General
Nigerian Youth and Urgency of a New Paradigm
By Jerome-Mario Chijioke Utomi
Even when there is no codified word or structured documentation adequate enough to evaluate a public office holder, there exists presently, a compelling need to evaluate the present administration in the country, via a broader view of the people’s paramount concerns and legitimate expectations in order to unravel its values of fiscal discipline, prudent management, robust and continuous community engagement, effective and efficient public communication, and excellent public service delivery for the benefit of this generation and the next.
This logical, rational and practical belief is predicated on the current unpalatable happenings and failures recorded in recent times and traceable to the current administration.
Out of many such instances, one that cries for attention is; how well has the present administration at both state and federal levels treated its critical mass-the youths?
Aside from enjoying demographic advantage and being in possession of a commanding majority, providing an answer to this question/evaluation is important because Nigerian youth will provide the future leadership needs of the country.
Take, as an illustration, in 2015, President Muhammadu Buhari promised during his electioneering to work with the youths. But contrary to that promise, eight years after such a promise was made, the Nigerian youth are still relegated to the political background.
Again, even when they are celebrated daily on the world stage for their superlative showings and performance, right here in Nigeria, they are judged to be ‘lazy’ by the same administration that promised to work with them.
The first of such shock came to the youths shortly after the 2019 general election and Mr President submitted to the National Assembly for screening the list of 43 ministerial nominees. Separate from the disproportionately skewed list screaming with evidence that youth’s political highway remains slippery, rough and riddled with potholes and hopelessness, the list eloquently laid bare an ingrained falsehood of the administration.
In the same style, not only did the ministerial list make nonsense of the seemingly gains of the not-too-young-to-run campaign embarked on by the youths in July 2017, which brought about the amendment of some sections of the nation’s constitution to accommodate youths desirous of seeking political or elective positions, what is now left at this stage, of course, is the question of the extent to which youths should draw political lessons from the episode or whether to continue exerting power on inglorious political functions they are reputed for without result.
Also in 2018, Mr President while attending an international function, stated among other things that; “a lot of them (Nigerian youths) haven’t been to school and they are claiming, that Nigeria has been an oil-producing country, therefore, they should sit and do nothing and get housing, health care, and education”, a remark that Nigerian youths and the vast majority of other Nigerians received with disbelief, grief, and rage.
Certainly, in my view, if there is a sterling lesson the youths must draw from the asymmetrical structure of appointments by the present government at the centre, it is the new awareness that thuggery and other illicit political functions at the polls cannot guarantee a political position for the youths. Rather, what guarantees political appointment and position is the possession of a keen sense of independence, self-respect and oneness and insistence on choosing the right people as leaders during the election.
To explain, throughout the period of the 2019 general election, the Nigerian youths hobnobbed and romanced these politicians without knowing that our political leaders are experts in adopting the tactics of the coquette.
‘A tactic that makes the public fall in love with excitement while these leaders remain inwardly detached; while keeping them in control. What the youths must learn from this exclusion is that to gain relevance politically, they must develop the will to work out their political salvation by recognizing ‘that there is little hope until they become tough-minded enough to break loose from the shackles of prejudice, half-truth, and downright ignorance.
Regardless of whether the appointments in the past seven years were made by Mr President to achieve a particular purpose—such as tackling the nation’s troubled economy, insecurity, unemployment or improvement of power generation, the truth is that looking at the lopsided architecture of those that Mr President appointed in 2019- predominantly made up of familiar names that did not spectacularly perform during Mr President’s first term, coupled with their present below average performance, the youth should know that as the nation races to 2023 general election, the hour has come for a shift in paradigm.
The above is not to suggest that this non-appointment of the youths to political positions in the country is limited to the present administration or just happening for the first time; as no administration in Nigeria can boast of clean hands. The challenge may exist in overt and glaring forms among the Buhari administration but may have existed in a hidden and subtle manner in others.
In my view, these are happening because Nigerian youths apart from playing visionless politics, they are in the words of Professor Wole Soyinka full of spunk abroad, but gas at home. Coupled with the reality that our nation is unfortunately blessed with a huge number of ‘coercive’ and selfish leaders as against truly ‘democratic, pacesetting and coaching leaders.
