General
Saraki Quits APC, Returns to PDP

By Modupe Gbadeyanka
Nigeria’s Senate President, Mr Bukola Saraki, has announced his resignation from the ruling All Progressives Congress (APC).
Mr Saraki left the APC on Tuesday night, stating that he was left with no other option after making efforts to resolve issues he had with some key members of the party.
In a statement issued today, the Senate President said he exited the party after due consultations with stakeholders from his state, Kwara State.
Mr Saraki said he was returning to the opposition party, the Peoples Democratic Party (PDP), which he left about four years ago.
“I wish to inform Nigerians that, after extensive consultations, I have decided to take my leave of the All Progressives Congress (APC).
“This is not a decision that I have made lightly. If anything at all, I have tarried for so long and did all that was humanly possible, even in the face of great provocation, ridicule and flagrant persecution, to give opportunity for peace, reconciliation and harmonious existence.
“Perhaps, more significantly, I am mindful of the fact that I carry on my shoulder a great responsibility for thousands of my supporters, political associates and friends, who have trusted in my leadership and have attached their political fortunes to mine. However, it is after an extensive consultation with all the important stakeholders that we have come to this difficult but inevitable decision to pitch our political tent elsewhere; where we could enjoy greater sense of belonging and where the interests of the greatest number of our Nigerians would be best served.
“While I take full responsibility for this decision, I will like to emphasise that it is a decision that has been inescapably imposed on me by certain elements and forces within the APC who have ensured that the minimum conditions for peace, cooperation, inclusion and a general sense of belonging did not exist.
“They have done everything to ensure that the basic rules of party administration, which should promote harmonious relations among the various elements within the party were blatantly disregarded. All governance principles which were required for a healthy functioning of the party and the government were deliberately violated or undermined. And all entreaties for justice, equity and fairness as basic precondition for peace and unity, not only within the party, but also the country at large, were simply ignored, or employed as additional pretext for further exclusion.
“The experience of my people and associates in the past three years is that they have suffered alienation and have been treated as outsiders in their own party. Thus, many have become disaffected and disenchanted. At the same time, opportunities to seek redress and correct these anomalies were deliberately blocked as a government-within-a-government had formed an impregnable wall and left in the cold, everyone else who was not recognized as “one of us”. This is why my people, like all self-respecting people would do, decided to seek accommodation elsewhere.
“I have had the privilege to lead the Nigerian legislature in the past three years as the President of the Senate and the Chairman of the National Assembly. The framers of our constitution envisage a degree of benign tension among the three arms of government if the principle of checks and balances must continue to serve as the building block of our democracy. In my role as the head of the legislature, and a leader of the party, I have ensured that this necessary tension did not escalate at any time in such a way that it could encumber Executive function or correspondingly, undermine the independence of the legislature. Over the years, I have made great efforts in the overall interest of the country, and in spite of my personal predicament, to manage situations that would otherwise have resulted in unsavoury consequences for the government and the administration. My colleagues in the Senate will bear testimony to this.
“However, what we have seen is a situation whereby every dissent from the legislature was framed as an affront on the executive or as part of an agenda to undermine the government itself. The populist notion of anti-corruption became a ready weapon for silencing any form of dissent and for framing even principled objection as “corruption fighting back”. Persistent onslaught against the legislature and open incitement of the people against their own representatives became a default argument in defence of any short-coming of the government in a manner that betrays all too easily, a certain contempt for the Constitution itself or even the democracy that it is meant to serve.
“Unfortunately, the self-serving gulf that has been created between the leadership of the two critical arms of government based on distrust and mutual suspicion has made any form of constructive engagement impossible. Therefore, anything short of a slavish surrender in a way that reduces the legislature to a mere rubber stamp would not have been sufficient in procuring the kind of rapprochement that was desired in the interest of all. But I have no doubt in my mind, that to surrender this way is to be complicit in the subversion of the institution that remains the very bastion of our democracy. I am a democrat. And I believe that anyone who lays even the most basic claim to being a democrat will not accept peace on those terms; which seeks to compromise the very basis of our existence as the parliament of the people.
