Business

National electricity grid crashes from 3,703MW to 9MW, says FG

Published

3 years ago

June 14, 2022

Figures obtained on Monday from the Nigeria Electricity System Operator, an arm of the Federal Government’s power transmission company, showed that the national electricity grid actually crashed from a peak of 3,703 megawatts to as low as 9MW on Sunday.

Nigeria witnessed widespread blackout on Sunday after the national grid collapsed around 6.49pm, before engineers from the Transmission Company of Nigeria strived to ensure the recovery of the grid.

The PUNCH had reported on Monday that Sunday’s grid collapse was the fifth in 2022, a development that made many power distribution companies to shut down their various outgoing electricity feeders.

Data sourced from the NESO on Monday in Abuja, which showed the performance of the national grid on Sunday, indicated that the peak generation on Sunday of 3,703MW was recorded at 5am.

But this crashed to 9MW at 7pm on Sunday, according to the NESO, leading to the eventual collapse of the national grid.

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Various Discos including Enugu Electricity Distribution Company Plc, Abuja Electricity Distribution Company, Kaduna Electricity Distribution Company, among others, had confirmed the grid collapse in various messages on Sunday night.

Although no official statement from TCN as per the grid collapse yet, it was gathered that its restoration reached an advanced stage on Monday, as power generation rose to 2,744.6MW around 6am on Monday.

Nigeria’s power grid had collapsed twice in March and twice again in April this year. Power generation on the system had continued to fluctuate due to various concerns such as gas constraints, water management challenges, gas pipeline vandalism, among others.

Following the instability in Nigeria’s power supply, experts and consumer groups in the sector urged politicians to desist from generating political megawatts as they woo voters ahead of the 2023 general elections.

“Stop generating political megawatts. Stop generating electric power on the pages of newspapers and social media,” an industry expert, who doubles as President, Nigeria Consumer Protection Network, Kunle Olubiyo, stated.

He added, “‘I will increase power generation from 5,000MW to 30,000MW’. How do you intend to do that? Please let us know. Nigeria presently has grid sourced power generation capacity of 7,500MW, but only an average of 3,600MW gets to the end-users.

“We also have 14,500MW installed generation capacity that our national energy quantum could be ramped up. There is available power on the grid that is usually rejected by the 11 electricity distribution companies and TCN.”

“Yet the nation have been permanently configured into a vicious circle of distribution of darkness and perpetual energy crises due to gas constraints, market settlement crises, tariff and market shortfall, near-zero regulatory ecosystem, grid infrastructural limitations, technical deficits and broadly speaking – grid constraints.”

Olubiyi said why was it that since December 2021, the power supply situation in Nigeria had gone beyond comprehension and most embarrassingly unpleasant.

The consumer group president urged the presidential candidates of the frontline political parties to speak straight to the fundamental issues “and tell Nigerians how they will address the root causes of energy crises in Nigeria.”

“And not by making bogus promises and claims as per the electricity sector. We need to be informed in specific terms how they intend to address the challenges bedeviling the power sector.”

The spokesperson for the Electricity Consumers Association of Nigeria, Chijioke James, told The PUNCH that electricity consumers across the country were not happy with the low power supply.

“Of course, we are not satisfied. Consumers want to have a steady and reliable power supply. We have not seen a remarkable improvement in electricity supply across the country, and consumers are not satisfied”, he said

Related Topics:collapse Featured FG National electricity grid

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Railway

Lagos Rail Mass Transit part of FG free train ride – NRC

Published

23 hours ago

December 21, 2024

Trends Admin

Lagos Rail Mass Transit part of FG free train ride – NRC

The Nigerian Railway Corporation (NRC) has disclosed that the Lagos Rail Mass Transit (LRMT) trains are included in the Federal Government’s free train ride initiative for the Christmas and New Year celebrations.

The LRMT, which currently includes the Phase 1 Blue Line Rail and the Phase 1 of the Red Line Rail, operates under the Lagos Metropolitan Area Transport Authority (LAMATA).

This announcement was made by Ben Iloanusi, the Acting Managing Director of the NRC, during an interview on NTA News TV on Friday, following the launch of the initiative earlier that day.

While Iloanusi stated that Phase 1 of both the Blue Line and Red Line Rail projects are part of the program, LAMATA has yet to confirm this inclusion.

