Connect with us

News

Benin, Togo owe Nigeria $5.7m electricity debt — NERC

Published

on

International bilateral electricity customers in Benin Republic and Togo owe Nigeria $5.79m for the energy consumed in the second quarter of 2024.

The Nigerian Electricity Regulatory Commission revealed this in their latest second-quarter 2024 report analysed by our correspondent on Sunday.

Out of the $15.60m invoice issued by the market operator between April and June, the international customers remitted $9.81m.

The foreign companies off-taking power from Nigeria are Para-SBEE in Benin Republic ($1.23m), Transcorp-SBEE in Benin, Mainstream-NIGELEC in Togo ($1.09m), and Odukpani-CEET in Togo ($3.47m).

Advertisement

Para-SBEE in Benin Republic remitted 71.21 per cent of the $4.29m billed, Transcorp-SBEE in Benin remitted 100 per cent of the $4.25m it was billed; Mainstream-NIGELEC in Togo paid 69.72 of $3.59m, and Odukpani-CEET did not remit anything during the period.

In the first quarter, The PUNCH reported that none of the four international bilateral customers being supplied by the power generation companies made payments against the cumulative invoice of $14.19m issued by the market operator for services rendered.

In the Q2 report, it was noted that some bilateral customers (both domestic and international customers) made payments for outstanding invoices from previous quarters.

“Cumulatively, the international bilateral customers paid a total of $16.65m; Transcorp-SBEE and Mainstream-NIGELEC have made payments towards all outstanding invoices from previous quarters,” the report disclosed.

Advertisement

It added, “The four international bilateral customers being supplied by Gencos in the NESI made a payment of $9.81m against the cumulative invoice of $15.60m issued by the MO for services rendered in 2024/Q2, translating to a remittance performance of 62.88 per cent.”

The NERC noted that the domestic bilateral customers made a payment of N1.30bn against the cumulative invoice of N1.99bn issued to them by the MO for services rendered in 2024/Q2 translating to 65.07 per cent remittance performance.

The market operator received N1.30bn from domestic bilateral customers towards outstanding invoices from previous quarters.

Mainstream Energy Solutions was said to have made payments towards all outstanding invoices from previous quarters.

Advertisement

On electricity subsidy, it was disclosed that between 2024/Q1 and 2024/Q2, the Federal Government’s subsidy obligation was reduced by N253.24bn from N633.30bn (90.57 per cent of the total Genco invoice) to N380.06bn (52.51 per cent of the total Genco invoice).

“The significant decrease in the subsidy obligation of the Federal Government is a result of the policy directive of the government to implement reviews of tariffs charged to Band A customers while the tariffs for Band B-E customers remain frozen at the rates payable since December 2022,” it was explained.

The commission revealed that the total revenue collected by all Discos in 2024/Q2 was N431.16bn out of the N543.64bn that was billed to customers. This translates to a collection efficiency of 79.31 per cent.

In comparison, the total revenue collected by all Discos in 2024/Q1 was N291.62bn out of the N368.65bn billed to customers which translated to a 79.11 per cent collection efficiency. The 79.31 per cent collection efficiency recorded in 2024/Q2 is 0.20pp higher than the collection efficiency recorded in 2024/Q1.

Advertisement

Ikeja and Eko Discos reportedly recorded the highest collection efficiencies of 94.67 per cent and 88.03 per cent respectively. Conversely, Yola Disco recorded the lowest collection efficiency of 55.67 per cent.

Credit: PUNCH

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

FG announces April deadline for completion of East-West Road

Published

on

By

The Federal Government has directed the contractor handling the Eleme section of the East-West Road to expedite drainage work to meet the April deadline for completion.

The Minister of Works, David Umahi, issued the directive during an inspection of the ongoing 15km road upgrade from Eleme Junction to Onne in Eleme Local Government Area of Rivers State.

While commending Reynolds Construction Company Nigeria Limited for the quality of work done, Umahi insisted that the drainage must be prioritised to ensure timely completion.

“RCC has done very well. The work completed in the past two months is more than what was done since the project started. However, the project slowed down significantly when the site manager went on leave. I’m happy to see him back and satisfied with the quality of work RCC is delivering,” Umahi stated.

Advertisement

He emphasised the need to test existing road shoulders before excavation, warning against unnecessary digging for financial gains.

“The existing shoulder has to be tested throughout. I don’t want them digging up areas filled with sharp sand and stone base just to increase costs. If they don’t test it and request approval for any section they dig, they won’t get paid,” he warned.

Umahi also observed that drainage construction had either stopped or slowed significantly, urging the contractor to redesign and precast drainage systems for quicker installation, even during the rainy season.

“I’m happy with the project’s progress, and I believe they will complete the carriageway by the end of April. However, if drainage work is not completed, the project remains unfinished. They must accelerate drainage work to ensure we clear this carriageway by April,” he stated.

