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Suspension of Electricity Tariff Hike Extended by One Week

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By Modupe Gbadeyanka

The suspension of the implementation of the recent hike in the tariff of electricity in Nigeria has been extended by one week by the federal government.

The extension was agreed on Sunday during a meeting between the federal government and representatives of the labour unions.

Yesterday, the Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, led the government delegates to meet with the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC).

Recall that on September 28, 2020, at a meeting between both parties held to avert an industrial action because of the hike in prices of petrol and electricity, it was agreed that while the removal of subsidy for fuel should be maintained, the price of electricity should be reversed to the old rate.

It was then agreed that a committee should be set up to have representatives of the government and the labour unions to review the new service-based electricity tariff policy for two weeks.

On Sunday, the suspension of the electricity hike expired and the committee met to look into their findings and at the gathering, it was concluded that another one week should be given.

“The two-week extension for electricity tariffs, which expired this week, will be extended by another one week.” the Minister of Labour, Mr Chris Ngige, announced while reading a communiqué from the meeting.

In the communiqué signed by the Minister of State for Labour, Mr Festus Keyamo, the resolutions of the panel on the distribution of one million meters to bridge the metering gap in the country in the first instance was adopted.

This would be done under the National Mass Metering Programme (NMMP) and the target is to provide at least six million meters to Nigerians free of charge based on the funding by the Central Bank of Nigeria (CBN), but the cost would be recovered from the electricity distribution companies.

The six million meters to be procured for the NMMP will only be through local meter manufacturers and assemblers. “This will create jobs and a new meter manufacturing sub-sector in the country,” it was noted.

It was further resolved that there would be a mandatory monthly publication of allowed billings in Naira for unmetered customers by the Nigerian Electricity Regulatory Commission (NERC) to make the capping regulation more effective.

“NERC will publish maximum charges in Naira for consumers without meters (in support of the capping regulation). Current rates at times are published in energy usage kWh and are difficult for consumers to reconcile against their bills,” it was stated.

It was also stressed that “Discos must refund consumers that have evidence that they were overbilled during the transition to the service based tariff. Any evidence of overcharging identified through the extended Ad-hoc committee scope will also be reimbursed by the discos.”

In addition, the parties agreed that after the expiration of the one-week extension, there would be a reduction of the tariffs by 10 per cent for band A, 10.5 per cent for band B and 31 per cent for band C.

“The immediate relief would be provided to citizens for a 2 to 3-month period (not later than December 31, 2020), being the timeline for the conclusion of an extended scope of work for the technical committee,” it noted.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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NEC Approves $4.5bn Refinancing of NNPC Oil-Backed Loan

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By Adedapo Adesanya

The National Economic Council (NEC) has approved a $4.5 billion arrangement for the Nigerian National Petroleum Company (NNPC) Limited aimed at strengthening the country’s external reserves and freeing up funds for infrastructure.

This is part of the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a new $4.5 billion facility named “Project Gazelle 2”.

The approval allows NNPC Limited to refinance the outstanding balance of approximately $1.5 billion under the original 2023 facility, while unlocking an additional $3 billion in liquidity to strengthen the country’s external reserves and support ongoing fiscal and infrastructure priorities of the government.

NEC’s approval followed a presentation by the Minister of Finance, Mr Taiwo Oyedele, which was presented by the Chairman of the Council, Vice President Kashim Shettima, underscoring the importance of the project.

NEC observed the significance of unlocking additional liquidity to the federation, among other benefits, pledging its support for the actualisation of the initiative.

The Finance Minister explained that the refinancing has been structured on more favourable terms than the original facility, including a reduction in the volume of pledged crude oil from 90,000 barrels of oil per day to approximately 78,750 barrels of oil per day – a 12.5 per cent reduction.

He noted that under the new arrangement, an additional 11,250 barrels of oil per day for the federation will be released, while there will be a reduction in the pledged crude volumes by the state oil company.

Mr Oyedele added that while accessing additional liquidity on improved terms, the arrangement is freeing up resources for strategic national priorities while strengthening the country’s financing structures.

“The arrangement is freeing up resources for strategic national priorities while strengthening the country’s financing structures,” he said.

VP Shettima called for a responsive, scalable, and data-driven social protection policy to tackle multidimensional poverty in Nigeria.

According to Mr Shettima, government policies are often heard before they are seen, speak through the price of food, condition of hospitals, records in schools, strain on families, the confidence of those who invest their labour in the nation’s future, and, very importantly, the ambitions of state governments.

He implored members of Council to ensure that every decision they make assure the citizens “that their government is paying attention to the pulse of the nation and is resolved to respond with competence, compassion and purpose.”

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FG Seeks Public Input on National Policing Bill

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By Modupe Gbadeyanka

Members of the public have been invited to submit memoranda and policy proposals on the proposed National Policing Bill.

The Chairman of the Working Group, Mr Femi Gbajabiamila, announced this on Monday after the team’s meeting at the State House in Abuja.

The group, headed by the Chief of Staff to President Bola Tinubu, is calling for input from Nigerians as part of efforts to establish a comprehensive legal and operational framework for state policing.

It is reviewing the Police Act 2020, the Police Service Commission framework, police regulations, and other relevant laws to support the development of an effective, modern policing system.

The proposed framework will set national minimum standards, define state readiness and grant certification, clarify jurisdictional responsibilities, ensure independent oversight, uphold human rights, and guarantee sustainable funding. It would also spell out an orderly transition to a dual-policing structure.

The call for memoranda will run for two weeks, allowing citizens, professionals, civil society, security agencies, state and local governments, academics, and other stakeholders to contribute. Submissions will be reviewed and integrated into the draft bill, which will then be subject to further national consultation before being finalised and sent to the National Assembly.

The Working Group has adopted a seven-week work programme running from July 27 to September 14, 2026. The draft Executive Bill is scheduled for presentation to President Bola Ahmed Tinubu on September 3, 2026, with national consultations to follow before the final approval.

The new National Policing Bill will set out requirements for recruitment, training, oversight, funding, and transition arrangements to ensure credible, effective, and accountable policing nationwide.

“A proposed State Police Service must demonstrate that it has credible arrangements for recruitment, vetting, training, pay, pensions, equipment, custody, complaints, discipline, data, firearms control, independent oversight and financial sustainability before it begins policing,” Mr Gbajabiamila said.

The representative of the Nigeria Governors’ Forum and Governor of Ogun State, Dapo Abiodun, who described State Police as a landmark reform, described the initiative as one of the defining reforms of President Tinubu’s administration.

Responding to concerns about federal overreach, he clarified that there is no Federal attempt to control State Police. He added that the proposed legislation is intended to provide an operational framework rather than centralise control.

Prince Lateef Fagbemi, the Attorney-General of the Federation and Minister of Justice, said the proposed National Policing Bill is designed to guarantee the security of lives and property while ensuring that the establishment of state police does not become a tool for political persecution.

The Attorney-General added that states not immediately ready to establish their own police services would continue to benefit from the presence of the Federal Police until they meet the required standards.

Other participants at the meeting included the Inspector General of Police, Tunji Disu; President of the Nigerian Bar Association, Afam Osigwe; Chairman, Policy Advisory Committee, Justice Abdullahi Liman (rtd); Professor Olu Ogunsakin, Head, Nigeria Police Reform Secretariat; Senior Special Assistant to the President on Planning and Research, Nnadubem Moghalu; and Brigadier General Olutayo Muyiwa Adesuyi, representing the National Security Adviser.

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NMDPRA Records 30% Drop in Gas Imbalance on Western Network

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By Adedapo Adesanya

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it recorded a 30 per cent reduction in gas imbalance on the country’s Western Network following the conclusion of its first-half 2026 Nigerian Gas Network Reconciliation (NGNR) Workshop.

The workshop brought together gas transporters, suppliers, shippers and off-takers to reconcile gas volumes traded between January and June 2026, while introducing a Network Entry/Exit Point Measurement Infrastructure Audit Template aimed at improving metering accuracy and accountability across the gas transmission network.

In a communiqué issued after the workshop, the authority said participants also reviewed the performance of the Nigerian Gas Transmission Network, assessed progress on major pipeline infrastructure projects, and received updates on the ELPS Gas Shrinkage Factor and Hydraulic Modelling Project.

Discussions focused on addressing metering gaps, improving network visibility through Supervisory Control and Data Acquisition (SCADA) integration, and enhancing system reliability ahead of the commissioning of the Ajaokuta-Kaduna-Kano (AKK) Pipeline System.

The workshop adopted key resolutions, including the execution of outstanding Network Exit Agreements, mandatory submission of measurement audit templates and closer collaboration among industry stakeholders to improve network pressure management.

Speaking at the closing session on behalf of the authority’s chief executive, Mr Rabiu A. Umar, the Director of Transportation Systems and Networks, Mr Joseph G. Musa, said the biannual reconciliation exercise had become critical to promoting equitable gas transactions, transparency, investor confidence and efficient network operations.

Mr Musa noted that since the NGNR process was introduced in 2023, it had significantly improved gas measurement, strengthened regulatory compliance through consequence management, reduced operational imbalances and contributed to a more reliable domestic gas supply.

The workshop concluded with participants adopting the reconciled H1 2026 gas volumes, reaffirming the authority’s commitment to a transparent, efficient and reliable domestic gas market.

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