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Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists

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Three neighboring countries bought a total amount of electricity worth $81.48bn from Nigeria in the last two years, even as many households and businesses in the country continued to suffer blackout, ’FEMI ASU reports

The invoices given to the Republics of Togo, Niger and Benin for the electricity supplied to them from Nigeria in 2018 and 2019 totaled $81.48bn, an analysis of data obtained from the Nigerian Electricity Regulatory Commission has shown.

Niger bought electricity worth $26.03bn in the two-year period while Togo and Benin imported $55.45bn electricity from Nigeria.

Power generation in the country has been hovering between 3,000 megawatts and 4,500MW in the past few years, despite the privatization of the sector in 2013.

The national grid has continued to suffer system collapse over the years amid lack of spinning reserve that is meant to forestall such occurrences. Between November 1, 2013 and May 2020, the number of total grid collapse recorded was 83 while the grid partially collapsed 25 times.

However, Nigeria, through some of its power plants, sell electricity to the neighboring countries, which are classified as international customers.

Niger’s power firm, Society Nigerien d’electricite, received a total invoice of N3.01bn for electricity supply from Nigeria in the first quarter of 2019; N3.69bn in Q2; N4.1bn in Q3; and N2.07 in Q4.

In 2018, NIGELEC received an invoice of $2.89bn in Q1; $3.56bn in Q2; $3.63bn in Q3: and $3.08bn in Q4.

Communaute Electrique du Benin, a power firm owned by Togo and Benin, received a total invoice of N9.74bn for the power supplied to it in Q1; N7.16bn in Q2; and N2.27bn in Q3 but none in Q4.

In 2018, CEB received an invoice of $9.04bn in Q1; $9.44bn in Q2; $8.48bn in Q3; and $9.32bn in Q4.

According to NERC’s quarterly reports, the international customers did not make any payments in each of the four quarters of 2019.

“During the quarter under review, the special and international class of customers made no payment to the Nigerian Bulk Electricity Trading Plc and the Market Operator,” NERC said in its fourth-quarter report.

“The Federal Government has continued to engage the governments of neighboring countries benefiting from the export supply to ensure timely payments for the electricity purchased from Nigeria,” the regulator added.

The total amount of electricity generated by power plants on the national grid as of 6am on Saturday stood at 3,219MW, according to the Nigerian Electricity System Operator.

Nine of the 27 power plants did not generate any megawatts of electricity as of 6am on Saturday, with 2021.7MW generation capacity left unused.

The system operator put the nation’s installed generation capacity at 12,910.40MW; available capacity at 7,652.60MW; transmission wheeling capacity at 8,100MW; and the peak generation ever attained at 5,375MW.

“Among households, electricity access is still limited in Nigeria (around 56 per cent). Yet, access is often unreliable since electricity supply suffers from frequent outages,” the World Bank said in a recent report.

The report noted that rural areas were particularly hit by blackouts, where number of interruptions in supply were almost double of that in urban areas.

It said, “Electricity is reported to be a major constraint by businesses. Around 27 per cent of enterprises identify electricity as the main obstacle to doing business, which is more than twice the sub-Saharan Africa average.

“For business consumers, improved reliability of power will reduce losses due to outages, and reduce expenditure on alternative sources of energy.”

A former Managing Director of the Transmission Company of Nigeria, Mr Usman Mohammed, told our correspondent recently that power supply to Benin and Togo was disconnected in October 2019 because of the non-payment of the outstanding debt.

According to him, the amount of electricity being sold to international customers is around 300 megawatts, with Togo being supplied by Calabar Power Plant; Benin by Paras Energy & Natural Resources Development Limited; and Niger by Mainstream Energy Solutions Limited.

The government-owned NBET buys electricity in bulk from generation companies through Power Purchase Agreements and sells through vesting contracts to the Discos, which then supply it to the consumers, while the Market Operator is an arm of the TCN.

According to NERC, the financial viability of the Nigerian electricity supply industry is still a major challenge threatening its sustainability.

It said, “As highlighted in the preceding quarterly reports, the liquidity challenge is partly due to the non-implementation of cost-reflective tariffs, high technical and commercial losses exacerbated by energy theft and consumers’ apathy to payments under the widely prevailing practice of estimated billing.”

It added that the severity of the liquidity challenge in the industry was reflected in the settlement rates of the energy invoices issued by NBET to each of the Discos, as well as the non-payment by the special and international customers.

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JUST IN: Edo state Assembly impeaches Deputy Governor Shaibu

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The Edo State House of Assembly, on Monday, impeached the state’s Deputy governor, Comrade Philip Shaibu.

The impeachment followed the adoption of the report of the seven-man investigative panel set up by the Assembly to probe allegations of misconduct against Shaibu.

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JUST IN: Olubadan of Ibadanland, Oba Lekan Balogun joins ancestors at 81

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The Olubadan of Ibadanland, Oba Lekan Balogun has joined his ancestors after a brief illness.

