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Govt to sell Abuja, Ibadan, Benin, Kaduna, Kano DisCos

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2 years ago

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The recent developments in Nigeria’s power sector are quite significant. Here’s a summary of the key points:

  1. Sale of Electricity Distribution Companies (DisCos):
  • The Federal Government is determined to sell off five electricity Distribution Companies (DisCos) due to ongoing blackouts.
  • A $200 million non-performing metering contract awarded since 2021 has been revoked.
  • The DisCos’ poor performance, attributed to lack of technical expertise, has prompted the decision.
  • Reputable technical power operators are expected to take over within three months.
  • Abuja Electricity Distribution Company (AEDC), Benin Electricity Distribution Company (BEDC), Kaduna Electricity Distribution Company, and Kano Electricity Distribution Company are among those affected.
  1. Efforts to Address Metering Gap:
  • A $200 million contract for three million meters, awarded in 2021, has been revoked due to non-delivery.
  • The government aims to bridge the eight million metering gap in the next four to five years using a seed capital of N100 billion and N75 billion.
  • Funding from the Nigerian Sovereign Investment Authority (NSIA) will support this initiative.
  1. Challenges in the Power Sector:
  • The power sector faces challenges including incomplete projects, frequent grid collapses, and lack of Supervisory Control and Data Acquisition (SCADA).
  • Uncompleted projects, especially those involving SCADA, have been a persistent issue for over 12 years.
  1. Response from the Senate Committee on Power:
  • Senators expressed concerns over the DisCos’ performance, asset stripping by some operators, and the need for penalties for such actions.
  • Suggestions were made to cancel DisCos licenses and potentially hand over management to new operators or even foreigners.
  • The Transmission Company of Nigeria (TCN) also seeks funding and support for its projects, including addressing right of way issues.
  1. Gas Supply Constraint:
  • Gas shortage is a major constraint affecting power generation, exacerbating the power crisis.
  • DisCos are reportedly rejecting power allocation despite shortages.
  1. Government Debt to Power Sector:
  • The Federal Government owes Generation Companies over N1.3 trillion and gas suppliers $1.3 billion.
  • The debt has led to gas suppliers refusing to provide more, further impacting power generation.
  1. Next Steps:
  • The Senate Committee on Power plans to interface with the Federal Government to settle the gas debt.
  • The committee will focus on overseeing the completion of World Bank SCADA projects and addressing tariff reviews.

These developments reflect a concerted effort to address longstanding issues in Nigeria’s power sector, aiming to improve efficiency, address infrastructure gaps, and ensure better service delivery.

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JUST IN: Mob Sets BRT Bus Ablaze After Motorcyclist’s Death in Lagos

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22 hours ago

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October 16, 2026

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An angry mob has set a Bus Rapid Transit (BRT) bus on fire after it reportedly crushed a commercial motorcyclist to death at Ogolonto Bus Stop along Ikorodu Road in Lagos State.

The incident occurred on Friday, October 16, 2026. Eyewitness accounts and social media reports indicate that the motorcyclist was riding alone along the restricted BRT lane when the collision happened. He died at the scene.

Enraged residents and youths then attacked the bus driver and set the vehicle ablaze. Police officers and officials of the Lagos Neighbourhood Safety Corps (LNSC), who were nearby, intervened promptly and rescued the driver unharmed.

The identity of the deceased motorcyclist and the exact circumstances of the crash had not been officially confirmed at the time of filing this report. It was also unclear whether any arrests had been made in connection with the burning of the bus.

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ARISE News Wins Seven Honours At Nigerian Broadcasters Merit Awards

The awards recognised the network’s achievements in television journalism and programming, with ARISE News winning the Best TV Channel (Viewer’s Choice) category.

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1 day ago

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October 16, 2026

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• ARISE News Anchor and host of What’s Trending Ojy Okpe was named Best Newscaster (TV – Female)

ARISE News has emerged as one of the major winners at the just ended Nigerian Broadcasters Merit Awards (NBMA).

ARISE News won seven honours across television broadcasting, news reporting, presentation and production during the ceremony.

The awards recognised the network’s achievements in television journalism and programming, with ARISE News winning the Best TV Channel (Viewer’s Choice) category.

The network’s flagship breakfast programme, The Morning Show, also won the Best TV Talk Show award, further strengthening its recognition in television broadcasting.

ARISE News Anchor and host of What’s Trending Ojy Okpe was named Best Newscaster (TV – Female).

Rufai Oseni was named Nigerian Broadcaster of the Year (Male), while Vimbai Mutinhiri-Ekpeyong received the Nigerian Broadcaster of the Year (Female) award.

The recognition extended to the network’s newsroom, with Ovieteme George winning Best TV News Reporter (Male) for his contributions to television news reporting.

Behind the camera, Sam Adeyemi received the Best Camera Operator/Cinematographer award, recognising his work in television production and visual storytelling.

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Meta removes 3.7 million accounts in West Africa scam crackdown

The joint operation led to 28 arrests, identified more than 30 suspected scam centres and rescued 117 people allegedly trafficked and forced to work in scam compounds in Ghana.

Published

1 day ago

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October 16, 2026

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Meta, the parent company of Facebook and Instagram, has removed more than 3.7 million Facebook and Instagram accounts, pages and groups linked to suspected scam networks operating in West Africa.

The joint operation led to 28 arrests, identified more than 30 suspected scam centres and rescued 117 people allegedly trafficked and forced to work in scam compounds in Ghana.

The company announced the crackdown in a statement on Tuesday, October 13, 2026. It involved 14 technology companies and law enforcement agencies from 10 countries.

The United Kingdom’s National Crime Agency coordinated the operation with the US Department of Justice, the Federal Bureau of Investigation and other agencies. Nigerian authorities were involved.

Other countries included Ghana, Australia, Canada, New Zealand and India.Tech companies that took part included Google, Microsoft, OpenAI, Coinbase, Starlink and Adobe.

Meta said the partnership let participants share intelligence across digital platforms, countries and financial systems to identify criminal networks.

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