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Power Minister, Adelabu promises FG will reduce cost of electricity

The Minister of Power, Chief Adebayo Adelabu, has assured Nigerians of a reduction in the cost of electricity, with the current effort to step up generation and distribution of power in the country.
He gave the assurance on Thursday during a meeting with the Executive Secretary of the National Lottery Trust Fund, Tosin Adeyanju, who led the management team of the agency to pay a courtesy call on the minister at the headquarters of the ministry in Abuja.
Adelabu who noted that the price of electricity is still the cheapest in Nigeria, compared to other African countries such as Togo, Mali, and Niger Republic, however said the low level of income in Nigeria makes the cost look high to consumers.
The minister stated that it is cheaper to use electricity than to run generators, using petrol or diesel, going by the current prices of the commodities.
Adelabu further expressed the readiness of the ministry and its relevant agencies to collaborate and work with the Trust Fund to achieve the objective, adding that the renewable power project of the ministry was established to address the areas of the country that the grid does not cover.
He said, “We will be very happy to work and partner with you on this project. We have agencies that are driving this renewable power project, using solar, wind and other alternative sources of power supply where the grid cannot reach. Such agency is our Rural Electricity Agency (REA) and they will be of great value to you in this project.
“All over the world today, we are faced with two basic issues and these are food and energy securities. We can see that the cost of gas is going up globally due partly to the war between Russia and Ukraine.
“However, we must be committed to providing electricity to our rural people, particularly the youths. We can see that even those of them who have learnt skills have abandoned those skills and are now riding Okada for quick money.
“President Tinubu is committed to the transformation of Nigeria and youths and rural development are of his great concern. If Nigerians are patience, they will realise that the government means well for them.
“We are happy with this effort and will be very willing to work and collaborate with you to achieve it.”
On his part, Adeyanju lauded Adelabu for his performance, competence, and capacity since his assumption of office about a year ago, and for restoring the confidence of Nigerians in the power sector.
“We have come to you to seek a partnership with you on how we can train our rural people, particularly the youths, on how they can assemble one kilowatt of solar energy. This will help a long way in addressing youth restiveness by creating employment for them, particularly those who have acquired skills such as hairdressing, vulcanizing, and welding, among others.
“This is part of our effort to help President Tinubu achieve his aim of addressing the challenges of unemployment among the rural people and the youths in general.
“We want to carry this out in all the local government areas of the country and since we have seen your commitment in this area of power supply, we have decided to approach your ministry for partnership to achieve this”, he said.
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SAD! Popular Broadcast Journalist Bukola Agbakaizu Slumps, Dies Before Afternoon Shift

The Ogun State media industry was plunged into mourning on Monday following the sudden death of veteran broadcast journalist, Mrs. Bukola Agbakaizu, a longtime staff member of Ogun State Television (OGTV).
Agbakaizu, aged 52, reportedly collapsed while preparing for her afternoon shift at the OGTV studios in Abeokuta. Despite immediate efforts to revive her, she was pronounced dead upon arrival at the Federal Medical Centre, Abeokuta.
Her passing was officially confirmed on Tuesday night in a statement issued by the Secretary of the Nigeria Union of Journalists (NUJ), Ogun State Council, Mr. Bunmi Adigun.
“Bukola Agbakaizu, a dedicated staff member of OGTV, tragically slumped while preparing for her shift. She was rushed to the hospital but could not be saved,” Adigun stated.
He described her as a passionate and highly respected journalist who had previously served as Vice Chairman of the OGTV Chapel and was a valued member of the Wale Olanrewaju-led executive of the NUJ Ogun State Council.
“She was a vibrant and committed media professional. Her death leaves a painful void in our community,” Adigun added.
Agbakaizu also served as an ex-officio member of the NUJ Ogun State Council. She is survived by her two children, her elderly mother, colleagues, and a wide circle of friends in the journalism community.
The Nigeria Association of Women Journalists (NAWOJ), Ogun State Chapter, also expressed profound sorrow over her untimely demise, noting her contributions to the advancement of women in journalism.
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Just in: NNPC Cuts Petrol Price Amid Competitive Moves with Dangote Refinery

