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SUPERNEWS @10 Expert Seeks Stronger Oil, Insurance Alliance to Deepen Local Content

SUPERNEWS @10 Expert Seeks Stronger Oil, Insurance Alliance to Deepen Local Content Okeahialam Urges Digital Transformation, Local Insurance Capacity for Inclusive Growth Stakeholders Push...

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PufferPay CEO, Emmanuel Ovaga, to Keynote Business Journal Fintech & Financial Inclusion Roundtable 2026

PufferPay CEO, Emmanuel Ovaga, to Keynote Business Journal Fintech & Financial Inclusion Roundtable 2026 AJAGBE ADEYEMI TESLIM SPONSORED BY: H&H Mr. Emmanuel Ovaga, the Chief...

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NiMet Trains Agricultural Extension Professionals on Climate Risk Management

NiMet Trains Agricultural Extension Professionals on Climate Risk Management AJAGBE ADEYEMI TESLIM SPONSORED BY: H&H The Nigerian Meteorological Agency (NiMet) and the International Livestock Research Institute...

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Chams founder Demola Aladekomo to chair QEDNG Creative Powerhouse Summit 2.0

Chams founder Demola Aladekomo to chair QEDNG Creative Powerhouse Summit 2.0 AJAGBE ADEYEMI TESLIM SPONSORED BY: H&H Technology entrepreneur and founder of Chams Holding Company Plc, Sir...

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Chima Akwaja NASENI Reaffirms Commitment On Research Commercialisation

NASENI Reaffirms Commitment On Research Commercialisation AJAGBE ADEYEMI TESLIM SPONSORED BY: H&H The National Agency for Science and Engineering Infrastructure (NASENI) has reaffirmed its commitment...

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Tegbe Outlines Action Plan at Q2 NESI Stakeholders Meeting

Tegbe Outlines Action Plan at Q2 NESI Stakeholders Meeting Minister calls for shared accountability, transparency and protection of power assets AJAGBE ADEYEMI TESLIM SPONSORED BY: H&H...

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Tegbe Outlines Action Plan at Q2 NESI Stakeholders Meeting Minister calls for shared accountability, transparency and protection of power assets Honourable Minister of Power, Mr Joseph Tegbe, has outlined his Ministerial Action Plan for the stabilization and growth of Nigeria’s electricity sector, speaking at the second quarterly Nigerian Electricity Supply Industry (NESI) Stakeholders Meeting recently convened by the Nigerian Electricity Regulatory Commission (NERC) in Abuja. The forum, which was Chaired by the Chairman of NERC, Dr Musiliu Oseni, featured power sector stakeholders including operators, regulators and policy actors and had in attendance the Special Adviser to the President on Power, Mr Rilwan Lanre Babalola, and the Permanent Secretary of the Ministry of Power, Alh Mahmud Mamman. Delivering the keynote address, the Minister framed his plans around a core conviction that Nigeria’s electricity crisis demands collective ownership across the entire value chain. “Nigeria’s power crisis was not built by one hand, and it will not be fixed by one hand,” he said, calling on GenCos, DisCos, TCN, NISO, regulators, and government to accept shared responsibility for both the depth of the problem and the discipline of the solution. On infrastructure, Tegbe called for power assets to be formally designated and treated as Critical National Assets, describing vandalism, grid sabotage, and energy theft as economic warfare against ordinary Nigerian households. He added that securing existing assets must run concurrently with optimizing their output, with transmission weak points, spinning reserves, and priority substation relays all being actively addressed to improve near-term grid reliability. Turning to metering and tariffs, the Minister argued that estimated billing had for too long penalized poor Nigerians while masking systemic losses. His ministry is working with stakeholders to accelerate metering rollout and reduce ATC&C losses, alongside developing a sustainable tariff transition pathway designed to protect the most vulnerable consumers from cost shocks while offering investors the long-term predictability that serious capital commitment demands. On market governance, Tegbe stressed that tariff reform could only hold if payment compliance was enforced across the board. He called specifically for transparent Derived Remittance Obligation calculations, arguing that trust in the electricity market could not rest on opaque arithmetic. “Trust in the market begins with trust in the numbers,” he said. The Minister further announced that his ministry is working toward the public publication of KPIs and performance scorecards for GenCos and DisCos, making both excellence and underperformance visible to the Nigerian public.. Closing his address, the Minister anchored his personal commitment to three principles: transparency, with no hidden agendas; speed, through dismantling bureaucratic bottlenecks; and accountability, with consequences for those who undermine the sector. “Reform is not a promise deferred,” he said. “It is a discipline being executed, every day.” The 2nd NESI Stakeholders Meeting of 2026 was convened by the Nigerian Electricity Regulatory Commission (NERC) in Abuja on Monday, 29 June 2026.