He joined his ancestors at the age of 81.

It was gathered that the late monarch was taken to the hospital Wednesday morning having stayed indoor throughout Tuesday on account of slight malaria fever, though, he was hail and hearty on Monday during which he personally received few guests that paid him congratulatory visits on his second year anniversary on that day.

Making this announcement was the Baba-Kekere Olubadan and his younger brother, Dr Kola Balogun in a statement by the Personal Assistant (Media) to the late monarch, Oladele Ogunsola.

According to the statement, Dr. Balogun disclosed that Oba Balogun would be buried at his Aliiwo ancestral home by 4.00pm on Friday according to Islamic rites just as he said that the State Governor Seyi Makinde, though already verbally informed, would be formally notified early in the morning.

The late Olubadan was the first most educated to have emerged as Ibadan monarch, a British trained P.hd holder, a former university lecturer, former member of management staff of Shell British Petroleum, former gubernatorial candidate of the defunct Nigeria People’s Party, NPP, former Senator and a successful business man.

His last official outing was the Olubadan Advisory Council’s meeting which he presided over last Saturday where the decision to derobed Mogaji Akinsola, Olawale Oladoja was taken.

He however, on Tuesday instructed the Ekerin Olubadan, Oba Hamidu Ajibade to midwife a small committee to deliberate on last Friday’s decision on what should be the position of Ibadan Zone in the proposed newly reconstituted Oyo State Council of Obas and Chiefs.

The decision of the small committee was earlier on Thursday ratified by the Olubadan Advisory Council at a meeting presided over by Otun Olubadan and the former governor of Oyo State, High Chief Rashidi Ladoja and was to be taken to the late Oba Balogun for his signature Friday morning so as to meet the deadline for submission to the state Commissioner for Local Government and Chieftaincy Matters later in the day.

The late Olubadan is survived by wives, children and grandchildren.

Announcing the passage of the monarch, Governor Makinde, in a statement, stated that Olubadan, who joined his ancestors late Thursday evening at the University College Hospital, UCH, Ibadan, described him as an epitome of royal excellence and a great achiever, who made great marks on Ibadanland in just a little over two years of his reign.

He expressed his condolences to the Olubadan-in-Council, the Oyo State Traditional Council and the people of Ibadanland and Oyo State, praying to God to grant repose to the soul of the deceased monarch.

Makinde said: “With total submission to the will of God, I announce the passing unto glory of our father, His Imperial Majesty, Oba Dr. Mohood Lekan Balogun, Alli Okunmade II, the 42nd Olubadan of Ibadanland.

“A mighty Iroko has fallen; Oba Dr. Balogun has joined the ancestors.

“In Kabiyesi, Ibadanland had a cosmopolitan and well-experienced Olubadan, who made indelible marks on the sands of history and achieved greatly within a short while.

“On behalf of the Government and good People of Oyo State, I condole with the immediate family of the Oba Dr. Balogun, the Olubadan-in-Council, the Oyo State Traditional Council and the people of Ibadanland.

“It is my prayer that God grants repose to the soul of our late monarch.”

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JUST IN: Labour Party National Chairman, Abure arrested for attempted murder in Edo (Video)

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Operatives of the Edo State Police Command have arrested the National Chairman of the Labour Party (LP), Julius Abure.

Abure was arrested on Wednesday in Benin City, the Edo State capital, on allegations of premeditated attempted murder, amongst other alleged infractions.

The Labour Party chairman’s arrest followed a petition by the LP Youth Leader, Comrade Eragbe Anselm Aphimia.

The petition, addressed to the Commissioner of Police, Edo State Command, dated February 13, partly reads, “I, Comrade Eragbe Anselm, write to you with utmost urgency and grave concern regarding a heinous act of violence perpetrated against me on the 29th of December 2023.

“I am a member and National Youth Leader of the Labour Party (LP) in Nigeria, and the events I am about to recount are of utmost importance for justice and the safety of individuals involved in political activities.

“On December 28, 2023, I flew into Benin City Airport around 2 p.m. as part of an official 5-member delegation authorised by the Acting National Chairman of the Labour Party, Alhaji Lamidi Basiru Apapa.

“Our mission was to organise Ward, LGA, and State Congresses in Edo State, as well as supervise the sale of nomination forms for various posts, as mandated by INEC guidelines, within the stipulated time frames.

“On arrival at the Benin Airport, I was received by one Mrs Mary Okheime Newberry, who falsely claimed to be providing transportation and accommodation on behalf of unnamed “stakeholders.”

“She proceeded to lodge us at the Smart Homes Hotel, unknown to us that she was plotting a sinister and gruesome ambush. The next morning, a man named Austin Emeka came to pick me and my colleague, Mr Patrick Anethua, up from the hotel lobby, pretending to take us to a meeting venue.

“Instead, we were violently attacked just outside the hotel gates by a waiting mob.”

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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