Energy and Power
800 Companies Jostle for Gas Flare Sites
About 800 companies have expressed interest for management of 176 gas flare sites in the country.
This was revealed to newsmen in Abuja on Thursday by Minister of State for Petroleum Resources, Dr Ibe Kachikwu. adsbygoogle || []).push({});
Kachikwu said that government in a frantic bid to stop gas flaring in the country by the year 2020, had received bids of 226 bidders that paid the stipulated fees out of the 800 companies that expressed interest in managing the sites.
“Over 800 companies have expressed interest to manage about 176 gas flare sites and out of the total companies, about 226 have paid the stipulated fees and their bids had been received,” he said.
“Premised on the foregoing, the policy position of His Excellency, President Muhammad Buhari, is that gas flaring is totally unacceptable.
“In this regard, the Federal Government of Nigeria, initiated a number of actions to reaffirm its commitment to ending the practice of gas flaring in our oil fields.
“Furthermore, in recognition that flared gas could be harnessed to stimulate economic growth, drive investments and provide jobs in oil producing communities and indeed for Nigerians through the utilisation of widely available innovative technologies.
“The Federal Executive Council in June 2016, approved the Nigerian Gas Flare Commercialisation Programme, NGFCP,” he said.
“We must stop gas flare and other hazards associated with gas flaring in Nigeria. We must also ensure that oil and gas production do not become harmful to our citizens,” he added.
“The policy objective is to move to market-led wholesale gas pricing without gas price regulation, except where there are natural monopolies,” Kachikwu noted.
The government was working hard, 10 years ahead of the United Nation’s UN deadline to stop gas flaring in the country by the year 2020.
(NAN)
Energy and Power
NISO Launches New Control Centre Project To Modernise Nigeria’s Power Grid
The Nigerian Independent System Operator (NISO) has commenced construction of a new ultra-modern National Control Centre in Osogbo, Osun State, in a major infrastructure upgrade aimed at improving the monitoring, security and management of Nigeria’s electricity grid. adsbygoogle || []).push({});
The groundbreaking ceremony, held on Wednesday, September 30, 2026, brought together key stakeholders in the power sector and marked a new phase in efforts to equip Nigeria’s national grid with modern operational infrastructure.
Performing the groundbreaking on behalf of Vice President Kashim Shettima, his Senior Special Assistant on Legal and Compliance Matters, Alhaji Bashir Maidugu, said the project underscored the Federal Government’s commitment to investing in critical infrastructure under the Renewed Hope Agenda of President Bola Tinubu.
Maidugu said reliable electricity infrastructure remained critical to economic and social development, adding that the new centre would help create a more conducive operating environment for businesses and improve conditions for citizens.
The Minister of Power, Chief Joseph Tegbe, said the construction was particularly significant because the existing National Control Centre had been serving the country for about 60 years.
He said the age of the facility, coupled with the growing complexity of Nigeria’s power system, had made the development of a modern control centre necessary.
Tegbe urged stakeholders across the electricity sector to deepen collaboration with NISO, stressing that effective system operation would require sustained institutional and technical support.
The Chairman of the NISO Board of Directors, Dr Adesegun A. Akin-Olugbade, said the project represented an important step in giving practical effect to the institutional reforms introduced by the Electricity Act 2023.
According to him, NISO’s core functions of Market Administration, System Operation and System Planning demand modern technology, robust governance and highly skilled technical personnel.
He said the new facility would provide the infrastructure required for NISO to effectively discharge these responsibilities and respond to the changing demands of the electricity market.
Also speaking, NISO’s Managing Director and Chief Executive Officer, Engr. Abdu Bello Mohammed, FNSE, described the project as the beginning of a new era for electricity grid operations in Nigeria.
Mohammed said the increasing complexity of the national grid had made investment in technology, reliable data and professional expertise essential.
“As Nigeria’s electricity grid grows increasingly complex, we require modern technology, reliable data and skilled professionals to operate it effectively,” he said.
He explained that the new National Control Centre would significantly improve grid visibility, enhance real-time monitoring and strengthen system security.
According to him, the facility would also enable NISO operators to detect and respond to system events more quickly and accurately, thereby strengthening the overall coordination of the national grid.
The new centre is being designed as a modern operational hub capable of providing the technological environment required for world-class system operation.
Its development is expected to enhance NISO’s capacity to monitor the national grid in real time and support more efficient planning and management of Nigeria’s electricity system as demand and grid complexity continue to increase.
Energy and Power
KERC Hails Establishment of Special Court to Tackle Electricity Theft
From Joseph Amedu, Lokoja
The Chairman of the Kogi State Electricity Regulatory Commission (KERC), Engr. Ibrahim Abdwaaris, has praised the establishment of Special Court to tackle electricity theft across the state.
Abdwaaris stressed the need for collaboration with relevant agencies in combating electricity theft and related offenses in the state.
The KERC Boss gave the commendation while speaking at a town hall meeting organized by the Kogi Electricity Distribution Limited (KEDL) at Edge Drive Hotels in Lokoja on Thursday.
