General
Sadiku Hails NIPC Performance, Transparency in Five Years
By Adedapo Adesanya
The Chief Executive Officer (CEO) of the Nigerian Investment Promotion Commission (NIPC), Ms Yewande Sadiku, has said the commission in the last five years performed beyond expectation just as it was more accountable to Nigerians than at any other period as reflected in its publishing of quarterly reports and regular investment announcements.
Ms Sadiku disclosed this while featuring on the Arise TV Xchange program, where she stated that her administration had laid down the foundation of investment promotion in Nigeria which she expects will be sustained.
She stressed that the NIPC under her watch entrenched transparency in the pioneer status incentive process for the country.
The outgoing NIPC chief said the Ministries, Departments, and Agencies (MDAs) ensured public disclosure of financial, legal procurement and operational information.
In terms of revenue generation, she said the internally generated revenue of the NIPC increased from N296 million in 2016 to N3 billion in 2020.
The actual IGR realized in the country within the period 2016 to the first half of 2021 was a total of N11.9 billion, while N5.8 billion (49 per cent of the total IGR) has been paid by the NIPC to the consolidated revenue fund of the federation.
Speaking on reforms, she highlighted that the NIPC had reviewed the country’s bilateral investment treaties to focus on responsible, inclusive, balanced and sustainable investments.
She also added that the NIPC encouraged proactive subnational investment promotion across the 36 states of the Federation.
Speaking further, she observed that there were significant improvements in the NIPC, in the following areas: capacity building for NIPC staff which improved significantly; leveraging technology to improve the accessibility to NIPC and its activities; and engaging quality experts as consultants in achieving key investment deals.
She noted that the NIPC serves the public good and should not be regarded as a revenue-generating agency.
Ms Sadiku will be stepping down as Executive Secretary/CEO of the Nigeria Investment Promotion Commission (NIPC) later this month and has been hailed for her reforms and advocacy for collaboration between MDAs to attract investments in Nigeria.
Her tenure was recently faced with an alleged scandal as she was said to have been invited by the Economic and Financial Crimes Commission (EFCC) on August 9, 2021, over issues that have been investigated by other anti-corruption agencies, none of whom has so far indicated that she has any case to answer.
By Aduragbemi Omiyale
The time has come for the adoption of innovative solutions to enhance efficient power generation and distribution in Nigeria, the chief executive of Egbin Power Plc, Mr Mokhtar Bounour, has submitted.
Mr Bounour gave this suggestion at the Shell Power Conference 2025 themed Powering Nigeria’s Energy Future: Bridging the Gap Between Ambition and Action in Lagos recently.
The high-level gathering brought together key stakeholders, industry leaders, and policy experts to deliberate on actionable pathways for powering Nigeria’s energy future.
At the event, the Egbin Power chief also called for a sustainable development in the electricity industry, reaffirming the company’s unwavering commitment to this action.
“While compliance with health and safety standards comes first in generating electricity safely, our actions and commitment to providing adequate and reliable electricity to power industries, hospitals, strategic institutions, schools, and homes will enhance socio-economic development in Nigeria.
“Our collective actions and collaborations among players across generations, transmission, and distribution will catalyse improvement of the current situation we have now.
“We have explored how collaboration can unlock transformative investments, improve liquidity, and accelerate the adoption of cutting-edge technologies that will drive operational excellence,” Mr Bounour noted, stressing that the path forward must focus on efficiency, strategic partnerships, and the adoption of innovative solutions to enhance power generation and distribution in Nigeria.
“The challenges ahead are real, but so is our shared determination,” he noted, pointing out the importance of stakeholder collaboration and regulatory support in transforming the sector.
He reiterated Egbin’s readiness to partner across value chains to drive results, noting that the company continuously invests in innovation and operational upgrades to meet Nigeria’s growing energy demand.
“We are further driven by our commitment to real progress and turning our vision into results by building a truly sustainable energy ecosystem,” he shared, stating that, “The road to a brighter energy future requires our collaboration, and I believe that together, we can close the gap between where we are and where we need to be. The future of Nigeria’s energy sector is not a dream. It is a mission, let’s power it together.”