By Kayode Sanni-Arewa
The Nigerian National Petroleum Company (NNPC) Limited has announced a reduction in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, at its retail outlets in the Federal Capital Territory (FCT), Abuja.
According to a report by The Cable, the petrol price at the NNPC station in Wuse Zone 3, Abuja, was cut from ₦935 per litre to ₦910, signaling a slight relief for consumers in the nation’s capital.
However, the new pricing has not yet extended to Lagos, where petrol prices at NNPC retail outlets remain unchanged. This discrepancy has sparked renewed concerns over regional price variations in Nigeria’s downstream oil market.
The latest adjustment comes in the wake of an intensifying price contest between NNPC and the privately-owned Dangote Refinery. Just days earlier, on May 12, the Dangote Refinery lowered its ex-depot petrol price to ₦825 per litre, a strategic move aimed at capturing a larger share of the domestic fuel market.
The price reduction appears to be an outcome of recent high-level discussions between NNPC’s Group Chief Executive Officer (GCEO), Bayo Ojulari, and Dangote Refinery’s founder, Aliko Dangote. The meeting, held on May 9, reportedly sought to realign the relationship between the two entities and promote collaboration rather than rivalry.
Speaking after the meeting, Dangote stated, “There is no competition between us; we are not here to compete with NNPC Ltd. NNPC is part and parcel of our business, and we are also part of NNPC. This is an era of cooperation between the two organisations.”
Ojulari echoed this position during a press briefing on May 12, attributing the petrol price reduction to the recent procurement of fuel at lower international prices. He explained that the earlier surge in pump prices was due to existing stock purchased by marketers at higher rates.
“This downward price adjustment reflects our effort to respond to changing supply conditions and deliver better value to Nigerians,” Ojulari said, while also noting that more adjustments may occur as the market stabilizes.
Industry observers view the ongoing price adjustments as an early indicator of growing competition in Nigeria’s petroleum sector, especially with the Dangote Refinery ramping up its operations. Analysts believe that sustained collaboration between both players could enhance supply efficiency and potentially ease the burden of fuel costs for consumers nationwide.
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BUNKERING: Army, Tantita Security Arrest Truck Laden with Illegally Extracted Crude Oil in Delta

A joint team comprising officers of the 181 Battalion, Nigerian Army, Oleh, and personnel from Tantita Security Services Nigeria Ltd. has arrested a vacuum truck involved in illegal crude oil extraction at Well 3, Olomoro, in Isoko South Local Government Area of Delta State.
According to reports, the truck, which previously belonged to Engr. Daniel Omoyibo, also known as Damotech, was gifted to the driver, Mr. Matthew Ojomikre, who is currently being detained at the Forward Operating Base (FOB), 181 Battalion, Oleh.
Upon interrogation, the driver confessed that his company had been contracted by Heritage Energy Operational Services Ltd. to evacuate sludge from Well 3, Olomoro. However, he was unable to provide any formal approvals or documentation authorizing the activity, as was previously the norm.
Until recently, Heritage Energy Operational Services Ltd. had consistently provided crude and condensate trucking permits to officers of the Nigerian Army and Tantita Security Services Nigeria Ltd. for proper monitoring from the loading point to the discharge location.
Officers of Tantita Security Services, in collaboration with a team from Heritage and the Nigerian Army, have collected samples from the vacuum truck for laboratory testing and analysis.
The preliminary confessional statement from the driver indicates that he illegally collected crude oil from Well 3 under the pretense of evacuating sludge from the wellheads.
Authorities have reported that the same truck has previously been involved in unauthorized crude oil evacuations within the Isoko axis.
The driver, the truck, and its contents remain in custody at the 181 Battalion Base in Oleh for further interrogation and possible prosecution.
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