Connect with us

news

NDPHC, Eko Disco, address electricity supply shortfall in Lekki and Agbara

Published

on

In order to improve electricity supply around Ibeju-Lekki area in Lagos and Agbara Industrial area in Ogun State, the Niger Delta Power Holding Company (NDPHC) and Eko Electricity Distribution Company Plc (Eko Disco), have signed a bilateral agreement for the sale of up to 300MW of power from NDPHC’s power plants to customers in these areas within Eko Disco’s franchise areas.

The Lagos State Governor, Mr. Babajide Sanwo-Olu who hosted the signing of the agreement for these projects at Lagos House, Marina recently, commended the initiative by NDPHC and Eko Disco, and stated that “he will monitor the implementation of the agreement.” The Governor expressed his confidence that the collaboration between NDPHC and Eko Disco will complement the current policies of the state government in economic and infrastructure development.

NDPHC and Eko Disco have committed to work together to deliver safe, reliable and steady supply of power to customers in the areas of collaboration. The project will be structured to remove the commercial and technical inefficiencies in the Nigerian electricity market and will mobilise significant capital investment in transmission/distribution infrastructure and metering technology.

In his remarks, the NDPHC Managing Director/CEO, Mr. Chiedu Ugbo stated that the challenges in the industry inspired NDPHC to “source alternative means to sell and ensure dispatch of its stranded power generation capacity and explore innovative ways to unlock investment in infrastructure for improved supply to customers.”

In turn, the MD of Eko Disco, Engr. Adeoye Fadeyibi said that the partnership aligns with the efforts of the Eko Disco to bridge the metering gap and improve the quality of electricity supply to customers. He appreciated customers for their continued support for the Company in its quest to continue to empower the quality of lives of all stakeholders.

The agreement signed between NDPHC and Eko Disco is only the latest milestone in NDPHC’s innovative and ambitious programme to tackle the industry-wide challenges in the Nigerian power sector. These challenges have resulted in the inability of the operators in the industry to fulfil their investment and industry payment obligations, and a continuing low access to reliable power for industry, businesses and homes.

Despite a significant installed generation capacity – estimated to be more than 13,000 MW – access to electricity remains acutely low because much of this installed capacity is stranded and cannot be conveyed to customers because of inadequate transmission and distribution capacity. Operators insist that tariffs remain at a level that cannot guarantee returns for investors in the sector and as a result, an estimated $20 billion capital investment required to upgrade the transmission and generation infrastructure is not available. Insufficient investment in metering, collection and surveillance, among other factors, has also made collections by the distribution companies inefficient, thereby causing revenue loss across the value chain. A combination of these factors has led to severe liquidity shortfalls and a ballooning deficit in the market, and there simply is not enough collections from customers to cover the cost of power generation and delivery. The Federal Government has on several occasions intervened with financial bailouts to the sector, but this solution is only short term and is becoming an increasingly heavy burden on a cash-strapped government struggling with low oil prices and a struggling national economy.

The operators in the industry have had to innovate or go out of business. It is in this regard that NDPHC is blazing a trail in structuring deals that are solving many of the industry-wide challenges affecting its business. NDPHC, holds a portfolio of 10 power plants with aggregate installed capacity of more than 4,000MW and growing. To ensure that much of its capacity does not remain idle, NDPHC, with support from Electric Utilities Nigeria Limited, is now targeting to work with discos and other project developers to, in the first phase, sell more than 1,000MW from its power plants in manner that resolves the current commercial and technical inefficiencies in the market without a need for government funding intervention.

In addition to the agreement signed with Eko Disco, NDPHC has executed similar agreements with Port Harcourt Electricity Distribution Company Plc, Enugu Electricity Distribution Company Plc, Kaduna Electricity Distribution Company Plc and Benin Electricity Distribution Company Plc. In each case, the parties will mobilise investment in the expansion of the distribution network of the discos to enable increased offtake of power and in metering technology including smart meters in order to increase the collection rate of the discos.

