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FG vows to end frequent power grid collapses
The Minister of Power, Adebayo Adelabu, says the Federal Government is intensifying efforts to halt frequent national grid collapses and improve the reliability of electricity supply across the country.
Adelabu, represented by the Permanent Secretary of the Ministry, Alh. Muhammadu Mamman, spoke in Uyo, Akwa Ibom State, on Friday during the maiden retreat of the Nigerian Independent System Operator (NISO) themed “NISO on the Move.”
He said President Bola Tinubu’s administration began implementing reforms from inception to ensure grid stability and reduce persistent power outages.
According to him, the establishment of NISO is one of the new approaches adopted by the government to address long-standing structural challenges in the power sector. Nigeria has suffered repeated grid collapses due to ageing infrastructure, poor maintenance, inadequate funding, and vandalism, leading to widespread blackouts and increased reliance on generators by households and businesses.
“Since the commencement of this administration, things have been done differently,” Adelabu said. “The creation of NISO is part of government’s efforts to stabilise the grid, reduce outages, and ensure every Nigerian has access to electricity. This retreat provides an avenue for engagement and improved coordination.”
Chairman of NISO’s Board of Directors, Dr. Adesegun Akin-Olugbade, praised the agency’s staff, noting that their dedication enabled the successful synchronisation of the Nigerian power grid with the West African Power Pool (WAPP).
He described the achievement—four hours of uninterrupted unified frequency across Nigeria, Niger, parts of Benin, Togo, and extending to Mauritania—as a milestone once considered impossible.
Managing Director of NISO, Abdul Mohammed, explained that the agency was created to support government reforms by attracting private investment and enhancing efficiency in the power market. He lamented that despite huge investments, the sector still suffers because power infrastructure requires far more funding than has been committed over the years.
“The power business is extremely capital-intensive,” Mohammed said. “We haven’t spent as much as needed to make the grid fully reliable. NISO is here to complement government efforts by drawing private-sector investment and optimising existing resources.”
Akwa Ibom State Governor, Umo Eno, represented by Commissioner for Power, Iniobong Robson, commended NISO for its discipline and clarity of purpose, noting that the agency had recorded impressive progress since its establishment.
News
Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
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