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Confusion as Buhari Sacks AEDC Management Over Workers’ Strike

8Dec

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power, Uncategorized

Confusion as Buhari Sacks AEDC Management Over Workers’ Strike

There was confusion among power sector operators on Tuesday after President Muhammadu Buhari, fired the management of the Abuja Electricity Distribution Company as a result of the strike embarked upon by the AEDC workers the preceding day. Officials of the Federal Ministry of Power said the management of AEDC had been replaced with an interim governing council, stressing that the directive came from the Presidency. “Indeed, the management of the AEDC has been dissolved through the initiative of the BPE (Bureau of Public Enterprises),” the Deputy Director, Press, FMP, Austin Asoluka, told Punch in Abuja. He added, “A new interim management team formed by NERC (Nigerian Electricity Regulatory Commission) has been put in place.” But many operators in the sector viewed the move by ...

Libya Overtakes Nigeria As Africa’s Biggest Oil Producer

12Nov

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

Libya Overtakes Nigeria As Africa’s Biggest Oil Producer

Nigeria has lost its Africa’s top oil producer status to Libya as its crude oil production fell further last month amid lingering supply disruptions, according to a new report by the Organization of the Petroleum Exporting Countries. Nigeria told OPEC that its oil output fell to about 1.23 million barrels per day in October from about 1.25 million bpd in the previous month, the cartel’s latest report released on Wednesday revealed. Libya, which overtook Angola as the second-biggest producer on the continent in December last year, saw its oil production rise to 1.24 million bpd in October from 1.16 million bpd in September, based on direct communication, according to OPEC. OPEC uses secondary sources to monitor its oil output, but also publishes a table of figures submitted by its ...

FG Scraps DPR, PPPRA, PEF, Sacks CEOs, Inaugurates New Agencies

19Oct

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

FG Scraps DPR, PPPRA, PEF, Sacks CEOs, Inaugurates New Agencies

The Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund are all officially scrapped and do not exist anymore, the Federal Government said on Monday. It also said while workers of the three agencies would be protected, their chief executives had been relieved of their various appointments. The Minister of State for Petroleum Resources, Chief Timipre Sylva, stated this while speaking on the side-lines of the inauguration of the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Regulatory Commission in Abuja. He explained that with the passage of the Petroleum Industry Act, the NPRA and NURC had taken over the functions of the DPR, PPPRA and PEF. Responding to...

PMB: Call Him Master Finisher By Femi Adesina

20Aug

By Obiajulu Joel NwoluNo Comments

Agriculture, News, Nigeria, Power

PMB: Call Him Master Finisher By Femi Adesina

The country has been agog this week with fallout from the signing of the long-awaited Petroleum Industry Bill (PIB) into law. That legislation has now become Petroleum Industry Act (PIA). President Muhammadu Buhari has done what Napoleon couldn’t do. Again and again. The Bill had defied Olusegun Obasanjo who introduced it, got the better of Umaru Musa Yar’Adua (God rest his soul), worsted Goodluck Jonathan, but has finally been subdued by Buhari. The man has proven to be adept at concluding things that had long trounced and vanquished many leaders before him. The PIB overwhelmed the first to eighth National Assembly, which couldn’t pass it into law. But through synergy and cooperation between the Executive and the Ninth Assembly, Nigeria now has a law for her cash cow, the oil and ga...

NCL Issues December Deadline For Implementation Of Electricity Tariff Reduction Agreement

6Aug

By Obiajulu Joel NwoluNo Comments

Labour, News, Nigeria, Power

NCL Issues December Deadline For Implementation Of Electricity Tariff Reduction Agreement

The Nigeria Labour Congress, NCL, has demanded that the Federal Government should implement the electricity tariffs reduction agreement by December. The congress in its notice to the government to reduce electricity tariffs by N15 per kilowatt-hour cautioned that it would not accept the serial violations of agreements. The NLC President, Ayuba Wabba, disclosed this in a statement on Thursday titled ‘Gas sale to Gencos should be below $1.50/scf’. He said, “It is significant that the incessant increase of electricity tariff was one of the several issues discussed between the representatives of the Federal Government of Nigeria and organised labour, hereinafter referred to as the principals, on 28th September 2020. “Specifically, an agreement was reached at the meeting to set up a...

Power Generation Dips Below 4,000MW Amid Gas, Transmission Issues

21Jul

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

Power Generation Dips Below 4,000MW Amid Gas, Transmission Issues

As Muslims celebrate Eid-el-Kabir, power generation in Nigeria dipped below the 4,000 megawatts mark on Tuesday. The total generation in the country stood at 3,958.7MW as of 6am on Tuesday, down from 4,270.7MW on Monday, according to data obtained from the Nigerian Electricity System Operator. On Monday, the peak generation stood at 4,611MW, while the lowest generation was 3,732.1MW, the NESO data showed. The total energy generated on Monday was 100,974.45MW, out of which 99,272.98MW was sent out. Although the NESO data did not state the cause of the decline in generation on Tuesday, gas and transmission constraints are the major challenges facing power stations in the country. Eko Electricity Distribution Company, in a goodwill message to its customers celebrating this year...

Atiku Supports Privatisation of Refineries, Other Govt Assets

21Feb

By Obiajulu Joel NwoluNo Comments

Finance, Infrastructure, News, Nigeria, Petroleum, Power

Atiku Supports Privatisation of Refineries, Other Govt Assets

Atiku Abubakar, former Vice President of Nigeria has lent his voice to the Federal Government’s plan to privatise some of its assets. Among the assets to be privatised are the country’s refineries, the International Conference Centre in Abuja, Yola Electricity Distribution Company, Zungeru Hydro Power, Tafawa Belewa Square, among others. It is expected that around N493.4bn will be generated from the sale of the assets which were classified under energy assets, industries and communication department, as well as development institutions and natural resources. The presidential candidate of the Peoples Democratic Party (PDP) in the 2015 presidential election disclosed this in a statement ‘Privatisation of Refineries and Other Assets: Better Late Than Never.’ He urged the Federal G...

FG Expends N50bn Monthly for Electricity Subsidy – Power Minister

17Feb

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

FG Expends N50bn Monthly for Electricity Subsidy – Power Minister

The Federal Government has been expending N50bn monthly for the subsidy of electricity supply across the country, the Minister of Power, Sale Mamman, has said. Mamman said the subsidy was occasioned by the constant complaints by poor Nigerians over the unavoidable and periodic increase in the cost of electricity. He said the Federal Government provided the funds to make up for the shortfall by the power distribution companies who had been unable to meet up with the cost of bulk electricity supplied to them by the generating companies. He went on to note that the subsidy had now decreased by half, but still constituted a serious drain on the nation’s economy following a minor increase in the tariff regime. This was contained in the power minister’s speech while receiving in his ...

Scores Injured as Gas Explosion Hits Rivers Community

24Jan

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

Scores Injured as Gas Explosion Hits Rivers Community

Many people sustained varying degrees of injury while some residents fled as a gas plant exploded in Rumuodomaya community, Obio/Akpo Local Government Area of Rivers State on Saturday night, African News Today has gathered. The incident took place at about 8;45 pm with a loud sound which caused panic among residents of the area with some fleeing their homes in panic. African News Today could not ascertain the cause of the explosion at the time of filing this report. The latest explosion came barely three weeks after a gas leak at a facility operated by the Nigeria Liquefied Natural Gas (NLNG) in Elibrada, Emuoha Local Government Area of the state. Details later…

Minister of Power Directs NERC to Suspend Reviewed Electricity Tariff

8Jan

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

Minister of Power Directs NERC to Suspend Reviewed Electricity Tariff

The minister of power, Saleh Mamman, has asked the Nigerian Electricity Regulatory Commission, NERC, to suspend the implementation of the reviewed electricity tariff. The directive followed the approval by NERC on Tuesday for an increase in electricity tariff across the federation. The minister in a statement issued on Thursday said the tariff review will be suspended until the conclusion of the joint ad hoc committee’s work at the end of January. According to Mamman, the government had initially reduced the tariff of all categories of electricity consumers to help Nigerians cope with the impact of the COVID-19 pandemic. He said, “Government continues to fully subsidise 55% of on-grid consumers in bands D and E and maintain the life line tariff for the poor and underprivileged....