For NDPHC, these collaborations will lead to greater offtake of power from its under-dispatched power plants, thereby increasing the company’s revenue. For the industry generally, these collaborations will attract the requisite investment in the industry and increase liquidity that enables higher payment receipts across the value chain. Now that NDPHC has executed the agreements with 5 discos and more in the pipeline, it is projected that the impact on the Nigerian power sector will be massive in improving electricity access, market payments and attracting more investments to the industry.

L-R: Chukwubuike Onwuzurumba, Oake Legal; Olalere Odusote, Honourable Commission, Ministry of Mines & Energy; Mohammed Mahmud, Executive Director, Legal/Company Secretary, NDPHC; Chiedu Ugbo, MD/CEO, NDPHC; Mr. Babajide Sanwo-Olu, Governor of Lagos State; Adeoye Fadeyibi, MD, Eko Disco; Dere Otubu, Director, Eko Disco and George Etomi, director, Eko Disco; and Sola Arifayan, Oake Legal during the bilateral agreement signing between NDPHC and Eko Disco for the sale of 300MW of Power from NDPHC Plant to customers in Ibeju-Lekki in Lagos and Agbara in Ogun State recently.

 
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

news

JUST IN: Court Nullifies Atiku’s Candidacy, Sacks Mark-Led ADC NWC Ahead of 2027 Elections

Published

on

*Says ADC’s leadership that produced him, other candidates illegal

A Federal High Court in Abuja has nullified the process that led to former Vice President Atiku Abubakar’s emergence as the African Democratic Congress (ADC) presidential candidate for next year’s presidential election. FollowPolitics

In a judgment on Thursday, Justice Peter Lifu also voided the emergence of former Senate President David Mark, ex-Governor of Osun State Rauf Aregbesola, and others as ADC national officers.

Justice Lifu also voided the nominations of all ADC candidates for the 2027 general elections, holding that they emerged from the ADC’s illegal and unlawful leadership.

The judgment was delivered in a suit brought by an aggrieved ADC Deputy National Chairman, Nafiu Bala Gombe.

The judge upheld Gombe’s contention that David Mark and Rauf Aregbesola emerged as party leaders through an unlawful and illegal process.

Justice Lifu set aside all actions taken by the Mark-led leadership in the name of ADC, holding that they were unlawful.

Details shortly…

Continue Reading

news

Breaking : End of an Era: Five-Time Ballon d’Or Winner Cristiano Ronaldo Retires from International Football at 41

Published

on

Portuguese Legend Bows Out After 23 Years, 146 Goals and 234 Appearances for Portugal

Portuguese football superstar Cristiano Ronaldo has announced his retirement from international football at the age of 41, bringing an end to an illustrious 23-year career with the Portugal national team.

The five-time Ballon d’Or winner made the announcement on Thursday, November 5, 2026, through an emotional video message shared on his social media platforms.

Ronaldo, widely regarded as one of the greatest footballers of all time, said the time had come to hand over Portugal’s iconic No. 7 shirt to the next generation of players.

The former Real Madrid, Manchester United and Juventus forward retires from international football as the highest goalscorer in men’s international football history, with an outstanding record of 146 goals in 234 appearances for Portugal.

His international journey began in August 2003, when he made his senior debut for Portugal as an 18-year-old. Over the following 23 years, he became the country’s most recognisable football figure and one of the most influential captains in the history of the national team.

One of the greatest moments of his international career came in 2016, when he captained Portugal to its first-ever UEFA European Championship title.

Portugal defeated host nation France 1-0 after extra time in the final, despite Ronaldo being forced off the pitch through injury in the first half. His leadership and encouragement from the sidelines remained an important part of the historic victory.

He also helped Portugal win the UEFA Nations League in 2019 and 2025, bringing his major international trophy haul with the country to three.