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Iloanusi outlined the other routes benefiting from the scheme, which include the Lagos-Ibadan Train Service, Kaduna-Abuja Train Service, Warri-Itakpe Train Service, Port Harcourt-Aba Train Service, and the Bola Ahmed Tinubu Mass Transit in Lagos. Notably, little was previously known about the Bola Ahmed Tinubu Mass Transit service until this disclosure.

“Let me mention the routes where this free train service is happening. We have the Lagos-Ibadan Train Service, we have the Kaduna-Abuja Train Service, we have the Warri-Itakpe Train Service, we have the Lagos Rail Mass Transit trains, we have the Port Harcourt-Aba Train Service, and we have what we call the Bola Ahmed Tinubu Mass Transit, which is also in Lagos,” he stated.

Iloanusi provided operational updates, stating that passengers nationwide can access free tickets online or, for those unable to do so, at train stations where they will be profiled and validated.

He noted that passengers using NRC-managed services (excluding the Lagos Rail Mass Transit) should reserve tickets via the official website, www.nrc.gov.ng, with a valid ID required. He also advised travelers to plan, arrive on time, and bring valid identification.

Lagos Rail Mass Transit part of FG free train ride – NRC

Business

NNPC denies claim of Port Harcourt refinery shutdown

Published

23 hours ago

December 21, 2024

Trends Admin

Port Harcourt refinery

NNPC denies claim of Port Harcourt refinery shutdown

The Nigerian National Petroleum Company Limited (NNPCL) has denied claims in media reports that the newly refurbished Port Harcourt refinery has shut down.

The national oil company denied the claim in a press release issued by its Chief Corporate Communications Officer, Olufemi Soneye, on Saturday.

Soneye said the claim was false and urged Nigerians to disregard it. He stressed that the Port-Harcourt Refinery is fully operational.

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The statement read, “The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd.) has been drawn to reports in a section of the media alleging that the Old Port Harcourt Refinery which was re-streamed two months ago has been shut down.

“We wish to clarify that such reports are totally false as the refinery is fully operational as verified a few days ago by former Group Managing Directors of NNPC.”

He noted that preparation for the day’s loading operation is currently ongoing, and added that claims of the shutdown are “figments of the imagination of those who want to create artificial scarcity and rip-off Nigerians.”

NNPC denies claim of Port Harcourt refinery shutdown

Business

CBN permits BDCs to buy up to $25,000 FX weekly from NFEM

Published

2 days ago

December 20, 2024

Trends Admin

CBN Governor, Olayemi Cardoso

CBN permits BDCs to buy up to $25,000 FX weekly from NFEM

The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary permission to purchase up to $25,000 weekly in foreign exchange (FX) from the Nigerian Foreign Exchange Market (NFEM).

This move, detailed in a circular dated December 19, 2024, is designed to meet seasonal retail demand for FX during the holiday period.

The circular was signed by T.G. Allu, on behalf of the Acting Director of the Trade and Exchange Department.

The arrangement will be in effect from December 19, 2024, to January 30, 2025.

Under the directive, BDCs may purchase FX from a single Authorized Dealer of their choice, provided they fully fund their accounts before accessing the market.

Transactions to occur at the prevailing NFEM rate

The transactions will occur at the prevailing NFEM rate, and BDCs are required to adhere to a maximum 1% spread when pricing FX for retail end-users.

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All transactions conducted under this scheme must be reported to the CBN’s Trade and Exchange Department.

The circular read in part:

“In order to meet expected seasonal demand for foreign exchange, the CBN is allowing a temporary access for all existing BDCs to the NFEM for the purchase of FX from Authorised Dealers, subject to a weekly cap of USD 25,000.00 (Twenty-five thousand dollars only).

This window will be open between December 19, 2024 to January 30, 2025.

“BDC operators can purchase FX under this arrangement from only one Authorized Dealer of their choice and will be required to fully fund their account before accessing the market at the prevailing NFEM rate. All transactions with BDCs should be reported to the Trade and Exchange department, and a maximum spread of 1% is allowed on the pricing offered by BDCs to retail end-users.”

The CBN assured the general public that PTA (Personal Travel Allowance) and BTA (Business Travel Allowance) remain available through banks for legitimate travel and business needs.”

These transactions are to be conducted at “market-determined exchange rates” within the NFEM framework.

This initiative reflects the CBN’s strategy to stabilize the FX market and manage seasonal surges in demand.