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NERC Frowns At Int’l Offtakers’ Non-Remittance As DisCos Owe N82bn

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By Lateef Taiwo

The Nigerian Electricity Regulatory Commission, NERC, has disclosed that virtually all the eight international offtakers of the country’s electricity failed to remit any money to offset the cumulative US$16.11 billion invoice issued to them in quarter 1, Q1, of 2023.

Revealing this in its 2023/Q1 report, the Commission, under the theme: “Remittance by Special and Cross-border Customers”, said out of ₦842.38 million invoice issued by the Market Operator, MO, within the period, to all the eight (8) bilateral customers in the Nigerian Electricity Supply Industry,NESI, only North South/Star Pipe which made a remittance of ₦15.38 million against its invoice of ₦24.69 million.

Others mentioned in the report include ParasSBEE ($3.46 million), Transcorp-SBEE ($3.85 million), MainstreamNIGELEC ($5.48 million) and Odukpani-CEET ($3.32 million).

It noted that the non-remittance
by bilateral consumers has continued even as the ugly trend was also highlighted in past quarterly reports, urging the MO to invoke the provision of the market rules to curtail the payment indiscipline being exhibited by the various market participants.

On the DisCos’ side, the report said, “In 2023/Q1, the cumulative upstream invoice payable by DisCos was ₦252.92 billion, consisting of ₦209.26 billion
for generation costs from NBET and ₦43.66 billion for transmission and
administrative services by the Market Operator. Out of this amount,
the DisCos collectively remitted a total sum of ₦170.59 billion (₦141.51
billion for NBET and ₦29.04 billion for MO) with an outstanding balance of ₦82.33 billion.

“This translates to a remittance performance of 67.43%
in 2023/Q1 compared to the 78.69% recorded in 2022/Q4.
Relative to 2022/Q4, the cumulative DisCo under-remittance to the market
increased by ₦11.19 billion which translated to a -6.16 pp reduction in
the remittance performance in 2023/Q1.”

This development may not be unconnected, at least in part, with the decline in the DisCos’ collection efficiency and the increase in their Aggregate Technical, Commercial and Collection (ATC&C) Loss during the period under review.

NERC observed that the total revenue collected by all DisCos in
2023/Q1 was ₦247.09 billion out of ₦359.38 billion billed to
customers, corresponding to a collection efficiency of 68.75% which
represents a decline of 4.58 pp when compared to the 73.33% in 2022/Q4.
This marks the first time in the last five (5) quarters where DisCos
cumulatively recorded a reduction in their quarter-on-quarter collection
efficiency.
Relative to 2022/Q4, the improvement recorded in the total billing
₦27.10 billion (8.15%) does not correspond to the improvement recorded in total collections ₦3.44 billion (1.41%). This resulted in the decline in
collection efficiency recorded in the quarter. With increased collections
representing 17.30% of increased billing, collection efficiency is bound to
reduce. This puts an impetus on the DisCos to employ technologies and
operational procedures that will increase both billing and collection
performances to forestall long-term financial challenges.

The loss incurred courtesy of ATC&C, which provides a consolidated report of how much revenue a DisCo is
able to collect relative to how much it should have collected based on the
volume of energy it received (and sold to customers, was 46.39% comprising – technical and commercial loss (22.03%) and collection loss of 31.25% in 2023/Q1, giving an increase of 2.24 pp compared to the 44.15% in 2022/Q4.

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“Nigeria’s Biggest Ever Coalition, Civil Groups, Professionals, Labour, Artisans, Declare for Bola Tinubu”

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In what is being described as an unprecedented political development ahead of the 2027 general elections, a broad-based national coalition cutting across civil society organisations, professional bodies, labour groups, artisan associations, and other grassroots networks has announced plans to formally endorse President Bola Ahmed Tinubu for a second term in office.

The coalition, spearheaded by the Coalition of Civil Society Organisations in Nigeria, COCSON, now extends far beyond the traditional civic space, bringing together over 1,500 groups from diverse sectors of the Nigerian society. Participants include human rights organisations, medical and legal professionals, trade and artisan unions, community-based organisations, and influential labour leaders, reflecting a wide national spread and multi-sectoral backing.

The historic convention is scheduled to hold on May 17, 2026, where leaders and representatives of the various groups are expected to converge in what organisers say will be the largest endorsement gathering in Nigeria’s history. The event will serve as the official platform for the coalition to collectively declare support for President Tinubu’s re-election bid.

In a major demonstration of grassroots mobilisation, the coalition also revealed plans to submit a compiled total of 20 million signatures of Nigerians who have endorsed the President’s candidacy. The signatures, gathered through extensive nationwide engagement, are being positioned as a clear indication of public support cutting across regions, professions, and social strata.

Organisers of the event stated that the decision to back President Tinubu is driven by what they described as tangible strides in economic reforms, governance, and national stability. They emphasised that the inclusion of non-traditional actors such as artisans, market groups, and labour unions underscores a broader national consensus that transcends the usual civil society framework.

Political analysts say the scale and diversity of this coalition mark a significant shift in Nigeria’s political landscape, where support structures are no longer confined to political parties and elite stakeholders but are increasingly driven by a fusion of grassroots and professional constituencies.

