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Niger Basin Authority seeks stronger regional cooperation, investment

By
Kehinde Victor
-

KEY POINTS

• The Niger Basin Authority calls for stronger regional cooperation and strategic investment to promote peace, stability and shared prosperity across the Niger and Lake Chad basins.

• The NBA and Lake Chad Basin Commission say infrastructure, agriculture, climate resilience and natural resource management require coordinated action across member states.

• Nigeria and development partners reaffirm support for regional water cooperation, with stakeholders urging concrete action on water security, ecosystem restoration and human development.

MAIN STORY

The Niger Basin Authority (NBA) has called for stronger regional cooperation and strategic investments to promote peace, stability and shared prosperity across the Niger and Lake Chad basins.

Mr Kocou Houanye, Executive Secretary, NBA, made the call on Monday at the opening of a regional conference on hydrodiplomacy, gender and strategic investments in Abuja.

Houanye said the conference provided an opportunity for countries and institutions within the two transboundary basins to strengthen dialogue, address shared challenges and promote sustainable development.

He said the three day conference, jointly organised by the NBA and Lake Chad Basin Commission (LCBC), provided a neutral platform for dialogue and negotiations on conflicts linked to natural resources and environmental challenges.

According to him, the Niger and Lake Chad basins face ecological, socio economic and security challenges, with large populations depending on their natural resources for livelihoods.

He said the challenges required stronger collaboration among member states and development partners to improve resilience and expand access to development opportunities.

Houanye called for accelerated implementation of strategic investments, particularly in infrastructure and agriculture, describing them as important drivers of peace, stability and shared prosperity.

He expressed hope that the conference would produce practical recommendations to strengthen synergy among stakeholders and the role of the two basin organisations as platforms for regional dialogue.

The NBA executive secretary said the conference would be followed by a session of the NBA regional steering committee to review previous operations and consider a work plan and budget for the next phase of its programmes.

He said participants would also review activities of dam agencies operating within the Niger Basin and adopt recommendations to improve implementation of ongoing programmes.

Houanye said implementation of the Programme for Development and Adaptation to Climate Change in the Niger Basin had improved, with physical implementation rising from 37 per cent to 48.3 per cent and financial implementation from 17 per cent to 57 per cent.

He added that the programme’s commitment rate had also risen from 49 per cent to 92 per cent.

He commended the Nigerian Government for its political, technical and financial support to the NBA, saying implementation of the programme in Nigeria had recorded significant progress.

Houanye said discussions were underway with development partners on the next phase of the programme, with efforts to expand its coverage to more member countries.

He said sustained political commitment and development partner support would be necessary to consolidate the gains and mobilise further strategic investments across the basin.

Mrs Hanna Albrecht, German Cooperation representative, also called for stronger regional cooperation and coordinated responses to challenges affecting the Niger and Lake Chad basins.

Albrecht said climate change, pressure on natural resources, insecurity and threats to livelihoods were interconnected challenges whose effects transcended national borders.

She said responses should be based on the realities and needs of affected communities, adding that women and young people should be central to efforts to create sustainable economic opportunities.

Ambassador Ibrahim Babani, Executive Secretary, LCBC, said the commission was strengthening member states’ capacity to assess water use and demand through tools for mapping cropland, determining crop water requirements and identifying areas with water deficits and surpluses.

Babani said the tools would also help assess groundwater storage suitability and would be incorporated into an interactive dashboard at the commission’s headquarters in N’Djamena.

He said the conference was a call to action to protect water resources and build resilient societies, stressing the importance of women and young people as decision makers, peace mediators, innovators and partners in water diplomacy.

The Minister of Water Resources and Sanitation, Prof. Joseph Utsev, said Nigeria remained committed to strengthening cooperation between the NBA and LCBC as part of efforts to advance water security, climate resilience and sustainable development.

Utsev said the conference aligned with African Union and ECOWAS frameworks on equity, inclusion, peace, stability, climate adaptation and sustainable development.

He said cooperation among governments, financial institutions, development partners, civil society, communities and the private sector was critical to addressing the region’s interconnected water, environmental and socio economic challenges.

The minister said Nigeria would continue working with the NBA, LCBC, ECOWAS and other stakeholders to promote a practical, inclusive and investment oriented water agenda.

He urged participants to translate discussions into concrete actions, particularly in water supply and sanitation, ecosystem restoration, climate resilience, infrastructure and human development.

THE ISSUES

  1. The Niger and Lake Chad basins face interconnected environmental, climate, security and socio economic challenges that require cooperation beyond national borders.
  2. Regional authorities are seeking greater strategic investment in infrastructure, agriculture, climate adaptation and water management to strengthen resilience and support livelihoods.
  3. The NBA and LCBC are positioning transboundary cooperation as a mechanism for managing shared natural resources, strengthening peace and mobilising investment across member states.

WHAT’S BEING SAID

“Accelerated implementation of strategic investments, particularly in infrastructure and agriculture,” – Mr Kocou Houanye, Executive Secretary, Niger Basin Authority

“Climate change, pressure on natural resources, insecurity and threats to livelihoods were interconnected challenges whose effects transcended national borders.” – Mrs Hanna Albrecht, German Cooperation representative

“The conference was a call to action to protect water resources and build resilient societies.” – Ambassador Ibrahim Babani, Executive Secretary, Lake Chad Basin Commission

WHAT’S NEXT

The NBA regional steering committee is expected to review previous operations and consider a work plan and budget for the next phase of its programmes. Discussions with development partners will also continue on expanding the climate adaptation programme to more member countries.

The LCBC is also expected to incorporate new water assessment tools into an interactive dashboard, while stakeholders will work toward implementing the outcomes of the conference and strengthening preparations ahead of the 2026 UN Water Conference.

BOTTOM LINE

The Niger Basin Authority and Lake Chad Basin Commission are seeking stronger regional cooperation and strategic investment to address shared water, environmental, security and livelihood challenges. Stakeholders are placing particular emphasis on infrastructure, agriculture, climate resilience, water management and coordinated action across member states.

Petrol pump prices fall by up to N25 in Abuja

Evanna Empowerment Initiative equips bakers in Lagos with essential baking supplies

By
Emmanuel Ogbonnaya
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Grace Ilesanmi, Founder, Evanna Empowerment Initiative, and Board Member, Mrs Osuji, with beneficiaries of the bakers initiative.

Evanna Empowerment Initiative (EEI) has concluded a two-day drive held across cities in Nigeria including Lagos, Owerri, Abuja, and Abeokuta from 25 to 26 September 2026, providing bakers with essential baking materials to support their craft.

The over one hundred bakers who took part received margarine, cake icing, sugar, and a range of other baking supplies, provided over the two-day drive.

The drive forms part of EEI’s continued work training and supporting bakers and small enterprise owners across Lagos. For EEI, it is a direct extension of the mission of putting real materials into the hands of bakers already doing the work, not a one-off gesture.

Grace Ilesanmi, Founder and Executive Director of Evanna Empowerment Initiative, described the drive as a direct extension of her own path into baking, and a practical investment in the futures of the bakers who took part.

Commenting on the initiative, she said, “Baking is what brought me here, but teaching others to bake is what keeps me here. When we put real materials directly into a baker’s hands, we’re investing in a skill they’ll carry for the rest of their working life.”

EEI’s baking and confectionery classes run free of charge each year from February to October, open to anyone aged fifteen and older. In October, EEI will welcome its next cohort of students for hands-on training in bread, pastries, small chops, and other baking skills.

Grace Ilesanmi will also host Ogba Bakers Connect, a meet-and-greet bringing together bakers from across Lagos with established names in the industry to share practical insights from their own kitchens.

Evanna Empowerment Initiative (EEI) has concluded a two-day drive held across cities in Nigeria including Lagos, Owerri, Abuja, and Abeokuta from 25 to 26 September 2026, providing bakers with essential baking materials to support their craft.

The over one hundred bakers who took part received margarine, cake icing, sugar, and a range of other baking supplies, provided over the two-day drive.

The drive forms part of EEI’s continued work training and supporting bakers and small enterprise owners across Lagos. For EEI, it is a direct extension of the mission of putting real materials into the hands of bakers already doing the work, not a one-off gesture.

Grace Ilesanmi, Founder and Executive Director of Evanna Empowerment Initiative, described the drive as a direct extension of her own path into baking, and a practical investment in the futures of the bakers who took part.

Commenting on the initiative, she said, “Baking is what brought me here, but teaching others to bake is what keeps me here. When we put real materials directly into a baker’s hands, we’re investing in a skill they’ll carry for the rest of their working life.”

EEI’s baking and confectionery classes run free of charge each year from February to October, open to anyone aged fifteen and older. In October, EEI will welcome its next cohort of students for hands-on training in bread, pastries, small chops, and other baking skills.

Grace Ilesanmi will also host Ogba Bakers Connect, a meet-and-greet bringing together bakers from across Lagos with established names in the industry to share practical insights from their own kitchens.

CBN raises N8.14tn from T-bills in Q3, beats target by N2.34tn

By
Emmanuella Opara
-

By Opara Emmanuella Isioma | 28th september 2026

Key points

  • – The CBN raised N8.14tn through Treasury bills in Q3 2026. The target was N5.8tn, so it went over by N2.34tn.
  • -This came from eight auctions held between July and September.
  • -Total allotments were 40.34 per cent above the planned amount.
  • -The 364-day bill took N7.09tn, which is 87 per cent of the total.
  • -The 364-day stop rate fell from 17.70 per cent on July 8 to 15.89 per cent on September 23. That is a fall of 181 basis points.

Main story

The Central Bank of Nigeria raised N8.14tn through Treasury bills issuances in the third quarter of 2026, exceeding the Debt Management Office’s N5.8tn target by N2.34tn as investor demand surpassed the government’s borrowing plans.

A review of eight Nigerian Treasury Bills auctions conducted between July and September showed that total allotments were 40.34 per cent above the planned issuance for the quarter.

The 364 day Treasury bill accounted for the largest share of the funds raised, attracting N7.09tn, representing 87 per cent of total allotments during the period.

The concentration of borrowing in the one year instrument came amid high yields recorded in July and August, which sustained investor interest in government securities.

However, yields began to decline in September following a shift in monetary policy, with the CBN lowering stop rates across the three Treasury bill tenors.

What’s being said

The Punch story does not include quotes from analysts, the CBN or the DMO. Its main point is that demand was higher than the government’s plans. It also says the fall in rates shows a change in borrowing costs in the primary Treasury bills market. If you want this section to be stronger, you will need to add a quote from an analyst or official.

What’s next

The Punch story does not say what comes next. The only forward-looking link is that yields started falling after a change in monetary policy, so you could ask whether that trend will continue in the fourth quarter. You would need another source to answer that.

Bottom line

The government raised far more than it planned in the quarter, mostly through one-year bills. Borrowing costs fell by the end of September, so the government is now paying less to borrow than it was in July.

Petrol pump prices fall by up to N25 in Abuja

Petrol pump prices fall by up to N25 in Abuja

By
Kehinde Victor
-
NNPC Denies Plans To Increase Fuel Price

KEY POINTS

• Some oil marketers in the FCT have reduced petrol pump prices by between N20 and N25 per litre.

• MRS cut its price from N1,395 to N1,370 per litre, while NNPC and other marketers also adjusted prices.

• IPMAN says marketers are responding to prevailing market conditions, although operators face losses from products bought before the latest price decline.

MAIN STORY

Some oil marketers in the Federal Capital Territory have begun reducing the pump price of Premium Motor Spirit (PMS), popularly known as petrol, by between N20 and N25 per litre.

Checks by the News Agency of Nigeria (NAN) on Sunday in Abuja showed that MRS had reduced its pump price by N25 per litre, from N1,395 to N1,370.

NNPC also reduced its pump price to N1,395 per litre, while Mabso sold petrol at N1,388 per litre.

Similarly, AY Shafa reduced its pump price to N1,420 per litre from N1,430, while NIPCO Retail Outlet cut its price from N1,430 per litre to N1,410.

The latest adjustments point to a continued downward movement in the petrol wholesale market, with lower depot prices beginning to reflect in pump prices in some parts of the country.

Meanwhile, Brent crude fell by 2.28 dollars, or 2.14 per cent, to 104.30 dollars per barrel from 106.58 dollars.

West Texas Intermediate (WTI) also declined by 1.79 dollars, or 1.89 per cent, to 92.82 dollars per barrel from 94.61 dollars.

Mr Chinedu Ukadike, National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), said marketers would continue to adjust to prevailing market conditions.

He said marketers would also seek ways to remain competitive and sustain their businesses.

According to him, the major challenge facing independent marketers was market volatility, as many operators had purchased petroleum products before the latest decline in prices.

He said members of the association would continue to cushion the effect of the loss while seeking ways to remain in business.

Ukadike said the situation was part of the realities of a deregulated market, where competition and market forces determine prices.

THE ISSUES

  1. Petrol prices are beginning to fall in Abuja as lower wholesale prices feed into retail prices at some filling stations.
  2. Marketers face the challenge of managing inventory purchased at higher prices as pump prices decline.
  3. Market volatility remains a major challenge for independent marketers operating in a deregulated petroleum market where prices respond to prevailing market conditions.

WHAT’S BEING SAID

“Marketers would continue to adjust to prevailing market conditions.” – Mr Chinedu Ukadike, National Publicity Secretary, Independent Petroleum Marketers Association of Nigeria

“The major challenge facing independent marketers is the volatility of the market.” – Mr Chinedu Ukadike, National Publicity Secretary, Independent Petroleum Marketers Association of Nigeria

WHAT’S NEXT

Marketers are expected to continue adjusting pump prices in response to movements in wholesale petrol prices and broader market conditions, while operators seek to manage losses on products purchased before the latest price reductions.

BOTTOM LINE

Petrol pump prices have begun to decline at some filling stations in Abuja, with reductions of up to N25 per litre recorded. The adjustments are coming as lower wholesale prices feed into the retail market, although marketers say price volatility remains a challenge for operators holding higher-priced inventory.

Abba Yusuf backs rotational presidency, urges North to support Tinubu

Abba Yusuf backs rotational presidency, urges North to support Tinubu

By
Kehinde Victor
-

KEY POINTS

• Kano Gov. Abba Kabir Yusuf says presidential power should continue to rotate between Nigeria’s Northern and Southern regions.

• Yusuf says each region should be allowed to complete two consecutive presidential terms before power returns to the other region.

• The governor urges Northern political stakeholders to support President Bola Tinubu’s second-term bid and conduct peaceful, issue-based campaigns ahead of the 2027 elections.

MAIN STORY

Gov. Abba Kabir Yusuf of Kano State has backed the continued rotation of presidential power between the Northern and Southern parts of Nigeria, saying each region should be allowed to complete two consecutive terms.

Yusuf stated this on Sunday at the Government House, Kano, while unveiling 50 vehicles donated by Chief Government Oweizide Ekpemupolo, popularly known as Tompolo, to support APC campaign mobilisation in the state ahead of the 2027 general elections.

The governor said his position was based on the principle that presidential power should rotate between the North and South, with each region given the opportunity to produce a president for two consecutive terms.

According to him, allowing each region to complete two terms would provide sufficient time for an administration to implement major policies, programmes and development projects.

Yusuf therefore called for support for President Bola Tinubu to complete a second term, saying this would allow the Southern region to complete its two-term cycle before presidential power returns to the North.

He urged political stakeholders, particularly in the North, to exercise patience and allow the current political arrangement to run its course.

“Power will return to the North after the completion of the Southern region’s two-term cycle in 2031,” he said.

Yusuf said rotational presidency should be viewed as a means of promoting fairness, national cohesion, mutual trust and a sense of belonging among Nigerians from different parts of the country.

The governor also called on politicians and political parties to conduct peaceful and issue-based campaigns ahead of the 2027 general elections.

He urged political actors to focus on policies, programmes and development plans rather than personal attacks, inflammatory rhetoric or actions capable of undermining peace.

Yusuf reaffirmed his administration’s commitment to peaceful democratic engagement and urged all stakeholders to place the unity, peace and development of Kano State and Nigeria above partisan differences.

THE ISSUES

  1. Gov. Abba Kabir Yusuf is supporting a rotational presidency in which political power alternates between the Northern and Southern regions, with each region completing two presidential terms.
  2. His position places him in support of President Bola Tinubu completing a second term before presidential power returns to the North in 2031.
  3. The governor is also calling for peaceful and issue-based political campaigns ahead of the 2027 general elections, with emphasis on policies and development rather than personal attacks and inflammatory rhetoric.

WHAT’S BEING SAID

“Power will return to the North after the completion of the Southern region’s two-term cycle in 2031.” – Gov. Abba Kabir Yusuf, Kano State

WHAT’S NEXT

Political stakeholders in Kano and across the North are expected to continue debates over the rotation of presidential power and the 2027 political contest, while the governor has called for patience and peaceful, issue-based engagement.

BOTTOM LINE

Kano Gov. Abba Kabir Yusuf has backed the continuation of presidential power rotation between the North and South, arguing that each region should complete two terms before power changes hands. He also urged Northern stakeholders to support Tinubu’s second-term bid and called for peaceful, issue-based campaigns ahead of 2027.

ICRC seeks private investment in infrastructure for critical minerals

ICRC seeks private investment in infrastructure for critical minerals

By
Kehinde Victor
-

KEY POINTS

• ICRC says roads, rail, ports and logistics infrastructure are needed to move Nigeria’s critical minerals from mines to processing and export markets.

• The commission says PPPs can help unlock private capital for infrastructure across the minerals value chain.

• Nigeria’s solid mineral exports reached N354bn in 2025, while the sector attracted more than $2.6bn in foreign direct investment over 30 months.

MAIN STORY

The Infrastructure Concession Regulatory Commission has called for greater private sector investment in roads, railways, ports and logistics infrastructure to support Nigeria’s growing critical minerals industry.

The ICRC Director General, Dr Jobson Ewalefoh, made the call while briefing journalists at the Nigeria US Critical Minerals and Infrastructure Investor Room Meeting held in New York on the margins of the 81st session of the United Nations General Assembly.

Ewalefoh said the infrastructure supporting the minerals value chain would be critical to translating the Nigeria US collaboration on solid minerals into commercial value.

He said minerals extracted from mining sites would require efficient transport networks to reach processing facilities and ports, making infrastructure investment an essential part of the opportunity created by the minerals partnership.

“Minerals will not fly to the processing plants. They will not fly to the ports.

“You need good roads, you need railways, you need ports, you need logistics infrastructure in place for these opportunities to achieve their value,” Ewalefoh said.

He said the ICRC’s participation in the investor meeting was aimed at attracting investment beyond mining itself, particularly into infrastructure required across the minerals value chain.

According to him, reforms to relevant laws have also been undertaken to improve the investment environment and provide greater protection for investors.

“There is the need for people to take advantage of this opportunity to invest in roads, rail, ports and the logistics where they will reap their investments.

“It is a value chain. We are only trying to be proactive, and I can tell you that the response has been fantastic,” he said.

Ewalefoh identified the minerals collaboration as one of two major investment milestones, alongside the agreement with DP World for a $7bn investment in the Ogun State Deep Sea Port.

He said the government had also developed a standard agreement template intended to protect investors against political, legal and financial risks.

“One ‌‍⁠‌‍⁠⁠‌⁠‍‍‌‌‍⁠‍‌thing that worries investors most is the safety of their investment.

“We have agreement template that guarantees safety, whether it is political, legal or financial risk, the template will mitigate it,” he said.

The ICRC director general attributed increased investor interest to support for infrastructure investment and improved coordination among government agencies.

He said the commission had worked to address the previous situation where government institutions operated independently, adding that greater coordination had helped remove obstacles to investment.

“With that support and enabling law in place, investors need not worry; before now, government agencies acted in silos, but we have been able to bring everybody together under the President’s leadership,” he said.

Ewalefoh said the commission now receives daily investment requests covering aviation, transportation, ports and other sectors, describing the country as open to business.

The investor meeting, led by the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, brought together government, industry, finance and infrastructure representatives from Nigeria and the United States.

Oduwole said Nigeria’s solid mineral exports reached N354bn in 2025, while the sector attracted more than $2.6bn in foreign direct investment over a 30 month period.

THE ISSUES

  1. Nigeria’s critical minerals opportunity depends not only on mining activity but also on the infrastructure required to transport minerals from extraction sites to processing facilities and export points.
  2. The ICRC is seeking to position public private partnerships as a financing route for roads, railways, ports and logistics infrastructure linked to the minerals value chain.
  3. Investor protection remains a key part of the commission’s pitch, with the ICRC citing legal reforms and a standard agreement template intended to address political, legal and financial risks.

WHAT’S BEING SAID

“You need good roads, you need railways, you need ports, you need logistics infrastructure in place for these opportunities to achieve their value,” – Dr Jobson Ewalefoh, Director General, Infrastructure Concession Regulatory Commission

“It is a value chain. We are only trying to be proactive, and I can tell you that the response has been fantastic,” – Dr Jobson Ewalefoh, Director General, Infrastructure Concession Regulatory Commission

WHAT’S NEXT

The ICRC said it would continue to receive and facilitate investment opportunities in infrastructure sectors including aviation, transportation and ports, as private capital is sought to support Nigeria’s infrastructure needs.

BOTTOM LINE

The ICRC is seeking private investment in the infrastructure needed to connect Nigeria’s critical minerals to processing and export markets. The commission says PPPs, legal reforms and stronger coordination among government agencies can help unlock that investment.

Super Eagles arrive Bissau for Guinea Bissau AFCON qualifier

Super Eagles arrive Bissau for Guinea Bissau AFCON qualifier

By
Kehinde Victor
-

KEY POINTS

• Nigeria’s Super Eagles have arrived in Bissau ahead of Tuesday’s 2027 Africa Cup of Nations qualifier against Guinea Bissau.

• The team travelled from Uyo after beating Madagascar 2 1 in their opening Group L fixture.

• Guinea Bissau also won their opening match, beating Tanzania 2 0 to move ahead of Nigeria on goal difference.

MAIN STORY

The Super Eagles have arrived in Bissau for Tuesday’s 2027 Africa Cup of Nations qualifying match against Guinea Bissau, with both teams entering the Group L fixture on three points.

Nigeria travelled from Uyo on Sunday, less than two days after recovering from a goal down to defeat Madagascar 2 1 at the Godswill Akpabio Stadium.

The squad completed its final training session in Uyo before leaving for Guinea Bissau aboard a chartered ValueJet flight.

Promise Efoghe, Super Eagles Media Officer, said the team departed the Victor Attah International Airport at about 5 p.m. and arrived at Osvaldo Vieira International Airport in Bissau at about 8:40 p.m.

“The Super Eagles had a final training session earlier on Sunday morning in Uyo before coach Eric Chelle and his players departed for Guinea-Bissau at about 5 p.m.

“The team went on board a chartered ValueJet flight,” Efoghe said.

Nigeria’s opening victory came after Madagascar took the lead, before George Ilenikhena equalised and Moses Usor completed the comeback in the second half. CAF confirmed Nigeria’s 2 1 victory, while Guinea Bissau began their campaign with a 2 0 away win over Tanzania.

The result leaves Guinea Bissau ahead of Nigeria on goal difference going into Tuesday’s encounter.

The match will be played at the Estádio Nacional 24 de Setembro in Bissau. Guinea Bissau, ranked 132nd in the world and 38th in Africa according to the supplied source, have faced Nigeria four times, winning once in the 2023 AFCON qualifiers.

Nigeria lost that meeting 1 0 at the MKO Abiola Stadium in Abuja.

Group L has an unusual qualification arrangement because Tanzania are already assured of a place at the 2027 tournament as one of the co hosts. CAF says Nigeria, Guinea Bissau and Madagascar are therefore competing for the remaining qualification place available to the highest ranked non host team in the group.

Tuesday’s meeting will therefore bring together the two teams that opened the qualifying campaign with victories, with Nigeria seeking to build on its home win in Uyo.

THE ISSUES

  1. Nigeria and Guinea Bissau both have three points after winning their opening fixtures, but Guinea Bissau hold the early advantage on goal difference.
  2. The qualification race in Group L is limited by Tanzania’s automatic place as a co host of the 2027 AFCON, leaving Nigeria, Guinea Bissau and Madagascar competing for the group’s available qualification position.
  3. Nigeria’s immediate challenge is an away fixture against a Guinea Bissau side that also started the campaign with a victory, after defeating Tanzania 2 0.

WHAT’S NEXT

The Super Eagles will face Guinea Bissau at the Estádio Nacional 24 de Setembro in Bissau on Tuesday in their second Group L qualifying fixture.

BOTTOM LINE

Nigeria arrive in Bissau with three points from their opening win over Madagascar, while Guinea Bissau also have three points after beating Tanzania. The result on Tuesday will affect the early positioning of both teams in the race for Group L’s available qualification place.

Guterres backs Obasanjo led efforts as Ethiopia fighting escalates

Guterres backs Obasanjo led efforts as Ethiopia fighting escalates

By
Kehinde Victor
-
Guterres

KEY POINTS

• UN Secretary General António Guterres has backed African Union efforts led by former Nigerian President Olusegun Obasanjo to ease renewed tensions in northern Ethiopia.

• The UN chief expressed concern over fighting around Tigray and the reported seizure of airports in Mekelle, Axum and Shire.

• He called for de escalation, civilian protection, humanitarian access and renewed negotiations under the Pretoria Agreement.

MAIN STORY

UN Secretary General António Guterres has thrown his support behind renewed African Union diplomatic efforts in Ethiopia as fighting in the northern Tigray region threatens to undermine the peace process that ended the country’s previous war.

In a statement issued through his spokesperson, Stéphane Dujarric, Guterres expressed grave concern over the deteriorating security situation, including the reported seizure and occupation of the airports in Mekelle, Axum and Shire.

The UN said fighting had intensified in and around Tigray, with reports that hostilities were spreading into neighbouring areas. Guterres warned the parties against actions that could lead to a broader and more destructive conflict.

He called on all sides to exercise maximum restraint and immediately reduce tensions, while stressing the need to protect civilians and ensure safe and unhindered access for humanitarian organisations.

The UN chief also endorsed the African Union’s efforts to bring the parties back to negotiations, specifically supporting the engagement of former Nigerian President Olusegun Obasanjo.

Obasanjo, who serves as the AU High Representative for the Horn of Africa, has been asked by AU Commission Chairperson Mahmoud Ali Youssouf to urgently re engage the parties as the organisation seeks to prevent further escalation and preserve the peace process.

The AU has called for the immediate cessation of actions that could worsen tensions and urged the parties to resume direct talks under the framework of the Pretoria Agreement.

The agreement, signed in Pretoria on November 2, 2022, ended the two year war between Ethiopia’s federal government and the Tigray People’s Liberation Front. Obasanjo led the AU mediation effort, alongside former Kenyan President Uhuru Kenyatta and former South African Deputy President Phumzile Mlambo Ngcuka.

The peace agreement established a permanent cessation of hostilities and provided for humanitarian access, restoration of essential services, disarmament, reconciliation and political dialogue.

The latest escalation has centred partly on civilian airports in Tigray. The AU said Tigrayan forces seized and occupied the airports in Mekelle, Axum and Shire and detained federal personnel, developments it said were inconsistent with commitments under the Pretoria Agreement.

The renewed violence comes amid broader signs of instability in Ethiopia. Recent reports indicate that armed groups, including the Tigray People’s Liberation Front, have joined a wider opposition alliance challenging the federal government, while fighting has also spread beyond Tigray.

Guterres has therefore urged the parties to abandon military escalation and return to good faith negotiations, with the immediate focus on reducing tensions, protecting civilians and maintaining humanitarian access.

THE ISSUES

  1. The renewed fighting puts the Pretoria Agreement under pressure after the accord brought an end to the major Tigray conflict in 2022. The AU has reaffirmed the agreement as the basis for continued peace, stability and reconciliation in Ethiopia.
  2. The seizure of the three civilian airports has disrupted air services and become a major point of concern for regional and international actors. The AU has described the occupation of the facilities as inconsistent with the commitments made under the peace agreement.
  3. Civilian protection and humanitarian access are immediate concerns as fighting intensifies and spreads into neighbouring areas. The UN has specifically called for safe and unhindered access for humanitarian partners to people in need.

WHAT’S BEING SAID

“The Secretary General reiterates his support to efforts by the African Union, including the engagement of former President Olusegun Obasanjo, aimed at reducing tensions and re engaging the parties to resume talks in good faith under the framework of the Pretoria Agreement.” – Stéphane Dujarric, Spokesperson for the UN Secretary General

“The Chairperson calls for utmost restraint and the immediate cessation of all actions that could further escalate tensions.” – Mahmoud Ali Youssouf, Chairperson, African Union Commission

WHAT’S NEXT

The AU has asked Obasanjo to urgently engage the parties, while the UN is calling for the resumption of negotiations under the Pretoria Agreement. Both organisations are also pressing for de escalation and protection of civilians.

BOTTOM LINE

The UN has backed the AU’s renewed diplomatic intervention as fighting in northern Ethiopia threatens the Pretoria peace framework. Obasanjo is being called upon to re engage the parties as international pressure grows for a return to negotiations.

NGX market capitalisation rises N1.5trn in weekly trading

APM faults Okpebholo over Nigeria UK fuel price comparison

By
Kehinde Victor
-

KEY POINTS

• Allied People’s Movement says Edo Governor Monday Okpebholo’s comparison of Nigerian and UK petrol prices ignores differences in income and purchasing power.

• The party says Nigerians should not be told to accept rising fuel costs based solely on nominal price comparisons.

• APM called for greater sensitivity from public officials when discussing issues affecting household finances.

MAIN STORY

The Allied People’s Movement has criticised Edo State Governor Monday Okpebholo over his comparison of petrol prices in Nigeria and the United Kingdom, arguing that the assessment does not account for differences in income and purchasing power.

The party’s National Publicity Secretary, Abubakar Yusuf, raised the concerns in a statement issued on Sunday in Abuja.

Okpebholo had defended the prevailing cost of petrol in Nigeria by pointing to the higher naira equivalent of petrol prices in the UK. He made the comparison on September 24 while speaking at the “Operation Rescue Benin Asaba Road” event in Edo State. Reports of the remarks said he put the UK price at about N3,000 per litre after conversion and described Nigeria as doing well in comparison.

Reacting, the APM said a comparison based only on pump prices failed to reflect the economic burden on consumers in the two countries.

The party said the purchasing power of an average wage earner in the UK was substantially different from that of a Nigerian worker, making a direct comparison of petrol prices insufficient for assessing affordability.

“It is to say the least callous for a state governor to attempt the benchmark petrol price in Nigeria with that of the UK where the purchasing power of an average wage earner is more than £2,636 (N4.6 million) monthly compared to the paltry N70,000 monthly minimum wage earned by their peers in Nigeria,” Yusuf said.

The party said assessments of fuel costs should take account of wider economic conditions, including domestic incomes and purchasing power, rather than relying on converted prices.

It also cautioned public officeholders against statements that could increase public anxiety at a time of economic adjustment, urging greater sensitivity when addressing issues that directly affect household budgets.

The APM further compared Nigerian petrol prices with those in other oil producing countries, citing Libya and Iran as examples where, according to the party, petrol sells for the equivalent of between N41 and N52 per litre.

The party urged Nigerians to remain engaged in civic affairs and participate in the electoral process as a means of influencing future governance priorities.

THE ISSUES

  1. The dispute centres on how petrol affordability should be assessed. The APM argues that comparing the nominal naira equivalent of prices in Nigeria and the UK does not by itself account for differences in wages and purchasing power.
  2. Fuel prices have a direct effect on household budgets, making statements by public officials about the cost of petrol particularly significant in public discussions about living standards and economic policy.
  3. The APM’s response also highlights the wider political debate over how Nigerians should assess economic conditions, with the party urging citizens to remain engaged in the electoral process.

WHAT’S BEING SAID

“It is to say the least callous for a state governor to attempt the benchmark petrol price in Nigeria with that of the UK where the purchasing power of an average wage earner is more than £2,636 (N4.6 million) monthly compared to the paltry N70,000 monthly minimum wage earned by their peers in Nigeria,” – Abubakar Yusuf, National Publicity Secretary, Allied People’s Movement

“What Gov. Okpebholo failed to tell Nigerians is the fact that in other oil producing countries such as Libya and even Iran, which is presently at war, petrol is sold at an average of equivalent of N41 to N52 per litre,” – Allied People’s Movement

“We, therefore, urge Nigerians to remain steadfast as they rally to forge a new beginning for our nation on the platform of the APM,” – Allied People’s Movement

WHAT’S NEXT

The APM said it would continue urging Nigerians to remain engaged in the electoral process and called for greater attention to economic issues affecting citizens.

BOTTOM LINE

The APM has challenged the use of the UK petrol price as a basis for defending Nigeria’s fuel costs, arguing that income and purchasing power must also be considered. Governor Okpebholo’s original comparison was based on the nominal converted price of petrol in the UK.

Nigeria, Namibia firms sign deal for Africa trade summit

NGX market capitalisation rises N1.5trn in weekly trading

By
Kehinde Victor
-

KEY POINTS

  • NGX All Share Index rose 0.92 per cent to 252,113.41 during the week.
  • Market capitalisation increased by N1.498 trillion to N163.655 trillion.
  • Equity turnover rose to 4.689 billion shares valued at N240.824 billion.
  • Financial Services led trading activity with 3.537 billion shares.

MAIN STORY

Trading on the Nigerian Exchange Ltd. (NGX) ended the week higher, with the All Share Index and market capitalisation gaining 0.92 per cent.

The All Share Index closed at 252,113.41, up from 249,804.56 recorded at the end of the previous week.

Market capitalisation also increased to N163.655 trillion from N162.157 trillion, adding N1.498 trillion to the value of listed equities during the week.

Trading activity was also higher in terms of volume and value. Investors exchanged 4.689 billion shares worth N240.824 billion in 261,198 deals, compared with 3.249 billion shares valued at N237.986 billion in 287,919 deals recorded in the preceding week.

The Financial Services Industry dominated the market by volume, accounting for 3.537 billion shares valued at N116.666 billion across 115,985 deals. The sector represented 75.43 per cent of total equity turnover volume and 48.44 per cent of its value.

The ICT Industry ranked second, with 279.827 million shares worth N15.773 billion traded in 29,520 deals, while the Conglomerates Industry followed with 154.165 million shares valued at N6.621 billion in 4,540 deals.

Fidelity Bank Plc, Fortis Global Insurance Plc and Zenith Bank Plc were the three most traded equities during the week, with combined transactions of 2.020 billion shares worth N54.057 billion in 21,385 deals.

Their combined activity represented 43.08 per cent of total equity turnover volume and 22.45 per cent of turnover value.

Market breadth also improved, with 61 equities recording price gains compared with 52 in the previous week. Thirty two equities declined, unchanged from the preceding week, while 53 equities remained flat, compared with 63 previously.

Critical Minerals Financing Corp., Thomas Wyatt Nigeria Plc, UPDC Plc, Omatek Ventures Plc and Fortis Global Plc recorded the largest price increases, rising by N1.22, 65k, 75k, 28k and 35k, respectively.

Haldane McCall Plc, Champion Breweries Plc, TotalEnergies Marketing Nigeria Plc, Okomu Oil Palm Company Plc and Multiverse Mining and Exploration Plc led the decliners, with their prices falling by 60k, N1.30, N57.60, N141.80 and N2.10, respectively.

Despite the broad upward movement, three indices closed lower. The NGX Insurance, NGX Lotus II and NGX Sovereign Bond indices fell by 0.52 per cent, 0.13 per cent and 0.003 per cent, respectively.

THE ISSUES

  1. The N1.498 trillion increase in market capitalisation reflects the overall rise in the value of listed equities during the week, as the All Share Index also advanced by 0.92 per cent.
  2. Trading activity increased in share volume and value compared with the previous week, although the number of deals declined from 287,919 to 261,198.
  3. Financial Services remained the dominant sector in equity trading, contributing more than three quarters of total turnover volume and almost half of its value.
  4. Market breadth strengthened during the week, with 61 equities gaining against 32 decliners, while the number of unchanged stocks fell to 53.

WHAT’S NEXT

Trading on the NGX will continue with investors monitoring movements in listed equities and sector activity following the week’s gains.

BOTTOM LINE

The NGX ended the week with a 0.92 per cent rise in its All Share Index and a N1.498 trillion increase in market capitalisation. Higher trading volume, stronger market breadth and continued dominance by financial stocks characterised the week.

DRC warns against ‘blood stained minerals’ in green transition

Nigeria, Namibia firms sign deal for Africa trade summit

By
Kehinde Victor
-

KEY POINTS

• Blissomo International Ltd. and MT Events and Projects Management CC signed an MoU to develop the Africa Cross Border Commerce and Investment Summit.

• The agreement was signed virtually at the Nigerian and Namibian missions in Abuja and Windhoek.

• Stakeholders said the initiative would promote business partnerships, trade and investment between Nigeria, Namibia and other African markets.

MAIN STORY

Blissomo International Ltd. of Nigeria and Namibia based MT Events and Projects Management CC have entered into a partnership to develop the Africa Cross Border Commerce and Investment Summit.

The Memorandum of Understanding was signed simultaneously at the Nigerian and Namibian missions in Abuja and Windhoek through a virtual ceremony.

Namibia’s High Commissioner to Nigeria, Walde Ndevashiya, said the proposed summit would provide businesses with a platform to identify markets, partners, investors and commercial opportunities across Africa.

He said the partnership reflected the role the private sector could play in turning African economic cooperation into practical business relationships, noting that Nigeria and Namibia needed to deepen ties beyond government to government engagement.

According to Ndevashiya, stronger business to business, private sector and people to people relationships could support trade, investment, employment and shared prosperity.

He said the two countries already maintained cooperation in areas including trade and investment, energy and oil and gas, tourism, creative industries, culture and business networking.

“This MOU therefore comes at an important moment. It provides a practical platform for connecting businesses, opening markets and developing partnerships across our two countries and, importantly, across the African continent,” he said.

Ndevashiya said the initiative also supported the wider African objective of increasing intra African trade and investment under the African Continental Free Trade Area, AfCFTA.

He assured the companies involved of the continued support of the Namibian High Commission in Abuja in efforts to strengthen economic ties between both countries.

Namibia’s Minister of Home Affairs, Immigration, Safety and Security, Lucia Iipumbu, said the partnership grew from contacts established at a business dinner organised in Namibia.

She said the event brought together Nigerian and Namibian businesswomen and other stakeholders, with some of the relationships subsequently developing into business partnerships.

Iipumbu encouraged other business people to use similar platforms to establish cross border partnerships, describing the development as an example of the African proverb that “where there is a will, there is a way”.

Representing the Deputy Director, WTO, Trade Department, Federal Ministry of Industry, Trade and Investment, Abu Ali Ndah, Dayo Okewole said the ministry welcomed the partnership between the two companies.

Ndah described the agreement as a significant step towards developing the proposed summit and congratulated the companies for their commitment to advancing economic integration in Africa.

“Today’s event is not just a ceremony. It is a practical step towards realising the profound economic aspirations of our continent,” he said.

Chief Executive Officer of Blissomo International Ltd., Dr Blessing Irabor Oza, said the MoU formalised a partnership built around a shared vision for stronger commercial connections across Africa.

She said African businesses could generate greater value when they were connected to suitable markets, capital, knowledge, people, institutions and opportunities across borders.

According to Irabor Oza, the partnership would support stronger links among African businesses and improve access to commercial opportunities across the continent.

THE ISSUES

  1. The proposed summit is designed to move Nigeria Namibia economic relations beyond official engagements by creating a business focused platform where companies can pursue markets, partnerships, investment and commercial transactions.
  2. The initiative places private sector participation at the centre of cross border economic cooperation, with the partnership emerging from business contacts established between Nigerian and Namibian stakeholders.
  3. The summit is also positioned within the wider push for greater intra African trade and investment under AfCFTA, with the participating companies seeking to connect businesses across national markets.

WHAT’S BEING SAID

“Today’s event is not just a ceremony. It is a practical step towards realising the profound economic aspirations of our continent.” – Abu Ali Ndah, Deputy Director, WTO, Trade Department, Federal Ministry of Industry, Trade and Investment

“This MOU therefore comes at an important moment. It provides a practical platform for connecting businesses, opening markets and developing partnerships across our two countries and, importantly, across the African continent. – Walde Ndevashiya, Namibia High Commissioner to Nigeria

WHAT’S NEXT

The proposed Africa Cross Border Commerce and Investment Summit is expected to bring together businesses, investors and other stakeholders to explore trade and investment opportunities and develop partnerships across African markets.

BOTTOM LINE

The agreement gives formal backing to a Nigeria Namibia private sector initiative aimed at connecting businesses with markets, capital and investment opportunities across Africa.

Africa Magic to air documentary celebrating Olu Jacobs

AfDB launches free AI training for African public servants

By
Kehinde Victor
-

KEY POINTS

• AfDB, UNDP AI Hub for Sustainable Development, Google and Apolitical have launched free AI training for African public servants.

• The Government AI Campus programme covers AI fundamentals, leadership and government procurement.

• The AfDB says inclusive AI deployment could add $1tn to Africa’s GDP by 2035.

MAIN STORY

African public servants will have access to free training on artificial intelligence under a new partnership involving the African Development Bank, UNDP AI Hub for Sustainable Development, Google and Apolitical.

The programme, launched on the sidelines of the 81st session of the United Nations General Assembly, is designed to improve public officials’ understanding of AI and their ability to apply the technology in government.

The training is being delivered through Apolitical’s Government AI Campus initiative, with courses covering AI fundamentals, leadership and the use of AI in public procurement.

The programme also addresses the opportunities and risks associated with AI adoption, alongside strategies for building trust, fostering innovation within government and improving procurement processes.

According to the African Development Bank, Stanford University Online and SDA Bocconi School of Management developed the training content, while Google and Apolitical provide the learning platform.

Ousmane Fall, AfDB Director for Industrial and Trade Development, said stronger understanding of AI among public sector workers would be important if African countries are to translate the technology’s potential into productivity gains.

He said the initiative was the first step towards implementing recommendations contained in an AfDB report examining AI productivity gains and inclusive economic transformation.

The report projects that inclusive deployment of AI could contribute as much as $1tn to Africa’s gross domestic product by 2035.

Fall said the report identified skills and trusted governance among five key conditions needed for Africa to capture the potential economic benefits of AI.

Keyzom Massally, Director of the AI Hub for Sustainable Development and UNDP Head of Digital and AI Programmes, said governments across Africa required support to strengthen their institutional and technical capacity as AI develops.

She said the AI Hub for Sustainable Development is a G7 endorsed initiative jointly led by the UNDP and Italy’s Ministry of Enterprises and Made in Italy, and aligned with Italy’s Mattei Plan for Africa.

The AfDB is a founding member of the initiative’s Executive Steering Group.

The training is self paced and open to serving government officials and public servants in AfDB regional member countries at no cost.

Eligible participants include officials involved in AI related public service delivery, digital infrastructure, public private partnerships and innovation.

THE ISSUES

  1. The programme focuses on building AI capacity within government, covering both technical understanding and the practical use of the technology in areas such as public procurement and service delivery.
  2. The AfDB’s projection of a potential $1tn addition to Africa’s GDP by 2035 places skills development and effective governance among the factors that could determine whether the continent captures the economic benefits of AI.
  3. The training is targeted at serving public officials across AfDB regional member countries, giving government workers involved in digital infrastructure, innovation and public private partnerships access to the courses without a fee.

WHAT’S BEING SAID

“AI is changing how we work. It promises major productivity gains if users fully understand its application.”

Ousmane Fall, AfDB Director for Industrial and Trade Development

“As the AI landscape continues to evolve, governments across Africa need timely support.”

Keyzom Massally, Director of the AI Hub for Sustainable Development and UNDP Head of Digital and AI Programmes

WHAT’S NEXT

The self paced training is open for enrolment to eligible serving government officials and public servants in AfDB regional member countries.

BOTTOM LINE

The partnership gives African public servants access to free training aimed at improving practical understanding and use of AI in government. The AfDB says stronger skills and trusted governance will be among the conditions needed to realise AI’s potential economic contribution to Africa.

Tedros urges countries to prepare for next pandemic

Nigerians deserve governance, not campaign food, CNI says

By
Kehinde Victor
-

KEY POINTS

• Concerned Nation Builders Initiative says election campaigns should focus on governance and development issues rather than food distribution.

• The group wants candidates to present clear programmes on jobs, education, healthcare, infrastructure, security and the economy.

• It also urged voters to demand accountability and assess candidates based on their records and proposed programmes.

MAIN STORY

The Concerned Nation Builders Initiative has called for a shift from material inducements to issue based political campaigns, saying Nigerians should demand good governance and effective representation from candidates seeking public office.

Mr Sultan Teslim, Project Manager of the non governmental organisation, made the call in an interview with the News Agency of Nigeria in Lagos on Saturday.

Teslim said political campaigns should give voters clear information about how candidates intend to address economic development, employment, education, healthcare, infrastructure and security challenges.

He said candidates should present realistic programmes that respond to the needs of their constituents rather than treating voters as beneficiaries of temporary gifts during election periods.

“Nigerians deserve good governance and quality representation, not food items that are shared during campaigns and forgotten immediately after elections,” he said.

Teslim also urged candidates to engage voters through discussions on their policies, programmes and development plans rather than relying on material inducements to gain support.

He said citizens, on their part, should demand accountability from elected representatives and consider their records, competence and proposed programmes when assessing candidates.

“Good representation required leaders to remain accessible to their constituents and responsive to the needs of the communities they represented,” he said.

He called on political parties and candidates to prioritise issue based campaigns, saying this would support more meaningful participation by citizens in the democratic process.

“Campaigns should be about what candidates intend to do for the people, how they will do it and how they intend to account for the resources entrusted to them,” he said.

Teslim further urged civil society organisations, community leaders and the media to strengthen voter education and encourage informed participation in elections.

He said CNI would continue to support initiatives focused on responsible leadership, active citizenship, human capacity development and community driven development.

The project manager also appealed to Nigerians to look beyond immediate material benefits and demand policies capable of improving living conditions and creating opportunities for future generations.

“A bag of food may address an immediate need, but good governance, quality representation and sound policies can address the causes of poverty and create lasting opportunities, ” he said.

Teslim urged politicians to use election campaigns to present their development vision and build public confidence through credible commitments.

He also said citizens should expect measurable results from elected representatives and demand accountability throughout their tenure.

THE ISSUES

  1. The CNI is calling for political campaigns to focus on issues that directly affect citizens, including employment, education, healthcare, infrastructure, security and economic development.
  2. The organisation argues that temporary material support during campaigns should not substitute for policies and programmes capable of addressing longer term socio economic challenges.
  3. The call also places responsibility on voters to scrutinise candidates and demand accountability from those elected, while urging civil society groups, community leaders and the media to strengthen voter education.

WHAT’S BEING SAID

“Nigerians deserve good governance and quality representation, not food items that are shared during campaigns and forgotten immediately after elections.”

Sultan Teslim, Project Manager, Concerned Nation Builders Initiative

“Campaigns should be about what candidates intend to do for the people, how they will do it and how they intend to account for the resources entrusted to them.”

Sultan Teslim, Project Manager, Concerned Nation Builders Initiative

“A bag of food may address an immediate need, but good governance, quality representation and sound policies can address the causes of poverty and create lasting opportunities, ”

Sultan Teslim, Project Manager, Concerned Nation Builders Initiative

WHAT’S NEXT

Teslim said CNI would continue advocating responsible leadership, active citizenship, human capacity development and community driven development. He also called on civil society organisations, community leaders and the media to intensify voter education.

BOTTOM LINE

CNI wants election campaigns to centre on candidates’ policies, programmes and commitments rather than short term material benefits. It also urged citizens to demand measurable results and accountability from elected representatives.

UN leaders renew push for stronger pandemic preparedness

DRC warns against ‘blood stained minerals’ in green transition

By
Kehinde Victor
-

KEY POINTS

  • DRC Prime Minister Judith Suminwa warns against sourcing critical minerals through conflict and exploitation.
  • She says the country continues to face armed violence and displacement in its resource rich eastern region.
  • The DRC wants greater local processing, jobs, technology and value creation from its mineral resources.
  • Suminwa says existing peace commitments require implementation rather than additional agreements.

MAIN STORY

The Democratic Republic of Congo (DRC) has warned that the global push towards net zero emissions must not create another cycle of conflict and dependency around critical minerals.

Prime Minister Judith Suminwa, speaking at the 81st session of the United Nations General Assembly in New York, said the transition to a decarbonised economy could not be built on what she described as “blood stained minerals”.

“We will not bring about a just transition by reproducing a greenwashed version of our past dependencies,” she said.

Suminwa said the warning was particularly relevant to the DRC, which is a major source of minerals required for batteries, energy systems and digital technologies.

She said the country remained affected by armed conflict in its eastern region, accusing Rwanda of leading what she described as a war of aggression through its proxy, the AFC/M23.

She also identified the Allied Defense Forces (ADF) and CODECO as armed groups contributing to the humanitarian crisis.

The Prime Minister spoke against the backdrop of prolonged insecurity and displacement in the resource rich eastern region, where a deadly Ebola outbreak was also spreading.

She said the situation exposed the difference between international commitments and the lived experiences of people in the DRC.

Suminwa pointed to the peace agreement signed between the DRC and Rwanda in Washington, DC, in June 2025 as one development that had created prospects for ending the violence.

However, she said the agreement had yet to translate into peace for millions of Congolese.

She also cited UN Security Council Resolution 2773 (2025), which called for an effective cessation of hostilities, withdrawal of Rwandan forces and restoration of State authority.

According to Suminwa, implementing existing commitments was more important than negotiating additional agreements.

“But we don’t need new texts to replace those that have already been adopted,” she said.

She also addressed the situation involving the Democratic Forces for the Freedom of Rwanda (FDLR), recalling a protocol signed in May that provided for the disarmament and demobilisation of its combatants.

Suminwa said continued implementation was needed to turn the agreement into concrete security gains.

Earlier in September, the UN peacekeeping mission in the DRC, MONUSCO, supported the repatriation of 120 people associated with the group.

She described the repatriation as “a first testament to the protocol’s implementation”, saying such measures could help address longstanding security concerns.

Beyond the security crisis, Suminwa focused on the growing international demand for copper, cobalt, lithium, nickel and other critical minerals needed for the energy transition and digital and artificial intelligence infrastructure.

She said the DRC was central to this transition, noting its position as the world’s largest cobalt producer and a major copper producer.

The Prime Minister argued that the economic benefits of the mineral boom should reach the communities and countries supplying the resources.

“It would be both unjust and dangerous for added value, jobs, know-how, and technologies to remain concentrated far away from the communities that are making these changes possible,” she warned.

She said the DRC rejected a model in which producer countries focus on extraction while processing, research, technology and most of the profits remain elsewhere.

Going forward, Suminwa said the country wanted to work with African and international partners to develop competitive regional businesses capable of creating jobs, skills and shared prosperity.

THE ISSUES

  1. The DRC is linking the global demand for critical minerals to the conditions under which those resources are extracted, arguing that the energy transition should not reproduce economic and security problems associated with the traditional extractive model.
  2. The country’s mineral resources are increasingly important to the energy transition and digital technologies, while its eastern region continues to experience armed conflict and displacement. Suminwa therefore placed resource development alongside the need for greater security.
  3. The Prime Minister’s comments also focused on value addition. The DRC wants processing, research, technology, jobs and expertise to be developed closer to the communities and countries where critical minerals are produced.
  4. On the security front, Suminwa said existing agreements and UN resolutions already provide a framework for addressing the conflict. Her emphasis was on implementation of those commitments rather than negotiating additional texts.

WHAT’S BEING SAID

“We will not bring about a just transition by reproducing a greenwashed version of our past dependencies. – Judith Suminwa, Prime Minister of the DRC

“But we don’t need new texts to replace those that have already been adopted. – Judith Suminwa, Prime Minister of the DRC

“It would be both unjust and dangerous for added value, jobs, know-how, and technologies to remain concentrated far away from the communities that are making these changes possible. – Judith Suminwa, Prime Minister of the DRC

WHAT’S NEXT

Suminwa said the DRC would work with African and international partners to develop competitive regional businesses around its mineral resources, while continued implementation of existing peace and security commitments remains central to addressing conflict in the east.

BOTTOM LINE

The DRC wants the global demand for critical minerals to translate into local jobs, technology, processing and industrial capacity rather than reinforce an extraction based model. Suminwa also called for existing peace commitments to be implemented as the country continues to confront insecurity in its resource rich east.

NNPC welcomes $800m FID on Ima gas project

Africa Magic to air documentary celebrating Olu Jacobs

By
Kehinde Victor
-

KEY POINTS

  • Africa Magic Showcase will air a documentary celebrating the life and career of Olu Jacobs.
  • The documentary was originally produced in 2022 for the actor’s 80th birthday.
  • It features contributions from Joke Silva, Richard Mofe Damijo, Patience Ozokwor, Kate Henshaw and others.
  • Jacobs died on Sept. 16 at the age of 84.

MAIN STORY

Africa Magic Showcase is set to broadcast a documentary celebrating the life and career of veteran Nigerian actor Oludotun Jacobs, popularly known as Olu Jacobs.

The documentary, titled Doyen of Nollywood: Celebrating Olu Jacobs, is scheduled to air on Friday, according to the official DStv programme listing.

It will be rebroadcast on Sept. 26, 28 and 30, with further broadcasts scheduled on Africa Magic Epic and Africa Magic Family.

The broadcast comes shortly after the death of Jacobs on Sept. 16 at the age of 84.

Directed by filmmaker Femi Odugbemi and produced by Zuri 24 Media, the documentary follows Jacobs’ career across theatre, television and film.

It was originally produced in 2022 to mark his 80th birthday and features reflections on his entry into acting, his career and his contribution to Nigeria’s entertainment industry.

Among those featured are his wife and fellow actress Joke Silva, Taiwo Ajai Lycett, Afolabi Adesanya, Richard Mofe Damijo, Patience Ozokwor, Kate Henshaw and journalist Jahman Anikulapo.

Jacobs trained at the Royal Academy of Dramatic Art in London and spent more than five decades working in British theatre and television before becoming a prominent figure in Nigeria’s film industry.

He co founded the Lufodo Group and the Lufodo Academy of Performing Arts with Silva, further extending his contribution to the development of the performing arts in Nigeria.

Jacobs was also recognised with several industry honours during his career, including the Africa Movie Academy Award for Best Actor in a Leading Role in 2007 and the Industry Merit Award at the 2013 Africa Magic Viewers’ Choice Awards.

In 2011, he was conferred with the Nigerian national honour of Member of the Order of the Federal Republic (MFR) for his contributions to the Nigerian film industry and arts.

He is reported to have appeared in no fewer than 120 Nollywood films during his career.

THE ISSUES

  1. The documentary provides a retrospective account of Jacobs’ career across British and Nigerian theatre, television and film, bringing together reflections from colleagues, family and other figures in the entertainment industry.
  2. Its television broadcast follows Jacobs’ death at 84 and gives audiences an opportunity to revisit a career that spanned more than five decades.
  3. The documentary also records Jacobs’ contribution beyond acting through the Lufodo Group and Lufodo Academy of Performing Arts, which he co founded with Joke Silva.

WHAT’S NEXT

The documentary will air on Africa Magic Showcase on Friday, followed by repeat broadcasts on Sept. 26, 28 and 30. Additional broadcasts are also scheduled on Africa Magic Epic and Africa Magic Family.

BOTTOM LINE

Doyen of Nollywood: Celebrating Olu Jacobs will revisit the career and legacy of one of Nigeria’s most recognised actors following his death at 84. The documentary combines archival reflections and contributions from colleagues, family members and industry figures.

Tedros urges countries to prepare for next pandemic

Tedros urges countries to prepare for next pandemic

By
Kehinde Victor
-

KEY POINTS

  • WHO says COVID 19 killed at least 20 million people and caused more than $10 trillion in economic losses.
  • Tedros says the next pandemic is a matter of when, not if.
  • WHO has introduced 12 initiatives to strengthen global health security since COVID 19.
  • Countries are still negotiating the Pathogen Access and Benefit Sharing system under the WHO Pandemic Agreement.

MAIN STORY

The World Health Organization (WHO) has urged countries to apply lessons from the COVID 19 pandemic and strengthen preparations for future global health emergencies.

WHO Director General, Dr Tedros Ghebreyesus, made the call on Friday during an online news conference, describing COVID 19 as the most severe global health crisis in a century.

He said the pandemic killed at least 20 million people and caused more than $10 trillion in losses to the global economy, while exposing weaknesses in global health security and worsening existing vulnerabilities.

According to Tedros, the experience demonstrated that countries cannot afford to treat pandemic preparedness as a temporary priority.

He said the next pandemic would come at some point, making preparation a question of when rather than whether another major outbreak would occur.

Tedros pointed to the ongoing Bundibugyo Ebola virus disease outbreak in the Democratic Republic of the Congo as evidence that outbreaks can emerge in any location and pose risks beyond national borders.

He also cited the recent hantavirus outbreak aboard the MV Hondius, saying the incident demonstrated the need for countries to work together when health threats cross borders. He said cooperation between countries and partners, including Spain, helped bring the outbreak under control.

Since the COVID 19 pandemic, WHO has established 12 initiatives covering six major areas of global health security, according to Tedros.

Among them is the Pandemic Fund, established with the World Bank to strengthen financing for preparedness, alongside the Universal Health and Preparedness Review, which is intended to strengthen national preparedness capacities.

WHO also established the WHO Hub for Pandemic and Epidemic Intelligence in Berlin to improve disease surveillance and early warning systems.

Efforts to expand access to vaccines and other health technologies include COVAX, the mRNA Technology Transfer Programme and the Biomanufacturing Workforce Training Initiative.

The organisation also established the BioHub in Switzerland to facilitate international sharing of pathogen samples, while the Global Health Emergency Corps was created to strengthen countries’ capacity to respond to health emergencies.

Tedros noted that member states adopted amendments to the International Health Regulations in 2024, strengthening the international legal framework for pandemic prevention, preparedness and response.

They subsequently adopted the WHO Pandemic Agreement in 2025, which he described as a landmark international legal instrument for strengthening global pandemic preparedness.

The remaining component is the Pathogen Access and Benefit Sharing system, which member states are negotiating as part of the pandemic preparedness framework.

Tedros expressed confidence that countries would resolve their outstanding differences and reach an agreement on the system, which he said was necessary for countries to begin ratifying the Pandemic Agreement and for the agreement to enter into force.

He also rejected claims that the Pandemic Agreement represents a transfer of national sovereignty to WHO, describing such claims as misinformation.

According to him, the agreement was negotiated and adopted by sovereign countries acting in their own national interests. He said the cross border nature of pandemic threats made cooperation necessary.

Tedros said a system in which countries responded to pandemics individually would not work, adding that the same principle was reflected in the political declaration under consideration at the UN high level meeting.

He said the declaration contains commitments to concrete, measurable and urgent action to close existing gaps in pandemic prevention, preparedness and response.

Tedros thanked WHO member states for their commitment and commended Armenia and Rwanda, which co chaired the negotiations on the political declaration.

He said WHO was looking forward to the adoption of the declaration and would support countries in implementing the commitments they make.

THE ISSUES

  1. COVID 19 demonstrated the scale of the human and economic consequences that can result from inadequate pandemic preparedness, with the WHO putting the death toll at at least 20 million and the economic losses at more than $10 trillion.
  2. The health threats cited by Tedros extend beyond COVID 19. The Ebola outbreak in the Democratic Republic of the Congo and the hantavirus outbreak aboard the MV Hondius were presented as examples of how outbreaks can create risks that cross national borders.
  3. WHO’s post COVID 19 response has focused on surveillance, financing, vaccine access, pathogen sharing and emergency response capacity through 12 initiatives covering six areas of global health security.
  4. The Pathogen Access and Benefit Sharing system remains a key unresolved element of the pandemic preparedness framework. Its completion is linked to the process of ratifying and bringing the WHO Pandemic Agreement into force.

WHAT’S BEING SAID

“The next pandemic was not a question of if it would occur, but when.” – Dr Tedros Ghebreyesus, WHO Director General

“Shared threats require shared responses. – Dr Tedros Ghebreyesus, WHO Director General

“An approach in which every country acted alone would not work against pandemics. – Dr Tedros Ghebreyesus, WHO Director General

WHAT’S NEXT

Countries are expected to continue negotiations on the Pathogen Access and Benefit Sharing system, while WHO prepares to support member states in implementing commitments contained in the political declaration under consideration at the UN high level meeting.

BOTTOM LINE

WHO is urging countries to treat pandemic preparedness as a sustained global priority rather than a response activated only during major outbreaks. Tedros said stronger international cooperation and completion of the remaining pandemic preparedness framework are necessary to prepare for future health emergencies.

UN leaders renew push for stronger pandemic preparedness

UN leaders renew push for stronger pandemic preparedness

By
Kehinde Victor
-

KEY POINTS

  • World leaders renewed calls for sustained investment and cooperation on pandemic prevention and preparedness.
  • WHO says progress since 2023 includes the Pandemic Agreement and amendments to international health rules.
  • Negotiations on the Pathogen Access and Benefit Sharing system remain a key step in implementing the agreement.
  • Leaders called for stronger health systems, financing and equitable access to vaccines, diagnostics and therapeutics.

MAIN STORY

World leaders have renewed calls for sustained global investment and cooperation to strengthen pandemic prevention, preparedness and response, as the 81st United Nations General Assembly continues in the United States.

The commitment was made at the second UN General Assembly High Level Meeting on Pandemic Prevention, Preparedness and Response, convened three years after the first meeting held during the COVID 19 pandemic.

The World Health Organization (WHO), which disclosed this in a statement on Friday, said participants stressed that pandemic preparedness should not be treated as the responsibility of the health sector alone.

According to the organisation, governments, communities and other relevant sectors must work together to strengthen national and global health security.

The meeting also recognised developments since 2023, including the adoption of the WHO Pandemic Agreement, amendments to the International Health Regulations and expanded infrastructure for disease surveillance, pathogen sharing and local production.

WHO Director General, Dr Tedros Ghebreyesus, said maintaining that progress would require continued investment.

He said COVID 19 resulted in more than 20 million excess deaths between 2020 and 2023 and caused losses of more than $10 trillion to the global economy, exposing weaknesses in pandemic preparedness and global health security.

Ghebreyesus called for urgent measures to strengthen national and local capacity, build resilient health systems and improve equitable access to pandemic related products, tools and resources.

A key issue at the meeting was the ongoing negotiation of the Pathogen Access and Benefit Sharing system, known as PABS, which forms part of the WHO Pandemic Agreement.

The proposed system is intended to support timely sharing of pathogens with pandemic potential while ensuring that benefits derived from their use, including vaccines, medicines and diagnostics, are distributed equitably.

UN Deputy Secretary General, Amina Mohammed, urged member states to speed up negotiations on the PABS annex, describing its completion as critical to implementing the Pandemic Agreement.

She said adoption of the annex at the World Health Assembly in May 2027 would enable member states to begin national consideration of ratification of the agreement.

Mohammed also said the declaration adopted at the meeting recognised that national health security depends on international cooperation and global solidarity in responding to health threats that cross borders.

She further highlighted the One Health approach, which recognises the links between human, animal and environmental health and calls for coordinated action across the three areas.

President of the 81st UN General Assembly, Dr Khalilur Rahman, said international cooperation remained necessary to ensure timely and equitable access to vaccines, diagnostics, therapeutics and other essential medical supplies.

He also called for stronger health systems and action to address persistent financing gaps, while emphasising the need to equip communities to respond to future pandemic threats.

THE ISSUES

  1. The renewed commitment places pandemic preparedness within a broader national and international security framework, with governments, communities and sectors beyond healthcare expected to contribute to prevention and response.
  2. Financing remains central to preparedness, with participants calling for sustained investment in health systems and local and national capacities even when there is no major health emergency.
  3. The proposed PABS system is intended to address both pathogen sharing and equitable access to products developed from shared pathogens, including vaccines, medicines and diagnostics.
  4. The One Health approach broadens pandemic prevention beyond human health by linking risks and responses involving people, animals and the environment.

WHAT’S BEING SAID

“Continued investment was essential to sustain progress, noting that COVID 19 caused more than 20 million excess deaths between 2020 and 2023. – Dr Tedros Ghebreyesus, WHO Director General

“She said adoption of the annex at the World Health Assembly in May 2027 would allow member states to begin national consideration of ratification of the Pandemic Agreement. – Amina Mohammed, UN Deputy Secretary General

“International cooperation remained essential to ensuring equitable and timely access to vaccines, diagnostics, therapeutics and other essential medical supplies. – Dr Khalilur Rahman, President of the 81st UN General Assembly

WHAT’S NEXT

Member states are expected to continue negotiations on the PABS annex, with its proposed adoption at the World Health Assembly in May 2027 identified as a step towards national consideration of the WHO Pandemic Agreement.

BOTTOM LINE

World leaders are seeking to keep pandemic preparedness as a sustained global priority through stronger health systems, financing, cooperation and equitable access to essential medical tools. The next major step identified at the meeting is progress on the PABS annex to the WHO Pandemic Agreement.

DisCos collect N205.53bn from N250.79bn July bills

NNPC welcomes $800m FID on Ima gas project

By
Kehinde Victor
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KEY POINTS

  • NNPC Ltd. welcomes the $800 million Final Investment Decision on the Ima Gas Project.
  • The offshore project is expected to produce about 300 million standard cubic feet of gas daily at peak.
  • Gas output will supply feedgas to NLNG for its Train Seven expansion.
  • Ima is the fourth major gas project to reach FID under President Bola Tinubu.

MAIN STORY

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, describing it as a significant development for Nigeria’s upstream gas sector.

The Group Chief Executive Officer of NNPC Ltd., Mr Bashir Ojulari, said the project demonstrates the viability of investment in the country’s gas industry and reflects growing confidence in the sector.

Located offshore in Oil Mining Leases (OMLs) 112 and 117, the project is being developed by AMNI International in partnership with TotalEnergies. It is expected to produce about 300 million standard cubic feet of gas per day at peak production.

The gas will provide feedgas for Nigeria Liquefied Natural Gas Limited (NLNG), supporting the company’s Train Seven expansion. The expansion is expected to raise production capacity at the Bonny Island plant from 22 million tonnes per annum to 30 million tonnes per annum.

According to NNPC, the FID was supported by Presidential Directives issued in 2024 that introduced fiscal incentives for non associated gas, streamlined contracting processes and reduced development costs.

Ima becomes the fourth major gas project to reach FID under the Tinubu administration, following Iseni, Ubeta and HI.

Ojulari described the investment decision as a vote of confidence in Nigeria’s gas sector and the reforms aimed at creating more competitive terms and a predictable environment for investors.

He also commended the partnership involving AMNI, TotalEnergies and the Nigerian financial sector, describing the combination of an indigenous operator, an international partner and domestic capital as a model for future gas developments.

NNPC said it would continue working with government, regulators and industry stakeholders to sustain investment in the sector and develop Nigeria’s gas resources for industrialisation, job creation and long term economic growth.

THE ISSUES

  1. The $800 million investment decision adds another major gas development to Nigeria’s project pipeline, with the Ima project expected to deliver up to 300 million standard cubic feet of gas daily at peak production.
  2. The project is directly linked to NLNG’s Train Seven expansion, with its gas output expected to provide feedgas for the expansion of the Bonny Island facility.
  3. The project also reflects the financing structure highlighted by NNPC, combining an indigenous operator, an international energy company and domestic financial institutions.
  4. The FID followed fiscal and contracting measures introduced through the 2024 Presidential Directives, which NNPC said helped lower development costs and improve investment conditions for non associated gas projects.

WHAT’S BEING SAID

“a decisive vote of confidence in Nigeria’s gas sector and in the bold reforms that have created competitive terms and a predictable investment environment. – Bashir Ojulari, Group Chief Executive Officer, NNPC Ltd.

WHAT’S NEXT

NNPC said it would continue working with the government, regulators and industry partners to sustain investment momentum and deploy Nigeria’s gas resources for industrialisation, job creation and long term prosperity.

BOTTOM LINE

The $800 million Ima Gas Project FID adds another major development to Nigeria’s upstream gas pipeline. Its planned output is expected to support NLNG’s Train Seven expansion and strengthen domestic gas investment.

Nigeria, Germany deepen cooperation on steel development

Nigeria, Germany deepen cooperation on steel development

By
Kehinde Victor
-

KEY POINTS

  • Nigeria seeks stronger German participation in steel development, mineral processing and equipment manufacturing.
  • Federal Government identifies technology transfer and local value chain development as areas for collaboration.
  • German OEMs are exploring investment and industrial partnerships in Nigeria’s steel sector.
  • Discussions build on earlier engagements between both countries on mining, engineering and industrial investment.

MAIN STORY

The Federal Government is seeking deeper industrial cooperation with Germany to advance Nigeria’s steel and metallurgical sectors, with technology transfer, mineral processing and equipment manufacturing identified as key areas for collaboration.

Minister of Steel Development, Prince Shuaibu Audu, stated this on Thursday when he received a delegation of German Original Equipment Manufacturers, led by Dr Chux Onaa, Head of VDMA German OEMs, in Abuja.

The visit was focused on developing concrete areas of cooperation and investment in Nigeria’s steel industry, following earlier discussions between both countries on industrial development.

Audu recalled engagements at the 9th German African Economic Forum in Dortmund, Germany, where Nigeria and Germany discussed opportunities in steel development, mining, mineral processing, engineering, technology transfer and industrial investment.

He said the arrival of the German delegation provided an opportunity to move those discussions towards practical partnerships.

Audu said Nigeria’s mineral resources and expanding market offered opportunities for German companies interested in the steel and metallurgical industries.

He said the ministry was committed to creating conditions for a competitive and technology driven steel industry, with potential benefits for infrastructure development, manufacturing, job creation and economic diversification.

The minister listed modern technology deployment, equipment manufacturing, mineral processing, steel production, engineering services, capacity development and development of local value chains among the areas being considered for cooperation.

He also expressed interest in having German OEMs participate in ongoing and emerging projects within Nigeria’s steel and metallurgical sectors.

According to him, the engagement could help identify specific partnerships capable of strengthening industrial development in both countries while deepening bilateral relations in the sector.

Permanent Secretary of the Ministry of Steel Development, Amb. Nura Rimi, said the engagement was consistent with President Bola Tinubu’s Renewed Hope Agenda.

Rimi said the establishment of the Ministry of Steel Development reflected the Federal Government’s objective of revitalising the steel sector and using it as a driver of industrialisation.

Earlier, Onaa said the delegation was in Nigeria to consolidate opportunities for collaboration and investment in the development of the steel sector.

He added that the organisation had technology that could support raw materials processing for the cement and building materials industry.

THE ISSUES

  1. The proposed cooperation covers more than steel production, extending to mineral processing, engineering, equipment manufacturing, technology transfer and development of local industrial value chains.
  2. German OEM participation could provide access to industrial technologies and equipment identified by the ministry as necessary for developing a more technology driven steel and metallurgical sector.
  3. The discussions also place local value chain development among the areas of interest, indicating an emphasis on building industrial capacity alongside investment and technology partnerships.

WHAT’S BEING SAID

“The presence of the German delegation in Nigeria demonstrates the growing interest of German industries in the country’s industrial sector.

“It also presents an opportunity to build sustainable partnerships that will deliver tangible benefits to both nations, –Prince Shuaibu Audu, Minister of Steel Development

“The Federal Government, through the Ministry of Steel Development, is committed to creating an enabling environment for a competitive, technology-driven and sustainable steel industry.

“Such an industry is capable of supporting infrastructure development, manufacturing, job creation and economic diversification,” – Prince Shuaibu Audu, Minister of Steel Development

“The organisation has the technology to support raw materials processing in the cement and building materials industry,” – Dr Chux Onaa, Head of VDMA German OEMs

WHAT’S NEXT

The ministry said it expects the engagement to lead to the identification of specific areas for collaboration and partnerships, including opportunities for German OEMs to participate in ongoing and emerging projects in Nigeria’s steel and metallurgical sectors.

BOTTOM LINE

Nigeria is seeking to turn its discussions with German industrial companies into practical cooperation across steel, mineral processing, engineering and equipment manufacturing. The proposed partnerships are also expected to support technology transfer and local industrial value chains.

Court dismisses suit seeking fresh investigation into Mohbad death

DisCos collect N205.53bn from N250.79bn July bills

By
Kehinde Victor
-

KEY POINTS

  • DisCos collected N205.53 billion from N250.79 billion billed customers in July.
  • The companies received N333.94 billion worth of electricity during the month.
  • Eko DisCo recorded the highest revenue collection efficiency at 94.67 per cent.
  • Kaduna DisCo had the lowest recovery efficiency at 39.71 per cent.

MAIN STORY

The Nigerian Electricity Regulatory Commission (NERC) has reported that electricity distribution companies collected N205.53 billion from customers out of N250.79 billion billed in July.

The commission disclosed this in its latest Commercial Performance Factsheet released on Friday through its X handle in Abuja.

According to the report, the DisCos received electricity valued at N333.94 billion during the month, with N250.79 billion of the amount billed to customers.

Of the total amount billed, the distribution companies recovered N205.53 billion, representing about 82 per cent of the billed revenue.

Eko Electricity Distribution Company recorded the highest collection efficiency among the DisCos, recovering 94.67 per cent of the amount billed during the period.

Port Harcourt DisCo followed with a collection efficiency of 84.95 per cent, while Benin DisCo ranked third at 79.15 per cent.

At the lower end of the recovery figures, Kaduna DisCo recorded the lowest efficiency at 39.71 per cent.

Jos DisCo followed with 46.27 per cent, while Kano DisCo recorded a recovery efficiency of 55.41 per cent.

THE ISSUES

  1. The figures show a gap between the value of electricity billed to customers and the revenue ultimately recovered by DisCos. In July, N45.26 billion of the N250.79 billion billed was not collected.
  2. Collection performance varied significantly across the distribution companies. Eko DisCo recorded a recovery rate of 94.67 per cent, compared with 39.71 per cent recorded by Kaduna DisCo.
  3. The report also places the N250.79 billion billed to customers against N333.94 billion worth of electricity received by the DisCos during the month, highlighting the difference between energy received, customer billing and actual revenue collection.

WHAT’S NEXT

NERC’s Commercial Performance Factsheet provides the reported July collection and recovery figures for the distribution companies, with the performance showing wide differences among the DisCos.

BOTTOM LINE

DisCos collected N205.53 billion from N250.79 billion billed customers in July, leaving N45.26 billion uncollected. Eko recorded the highest collection efficiency, while Kaduna had the lowest.

Court dismisses suit seeking fresh investigation into Mohbad death
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