General
Reps at 2: Read Full Speech of Yakubu Dogara

ADDRESS BY HON. SPEAKER, HOUSE OF REPRESENTATIVES OF THE FEDERAL REPUBLIC OF NIGERIA, RT. HON. YAKUBU DOGARA, ON THE OCCASION OF THE SECOND YEAR ANNIVERSARY OF THE 8TH HOUSE OF REPRESENTATIVES ON 9TH JUNE, 2017.
Protocols:
Permit me to welcome all of us to this very important event marking the 2nd year anniversary of the 8th House of Representatives. It is indeed a rare privilege to preside over this House on such a momentous occasion attended by many of our predecessors who made this institution what it is: a House of the Nigerian people.
- We have chosen to mark this day, not because we are in the mood for celebrations. No. We are marking this day even when the nation is struggling to exit from the excruciating economic recession and anguish being faced by our people.
- Our intention therefore is to simply appraise ourselves, to find out at mid-term, how far we have kept faith with our constituents and Nigerians in the contract or social charter we entered into at the inception of the 8th House of Representatives via our LEGISLATIVE AGENDA. We wish to be availed an honest assessment of the achievements and failures we have recorded so far, as a deliberate effort that may lead to deepening our democracy and its tools with which to approach with the needed confidence, the next two years left of our mandate.
- It is important to ask ourselves some hard questions. Have we always placed the interest of our Constituents and Nigerians first in all our endeavours? Have we always placed national interest above self, regional and other interests? Are we patriotic or partisan? Have we used our legislative authority to expose corruption, inefficiency and waste in government activities? Have we made laws for the peace, order, and good government of Nigeria? Have we shown fidelity to the Fundamental Objectives and Directive Principles of State Policy enshrined in Chapter two of the Constitution?
- The answer to above posers is the criteria and yardstick to assess who we are. Are we leaders or mere politicians? The difference is that while politicians are just interested in the next election, leaders are cultural architects because they create the environment by which others can grow and flourish.
- On my part, I will answer the above posers with qualifications. Yes, we have done reasonably well in most of the indices indicated. But there is a very large room to do even more. I answer these questions, fully conscious of the fact that self-appraisal is inherently problematic and is prone to bias. The appraisal of the general public and our peers will be more objective. Let me therefore save myself from the dishonour of marking our own script and submit to the judgement of those given the task of appraising our performance today.
- However, I must hasten to add that for our appraisal not to miss the mark, it must take into account our promise to bring change to and render nugatory the old narratives about our Parliament. We must never discount the fact that it is not what you change from but what you change to that brings true transformation. Change is about what you embrace not what you abandon. Objective assessment is often difficult in an environment such as ours where we want those in government to live the way we want but we want to be free to live anyhow.
- Hon colleagues and distinguished guests, before I hand over this issue to others, I would crave your indulgence to make few comments and observations on our scorecard. In terms of the core mandate of law-making, we have remained a bastion of legislative activism. Indeed members of the 8th House of Representatives are in keen competition with one another in fashioning out legislative solutions to myriad of problems facing the nation. That is why in all facets of law-making, we can comfortably and conveniently assert that we have broken all records.
- Statistics bear this out. The total number of Bills introduced so far are 1064 out of which Executive Bills are 50, Senate Bills transmitted to the House – 21 and Private Members Bills – 993. A total of 126 Bills have been passed by the House and the others are at various stages in the legislative mill. 27 Bills have received Presidential assent and a lot more are in the pipeline. Each of the achievements highlighted above is unsurpassed by any previous Assembly. The sheer volume of these Bills attests to the vibrancy of the House in its attempt to legislate on key areas of our national life at a very trying time in our history.
- Public Petitions received in the last two years are over 500 in number and the Committee on Public Petitions conducts Public Hearings on these petitions almost every week to ensure citizen access to the legislature.
- Whereas it is immediately difficult to measure the impact of these Bills, a thorough examination of them shows the interest of the House in getting the economy out of the current recession that has affected both large and small businesses as well as families across Nigeria.
- On issue of Budget, we kept our promise to Nigerians at the beginning of the legislative session to ensure transparent deliberation and passage of the 2017 Appropriations Bill which will be signed into law early next week. We have also carried out significant Budget Reforms. For the first time in the history of Nigeria, a Public Hearing was conducted in the National Assembly to get the input of Nigerians in the budgetary process. Further reforms introduced include the details of the Appropriation Act being available to all members before passage in plenary; the requirement that members of each Committee should sign the Report of their Committees before being sent to the Committee on Appropriations. All these novel measures are unprecedented in the history of our Parliament. These proactive measures ensured that the House’s debate and consideration of the 2017 budget proposal presented by the President was evidence based and geared towards galvanizing the economy for greater growth.
- In addition to these, the House has considered and passed several Bills designed to stimulate economic growth and promote competition. These include: The Bill for an Act establishing Federal Competition and Consumer Protection Commission, etc. This legislation has the potential to engender innovation and efficient allocation of resources, eliminate barriers to entry and restrictive trade practices in our market. It will have a hugely positive impact on the quality of goods and services and their prices in the interest of the Nigerian consumer. Several Bills and Resolutions aimed at improving ease of doing business in Nigeria have been passed and more are in the works.
- Realising that underemployment is as grave a problem as unemployment, we in the House have introduced a Bill on new minimum wage Bill to promote the welfare and well-being of Nigerian Workers especially in light of changing economic realities. For us it is unacceptable that the average Nigerian worker is shut out from the promise of democracy, which is: “life, liberty and the pursuit of happiness”. Our democracy must be made to work for all Nigerians including our workers who must have the tools with which to pursue happiness while in active service or in retirement.
- One other challenge that the country has had to grapple with is corruption. Our legislative response has been by way of legislation and Resolutions. Many Bills in this respect have been passed, and many are still in the mill. Some motions have led to the series of investigative Hearings that are ongoing. Besides we have injected oversight emphasis in that direction.
- This 8th House of Representatives introduced Sectoral Debates. The idea is to get Ministers to share their vision and how they intend to achieve them so that Parliament can hold them accountable to goals they themselves have set. The first phase of the debate on diversification of the Nigerian economy has been concluded. The other phases are scheduled in the next Session.
- I must mention this to our collective credit, that the cohesion in the House is one of the major achievements of the 8th House. Without this, all else would have fallen apart as valuable hours of legislative business would have been dissipated on the management of internal squabbles. This we achieved by always placing patriotism above partisanship which is key to the unremitting exemplary maturity that is seen on the floor, week in week out. It was Albert Einstein who said, “life is like riding a bicycle. To keep your balance, you must keep moving”. Dear colleagues patriotism is and will always be what keeps us moving and balanced. Permit me to commend and deeply appreciate you all as we look forward to even greater cohesion in the years ahead.
- This self-appraisal cannot be complete without mentioning areas for further improvement. The timely submission of Reports by various Committees require improvement in the next legislative Session. To this end, we would ensure that timelines for legislative measures referred to Committees are strictly enforced. We need to also ensure that Ad-Hoc Committees do not constitute themselves into permanent or Standing Committees.
- Furthermore, we need to do a better job of coordinating the activities of various Committees to ensure synergy and avoid overlapping of activities and functions.
- On this note, it is my singular pleasure to once again welcome us all to this Special Session, and to specially thank my Honourable colleagues for your support, solidarity, patience, understanding, comradeship, hard work and harmony exhibited in the last two years in spite of many daunting challenges. Having said this, it is now time for me, to surrender the floor to our eminent assessors for their appraisal.
- Thank you all, God bless you and bless the Federal Republic of Nigeria.
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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