Tegbe Outlines Action Plan at Q2 NESI Stakeholders Meeting AJAGBE ADEYEMI TESLIM SPONSORED BY: H&H Honourable Minister of Power, Mr Joseph Tegbe, has outlined...

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Lagos Govt, Abuja Chamber share perspectives on economic recovery at WorldStage Business Forum Q2 2026

Lagos Govt, Abuja Chamber share perspectives on economic recovery at WorldStage Business Forum Q2 2026 AJAGBE ADEYEMI TESLIM SPONSORED BY: H&H Lagos...

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NiMet Concludes Strategic Plan 2026-2030 Cascade

NiMet Concludes Strategic Plan 2026-2030 Cascade AJAGBE ADEYEMI TESLIM SPONSORED BY: H&H Following the launch of Strategy 2026-2030 on 16th March 2026, the Nigerian Meteorological...

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NCC Chief, Aminu Maida, is Special Guest of Honour at Business Journal Fintech & Financial Inclusion Roundtable 2026

NCC Chief, Aminu Maida, is Special Guest of Honour at Business Journal Fintech & Financial Inclusion Roundtable 2026 AJAGBE ADEYEMI TESLIM SPONSORED BY: H&H Dr. Aminu...

August24NEWS

SUPERNEWS @10 Expert Seeks Stronger Oil, Insurance Alliance to Deepen Local Content

PufferPay CEO, Emmanuel Ovaga, to Keynote Business Journal Fintech & Financial Inclusion Roundtable 2026

NiMet Trains Agricultural Extension Professionals on Climate Risk Management

Chams founder Demola Aladekomo to chair QEDNG Creative Powerhouse Summit 2.0

Chima Akwaja NASENI Reaffirms Commitment On Research Commercialisation

Tegbe Outlines Action Plan at Q2 NESI Stakeholders Meeting

Lagos Govt, Abuja Chamber share perspectives on economic recovery at WorldStage Business Forum Q2 2026

NiMet Concludes Strategic Plan 2026-2030 Cascade

NCC Chief, Aminu Maida, is Special Guest of Honour at Business Journal Fintech & Financial Inclusion Roundtable 2026

GITEX NIGERIA launches MINT AFRICA by GITEX as Lagos stakes its claim on the future of finance

GITEX NIGERIA inauguration in Lagos sets West Africa’s digital future in motion

MINISTER VOWS TO STOP N120B ANNUAL ENERGY THEFT ALONG IKORODU-SAGAMU CORRIDOR

Oborevwori Urges Army To Site 83 Division Hqrs In Delta

Dying for the Story: Nigeria’s Journalists, One Death Too Many and the Families Left Behind

LAGOS ASSEMBLY HOST THE 7TH CHILDREN’S PARLIAMENT, INTRODUCE YOUNG LEGISLATORS TO PLENARY PROCEEDINGS

DangoteRefineryImpact: Nigerians recount ‘dark days’ of long fuel queues

NiMet Achieves ISO 9001: 2015 Certification for Aeronautical Meteorological Services at Yola, Osubi and Owerri Airports

CP BODE OJAJUNI RECEIVES NATIONAL ASSOCIATION OF NIGERIAN STUDENTS AND AFENIFERE NATIONAL YOUTH COUNCIL DELEGATIONS, STRENGTHENS COLLABORATION ON CAMPUS SAFETY, YOUTH ENGAGEMENT AND CRIME PREVENTION

CP BODE OJAJUNI RECEIVES SPOKESPERSONS OF SECURITY AGENCIES IN OGUN STATE, REAFFIRMS INTER-AGENCY SYNERGY

Sanwo-Olu, Lai Mohammed, Gbenga Daniel to discuss 2027 elections, insecurity at 7th Freedom Online lecture

OGUN POLICE BUST ILLEGAL ‘BABY FACTORY’ IN MOWE, RESCUE TWO PREGNANT WOMEN AND FOUR CHILDREN, ARREST SIX SUSPECTS

NITDA Partners with Canadian Tech Firms Goose FL and Fireflies AI to Drive AI and Financial Inclusion Or