“The recent weeks have witnessed a rather unusual attempts to engage with some of these most critical issues at stake. Unfortunately, the discord has been allowed to fester unaddressed for too long, with dire consequences for the ultimate objective of delivering the common good and achieving peace and unity in our country. Any hope of reconciliation at this point was therefore very slim indeed. Most of the horses had bolted from the stable.
“The emergence of a new national party executives a few weeks ago held out some hopes, however slender. The new party chairman has swung into action and did his best alongside some of the Governors of APC and His Excellency, the Vice President. I thank them for all their great efforts to save the day and achieve reconciliation. Even though I thought these efforts were coming late in the day, but seeing the genuine commitment of these gentlemen, I began to think that perhaps it was still possible to reconsider the situation.
“However, as I have realized all along, there are some others in the party leadership hierarchy, who did not think dialogue was the way forward and therefore chose to play the fifth columnists. These individuals went to work and ensured that they scuttled the great efforts and the good intentions of these aforementioned leaders of the party. Perhaps, had these divisive forces not thrown the cogs in the wheel at the last minutes, and in a manner that made it impossible to sustain any trust in the process, the story today would have been different.
“For me, I leave all that behind me. Today, I start as I return to the party where I began my political journey, the Peoples Democratic Party (PDP).
“When we left the PDP to join the then nascent coalition of All Progressives Congress (APC) in 2014, we left in a quest for justice, equity and inclusion; the fundamental principles on which the PDP was originally built but which it had deviated from. We were attracted to the APC by its promise of change. We fought hard along with others and defeated the PDP.
“In retrospect, it is now evident that the PDP has learnt more from its defeat than the APC has learnt from its victory. The PDP that we return to is now a party that has learnt its lessons the hard way and have realized that no member of the party should be taken for granted; a party that has realized that inclusion, justice and equity are basic precondition for peace; a party that has realized that never again can the people of Nigeria be taken for granted.
“I am excited by the new efforts, which seeks to build the reborn PDP on the core principles of promoting democratic values; internal democracy; accountability; inclusion and national competitiveness; genuine commitment to restructuring and devolution of powers; and an abiding belief in zoning of political and elective offices as an inevitable strategy for managing our rich diversity as a people of one great indivisible nation called Nigeria.
“What we have all agreed is that a deep commitment to these ideals were not only a demonstration of our patriotism but also a matter of enlightened self-interest, believing that our very survival as political elites of this country will depend on our ability to earn the trust of our people and in making them believe that, more than anything else, we are committed to serving the people.
“What the experience of the last three years have taught us is that the most important task that we face as a country is how to reunite our people. Never before had so many people in so many parts of our country felt so alienated from their Nigerianness. Therefore, we understand that the greatest task before us is to reunite the county and give everyone a sense of belonging regardless of region or religion.
“Every Nigerian must have an instinctive confidence that he or she will be treated with justice and equity in any part of the country regardless of the language they speak or how they worship God. This is the great task that trumps all. Unless we are able to achieve this, all other claim to progress no matter how defined, would remain unsustainable.
“This is the task that I am committing myself to and I believe that it is in this PDP, that I will have the opportunity to play my part. It is my hope that the APC will respect the choice that I have made as my democratic right, and understand that even though we will now occupy a different political space, we do not necessarily become enemies unto one another,” the Senate President wrote in the statement.
General
Discos Face Billing Inefficiency Despite Increase in Power Distribution

By Adedapo Adesanya
Power distribution companies (Discos) are still falling short when billing customers despite receiving more electricity for distribution, according to the latest report released by the Nigerian Electricity Regulatory Commission (NERC).
An analysis by Business Post on the May 2025 factsheet shows that while Discos received 2,774.49 GWh of electricity, which translates to a 5.80 per cent increase compared to April, and billed out 2,255.51 GWh, billing efficiency dropped by 2.01 percentage points, settling at 81.29 per cent.
