General
Why DisCos Can’t Meet Obligations—EMRC
By Modupe Gbadeyanka
The Country Director, Energy Market and Regulatory Consultants (EMRC), Mrs Rahila Thomas, has explained why electricity distribution companies in Nigeria fondly called DisCos, are not performing optimally.
Mrs Thomas, speaking in Abuja at a one-day round table discussion organised by the Nigerian Senate on Addressing Nigeria’s Power Problems, stated that these electricity firms were cash-strapped.
“DisCos are not collecting sufficient cash to meet upstream obligations,” Mrs Thomas at the event while giving a presentation on the evolution of Nigeria’s electricity supply industry.
Chairman of the Senate Committee on Power, Mr Gabriel Suswam, said at the forum that, “The challenges in the power sector can be categorized into five crowd areas: Institution and Governance, Infrastructural, Political, Legislative and Environmental.”
He stated that, “The workable solution may be holistic and should take into account these broad challenges. We are here today to find solutions to electricity challenges in our country.”
Speaking further, he explained that the roundtable was organised as a result of a motion brought to the Senate on addressing Nigeria’s power problems on Tuesday, November 19, 2019, noting that the Senate resolved to hold the programme to address these issues and provide working solutions.”
In his contribution, the Minister of Power, Mr Saleh Mamman, stated that, “The most important factor in addressing the power sector is building synergy and team spirit. We have identified this at the Ministerial level. I wish all of us a fruitful resolution that will help in solving these problems.”
His counterpart in the Ministry of Finance, Budget and National Planning, Mrs Zainab Ahmed, who was represented by Mrs Evelyn Amobi, lauded the commitment of the legislative to work with the executive to resolve the issues affecting the power sector.
She assured that, “All the decisions that will be made here will have our full support and be taken to the executive.”
Senate Leader, Mr Yahaya Abdullahi, said at the forum that, “A lot of resources have been used in finding solutions into problems that have put this country backwards.
“It is the concern of the Senate to look into each other’s eyes and say the truth. We are here to own up to the issues that face this particular centre and work to find solutions to the major problem that affects the delivery of power to Nigeria.”
Senate President, Mr Ahmad Lawan, while speaking at the event, noted that, “If there is any single sector of our economy that is so important and so challenged, it is the power sector.”
He said, “This is a sector that needs a declaration of emergency. This is an opportunity for us to discuss the solutions and the way forward. The truth is we all know what is wrong, what we really need to do is to have the political will to take on the challenges frontally.”
“From the electricity power reform of 2005 and the privatization of Discos, with what is happening today, we know that everything is wrong. The time has come for us to have courage.
“We have signed into AFCTA and I believe what will give us an edge is to have a competitive environment. Our industries must be able to produce things that will compete favourably to other products in Africa but we are not in that position today. Even our citizens who have capital would rather relocate to Ghana and produce what they want to sell and bring it to Nigeria,” he said further.
Continuing, Mr Lawan said, “If we went wrong with the privatization of discos and Gencos, the time has come to look into it in the interest of our country. Definitely something is not working right. This round table is an idea of the senate that we should come together, talk amongst ourselves, ours is of course legislative intervention but we are also part of government. Whatever that is required to support the executive to amend the power sector reform, we are prepared to do that.”
Concluding, the Senate President said, “We owe this country obligation to provide employment opportunities for our teeming population. I think this round table at least is an opportunity to come up with measurable roadmaps to take the power sector to the next level.
“I believe that we have to declare a state of emergency on power and courageous decisions must be taken by government. I believe that this is one interaction that will not disappear after this session we want to take appropriate actions.”
General
NECA’s Annual Retreat for Business Managers, Executives Holds April 16
By Aduragbemi Omiyale
The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.
This year’s edition is themed The Resilient Enterprise, People and Systems: Building and Managing Businesses that Outlive Seasons, Cycles and Crises.
The programme aims to equip leaders with the insights, tools, and networks required to build resilient organisations in an increasingly complex business environment.
It will provide a unique platform for executive-level engagement through high-level conversations, peer learning sessions with experienced leaders, strategy reflection workshops, and curated networking opportunities.
Expected to attend are industry leaders, senior executives, and business managers from across sectors. They will explore strategies for sustaining organisational performance through leadership transitions, economic cycles, regulatory shifts, and market disruptions.
Participants will also benefit from interactive discussions focused on strengthening corporate governance, developing agile leadership capabilities, and building organisational systems that can withstand periods of uncertainty and transformation.
A notice from NECA said the event is open to both members and non-members, with participation fees set at N300,000 for members and N320,000 for non-members. Discounts will also be available for Gold and Silver members, subject to applicable terms and conditions.
Interested participants are encouraged to register via the official registration link to secure their place at the retreat, which promises to deliver valuable insights and connections for executives seeking to build enterprises capable of thriving through seasons of change and uncertainty.
The Director-General of NECA, Mr Adewale Smatt-Oyerinde, noted that by convening business managers and senior executives in a collaborative learning environment, the association aims to contribute to the development of stronger, future-ready enterprises that can drive economic growth, create jobs, and support national development even in the face of evolving global and local challenges.
He added that the retreat will provide executives with the opportunity to step away from daily operational demands and engage in deeper strategic conversations with peers and industry experts.
“The theme of this year’s retreat speaks directly to the realities businesses face today. Across sectors, organisations are navigating leadership transitions, regulatory shifts, economic pressures, and technological disruption.
“What distinguishes enduring enterprises is their ability to build strong systems, develop capable leaders, and create organisational cultures that can adapt and respond effectively to change,” the NECA chief said.
General
Egbin Power Commissions 80 New Staff Housing Units
By Modupe Gbadeyanka
In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.
This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication
“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.
“This significant expansion of our residential estate is a tangible expression of that commitment.
“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.
Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
General
NGX Group, CSCS, WIMBIZ to Ring Bell for Gender Equality
By Aduragbemi Omiyale
On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.
The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.
In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.
Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.
NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.
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