Business
Power Generation Hits 2,400MW, Improves Supply
There is a relative improvement in the generation capacity of the power plants. This is because the generating capacities of the plants have peaked to 2,400 megawatts.
Before now, The Tide investigation revealed that most rural areas are not having power supply because they are considered not commercially viable for the organisation in terms of revenue.
Because of this several communities especially semi urban and villages have had prolonged power outages, some upwards of one month without power supply.
This has been the trend in the last one month, a source close to the power Holding Company of Nigeria told The Tide.
According to the source, the improvement achieved is attributed to the hydro power plant which are now contributing 772 mega watts to the national grid in the last few days.
A look at the generating trends indicates that since the beginning of this month the least generated capacity was 216 mega watts and this was Saturday 2nd August and since that time, the generating capacity has been fluctuating between that figure and 2,400MW.
As at the weekend, the three hydro power plants contributed 772 MW while Egbin and Delta generated the remaining mega watts Okpai generated 281, Afam 6, operated by Shell 445 MW.
Geregu, Omotosho Olorunsogo, Sapele and Afam 1-5 operated by Power Holding Company of Nigeria PHCN are down because of lack of gas supply to them.
However, sustaining the current level of generation is the greatest challenge the organisation has now.
The power allocation to the Abuja metropolis and lagos and Kano recorded a significant boost translating into a marked increase in supply to residents of the territory in the last ten days.
In Abuja the mega watts allocation has been jacked up to 140 while in Kano and the surrounding states are now on 100 mega watts, up from the hitherto 50MW.
According to inquiry by The Tide in Abuja some areas within the capital city recorded an unpresidented three days unprecedented power supply with others saying outages at a time lasted not more than two hours, a trend Power Holding Company of Nigeria attributes to increase in water level and grid generation.
Debo Adegoke, PHCN’s Abuja Regional Principal Manager Public Affairs revealed that allocation as at weekend was 140 mega watts, as against the previous allocations to the Federal Capital Territory (FCT) which was as low as 40 mega watts.
He said, “There has been an increase of power generation so daily allocation has improved.
And the rate at which we ration will decrease because of availability.” He said Abuja did not have problems like poor distribution lines adding that stable power distribution will definitely continue as long as allocation remain sustained.”
Effurun Igbo Public Relations Officer PHCN noted that the problem with lack of power in the country was complicated by an acute lack of gas supply in the nation to the thermal power stations, adding that even at peak periods the nation’s three hydro power stations located at Jebba, Kainji and Shiroro could contribute only 25 per cent to the nation’s power generation.
The situation is similar in Kano State, the commercial capital city of Northern Nigeria where electricity supply has been recorded in the past 48 hours. The improvement has brought relief to most residents, who for sometime now have been experiencing acute electricity outages.
Investigation revealed that most parts of the State capital are presently enjoying up to 10 hours of uninterrupted electricity supply.
Business
USTR Criticises Nigeria’s Import Ban On Agriculture, Others
The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.
Business
Expert Seeks Cooperative-Driven Investments In Agriculture
A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.
Business
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.
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