As momentum builds towards the May 17 convention, observers are keenly watching how this expansive alliance will shape political narratives and influence voter sentiment in the lead-up to the 2027 elections.

Further details on the convention and breakdown of participating groups are expected to be unveiled in the coming days.

In what is being described as an unprecedented political development ahead of the 2027 general elections, a broad-based national coalition cutting across civil society organisations, professional bodies, labour groups, artisan associations, and other grassroots networks has announced plans to formally endorse President Bola Ahmed Tinubu for a second term in office.

The coalition, spearheaded by the Coalition of Civil Society Organisations in Nigeria, COCSON, now extends far beyond the traditional civic space, bringing together over 1,500 groups from diverse sectors of the Nigerian society. Participants include human rights organisations, medical and legal professionals, trade and artisan unions, community-based organisations, and influential labour leaders, reflecting a wide national spread and multi-sectoral backing.

The historic convention is scheduled to hold on May 17, 2026, where leaders and representatives of the various groups are expected to converge in what organisers say will be the largest endorsement gathering in Nigeria’s history. The event will serve as the official platform for the coalition to collectively declare support for President Tinubu’s re-election bid.

In a major demonstration of grassroots mobilisation, the coalition also revealed plans to submit a compiled total of 20 million signatures of Nigerians who have endorsed the President’s candidacy. The signatures, gathered through extensive nationwide engagement, are being positioned as a clear indication of public support cutting across regions, professions, and social strata.

Organisers of the event stated that the decision to back President Tinubu is driven by what they described as tangible strides in economic reforms, governance, and national stability. They emphasised that the inclusion of non-traditional actors such as artisans, market groups, and labour unions underscores a broader national consensus that transcends the usual civil society framework.

Political analysts say the scale and diversity of this coalition mark a significant shift in Nigeria’s political landscape, where support structures are no longer confined to political parties and elite stakeholders but are increasingly driven by a fusion of grassroots and professional constituencies.

As momentum builds towards the May 17 convention, observers are keenly watching how this expansive alliance will shape political narratives and influence voter sentiment in the lead-up to the 2027 elections.

Further details on the convention and breakdown of participating groups are expected to be unveiled in the coming days.

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How ISWAP killed Army Col. Six others in Borno.

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☆☆☆As Troops Foil Series of Ambushes.

Troops of the Nigerian Army under operation Hadin Kai have foiled a series of ambush by suspected members of the Islamic State West Africa Province (I SWAP) terrorist along the Monguno in Borno state.

Islamic state of West Africa province (ISWAP) have attacked the Nigerian army from Monguno 242 Battion Barrack in Borno State on their way to reinforce the camp.

A serving Nigerian Army Colonel was  reportedly  killed in an ambush by  insurgents in Monguno, Borno State, during a reinforcement mission

Source added said that colonel I.A. Muhammad was ambushed by ISWAP and killed along with four other soldiers.

Community confirmed that the troops who were on a fighting patrol as part of operation,came under fire from suspected terrorists 

As of the time of felling this report, there has been no official statements from the Nigerian Army regarding the accident.

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Dogara Felicitates Dangote at 69, Applauds His Enduring Impact on Africa

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Hon. Yakubu Dogara, former Speaker of the House of Representatives and Chairman of the Credit Guarantee Company Limited (NCGC), has joined Nigerians and the global business community in celebrating Alhaji Aliko Dangote on his 69th birthday. In a detailed tribute, Dogara described Dangote as “a visionary whose life’s work has become a cornerstone of Africa’s economic transformation.”

Dogara emphasized that Dangote’s entrepreneurial journey is one of resilience and foresight. From humble beginnings, he built the Dangote Group into Africa’s largest conglomerate, with investments spanning cement, sugar, salt, fertilizers, and the landmark Dangote Refinery. These ventures, Dogara noted, have not only revolutionized industries but also created millions of jobs, strengthened Nigeria’s economy, and reduced dependence on imports. “Alhaji Dangote is not just an entrepreneur; he is a nation-builder whose vision has redefined what is possible for Nigeria and Africa,” Dogara said.

He pointed out that the Dangote Refinery, in particular, represents a turning point in Nigeria’s energy sector, offering the promise of self-sufficiency in petroleum products and positioning the country as a major player in global energy markets. “This singular achievement underscores his commitment to solving Africa’s most pressing challenges through bold and innovative solutions,” Dogara remarked.

Beyond his industrial empire, Dogara praised Dangote’s philanthropy through the Dangote Foundation, which has invested heavily in healthcare, education, and humanitarian relief. From building hospitals and funding scholarships to providing aid during crises, Dangote’s generosity has touched countless lives across the continent. “His philanthropy reflects a deep commitment to humanity. He has shown that true greatness lies not only in building industries but also in uplifting lives,” Dogara added.

Dogara also reflected on the inspirational power of Dangote’s story, stressing that his rise from modest beginnings to global prominence serves as a beacon of hope for young Africans. “His journey proves that with hard work, faith, and determination, Africans can build enterprises that rival the best in the world. He remains a shining example of African excellence,” he concluded.

As Dangote celebrates his 69th birthday, his legacy continues to resonate far beyond Nigeria’s borders. His life stands as a testament to the transformative power of vision, enterprise, and compassion—an enduring reminder that Africa’s future can be defined by innovation, resilience, and generosity

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