As an illustration, like a prophet that was supernaturally informed of it and supernaturally moved to announce it, I recall writing a piece dated August 2017 titled; Nigerian youths; celebrated abroad and despised at home, pointed out that the Nigerian government right from independence has evidently proved not to be interested in, or paid adequate attention to supporting youths involvement in politics or holding of public offices, but are merely concerned with clarifying the problem of youths apathy in politics without a solution. I also in that piece submitted that the only twist to that narrative is that youths have visible but ignorantly endorsed these underground plots through their actions and inactions.
Conversely, political pundits have argued that the youths should not be blamed for their inability to occupy political or leadership positions in the country, be it elective or appointment, but blamed on the nation’s inglorious departure from politics of ideas to money politics or what is currently referred to as the politics of the highest bidder which the youths have no financial muscles to partake in and therefore settled for the easiest option at their disposal which is praise singing.
Despite the virtues and attributes of the above positions, I still hold an opinion that the bulk of the blame rests at the doorstep of the youths as the list of political actions not taken was lengthy and worrisome.
As an incentive, if the youths had during the build-up to the 2019 general elections, identified the areas which really hold the key to political success, and apply the right mix of resources, make collaborative efforts and discipline, they should have been able to put themselves in a position of real competitive superiority using their demographic advantage.
To, therefore, catalyse the process of reversing this appalling trend, and form a force that must not be ignored, Nigerian youths must first understand the threat fear poses for a reason. They need to remember that under ‘right circumstances; fear can trigger the temptation to surrender to a demagogue promising strength and security in return.’ The 2018 general elections and the current political situation in the country stand as vivid examples.
Finally, Nigerian youths must not continue to agonize over such developments but wake up and do something civil and positive. On their part, our leaders should not live under the illusion of misguided cleverness but should ‘study history, study the actions of the eminent men, to see how they conducted themselves and to discover the reasons for their victories or their defeats so that they can avoid the latter and imitate the former.’
Utomi Jerome-Mario is the Programme Coordinator (Media and Policy), Social and Economic Justice Advocacy (SEJA), Lagos. He could be reached via je*********@***oo.com/08032725374
General
DisCos Collect N196bn in March, Miss N50bn of Billed Revenue
By Adedapo Adesanya
Nigeria’s electricity distribution companies (DisCos) generated N196.13 billion in revenue in March 2026, despite billing customers a total of N246.43 billion during the month, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission (NERC).
The figure represents a slight decline from the N196.68 billion collected in February, highlighting persistent challenges in revenue recovery across the power distribution segment, even as energy supplied to the grid continued to improve.
NERC’s March 2026 fact sheet showed that electricity billing rose by 1.71 per cent from N242.29 billion recorded in February, reflecting increased energy deliveries and customer charges. However, collection efficiency declined to 79.59 per cent from 81.17 per cent in the previous month, indicating that a significant portion of billed revenue remained uncollected.
The regulator disclosed that DisCos received 293.76 million kilowatt-hours of electricity during the review period, representing a 6.02 per cent increase compared to February. The development suggests a modest improvement in power availability across the distribution network.
Despite the increase in energy supplied, revenue recovery remains uneven across the industry. NERC reported that the average approved tariff for March stood at N124.30 per kilowatt-hour, while actual collections averaged ₦100.75 per kilowatt-hour, resulting in an overall revenue recovery efficiency of 81.05 per cent.
Among the eleven DisCos, Ikeja Electric emerged as the strongest performer, posting a revenue recovery efficiency of 99.30 per cent. Eko Electricity Distribution Company followed with 95.73 per cent, while Benin DisCo recorded 85.18 per cent.
At the lower end of the performance table, Kaduna Electric recorded the weakest recovery rate at 35.65 per cent. Jos DisCo and Yola DisCo also struggled, achieving recovery efficiencies of 53.53 per cent and 58.58 per cent, respectively.
Ikeja Electric also led in collection efficiency with 96.38 per cent, ahead of Benin DisCo at 90.97 per cent and Eko DisCo at 87.68 per cent. Kaduna, Jos and Yola remained the poorest performers in this category, underlining the persistent commercial and operational challenges facing power distributors in parts of northern Nigeria.
In terms of billing efficiency, Eko DisCo ranked first with 92.30 per cent, followed by Port Harcourt DisCo at 90.36 per cent and Ikeja Electric at 87.76 per cent. Yola DisCo recorded the lowest billing efficiency at 58.68 per cent.
The latest figures underscore the mixed realities within Nigeria’s power sector. While electricity supply and customer billing continue to improve, revenue collection remains a major obstacle to the financial sustainability of the industry.
Analysts note that stronger metering penetration, improved customer confidence, reduction in energy theft and more efficient collection systems will be critical if DisCos are to close the widening gap between electricity supplied, billed revenue and actual collections.
The March performance report comes as regulators and industry stakeholders intensify efforts to strengthen the commercial viability of the electricity market, attract fresh investment and improve service delivery across the country.
General
Interswitch Adopts Temenos Platform to Deliver Banking Services to African Lenders
By Adedapo Adesanya
Interswitch has entered into a partnership with Geneva-headquartered banking software provider Temenos to offer managed banking services to financial institutions across the continent, deepening its push into banking technology.
The partnership will see Interswitch adopt Temenos’ banking technology across core banking, digital banking, payments, wealth management, and financial crime management.
This will enable the firm to provide cloud-hosted and on-premises managed services to lenders on the continent. The service will initially target Nigeria, Ghana, Côte d’Ivoire, Kenya, and other African markets.
“This is a pivotal moment for Interswitch as we accelerate our expansion beyond payments and reimagine digital banking for Africa,” Mr Jonah Adams, managing director for Digital Infrastructure and Managed Services at Interswitch, said in a statement.
By combining Temenos’ software with its existing footprint across the continent, Interswitch is positioning itself as a technology partner that can help banks upgrade critical systems without having to manage the complexity of large-scale technology deployments.
“By adopting Temenos’ cloud-native, composable platform, Interswitch gains the flexibility and scalability to accelerate its next phase of growth and deliver banking services that meet the needs of African markets,” Mr Adams added.
For Temenos, the deal strengthens its presence in Africa through a partner with deep relationships across the banking sector. It lost one of its banking customers, Sterling Bank, in 2024 after the tier-2 Nigerian bank switched to SEABaaS, a new custom-built core banking application.
“Interswitch is an important new customer and partner for Temenos in Africa,” said Mr William Moroney, Chief Revenue Officer at Temenos. “Interswitch’s strong presence across the continent also extends our reach and further strengthens our ecosystem and partner network.”
Founded in 2002, Interswitch built its reputation as one of Africa’s largest payments companies through products such as Quickteller and Verve, its domestic card scheme.
General
TGI Group, Wilmar to Form $12bn West Africa Food Giant in Major Merger
By Adedapo Adesanya
Tropical General Investments (TGI) Group and Singapore-based Wilmar International have agreed to combine their Nigeria and Republic of Benin operations into a 50:50 joint venture aimed at building a dominant integrated food and agribusiness platform across West Africa, targeting a market estimated at $12 billion.
The proposed merger will consolidate operations across several value chains, including agriculture, oil palm plantations, edible oils, edible nuts, rice, food manufacturing, and distribution, creating one of the region’s largest end-to-end food production and supply chains.
Under the arrangement, both firms will integrate their complementary strengths, with Wilmar contributing global expertise in palm oil, speciality fats, and large-scale agribusiness operations, while TGI brings established local manufacturing capacity, consumer brands, and an extensive distribution network across Nigeria and neighbouring markets.
Chairman and Chief Executive Officer of Wilmar International, Mr Kuok Hong, said the partnership would enhance both firms’ ability to serve Africa’s expanding consumer base, describing Nigeria and Benin as strategic growth markets.
“For more than four decades, TGI Group has built a leading position in Nigerian food manufacturing and distribution. This partnership will leverage Wilmar’s global scale and expertise as well as TGI’s local knowledge to deliver innovative food solutions across Africa,” added TGI Group founder and chairman, Mr Cornelis Vink.
On his part, Vice Chairman of TGI Group, Mr Farouk Gumel, said the deal reflects confidence in Nigeria’s long-term economic prospects, adding that it would deepen domestic value addition, strengthen food security, support smallholder farmers, and create jobs.
Adding his input, Wilmar’s Africa Head, Mr Santosh Pillai, described the transaction as a strategic fit, noting that the combined entity would have the scale, local insight, and operational depth needed to better serve consumers in the region.
The companies said the transaction is expected to be completed in the 2026 financial year, subject to regulatory approvals and other customary conditions.
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