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NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further said that two large boats, which involve
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Hopes, as Fed Govt plans to pay N247b tartifs shortfall soon


By Akinola Ajibade

Hopes are in the horizon for electricity consumers, as the Federal Government has promised to pay the tarifs shortfall of N247billoon by December, this year.

The shortfall in the Nigerian Electricity Supply Industry (NESI) came, following the recent  hike in tarifs by the government. 

A senior official of the Power Sector Recovery Programme( DSRP)/Engr Belije Nadu, disclosed this during a one-way workshop for the media, recently. The Nigerian Electricity Regulatory Commission ( NERC) organised the workshop in conjunction with the Nigerian Electricity Supply Programmes(NESP) secretariat.

He noted that efforts have been made since 2005 to endure incremental recovery and growth of the country's power sector, adding that the development was delayed by inability of the government,  to put in place a concrete financing modek in the industry.

According to him, the long years of experimention in the sector is over, due to the fact that the regulator was able to identify the process of paying the shortfall accureed from the implementation of s new tarrif regime 

“PSRP Financing Plan approved (November 2021): A credible Financing Plan for the PSRP Programme that identifies how tariff shortfalls will be paid and promotes sustainable growth of the Nigerian Electricity Supply Industry, was approved.

Adding that: “Tariff shortfall payment has been cut down from a historical accumulation of  N891billion to N247 billion in 2021, and programme is on course for elimination by December 2022″ 

Madu further said that a Disco Performance Improvement Plans was approved and it  became effective July 1st,2021.

The DisCos Performance   improvement Plans tensure that DisCos Implement service improvements programmes with measurable indicators, to track quality of service improvements and monitored by NERC, 

Similarly,, the Chairman, Nigerian Electricity Regulatory Commission ( NERC) Engr. Sanusi Garba, said that the Federal Government is committed to ensuring an efficient electric power supply industry that will guarantee Nigerians adequate, reliable and affordable electricity.

He said:The Federal Government initiated the PSRP with the support of the World Bank to achieve the goal of Nigerians having access to adequate, reliable and affordable electricity in the country, 




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