By Adedapo Adesanya
The gas arm of the Nigerian National Petroleum Company (NNPC) Limited, the Gas Marketing Limited (NGML), has expanded its supply portfolio with the signing of a Natural Gas Sale and Purchase Agreement (GSPA) with CCETC Suk Power Limited.
The agreement enables the delivery of up to 44 million standard cubic feet per day (MMscf/d) of natural gas, further strengthening NGML’s role in Nigeria’s energy distribution chain.
The new deal, announced at the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Business Development Forum in Abuja, builds on the company’s existing agreement with GasHub Nigeria Limited and underscores its growing footprint in the midstream sector.
The gas supply deal is expected to significantly improve power generation capacity and support liquefied natural gas production, contributing to the nation’s industrial and energy security goals.
NGML noted that by increasing access to gas, it is also helping industries reduce dependency on diesel and other carbon-heavy fuels.
The AKK Gas Pipeline, a key strategic project for NNPC Limited is designed to connect gas-rich southern regions to demand centers in the north. The pipeline has been tagged as a game-changer for industrial growth, power generation, and regional energy access.
The agreement comes at a time when the federal government is intensifying efforts to scale up gas utilization across the country in line with the Decade of Gas initiative.
With this expansion, NGML is positioning itself as a reliable gas off-taker for large-scale industrial and power projects, driving economic development and enabling job creation.
The gas supply is also expected to benefit emerging industrial clusters along the AKK corridor, improving competitiveness and attracting new investments.
By Adedapo Adesanya
As the Transmission Company of Nigeria (TCN) begins a 25-day maintenance of the Omotosho – Ikeja West 330kV power line on Monday, there is pressing worry about its impact on productivity and business operations in Lagos State.
The TCN in a statement said the Nigerian Electricity Regulatory Commission (NERC) and the National Independent System Operator (NISO) have approved the “critical infrastructure upgrade”.
“The upgrade involves the installation of Optical Ground Wire (OPGW) fibre cable on the Omotosho/Ikeja West 330kV transmission line, scheduled from July 28, 2025, to August 21, 2025 from 8 am to 5 pm,” the TCN said in a statement by its General Manager (GM), Public Affairs, Ndidi Mbah.
During the period, the agency said, “power will be restored through the line after each day’s work, all other circuits will remain operational to ensure a stable power supply to the Lagos complex during the exercise”.
It said the upgrade will “enable full operationalization of the Supervisory Control and Data Acquisition (SCADA) system” and enhance the real-time monitoring and management of the power grid.
Meanwhile, the two electricity distribution companies operating in Lagos State: the Eko Electricity Distribution Company (EKEDC) and the Ikeja Electricity Distribution Company (Ikeja Electric) have informed customers about the planned upgrade.
In separate public notices, both Discos said there will be “intermittent power supply” during the period.
EKEDC wrote: “Dear Valued Customer, Kindly be informed that there will be a planned outage by our partner, Transmission Company of Nigeria (TCN).
Date: Monday, 28th July to Thursday, 21st August, 2025.
Time: 08:00 – 17:00 hrs (daily).
Reason: To enable works to be safely carried out on the Omotosho – Ikeja West 330kV power line.
Impact: Intermittent outage and load shedding across our network.
Affected Areas: Across our network coverage.”
“Dear Esteemed Customer, please be informed that the Transmission Company of Nigeria (TCN) will carry out scheduled maintenance on the Omotosho-Ikeja West 330kV transmission line from Monday, July 28, to Thursday, August 21, 2025, between the hours of 8:00 AM and 5:00 PM daily.
“During this period, customers may experience intermittent power supply and load shedding across our network due to the planned TCN outage,” Ikeja Electric said.
Despite this assurance, electricity users are dreading the development and its possible impact on work and business operations in the state.
For Doyin, a remote worker in Lagos, “It appears that they are serious about this thing and I am worried it will not allow me give my all. The cost of electricity is already high not to get anything right now.”
“I just hope that this upgrade doesn’t mean blackout,” she told Business Post.
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