Electricity: We installed 184,507 meters, issued 50 licences in Q3, says FG

The Federal Government has recorded significant progress in Nigeria’s electricity sector with the installation of 184,507 new meters and the issuance of 50 licences, permits, and certifications during the third quarter of 2024 (Q3).

The Nigerian Electricity Regulatory Commission (NERC) revealed in its Q3 2024 report released on Friday that 184,507 meters were installed, marking a remarkable 256.01% increase compared to the 51,826 meters installed in Q2 2024.

The increased metering pushed the net end-user metering rate in the Nigerian Electricity Supply Industry (NESI) to 46.15%, up from 45.43% in Q2, a rise of 0.72 percentage points.

The installations were largely carried out under the Meter Asset Provider (MAP) framework, which accounted for 178,715 meters or 96.86% of the total. The Vendor Financed framework contributed 3,508 meters, while the DisCo Financed framework added 2,298 meters.

This development signifies a concerted effort to address challenges like estimated billing and promote consumer satisfaction across the electricity distribution value chain.

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Power sector development: 50 licences issued 

To complement the surge in meter installations, NERC issued 50 licences, permits, and certifications aimed at strengthening Nigeria’s power sector infrastructure. These include:

• Six (6) new off-grid generation licences with a combined capacity of 30.06 MW.
• One (1) renewal of an on-grid generation licence with a gross capacity of 39 MW.
• Two (2) new electricity trading licences.
• Eleven (11) captive generation permits with a total gross capacity of 63.36 MW.
• One (1) registration certificate for a mini-grid.
• Seven (7) certifications for Meter Service Providers.
• Twenty-two (22) permits for Meter Asset Providers.

These licences are expected to encourage investments, improve power supply, and expand access to renewable and off-grid energy solutions, especially in rural areas.

Key Implications for the Power Sector

The surge in meter installations and issuance of licences marks a pivotal moment in Nigeria’s electricity sector. By prioritizing metering through initiatives like MAP, the government is tackling the pervasive problem of estimated billing, which has long plagued electricity consumers.

Furthermore, the rise in off-grid and mini-grid licences underscores a growing shift towards renewable energy and decentralized power solutions, vital for enhancing energy access in underserved regions.

A Promising Outlook: These advancements highlight the Federal Government’s commitment to reforming Nigeria’s power sector and creating an enabling environment for both consumers and investors.

With metering and licensing activities gaining momentum, stakeholders anticipate further progress in Q4 2024, laying the foundation for a more reliable, sustainable, and inclusive energy sector.

Electricity: We installed 184,507 meters, issued 50 licences in Q3, says FG

Ibadan stampede: Ooni reacts after arrest of ex-wife

The Ooni of Ife, Oba Adeyeye Ogunwusi, has encouraged his ex-wife, Naomi Ogunseyi, and radio owner, Oriyomi Hamzat, not to be discouraged following the tragic stampede at a Yuletide ceremony for children in Ibadan, Oyo State, which claimed 32 lives.

The monarch also pledged support for the families of the victims and called for immediate measures to prevent such incidents in the future.

His comments followed the arrest of his ex-wife by the police and were made in a statement issued by the Director of Media and Public Affairs at the Ooni’s Palace, Moses Olafare.

In his statement, the Ooni expressed his deep sorrow, saying, “We extend our heartfelt sympathy to the government of Oyo State, the organisers—Agidigbo Radio, owned by Oriyomi Hamzat, and former queen at the Ooni’s Palace, Ms Naomi Silekunola Ogunseyi, as well as the bereaved families of the young souls lost in the tragic incident in Ibadan yesterday.”

He also expressed solidarity with the Oyo State government and commended the governor for his swift response.

“This tragedy underscores the urgent need for collaborative efforts to ensure the safety and well-being of our children across Nigeria. The House of Oduduwa pledges to support all efforts aimed at bringing solace and healing to those affected by this devastating loss,” he added.

The Ooni called for immediate action to improve safety measures, stressing the importance of adherence to safety standards and child welfare policies in educational institutions. He advised Naomi Ogunseyi, Oriyomi Hamzat, and other co-organisers not to be discouraged by the unfortunate outcome of the event, which was originally intended to bring joy to children during the festive season.

He concluded, “Rather than being discouraged, they should remain committed to organising such laudable programmes for children, but with better planning and strategies in the future. The lesson must be learned.”

Ibadan stampede: Ooni reacts after arrest of ex-wife

Yahaya Bello walks home after release from Kuje prison Friday evening

Former Kogi State Governor, Yahaya Bello, has been released from Kuje Custodial Centre after complying with the bail requirements set by the Federal Capital Territory (FCT) High Court in Maitama, Abuja.

The spokesperson for the Nigerian Correctional Service (NCoS), FCT Command, Adamu Duza, confirmed the development on Friday.

“Yahaya Bello has been released after meeting the bail conditions. He was released this evening (Friday),” Duza stated.

He further disclosed that the Controller of the NCoS, FCT Command, Ajibogun Olatubosun, was present to oversee the process, ensuring that all protocols were duly observed.

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Bello was granted bail on Thursday by Justice MaryAnne Anenih, who set the sum at N500 million. The court mandated that he provide three sureties, each owning property in premium areas of Abuja, such as Maitama, Guzape, or Asokoro. Additionally, Bello was required to surrender his passport and was prohibited from leaving Nigeria without prior court approval.

The former governor, alongside Shuaibu Oricha and Abdulsalam Hudu, is facing a 16-count charge brought by the Economic and Financial Crimes Commission (EFCC). The charges include conspiracy, criminal breach of trust, and unlawful possession of property.

All defendants have pleaded not guilty to the charges.

While Justice Anenih initially rejected Bello’s bail application on procedural grounds, the court later approved a fresh application, resulting in his eventual release. His co-defendants had earlier been granted bail.

Yahaya Bello walks home after release from Kuje prison Friday evening