Latest News

BEYOND CAPITAL: DG NITDA SAYS AI, REGTECH WILL DEFINE NIGERIA’S BANKING FUTURE

BEYOND CAPITAL: DG NITDA SAYS AI, REGTECH WILL DEFINE NIGERIA’S BANKING FUTURE AJAGBE ADEYEMI TESLIM SPONSORED BY: H&H The Director General of the National Information Technology...

News2 months ago

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...

News2 months ago

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...

News2 months ago

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...

Sports2 months ago

5th Cycling Lagos: Organizers Begin Online Registration for Cyclists Ahead of September 12 Grand Finale

5th Cycling Lagos: Organizers Begin Online Registration for Cyclists Ahead of September 12 Grand Finale AJAGBE ADEYEMI TESLIM SPONSORED BY: H&H The organizers of the...

Business2 months ago

Access Bank UK Polo Day Drives Global Support for Education of Vulnerable Children

Access Bank UK Polo Day Drives Global Support for Education of Vulnerable Children For many children, the biggest barrier to success is not talent; it is...

News2 months ago

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...

OIL AND GAS2 months ago

NCDMB Rewards Engineering Excellence, As Modibbo University Wins N50m at Engineering Olympiad

NCDMB Rewards Engineering Excellence, As Modibbo University Wins N50m at Engineering Olympiad AJAGBE ADEYEMI TESLIM SPONSORED BY: H&H The Nigerian Content Development and Monitoring Board (NCDMB)...

Technology2 months ago

FIRST LADY COMMISSIONS IT ACADEMY, CLINIC, OTHER PROJECTS IN HADEJIA

FIRST LADY COMMISSIONS IT ACADEMY, CLINIC, OTHER PROJECTS IN HADEJIA Nigeria’s First Lady, Senator Oluremi Tinubu, on Monday commissioned the President Bola Ahmed Tinubu Academy, alongside...

Uncategorized2 months ago

August24NEWS

BEYOND CAPITAL: DG NITDA SAYS AI, REGTECH WILL DEFINE NIGERIA’S BANKING FUTURE

Chima Akwaja NASENI Reaffirms Commitment On Research Commercialisation

Tegbe Outlines Action Plan at Q2 NESI Stakeholders Meeting

5th Cycling Lagos: Organizers Begin Online Registration for Cyclists Ahead of September 12 Grand Finale

Access Bank UK Polo Day Drives Global Support for Education of Vulnerable Children

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

NCDMB Rewards Engineering Excellence, As Modibbo University Wins N50m at Engineering Olympiad

FIRST LADY COMMISSIONS IT ACADEMY, CLINIC, OTHER PROJECTS IN HADEJIA

FIRST LADY COMMISSIONS IT ACADEMY, CLINIC, OTHER PROJECTS IN HADEJIA

US-Israeli War on Iran (4): Wetin be Nigeria’s Own?, by Hassan Gimba

Education Key to Successful AI Adoption in Nigeria, Says Mogaji

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

OGUN MILPOPROOF CELEBRATES NDLEA COUNTERPART ON HIS AWARD OF OUTSTANDING PERFORMANCE

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

Unlocking the Nigerian Startup Act: NITDA Calls for Seamless Inter-Agency Execution to Drive Innovation

CP OJAJUNI HOSTS NAFDAC OFFICIALS, REAFFIRMS SUPPORT FOR PUBLIC HEALTH AND LIQUOR LAW ENFORCEMENT

Court Rejects Ahmed Tajudeen Ajiran’s Bail Application, Nigerians Ask, “Where Is He?”

MENXTT TECH NG Helps More Nigerians Own Reliable Dell Laptops with Affordable Prices and Flexible Payment Plans

ORAN Raises Alarm Over Exploitation of Nigerian Media Owners by Consultants, Calls for Direct Corporate Engagement

16th Autism Conference and Free Consultation Themed “Acceptance in Action: From Family to Classroom to Workplace to Public Spaces”

Aremu Bows Out as Acting VC, Achievers University Pays Tribute

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