General
Uduaghan Says Downgrade of Asaba Airport Political, Blasts Critics
By Modupe Gbadeyanka
Immediate-past governor of Delta State and All Progressives Congress 2019 Delta South senatorial candidate, Dr. Emmanuel Eweta Uduaghan, has opened up on the downgrade of the Asaba International Airport by the Nigeria Civil Aviation Authority (NCAA), few days to his exit as the governor of the oil-rich state in 2015.
The Nigerian government through the NCAA had downgraded the Asaba airport over the failure of Delta State government to put in place safety and security measures at the airport. The development temporarily shut down the operation of the airport as only Dash 8-Q 400 aircraft or its equivalent were allowed in.
But speaking recently in an interview with TELL Magazine, the Itsekiri-born medical doctor revealed that the poor remarks of the airport by the NCAA were politically motivated stressing that it was a regional power-play and blackmail by some aggrieved persons in the state.
In his words: “What they are celebrating as first international flight, what plane was used? A Boeing – 737 – which had been coming in. By the time I was leaving, we had had over 130,000 passengers pass through that airport; some coming with Boeing 737, and smaller planes. There is no president, past president, current president alive today, and very prominent Nigerians that has not passed through that airport and did not have good testimonies about that airport. The airport ran smoothly for three years; there was no issue.
“Then we started having challenges with the run-way, which we started to look at. And it’s not new. Enugu airport was resurfaced last year; they are already having challenges with the runway. Go and check Enugu records; the last visit of governors of the Southeast to Mr President was to complain about the runway in Enugu airport. And this was a runway that was rehabilitated, first before we left, then done again when I had left office. The same company which they recommended to us that should do the Asaba airport, rehabilitated Enugu airport in the last six years twice and still has problems. Abuja airport has problems – runway. Runway problem is not something new, just that they turned this one into politics.
“First, it was announced by the ministry; the ministry had no business announcing it. It’s the business of the FCAA. Some people lobbied the ministry to down-grade it so that I can panic and pump in money and finish it quickly. The same people at that time just felt upset that I had started the Osubi airport runway construction; I had paid some deposit to the company, and their own was that the deposit I had paid for the Osubi airport runway, why would I not use it to complete the Asaba Airport.
“So, there was a regional power-play and blackmail. I am going to mention names in the future, especially for the Osubi airport. We were given a temporary approval by the ministry to commence construction while lobbying for the permanent approval by the FCAA; so, we did not just go there anyhow. The minister came; he went to the place. They gave us temporary go-ahead to do it.
“Of course, ministers were changed. A new minister came in – Osita Chidoka – he was supposed to be my friend; he’s still my friend till today. But when he became minister, he was a little bit hostile. So, I was looking for him; I couldn’t locate him until we were having one rally. I said look, honourable minister, I have been trying to reach you. Can we meet over the airports in Delta? He said fine.
“I went to his office; I was in his office for over four hours discussing the two airports and he said Osubi must stop work. I said why? That we can’t have two airports together like that. For two years, I tried to take over the Osubi airport so that I could increase the length of the runway. You know it was built by Shell, and it was being run by Shell. Shell dribbled us for two years; it was eventually they opened-up to me that they would never give it out because it would affect their operations. I said all these two years, why not say it? So, when they eventually agreed to give it to us that we could do what we had in mind to do, but that we should not touch the short runway, I said okay, available land space, give it to us so that we would do a longer runway; airports don’t have only one runway. Some have three, four. Shell said no. So, that meant we cannot even have land.
“It got to a point when I said okay, I was going to revoke the land; carry your airport away; I will revoke the land. It was then they agreed to cede part of that available land space to us. Then, we acquired more from the communities to get enough land to be able to construct the second runway. So, we started the second one.”
The former governor further revealed that they had cleared, excavated, sand-filled and “work was going on when Chidoka said no, we cannot continue; that there are two airports. I told him no; I appealed to him, but we continued with our construction. He now sent people to come and stop the contractors. Of course, because they were contractors also doing federal jobs, they were afraid to continue in order not to be black-listed. So, that is what happened to Osubi airport hoping that they would force me to go to Asaba airport. But I told them that Asaba airport wasn’t abandoned; we were just having challenges with who the consultant would be.
“FCAA succeeded in forcing a consultant on us. The consultant that eventually did the job was not our consultant; it was nominated by the FCAA officials and they also wanted to force a contractor on us and we said no, that we had our own contractor, let him continue. Fortunately, the contractor that they wanted to force on us was the same contractor that handled the Enugu airport which again failed, so you can’t say he was so good a contractor. So, we had all those challenges. That is part story of the Asaba airport; the full story will come out.”
Responding to the issues raised by the NCAA in the downgrade report, Uduaghan said: “Most of the issues raised were handled. First, they started with fire-fighters; that the fire-fighters we put there were not for airports. We had to order for other ones to specification.
“Then they raised the issue of the hill; of course, the hill is well-known. That because of the hills, they would not allow big planes to come in. So, we had to give the contract concerning the hills to three different companies so that they can bring the hills down as quickly as possible. Of course, because of the cost, that started another controversy.
“They raised the issue of perimeter-fencing, about 70 per cent of which we had done; but before you wake up, Onitsha people had come to cut them, and they took them to go and sell. So, we had to increase security around the place.
“Then the issue of FA lighting so that planes can land at night; we installed FA lighting twice and they would come from across the Niger to steal them away. At the time they closed the airport, the memo had gone through exco, the contract had been awarded for the resurfacing of the runway. They were just waiting for mobilization. So, that statement wasn’t correct.
“The issues they raised, we tackled. And that airport is the most comprehensive airport in Nigeria. I challenge anybody; let us go and debate it. It was just purely regional and ethnic politics that they were doing with the airport. And for me, I am so happy because the point is, I have more people commending me for the airport from that Delta North, prominent sons, than the few persons that were playing politics. I have letters from the Asagba commending me for the airport and some of the things I did in Asaba. So, I am very happy and proud that I made it possible for Asaba to have an airport.”
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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