In his farewell message, Ronaldo reflected on his remarkable journey, describing wearing Portugal’s No. 7 shirt for 23 years as a privilege and responsibility.

He said the decision was not easy because it involved both his head and his heart, adding that it was time to pass the responsibility to the next generation.

Ronaldo leaves behind extraordinary records, including the most international appearances and goals in men’s football. He also became the first male player to score at six different FIFA World Cup tournaments.

Beyond his international achievements, the five-time Ballon d’Or recipient enjoyed a remarkable club career, winning multiple domestic league titles and five UEFA Champions League trophies.

His retirement marks the end of a significant chapter in Portuguese and world football, with his achievements, leadership, goalscoring records and commitment to his country likely to remain an inspiration to future generations.

Although he has ended his international career, Ronaldo’s legacy as one of football’s greatest-ever players remains firmly established.

Portugal will now look towards a new generation of players to carry forward the legacy of its legendary No. 7.

Continue Reading

news

After Umrah, Tinubu Bids Farewell to Saudi Arabia, Returns to Abuja, Says Onanuga

Published

on

… Prays for Nigeria’s peace, unity, security, prosperity
… Holds farewell meeting with Makkah Deputy Governor
President Bola Ahmed Tinubu departed Saudi Arabia for Abuja on Wednesday after completing his Umrah pilgrimage in the holy city of Makkah, where he offered special prayers for Nigeria’s peace, security, unity and prosperity.

The President’s aircraft took off from the Royal Terminal of King Abdulaziz International Airport, Jeddah, at exactly 5:13 p.m. Saudi time, bringing his spiritual visit to the Kingdom to an end.

According to a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu was seen off at the airport by the Deputy Governor of Makkah Region, Prince Saud bin Mishaal bin Abdulaziz Al Saud; Nigeria’s Ambassador to Saudi Arabia, Yakubu Gambo; and the Consul-General, Ambassador Muazam Ibrahim Nayaya.

Before his departure, the President held a brief farewell meeting with the Deputy Governor of Makkah at the Royal Guest Palace within the airport.

Tinubu, who arrived in Saudi Arabia last Thursday, led members of the Nigerian delegation in performing the Umrah rites, including circumambulation of the Holy Ka’abah.

A major highlight of the pilgrimage was Sunday’s rare opportunity granted to the President and members of his delegation to enter the sacred Ka’abah, where they performed two raka’at prayers.

During the spiritual exercise, Tinubu offered supplications to Almighty Allah for enduring peace, improved security, national unity and economic prosperity, while seeking divine wisdom, guidance and strength to discharge his responsibilities to Nigerians. Nigerianews subscription

He also prayed for divine blessings upon the country, its leaders and citizens, expressing hope that Nigeria’s ethnic, religious and cultural diversity would become a source of national strength, cohesion and shared prosperity.

The President described the pilgrimage as an opportunity for spiritual reflection, thanksgiving and renewed dedication to the task of building a peaceful, united and prosperous Nigeria. Nigerianews subscription

He expressed appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Crown Prince Mohammed bin Salman for the hospitality and special courtesies extended to him and his delegation.

Tinubu particularly acknowledged the rare privilege of accessing the Holy Ka’abah, describing the opportunity to pray within the sacred structure as spiritually significant. FollowPolitics

According to the statement, the President concluded the pilgrimage with renewed faith, gratitude to Almighty Allah and a strengthened resolve to pursue his administration’s Renewed Hope Agenda.

Onanuga said Tinubu remained committed to translating Nigerians’ aspirations into tangible improvements in living conditions and building a better country for all. Nigerianews subscription

The presidential delegation included the National Security Adviser, Mallam Nuhu Ribadu, and the governors of Sokoto, Jigawa, Kaduna, Borno and Yobe states, among other senior government officials.

The President’s return concludes a visit that combined religious observances with prayers for national stability, improved security and the success of ongoing efforts to reposition Nigeria for sustainable growth and development.

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved