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Energy Crisis: NBET Pays GenCos N39bn For Jan

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The Nigerian Bulk Electricity Trading Plc (NBET), yesterday, disclosed that it has paid power generation companies (GenCos) N39billion for power generated in January.
NBET, said at the weekend that the GenCos would be paid another N9billion from the Power Sector Reform Programme soon.
The company noted that the amount was paid despite the electricity distribution companies (DisCos) remitting only 51percent of their invoice during the same period.
“NBET paid N39billion to GENCOs in first tranche of payments towards the settlement of January 2022 Payment Cycle. DisCos performance for same period is 51percent.
“Another N9billion from the PRSP has been approved and processed by NBET as further payments to the GenCos”, it added.
The latest payment brings to over N80billion paid to the GenCos in the last two months. NBET said it expects the GenCos to also make similar payments to the gas suppliers.
The GenCos had in the past two weeks blamed their inability to generate more power to the grid on the indebtedness of NBET to them.
Checks on the national grid performance showed that as at 3pm, yesterday, only 13 of the nation’s 32 power plants were generating 2,054.70megawatts with Azura-Edo plant highest at 399MW and Geregu (gas) at 394MW.
However, the Minister of State Petroleum Resources, Chief Timipre Sylva has said that Nigeria was ready to step in as alternative gas supplier to the European Union following sanctions against Russia over its invasion of Ukraine.
Sylva stated this when EU ambassadors to Nigeria led by Amb Samuela Isopi visited him in Abuja.
The minister explained that “one of the things we warned against earlier was the speed with which EU was taking away investments in fossil fuels. We warned that the speed was faster than they were developing renewable energy. You can see now that what we were warning against is what is happening now”.
He told the delegation that what has stunted the growth in the development of gas in Nigeria has been the lack of fresh investments, and called for a change of attitude if the request by the EU to increase supplies to Europe is to be realised.
“One of the biggest problems we have in the sector has been investments. In the last 10 years, over $70billion worth of investments came to Africa but sadly less than $4billion came to Nigeria and surprisingly we are the biggest in Africa. If we cannot attract investments in Nigeria, you know where we are heading.
“You have been our long-time friend. As at today, our gas reserve is one of the biggest in the world. We have a proven gas reserve of 206tcf and if we really focus on gas exploitation we can get up to 600tcf. Nigeria is arguably the best territory to invest.
“We are already building gas infrastructure such as the Ajaokuta-Kaduna-Kano (AKK) pipeline project which is expected to take gas to Algeria and the West Africa Gas Pipeline project designed to take gas to Morocco. As you can see we are already building infrastructure that will take gas to Europe. All we need is investments. We acknowledge that there are challenges in the sector but we should partner to help solve the problem”, Sylva further stated.
In her response, leader of the EU ambassadors to Nigeria, Amb Samuela Isopi, urged Nigeria to take advantage of the opportunity offered by the present crisis in Europe to shore up gas supplies to Europe.
She appealed to Nigeria to step into that gap supply chain as an alternative to Russia, adding that the country must not allow the opportunity to pass it by.
While reflecting on the security situation in the Niger Delta that drastically impacted on gas supply in the last few years, Isopi urged the Nigerian government to step up security in the region to guarantee gas supply to EU member states.
She particularly expressed concern over the spate of attacks on Shell, Eno and TotalEnergies’s gas infrastructure that led to the declaration of force majure by the companies, and noted that the development was of great concern to Europe.
“The recent developments in the Niger Delta is of great concern to us,” she said adding that the EU was, however, reassured by the recent visit by Sylva and other top government officials to the site of the vandalised infrastructure in the region.

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Fubara Flags Off Upgrading Of 135 Primary Healthcare Facilities In Rivers 

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The Rivers State Government has reaffirmed its unwavering commitment to providing quality healthcare that is accessible to the Rivers people.

 Governor Siminalayi Fubara stated this during the flag-off of the renovation and upgrading of 135 Primary Healthcare facilities in 135 Wards across the 23 Local Government Areas of the State, last Friday.

 Represented by his Deputy, Prof. Ngozi Odu, Governor Fubara said his administration was doing everything possible to ensure that healthcare delivery would be accessed even in the most remote communities, by facilitating this unprecedented State-wide renovation of Primary Healthcare Centres.

“This is to increase geographical access to quality basic healthcare services and reduce maternal Infant and child mortality and prevalence of non-communicable diseases and other preventable illnesses in Rivers State”, the Governor stressed.

The State Chief Executive expressed gratitude to World Bank and the Federal Ministry of Finance, through the Immunization Plus and Malaria Progress, by Accelerating Coverage and Transforming Services (IMPACT) Project and National Primary Healthcare Development Agency.

 According to him “We collectively strive towards the reduction of maternal, infant and child mortality and tackling Non-Communicable Diseases, thereby accelerating economic growth and development in the State”.

In her remarks, the State Commissioner for Health, Dr Adaeze Oreh, stated that it was fitting for the Governor to have delegated the Deputy Governor to represent him and flag-off the revitalization and re-equipping of 135 Primary Healthcare Centres across the 23 Local Government Areas of the State.

 She extolled the Deputy Governor’s drive, passion, and commitment to steering the State’s Primary Healthcare Task Force, which had led to significant transformation.

 Dr. Oreh expressed gratitude to Governor Fubara for his leadership and dedication, which had contributed to the transformation of the State’s healthcare system.

 Also speaking, the Chairman of the Rivers State Primary Healthcare Management   Board, Prof. Blessing Jaja, said that the revitalization of the Healthcare Centres would lead to a significant modernization of the facilities, ultimately improving the overall Healthcare system of the State.

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I Won’t Allow Spoils Of Office To Change Me – Fubara …As Rivers People Mark Gov’s 50th Birthday With Prayers

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Rivers State Governor, Sir Siminalayi Fubara, has declared that he will not be drunk with power or allow the associated advantages and benefits that come with holding a lofty position in government to change him.

 

Rather, the governor assured that he will remain committed to his vows made to Rivers people when he got their mandate, to completely put things in place that will transform the State to become what they dreamt it to become.

 

Governor Fubara made the remark when some leaders, elders and critical stakeholders of the State paid him a birthday visit to celebrate him as he attains 50 years at Government House in Port Harcourt on Tuesday morning.

 

The governor, according to a statement by his Chief Press Secretary, Nelson Chukwudi, explained that he had never subscribed to celebrating  birthdays but seeing leaders of the State gather to celebrate him pulled out tears of joy from his eyes.

 

Governor Fubara said: “I want to say that I will still be the Fubara that you know; power will not change me. I will still make sure that what I hold dear in life remains, which is God and my respect for people. I will continue to maintain it.

 

“Power will come, power will go, but I will still remain the Fubara that you know. With your support, that Rivers State that we all yearn for, we will definitely, even if we don’t get it completely, we will put those things in place that will channel and drive us to that Rivers State with your support.”

 

Governor Fubara emphasised: “That is the only thing that I know I can assure you. I will not do anything, act in any manner that will bring disgrace to myself or to everyone of you that have decided and ready to sacrifice everything for us.

 

“This morning is a birthday morning. It is not a morning to discuss politics. It is a morning to say I am happy, I am 50 years, according to you. But the most important thing is: I am celebrating my Golden Jubilee. It means that I have joined the league of the old men from today.”

 

Fubara, on behalf of his wife, Lady Valerie and family, expressed gratitude to God for divine grace, and thanked all the leaders who made sacrifices to be in attendance so early to wish him well.

 

In his remark, former Governor of Rivers State, Sir Celestine Omehia, thanked God for installing Governor Fubara, who has become a deliverer of the State and its people from the hands of those bent on destroying Rivers State.

 

He said, it is, therefore, worthwhile to celebrate such a patient and meticulous leader, loved by all Nigerians on his 50th birthday because he has continued to prioritise the interest of the State and protect it.

 

The former Governor recounted the strength of faith in God that Governor Fubara has demonstrated, enjoyed divine direction in governance, and pledged the continued support of  Rivers people to ensure the success of his administration.

 

In his speech, former National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, said regardless of who a kingmaker is, as soon as the king is crowned, such person must give way to the king to perform his duties but regretted that

the immediate past Governor, who styled himself as kingmaker had continued to do things to distract the king.

 

But Prince Secondus, noted that amidst the brewing crisis, Rivers people, and indeed, Nigerians have come to admire and love the character of steel, fear and total trust in God that Governor Fubara has demonstrated, including forging unity, and inclusivity, which are evidence of his mandate as divine.

 

Highlights of the event were prayers by the clergy for the Governor, his administration and the State; a toast; the cutting of the 50th Birthday cake by the Governor, who was supported by his wife; presentation of gifts to the Governor; rendition of special birthday songs; and a special birthday party organised by the elders and stakeholders to celebrate the Liberator of Rivers people at 50.

 

Later in the morning, members of the State Executive Council; Local Government Council chairmen; Permanent Secretaries; Government House staff; Service Commanders; and many others visited the Governor to wish him a glorious birthday, and presented gifts to celebrate his Golden Jubilee birthday.

 

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Tinubu Seeks Multifaceted Response To Terrorism, Other Security Threats

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President Bola Tinubu, on Wednesday called for a multifaceted response to terrorism, insurgency and other forms of security threats in the Lake Chad Basin region.

Tinubu, represented by the Vice-President Kashim Shettima, made the call when he declare open the 5th meeting of the Lake Chad Basin Governors’ Forum in Maiduguri, the Borno capital.

The Tide source reports that the meeting, which was hosted by the Yobe State Government brings together eight Governors from Nigeria, Cameroon, Chad, and the Republic of the Niger.

The event also brings humanitarian organisations, and local and international communities to address pressing security challenges and explore solutions for stability in the region.

The president said the chain of events that disrupted the stability of the region over the past 15 years demands that power must be wielded responsibly to guarantee the safety and prosperity of the people.

The Nigerian leader noted that while military power was necessary to contain the security threats, it must be accompanied by strategies that address their root causes.

This, according to him, in include poverty, inequality, and lack of job opportunities for the region’s young population.

“Your Excellencies, distinguished ladies and gentlemen, our response to these threats must be multifaceted.

“While military solutions are indispensable, they must be complemented by strategies that address the root causes of insecurity – poverty, inequality, and the lack of opportunities for our youth.

“It is a tragic irony that Africa, a continent with the youngest population in the world, sees its youth become cannon fodder for destructive ideologies and the drivers of conflict.

“This is the challenge before us: to transform this demographic dividend into a force for good. Power’s true essence lies not in its possession but in its application.

“Hard power may secure borders, but it is soft power—through diplomacy, culture, and shared values—that builds bridges and binds us together,” he said.

Tinubu said every part of the world was entangled in its own unique security challenges, resulting in the global military gulping “a historic 2.4 trillion dollars in 2023, with no signs of slowing.”

He, however, observed that: “hard power, detached from the moral imperatives of justice and diplomacy, only widens the very divide it seeks to bridge.”

Tinubu told the Lake Chad Basin Governors’ Forum that it was only by sticking to the vision for which the forum was created that pursuing and adopting partnerships that benefit the people could be achieved.

Such partnerships, he said, include the collective commitment to the African Continental Free Trade Area (AfCFTA) and advancing the United Nations’ Sustainable Development Goals.

He noted that the choices made “today will echo through generations, shaping the future of this region.”

He recalled the successes recorded so far in repelling threats to the region’s borders and sovereignty by elements of terror.

The President attributed past victories by member countries to the joint missions they had embarked on.

Tinubu cautioned the governors and other stakeholders against allowing “the geopolitical tensions across the world to sow discord” in the region, and submitting themselves “to become tools in any proxy agenda.

“The salvation of the Lake Chad region is neither in Europe nor in the Americas. It lies in the hands of all those gathered here today.

“You, distinguished representatives of this forum, embody not only our collective will to protect the region but also the transformative potential that stability brings.

“The true enemy remains the non-state actors—those who exploit weak borders, poor governance, and fragile economies to challenge our claim to civilization.

” However, the worst threat we may face is not the insurgents or terrorists at odds with our humanity.

” It is the absence of cooperation, sincerity, and fidelity to our shared pact as brothers’ keepers.

“We undermine this pact when we renege on agreements to secure our borders when misinformation and falsehoods breed mistrust, and when we jeopardize the freedom and choices of our people.”

Earlier, Gov. Mai Mala Buni of Yobe, had said that the forum was an opportunity for states around the Lake Chad Basin region across Nigeria, Niger, Chad, and Cameroon Republics to discuss and reflect on the journey so far.

He noted that as partners in progress, the Yobe Government provided the platform for participants to strengthen contact and collaboration towards ensuring stabilisation, recovery, and resilience across the Lake Chad Basin in the months and years ahead.

Also, Gov. Babagana Zulum of Borno, commended the strategic partners of the forum, saying their contributions have enabled governments of the forum to tackle some of their challenges to strengthen and rebuild the region.

He said the platform was a rallying point for political cohesion, fostering regional interaction, sustaining the socio-economic development of the region, and regional integration.

On his part, Gov. Umaru Fintri of Adamawa, noted that the Basin had passed through the worst environmental moment, leading to the shrinking of the Lake Chad

“The United Nations Environmental Programme has recently revealed that Lake Chad has shrunk 90 per cent in six years and blamed the situation on climate change, irrigation and construction of dams and population increase.”

The Executive Secretary of Lake Chad Basin Commission, Amb. Mamman Nuhu, said the forum’s meeting “serves as a critical platform for fostering dialogue and enhanced collaboration.”

He also said that the meeting reaffirmed the collective commitment to addressing the multifaceted challenges facing the lake chad basin.

He noted that the theme of the meeting reflects the immense progress achieved so far and the equally immense work that needs to be done.

Ms Cynthia Rowe, Development Director for the British High Commission, Nigeria, and Representative of International Support Group, commended the governors of the region.

Rowe stressed that the region had recorded marked improvement in the face of daunting challenges.

She, however, pledged the support of the funding partners to continue in their efforts towards assisting the forum achieve its objectives.

 

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