved significantly from the construction of NDPHC’s 10 power plants with a combined capacity of over 5,000MW, of which more than 4,000MW has been completed, to the privatization transactions from which BEDC emerged as one of the 11 distribution companies in Nigeria.
The evolution, according to him, has presented the industry players, including NDPHC and BEDC, with unique challenges.
He said for the distribution firms, the significant capital investments required to upgrade their respective networks has been difficult to raise due to industry challenges.
Meanwhile, the Chief Executive Officer of BEDC, Mrs Funke Osibodu, said her company aims at delivering incremental power from the NDPHC underutilised or stranded capacity to several industrial and commercial hubs through multiple solutions across the certain locations in Delta, Edo, Ondo and Ekiti for the electricity value chain.
She said under the agreement, BEDC and NDPHC will provide end-to-end power solutions across the value chain to deliver a minimum of 250 MW of additional power.
Mrs Osibodu said the collaboration will see the BEDC partner with NDPHC and others to identify and prioritize critical projects to increase power supply whilst improving on the technical and commercial environment.
She noted that the “focus will be the power supply to certain areas as well as upgrading of all critical distribution infrastructure”.
BEDC is the 4th largest Disco in distribution capacity and 3rd largest in the number of households among the Distribution Companies (Discos). It is responsible for the retail distribution of electricity in the four franchise states of Delta, Edo, Ekiti, and Ondo States.
General
Tinubu in UAE for 2025 Abu Dhabi Sustainability Week
By Modupe Gbadeyanka
President Bola Tinubu on Saturday, January 11, 2025, left the shores of Nigeria for the United Arab Emirates to take part in the 2025 Abu Dhabi Sustainability Week (ADSW 2025).
He was accompanied by the Minister of Foreign Affairs, Mr Yusuf Tuggar, and other senior government officials.
A statement issued by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that Mr Tinubu was invited for the event by his UAE counterpart, Mr Mohamed bin Zayed Al Nahyan.
He will attend the programme starting from today, Sunday, January 12 to Saturday, January 18, 2025.
However, President Tinubu is expected to return to Nigeria before the end of the summit on Thursday, January 16, 2025.
The event, themed The Nexus of Next; Supercharging Sustainable Progress, is expected to bring together global leaders to accelerate sustainable development and advance socioeconomic progress.
In addition, it will enable policymakers, business, and civil society leaders to explore pathways to fast-track the transformation to a sustainable economy and evolve a new era of prosperity for all.
ADSW, a testament to the power of collaboration, has been held annually for over 15 years. It provides a global platform to foster multi-stakeholder cooperation in addressing global challenges and accelerating growth.
It has birthed high-value agreements and strategic partnerships between governments, industry leaders, and clean energy pioneers worldwide, driving impactful alliances and advancing the sustainability agenda worldwide.
At the event, President Tinubu will stress his administration’s reforms, including those related to energy sufficiency, transportation, public health, and economic development.
The Nigerian leader and his entourage will also meet with the emirate’s leadership to discuss issues of interest affecting the two nations.
General
Lagos Speaker Mudashiru Obasa Faces Renewed Scrutiny Over Financial Mismanagement
By Dipo Olowookere
The Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, remains at the centre of a storm of corruption allegations that have plagued his tenure.
Critics, anti-corruption groups, and opposition leaders have accused him of financial mismanagement, extravagant spending, and abuse of office, yet no substantive action has been taken against him.
Recent reports by People’s Gazette revealed that the 40-member Lagos State House of Assembly, under Mr Obasa’s leadership, spent over N43 billion on “back-up vehicles for honourable members” between January 2023 and the third quarter of 2024.
This expenditure, part of a larger N90.5 billion disbursed for questionable projects, has raised concerns among Lagos residents about the state’s priorities amid widespread economic hardship.
Budget documents showed the Assembly spent about N30.1 billion on vehicles in 2023 and about N13.3 billion in the first three quarters of 2024. Critics argued that these sums, which equate to roughly N1.1 billion per lawmaker, were frivolous.
Mr Obasa has faced allegations of corruptions since early in his tenure, including reports of owning over 60 bank accounts used to misappropriate public funds. In 2019, People’s Gazette reported that the lawmaker conducted suspicious foreign exchange transactions totaling $2.4 million (N1.1 billion). These funds were allegedly funneled through personal accounts and mutual fund investments.
In October 2020, the Economic and Financial Crimes Commission (EFCC) invited the Speaker for questioning over allegations of fraud. Despite evidence of financial impropriety, including allegations of inflated contracts and misappropriated Assembly funds, the EFCC has yet to take decisive action. Protests led by civil society groups like the Civil Society Network Against Corruption (CISNAC) demanding accountability have yielded little progress.
Mr Obasa has consistently denied these allegations. Speaking at a recent plenary, he dismissed claims of spending N17 billion on constructing a gate as “spurious and funny.”
He also refuted allegations of spending N200 million on a nonexistent thanksgiving service, attributing the accusations to political fear-mongering ahead of the 2027 elections.
However, critics have dismissed these defenses as self-serving. A 2020 House panel, composed of Mr Obasa’s allies, cleared him of wrongdoing—a decision labeled a “kangaroo judgment” by anti-corruption advocates.
Prominent anti-corruption campaigner, Mr Olanrewaju Suraju, has urged the EFCC to act on the mounting evidence against Mr Obasa, warning that his actions undermine legislative independence and public trust.
“These revelations justify the urgent need for mechanisms to enforce probity and accountability in public office,” Mr Suraju said.
Despite the scandals, Mr Obasa appears unperturbed and untouchable, with analysts attributing his survival to political connections and an entrenched culture of impunity.
As Lagos State prepares for the 2027 elections, the Speaker’s continued tenure symbolizes a broader challenge of corruption and governance in Nigeria’s political landscape.
Observers now await further developments as pressure mounts on anti-graft agencies to act decisively.
For Lagos residents, however, the scandals highlight a troubling disconnect between political leadership and the needs of the people.
General
Nigeria Suffers First National Grid Collapse of 2025
By Modupe Gbadeyanka
Residents of Nigeria experienced a power outage on Saturday, January 11, 2025, after the national grid collapsed.
It was the first that occurred this year and it happened at about 3 pm today, according to information gathered by Business Post.
Last year, the nation recorded about 12 grid collapse that almost embarrassed the government, which later set up a team to look into the causes of the frequent collapse of the grid.
It was later that today’s incident occurred after power generation went down from 2,111.01 megawatts at 2:00 pm to about 390.20 megawatts by 4:55 pm.
This development caused a cut in power supply in most parts of the country, but the situation has been brought under control, with electricity restored in most affected areas.
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