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Anniversary-Experts hail Tinubu reforms in the power sector

Some Experts in the power sector have commended President Bola Tinubu on some of the ongoing reforms in the sector.
The experts, who spoke with the News Agency of Nigeria (NAN) in Abuja on Sunday, said that the Tinubu-led administration had brought a lot of reforms to the sector.
However, he said that there was still roomfor improvement.
Mr Kunle Olubiyo, President, Nigeria Consumer Protection Network (NCPN), said that from May 2023 to date, there had been a lot of reforms by the present administration in the power sector.
Olubiyo said that given power to states to operate their own electricity sector was a good development and a welcome idea.
“Before now, it was only the Federal Government that has the power to generate, transmit and distribute power.
“But now due to the fact, that President Tinubu assented to Electricity Act, 2023, states now have the power to establish their own electricity agencies.
“This further speaks to issues that have been raised concerning true federalism and the evolution of power because we are a federating state. This is a major milestone and game changer, ‘’ he said
According to him, the recent deregulating of metering process by the Nigerian Electricity Regulatory Commission (NERC) was the right step in the right direction.
“Most of the problem we have been having had to do with metering, there have been lot of the leakages or gaps in the process of acquiring meters.
“By deregulating the metering sub sector, it is going to help and improve the issues of liquidity challenges in the sector and aggregate technical collection and commercial losses.
“Because if you cannot collect revenue or there are leakages, no matter what we are doing, it will be a wasted effort and this will discourage investors from investing in the sector , ‘’ he said.
He also said that the recent unbundling of the Transmission Company of Nigeria (TCN) by government and granting licence for the establishment of the Nigerian Independent System Operator (NISO) was a welcome development.
“The president has demonstrated some commitment in doing that.
”So we are looking at it that in the second year of the Tinubu’s administration, government as much as possible should fashion out a model that would make sure that TCN operates in an unbundled form in a commercially viable form.
“Because government cannot continue to bear the burden of a supposedly privatised power sector, ‘’ he said.
Olubiyo, however, said that there are still challenges in the sector.
According to him, government should look at the area of multiple taxation in Tinubu’s second year in office as the tax burden is quite strangulating for small businesses and an average man on the street.
He said that taxes that were supposed to be within the jurisdiction of the state were being collected by the Federal Inland Revenue Service (FIRS) and this overlapping or encroaching in jurisdictions of the state.
He said: ’’ +everywhere, you pay taxes for coughing, you pay taxes for sneezing, you pay taxes for breathing and taxation undermines growth and development.
“Government should look at those businesses that have multiplier effect on job creation and productive and create tax holiday.
On his part, Mr Princewill Okorie, the Executive Director, Electricity Consumer Protection Advocacy Centre, also commended the Federal Government on the ongoing reforms they are putting in place to move the sector forward.
’’I will commend the Federal Government on the efforts they are putting in place to reform the sector, especially the Minister of Power, Mr Adebayo Adelabu.
“I was privileged to participate in the African Energy Market Place Forum held recently.
“And I saw the effort the minister is putting in place to develop strategic implementation plan in other to meet up with the provisions of the Electricity Act 2023 .
“So it is a commendable effort to see that they develop policies that will drive the sector as a follow up action to the Electricity Act that was signed into law.”
Okorie, however, said that there were areas that government was supposed to look into as it affects consumers.
According to him, the increase in tariff at this time that fuel has been increased is not a welcome idea Nigerians are suffering.
“As the executive director of electricity consumer protection advocacy centre, I am concerned about consumers’ interest in the sector.
“ But I am glad that the minister made a statement based on my suggestion that he needs to set up consumer protection departments under his ministry.
“ Consumers are the ones paying this money, so there is the need to have that unit,” he said. (NAN)
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Another Explosion Hits Oil Facility In Rivers, Protesters Block East-West Road

Another explosion occurred at a pipeline manifold in the Omwawriwa area of Ogba-Egbema-Ndoni Local Government Area of Rivers State on Tuesday.
This incident follows a similar explosion that shook the Trans Niger Pipeline, operated by Shell, in Bodo, Gokana Local Government Area just hours earlier.
The latest explosion reportedly took place at a manifold connected to a federal pipeline deep within the forest, which transports crude oil to Brass in Bayelsa State.
While the explosion has not yet been officially confirmed, community sources reported seeing massive flames and thick smoke rising from the oil installation in the forest.
Grace Iringe-Koko, the spokesperson for the Rivers State Police Command, stated that she would investigate the incident but had not provided a response at the time of this report.
A video obtained by our correspondent displays a large fire burning in a remote location.
In a separate development, Ijaw youths blocked the Ahoada section of the East-West Road leading to Bayelsa State on Tuesday in protest.
The demonstrators, numbering over 100, carried placards in solidarity with Rivers State Governor Siminalayi Fubara amid his political dispute with the state House of Assembly. Some of the placards read: “We demand Wike’s dismissal as FCT Minister” and “Martin Amaewhule and 26 lawmakers have defected and lost their seats.
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BREAKING: Reps pass tax reform bills

The House of Representatives on Tuesday passed the four tax reform bills transmitted to the National Assembly in October 2024 by President Bola Tinubu.
Recall that the House had on Thursday last week, considered and approved the report of the House Committee on Finance which made some recommendations, particularly in controversial areas such as the Value Added Tax and inheritance tax.
While awaiting the Senate to similarly pass the bills, the proposed reforms are expected to be transmitted to the President for his assent in the days ahead.
Details shortly…
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Two PDP reps defect to APC over ‘internal divisions’

Two members of the house of representatives have defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).
Tajudeen Abbas, speaker of the house, announced the defections in a letter read on the floor of the lower legislative chamber on Tuesday.
More to follow…