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Nigeria’s Electricity Subsidy Payment Nears N200bn in December 2024

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By Adedapo Adesanya

The federal government’s payment of electricity subsidies neared N200 billion, as it increased to N199.64 billion in December 2024.

This is according to data sourced from the Nigerian Electricity Regulatory Commission (NERC) in its newly released report, December 2024 Multi-Year Tariff Order,

The regulator computed that electricity subsidies rose by 2.76 per cent to N199.64 billion this month from N194.26 billion in November.

NERC explained that the rise in the exchange rate, which it pegged at N1,687.45 to the Dollar, the increase in inflation to 33.9 per cent, and changes in available generation capacity necessitated the minor review.

The report showed that the federal government retained electricity tariffs across all customer categories bar those who were migrated to the expensive Band A, which are expected to receive a minimum of 18 hours of electricity daily.

While Band-A customers now pay a revised N209/kWh, tariffs for customers in Bands B to E were allowed to remain frozen at the rate payable from December 2022.

With the policy, the federal government is expected to pay N29.10 billion (up from N27.86 in November) as subsidies for consumers under Abuja DisCo, while consumers under Ikeja Electric would enjoy electricity subsidies of N26.68 billion from the government.

On wholesale gas-to-power prices, NERC stated: “The review maintains the benchmark gas-to-power price of $2.42/MMBTU based on the established benchmark price of gas-to-power by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA.”

The Commission maintained that the “approved tariffs shall remain in force subject to monthly adjustment of pass-through indices including inflation rate, NGN/Dollar exchange rate and gas-to-power prices.”

Business Post reported recently that the NMDPRA denied that it didn’t halt the distribution of gas to generating companies over a massive debt.

Meanwhile, the country has faced over 10 national grid failures this year alone throwing Nigerians into darkness with the most recent occuring earlier this month.

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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ICPC Secures Court Order to Extend El-Rufai’s Detention

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By Adedapo Adesanya

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured a court order to extend the detention of former Governor of Kaduna State, Mr Nasir El-Rufai.

This order gives the anti-graft agency ample time to finalise its investigation into allegations against the former governor, which has now deepened as a result of some new findings.

Subsequently, the new order, which was granted on Tuesday in the presence of Mr El-Rufai’s lawyer, will expire on Thursday, March 19.

However, Mr El-Rufai’s lawyer, whose application to quash the first remand order was declined by a Chief Magistrate Court in Bwari, has returned to the same court to nullify the latest order.

Justice Okechukwu John Akweke has fixed March 17 to decide whether or not he should set aside the latest detention order.

He said, “Upon hearing and listening to the prosecuting counsel, Dr Osuobeni Ekoi Akponimisingha Esq., praying this Honourable court for the following orders:

“An order of this Honourable Court issuing a remand warrant against the Respondent (NASIR AHMAD EL-RUFAI) in favour of the Applicant, i.e. Independent Corrupt Practices and other Related Offences Commission (ICPC), to detain the Respondent (NASIR AHMAD EL-RUFAI) in its custody for another fourteen (14) days pending conclusion of investigation activities on allegations of Money Laundering/abuse of office.

“And for such other or further order(s) as this Honourable court may deem fit to make in the circumstances. It is hereby ordered that: Application granted as prayed.

“That the Applicant, i.e. the Independent Corrupt Practices and other Related Offences Commission ICPC is hereby ordered to re-detain the Respondent (NASIR AHMAD EL-RUFAI) for an additional 14 days to enable the commission to conclude investigation activities.

“That the return date shall be the 19th day of March 2026, for the report of compliance.”

The scrutiny of Mr El-Rufai by the ICPC follows the report of the Kaduna State House of Assembly’s ad hoc committee constituted in 2024 to investigate finances, loans and contracts awarded between 2015 and 2023 under his eight-year administration of the state.

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Nigeria Begins Evacuation of Willing Nigerians from Iran

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By Adedapo Adesanya

The federal government has begun evacuating willing Nigerians in Iran, escorting them across the Armenian border to ensure their safety amid escalating tensions in the Middle East.

The evacuation follows the growing crisis that began on February 28 after coordinated military strikes on Iran by the United States and Israel.

The attacks triggered retaliatory missile and drone strikes across parts of the region, raising fears of a wider conflict.

The chief executive of the Nigerians in Diaspora Commission (NiDCOM), Mrs Abike Dabiri-Erewa, disclosed this in a post on her X handle on Tuesday.

She said officials of the Nigerian Embassy in Tehran are coordinating the evacuation of Nigerians who wish to leave the country and are facilitating their safe passage into Armenia.

Mrs Dabiri-Erewa also reassured that no Nigerian in Iran has so far been affected by the ongoing tensions, noting that embassy officials remain stationed at the border to receive and assist evacuees.

Her post read, “Willing Nigerians [are] being escorted across the Armenian border by officials of the Nigerian embassy in Iran for safe passage. No Nigerian in Iran has been affected by the war as officials remain at the border to receive all who want to leave.”

The development comes as tensions in parts of the Middle East continue to raise concerns over the safety of foreign nationals residing in affected areas.

For repatriation flights, the NiDCOM chair said the airspace is currently unsafe but assured Nigerians in the Middle East that the Federal Government team is on standby to evacuate them.

“And as for repatriation flights, the skies are currently unsafe to fly. Luckily, a flight came in from the UAE to Lagos two days ago, just before another strike and the closure of the airspace.

“Once the airspace opens, the multi-agency FG team on crisis and evacuation is on standby. Our prayers are with you and all our people in affected countries,” she said.

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Grid-Connected Private Transmission Substations Must Register—NERC

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By Modupe Gbadeyanka

All private transmission connected to the national grid must register and get authorisation to operate, the Nigerian Electricity Regulatory Commission (NERC) has declared.

In a statement, the electricity regulatory body in Nigeria directed owners of private transmission substations used by bulk electricity consumers to obtain an Independent Electricity Transmission Network Operator (IETNO) Permit before operating or connecting to the grid.

It was disclosed that this latest development, which became effective March 9, 2026, is to strengthen oversight of privately owned substations connected to Nigeria’s national grid.

NERC further said the directive was introduced to improve grid reliability, safety, and operational visibility following frequent transmission line trips reported by the Nigerian Independent System Operator (NISO).

Under the order, NISO must submit to NERC a comprehensive list of all existing Private Transmission Substation Owners (PTSOs) and notify them of the provisions of the order within five days.

Existing PTSOs must apply to NERC for an IETNO permit within 45 days, while new PTSOs must obtain the permit before connecting to the grid, as non-compliance attracts regulatory sanctions.

NISO will deploy IoT-based metering systems at substation interconnection points within 120 days.

Further, operators must submit monthly operational reports, while NISO will conduct inspections to ensure compliance.

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