Abdwaaris described the sensitization of customers and stakeholders on the new legal framework established by the Kogi State Government as a welcome development.
The framework according to him, includes, the establishment of an Electricity Theft Task Force and a Special Court to protect investments in the emerging state electricity market.
He urged Kogi Electricity Distribution limited to work closely with the Task Force and the Special Court to ensure the initiative’s effectiveness.
While emphasizing the need to tackle electricity theft, the KERC Chairman/CEO cautioned against unwholesome market practices that undermine customer trust and confidence.
He reiterated the Commission’s commitment to protecting customer rights and ensuring fairness, accountability, and balance between investor interests and consumer needs.
He called on stakeholders, including KEDL, customers, community leaders, and government agencies, to join forces in building a transparent, efficient, and sustainable electricity market in Kogi State.
By working together, the KERC Chairman/CEO said, they can eradicate electricity theft, protect investments, and improve electricity services for the benefit of the state’s citizens and economic development.
In his welcome address the Managing Director of Kogi Electricity Distribution Limited KEDL), Engr Olaseni Agunpopo disclosed that Kogi State Government, through the State’s Electricity RegulatoryCommission (KERC), has taken a bold and commendable step with the establishment of a Special Task Force on Energy Theft and Related Offences.
According to him “This initiative underscores the Commission’s unwavering commitment to sanitizing the electricity sector, promoting transparency, and safeguarding the integrity of power distribution across the State.
“By creating this Task Force, the Commission has demonstrated proactive leadership and a deep understanding of the critical role electricity plays in economic growth and social development. The Task Force will serve as a coordinated mechanism to identify, investigate, and prosecute cases of energy theft and related offences. It will also work closely with security agencies, the
“This decisive move not only reflects the Commission’s desire to protect the investments made by KEDL but also reinforces its commitment to ensuring that law-abiding customers are not unfairly penalized by the actions of a few who engage in theft and sabotage. Ultimately, it lays the foundation for a more efficient, reliable, and equitable electricity distribution system that will benefit all residents of Kogi State”
The objectives of this initiative he said would go a long way in protecting honest customers who dutifully pay their bills, promoting fairness, discipline, and accountability in electricity usage, and improving service delivery by channelling saved resources into infrastructure and customer satisfaction.
“However, this fight is not for KEDL or the Regulator alone. It requires the collaboration of all stakeholders — government, communities, traditional leaders, security agencies, and every citizen who values progress and integrity. Together, we must send a clear and unified message: energy theft is a crime, and it will no longer be tolerated” he emphasized
Business and Economy
FG, Afreximbank Assess Nigeria’s Readiness for Africa Energy Bank Commencement
Ahead of the commencement of operations of the Africa Energy Bank (AEB) in Abuja, the Federal Government and the African Export-Import Bank (Afreximbank) teams have assessed the country’s readiness to host the bank.
A statement issued on Thursday by Nneamaka Okafor, Special Adviser, Media and Communications to Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), stated that the assessment followed the visit of Dr. Benedict Oramah, President, African Export-Import Bank (Afreximbank).
According to the statement, the visit/assessment was in furtherance of ongoing engagements towards the commencement of operations by the Africa Energy Bank, a landmark initiative expected to transform the continent’s energy landscape.
“The establishment of the bank is a collaborative move between Afreximbank and the African Petroleum Producers Organisation (APPO), which will see the bank take off with an asset base of five billion dollars.
“It is projected to grow to 120 billion dollars in five years’ time, marking a significant milestone in Africa’s quest for energy security and sustainability.
“Afreximbank, as a key partner, is transferring her full equity investment in the oil and gas sector, underscoring its commitment to driving energy infrastructure development across the continent.”
Okafor quoted Lokpobiri as reiterating during the meeting, Nigeria’s strong support for the AEB and its pivotal role in unlocking Africa’s energy potential.
He called on industry stakeholders to engage proactively and explore the vast opportunities this initiative presents.
“The bank represents a bold step in ensuring that Africa controls and finances its energy future. It is an avenue for stakeholders to invest in a self-sustaining energy sector that will drive industrialisation, job creation and economic prosperity.
“Nigeria, as a leading oil and gas producer, is well-positioned to leverage this transformative initiative. We encourage industry players to seize this opportunity to invest in Africa’s energy future,” the statement quoted Lokpobiri as saying.
Following the discussions, the minister and Afreximbank president proceeded to the AEB Headquarters for an inspection to assess the level of readiness ahead of the commencement of operations.
The visit provided first hand insights into the bank’s operational preparedness and strategic alignment with Africa’s broader energy development goals.
Speaking on the significance of the AEB, The Afreximbank President, Oramah, emphasised the bank’s role in bridging Africa’s energy financing gap.
According to him, the establishment of the AEB is a game-changer for the continent.
He commended Nigeria for taking the bull by the horn in hosting the AEB headquarters and expressed confidence in Nigeria’s oil and gas portfolio, as it would not only benefit the sector, but would guarantee immediate benefit for Nigeria.
The bank was initially scheduled to commence operations January this year. (NAN)
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