Advertisement

The minister further directed that any section of the road that has remained untouched for 21 days after concrete casting should be opened to commuters to ease traffic congestion.

“Anywhere that has stayed 21 days since concrete was cast should be opened to road users, starting today. This concrete technology will ensure the road lasts between 50 and 100 years without maintenance or reconstruction. It is a signature project of President Bola Tinubu,” he added.

Umahi also inspected the rehabilitation of the Enugu-Port Harcourt dual carriageway, Section IV (Aba–Port Harcourt), which is being handled by the Chinese Construction Engineering Company.

Advertisement
Continue Reading

News

Reasons behind extreme heat conditions in FCT, Niger, Kogi – NiMet

Published

on

By

The Nigerian Meteorological Agency (NiMet) has given reasons for the high temperatures residents of the Federal Capital Territory (FCT), Niger, Kogi and few other states are currently experiencing.

The current maximum temperature in the listed states is 40°C and the minimum is 23°C.

The Seasonal Climate Prediction (SCP) released last month by the agency shows that most of the northern and central states would record day-time temperatures ranging between 37°C and 40°C, while parts of Kano, Kaduna, Bauchi, and Plateau states in the North as well as Oyo, Osun, Ogun, Ekiti, Edo, Enugu, Anambra, Ebonyi, Imo, Abia, part of Cross River and Delta states in the South are expected to record temperatures ranging between 34°C and 37°C this month.

The agency attributed the high temperatures to climate change and advised Nigerians to embrace a lifestyle switch.

Advertisement

Residents of the states experiencing high temperatures are advised to avoid exposure to direct sunlight between noon and 3 p.m.

There are also indications that this year may be hotter than last year, which was described as the hottest year.

NiMet’s Director of Weather Services, Prof. Vincent Weli, announced this while speaking on phone with The Nation yesterday. He said: “Everything is embedded in the climate change theory. Every experience we are having now is a result of climate change. The hotness, in general, is because of climate change.

“Abuja, Lokoja, and Minna are located within the same ecological zone and these towns share the same weather pattern. Whatever happens to Lokoja will affect Minna and Abuja because they are in the same route of the flow of wind and also lie within the same climatic zone. Also, these towns have the same vegetation pattern.

Advertisement

“So, since they are within the same climatic belt, everything that affects Minna and the FCT will affect Lokoja accordingly. The heat is affecting everywhere, not just these towns mentioned. We said last year was the hottest in the history of the earth but this year already is trying to beat it to become the hottest.

“So, as the year increases, it’s obvious that we are going to have higher temperatures. I don’t know where we are headed with this trend, but something needs to be done to reverse the trend.”

To make the best of the situation, Prof. Weli said: “What can reverse the trend is for us to encourage every activity of man that will reduce the emission of carbon dioxide into the atmosphere, such as the use of electric cars, solar power and planting of trees.

“These will be other sources of energy other than the use of diesel and petrol and other hydrocarbon compounds that we use as sources of power. Also, we should plant more trees to reduce carbon dioxide in the atmosphere. The more we plant trees, the more we reduce carbon dioxide in the atmosphere and the more we increase the oxygen.”

Advertisement

The NiMet director urged residents of the affected states with high temperatures to take necessary action to overcome the hot weather.

He said: “In order not to experience what we call heat stroke, people should drink more water often, keep themselves off the direct impact of sunlight between 12 p.m (noon) and 3 p.m. If people do not expose their bodies to the direct impact of sunlight, it will reduce water loss from the system.

“So, people should drink more water than necessary. Otherwise, their systems will be dehydrated, and that will cause secondary health issues.”

Advertisement
Continue Reading

News

JAMB begins sales of  2025 direct entry forms March 12

Published

on

By

Registration for this year’s Direct Entry (DE) form will begin tomorrow, the Joint Admissions and Matriculation Board (JAMB) has said.

The board said the registration process is crucial for those who possess degrees, diplomas, or A-Level certificates and wish to advance their education at their preferred universities.

JAMB’s Public Communications Advisor, Dr. Fabian Benjamin, announced this in a statement yesterday in Abuja.

The statement said the announcement for the commencement of the DE sales followed the successful conclusion of the Unified Tertiary Matriculation Examination (UTME) application sales, which ended on Saturday, March 8.

Advertisement

“During this period, JAMB recorded a total of 2,030,627 registrations for the 2025 UTME, along with 200,115 for the Mock-UTME and 630 applications for the trial mock,” the statement said.

It added: “JAMB has emphasised the importance of adhering to all entry requirements, warning that serious penalties will be imposed on applications containing false declarations. A special committee will verify all submitted Advanced A-Level Qualifications, and any fraudulent results will lead to prosecution. Additionally, institutions are encouraged to directly verify certificates before considering admissions.

“Registration can only be done at JAMB Professional Registration Centres (PRC).”

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News