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DisCos Generate ₦509bn Despite Frequent Grid Collapses: NERC

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DisCos Generate ₦509bn Despite Frequent Grid Collapses: NERC

DisCos generate ₦509bn despite frequent grid collapses: NERC. Electricity consumers paid ₦509.84 billion in Q4 2024, even as Nigeria experienced five grid collapses within the period, according to the Nigerian Electricity Regulatory Commission (NERC).

NERC reported three total and two partial grid collapses in Q4, contributing to the 12 outages recorded throughout 2024.

Despite this, revenue collection by electricity distribution companies (DisCos) rose from ₦466.69 billion in Q3 to ₦509.84 billion in Q4, with collection efficiency improving by 2.89 percentage points.

Eko and Ikeja DisCos had the highest collection efficiencies at 90% and 82.3%, respectively, while Jos Disco recorded the lowest at 49.68%.

DisCos Generate

DisCos Generate

NERC attributed the revenue boost to reduced energy offtake and improved metering, noting that over 4,000 Band A customers were metered under the Meter Acquisition Fund (MAF) scheme.

Meanwhile, two partial grid collapses have already occurred in Q1 2025, deepening power supply challenges for consumers.

Economy

Nigeria Have No Business In The World Cup Says Jay-Jay Okocha

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World Cup Says Jay-Jay Okocha

Nigeria Have No Business In The World Cup Says Jay-Jay Okocha

Nigeria have no business in the World Cup says Jay-Jay Okocha. He stated on BBC that Nigeria have no business in the World Cup if they can’t beat Zimbabwe and Lesotho at home.

“If we fail to beat Zimbabwe and Lesotho in our yard, do we have business in the World Cup? No, it’s embarrassing.

South Africa will play all the remaining games in their own land. You see, the 3 points deduction won’t hurt them; they have a big advantage.”

World Cup Says Jay-Jay Okocha

World Cup Says Jay-Jay Okocha

“If we want to qualify, we have to beat them and hope they lose another game.

Yes, if they lose 2 games, maybe we can have a chance, but at the moment, South Africa are in control mode; every team needs to travel to South Africa and take the number one spot from them,” Okocha concluded.

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Economy

Bauchi Governor Bala Urges Traditional Rulers To Support Security, Development

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Bala Mohammed

Bauchi Governor Bala Urges Traditional Rulers To Support Security, Development

Bauchi governor Bala urges traditional rulers to support security, development. He urged traditional leaders to educate their communities on the need for vigilance.

Gov. Bala Mohammed of Bauchi State has called on traditional rulers to support government efforts in tackling insecurity and fostering progress in the state.

Mr Mohammed made the call on Monday when the Emir of Bauchi, Rilwanu Suleiman and his entourage, paid him an homage at the Government House as part of the 2025 Eid-el-Fitr celebration.

Mr Mohammed, represented by his deputy Auwal Jatau, emphasised the vital role of traditional rulers in maintaining law and order.

He acknowledged the recent security challenges, particularly reports of kidnapping and banditry in Bula District, along the border with Plateau State.

He urged traditional leaders to educate their communities on the need for vigilance and cooperation with security agencies in order to combat criminal activities.

“As we strive to invite investors to Bauchi, we cannot afford to let security challenges discourage them.

“I appeal to our traditional rulers to foster mutual respect, peaceful coexistence, and tolerance among their people, regardless of ethnic, religious, or political differences,” he said.

The governor highlighted his administration’s commitment to infrastructural development and social amenities since he assumed office in 2019.
He said that the initiatives have significantly improved the lives of Bauchi residents.

Bala Mohammed

Bala Mohammed

Mt Mohammed reiterated the state government’s dedication to prudent resource management to ensure the continued delivery of democratic dividends.

Responding, the emir pledged his unwavering support to the government’s efforts.

He promised to educate other traditional rulers on the importance of aligning with the administration’s initiatives, particularly in maintaining security and fostering development across the state.

He wished all citizens a peaceful and joyous Eid-el-Fitr celebration.

Mr Suleiman prayed for Almighty Allah’s continued guidance and protection.

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Katsina: APC Chieftain Confident Of Tinubu, Governor Radda’s Re-Election In 2027

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Katsina: APC Chieftain Confident Of Tinubu, Governor Radda’s Re-Election In 2027

APC chieftain confident of Tinubu, Gov Radda’s re-election in 2027. He stated that while APC’s victory was not a “do-or-die” matter, he sincerely prayed for it due to the party’s positive impact.

Abdulaziz Maituraka, an All Progressives Congress (APC) chieftain in Katsina, has declared that the party will form governments at the state and national levels in the 2027 general elections.

Speaking while hosting Katsina’s newly elected council chairman, Isah Miqdad, and his councillors on Monday, Mr Maituraka,  the special adviser to the deputy Senate president, expressed confidence in the re-election of President Bola Tinubu.

He also expressed similar optimism for the re-election of Governor Dikko Radda in the upcoming elections.
He stated that while APC’s victory was not a “do-or-die” matter, it was something he sincerely prayed for due to the party’s positive impact, particularly the recent reduction in food prices under Mr Tinubu’s leadership.

Mr Maituraka dismissed concerns over the defections of some politicians to rival parties, calling it a sign that they were heading into uncertain political terrain.

APC

APC

He urged the council chairman and councillors to focus on serving the people and promoting the party in a peaceful and convincing manner to ensure victory in 2027.

Mr Miqdad, in response, thanked Mr Maituraka for hosting them during the Sallah festivities and assured them that he and his councillors would prioritise the interests of the electorate and the ruling party.

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