This means nearly 19 per cent of the electricity distributed to consumers remains unbilled, compounding the financial woes in the power sector.
Billing efficiency reflects the ratio of energy billed to the total energy received by Discos. The decline indicates that a significant portion of the energy supplied is either not recorded, lost, or distributed to customers without proper metering, all of which contribute to revenue loss.
The data from NERC during the review month also showed that out of the N261.82 billion billed to customers in May, only N191.57 billion was collected. This reflects a collection efficiency of 73.17 per cent, down by 4.42 per cent from April.
In terms of revenue recovery, Discos were allowed to collect an average of N116.25/kWh, but they managed to recover only N82.05/kWh, pushing recovery efficiency down to 70.58 per cent, a 7.32 per cent drop from the previous month.
On the billing front, Benin, Ikeja, and Eko Discos led the pack, maintaining high billing efficiencies of 88.73 per cent 87.44 per cent, and 87.62 per cent, respectively.
The factsheet showed that Eko Disco also recorded one of the highest improvements in collection performance, suggesting a solid overall commercial strategy.
On the other end, Yola Disco fared the worst, with a billing efficiency of just 63.45 per cent, and a collection efficiency of 50.59 per cent. Jos and Kaduna Discos also reported worrying figures, showing deep cracks in their billing and revenue structures.
An improvement in Nigeria’s billing and collection efficiency could help mitigate challenges amid efforts to increase power generation and supply.
General
Maritime Lawyers Seek Import Waivers Ahead CVFF Disbursement

By Adedapo Adesanya
The Nigerian Maritime Law Association (NMLA) has called for the removal of import duties on cabotage vessels to promote the growth of the indigenous shipping fleet ahead of the planned disbursement of the Cabotage Vessel Financing Fund (CVFF) next month.
Speaking at the 2025 NMLA Seminar held in Lagos last week, Mr Boniface Igwe, former Director of Cabotage at the Nigerian Maritime Administration and Safety Agency (NIMASA), argued that waiving import duties on such vessels would significantly lower procurement and operational costs.
He also said eliminating these duties would give local shipowners a competitive advantage over foreign operators engaged in Nigeria’s coastal trade.
“It is high time NIMASA began engaging with the Nigeria Customs Service to consider waiving certain duties in support of Cabotage implementation,” Mr Igwe stated, noting that effective and well-monitored Cabotage enforcement could boost Nigeria’s cargo tonnage, enhancing the country’s chances of securing a seat in Category ‘C’ of the International Maritime Organization (IMO) Council.
Similarly, Mr Fubara Anga, a Senior Advocate of Nigeria (SAN), stressed the need for the NMLA to present a national strategy document to the government outlining a framework for the disbursement and implementation of the Cabotage Fund.
According to him, this would ensure the fund achieves its intended goals.
Mr Anga added that building local capacity would not only strengthen the domestic shipping sector but also increase government revenue.
In his remarks, former Executive Secretary of the Nigerian Shippers’ Council, Mr Hassan Bello, described a well-structured Cabotage regime as a potential game changer for the local shipping industry.
He expressed optimism that, if properly managed, the CVFF disbursement could enable Nigerian shipowners to compete effectively with their foreign counterparts.
Recall that NIMASA has announced plans to commence the disbursement of the $700 million CVFF in August.
The CVFF, established under the Coastal and Inland Shipping (Cabotage) Act of 2003, was designed to empower Nigerian shipping companies through access to structured financing for vessel acquisition. However, successive administrations failed to operationalize the fund—until now.
General
BPP, NASENI Sign MoU on Speedy Implementation of Nigeria First Policy

By Adedapo Adesanya
The Bureau of Public Procurement (BPP) and the National Agency for Science and Engineering Infrastructure (NASENI) have signed a Memorandum of Understanding (MoU) on the implementation of the Nigeria First Policy.
Speaking at the signing in Abuja on Monday, the Director-General of BPP, Mr Adebowale Adedokun, said the partnership would promote local manufacturing, technology, innovation and economic growth in Nigeria, noting that the Nigeria First Policy promotes the use of local content and indigenous solutions to address national challenges.
Mr Adedokun said the deal aimed to create a structured bridge between production and procurement, prioritising locally made solutions in public service delivery, which would promote value for money in public procurement.
“Today, we are not just signing an agreement. We are building a pipeline from Nigerian innovation to national transformation.
“The MoU we sign today aims to align our policies with our priorities. It gives practical force to the Nigeria First Policy.
“NASENI’s innovations, from tractors to tablets, from surveillance drones to solar backup systems, will now be actively prioritised in the procurement plans of Ministries, Departments, and Agencies (MDAs).
“We are institutionalising a framework that makes local options not just preferable, but the default option before all others.”
He emphasised that the partnership was not an act of protectionism but an act of patriotism grounded in performance, as NASENI had invested in quality assurance with its products certified by Standards Organisation of Nigeria (SON) and NAFDAC.
The DG said the role of BPP was to ensure that standards were rewarded with access and that MDAs no longer needed to look outside when the best was being made in Nigeria.
He said the bureau was backing its commitment with NASENI with reform actions.
Mr Adedokun said the BPP would integrate NASENI’s catalogue into the Nigeria Open Contracting Portal (NOCOPO), making NASENI’s offerings visible, verifiable, and measurable across all MDAs.
“Between January and June 2025 alone, NOCOPO’s enhanced price intelligence helped Nigeria save over N173 billion equivalent to $155 million and €1.7 million.
“These are not just savings on paper. They are savings that free up resources for more schools, hospitals, and support for small and medium-sized enterprises.”
He added that the BPP and NASENI had set up a Technical Working Committee to synchronise production timelines with procurement cycles, which would track outcomes, identify bottlenecks, and ensure continuous improvement.
Adedokun commended NASENI for its efforts in putting Nigerian-made innovation on the map while calling on other MDAs to prioritise their products.
“I call on other sectors beyond NASENI to also come up with their own strategy for implementing Nigeria First. NASENI has led. I expect others to follow.
“To citizens, I invite you to track these procurements on NOCOPO. Your vigilance ensures our accountability.
“We have to really realise that today’s event is such that it can change our local industries, the small and medium-scale enterprises. It can change how women and youths are viewed in terms of industrialisation.”
On his part, Mr Khalil Halilu, Executive Vice-Chairman/CEO of NASENI, said the MoU was expected to attract more investments into the country and promote local manufacturing.
He said the agreement would provide priority patronage to companies that partner with NASENI.
“The MoU further strengthens our efforts, pushing the Nigerian First Policy, and we look forward to assembling more locally made items as well as promoting more industrialisation in the country.”
He noted that NASENI had received no fewer than 900 applications from companies to partner with them in the past one and a half years, because of its rebranding and new partnerships.
“This has resulted in the development of no fewer than 50 market-ready products, and we have a showroom on the Kubwa Expressway which will be showcased at our unveiling event soon.”
Mr Halilu also emphasised the importance of protecting local industries and promoting local manufacturing to prevent Nigeria from becoming a dumping ground for imported goods.
He said the agency was working on building the biggest renewable park in the region in Keffi, and had taken a portion of Abuja Industrial Park, and Abuja Technology Village to build electronics and electronic vehicles, adding that the agency had successfully attracted technology transfer and investment into the country.
He added that the agency’s policies were gender-friendly and inclusive, with women and youth forming part of its workforce.
-
Feature/OPED5 years ago
Davos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years ago
Estranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years ago
Sort Codes of GTBank Branches in Nigeria
-
Economy2 years ago
Subsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years ago
First Bank Announces Planned Downtime
-
Sports2 years ago
Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology5 years ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN