News
Siemens Moves to End Electricity Theft with New Technology

The new power supply deal between Nigeria and Siemens AG, will see the German company deploy modern technology that will end the incessant problem of meter bypass leading to loss of billions of naira by Distribution Companies (Discos).

Speaking during a web conference, Onyeche Tifase, Managing Director of Siemens Nigeria, said that the issues of collection and power theft remain a major challenge in the industry, stressing that with the new technology, any infringement on the meters would be monitored real time.
Siemens lamented that the Aggregate Technical, Commercial, and Collections Loss (ATC&C), which is the difference between the amount of electricity received by Disco from the transmission company and the amount of electricity for which it invoices its customers, is currently as high as 50 per cent.
The federal government recently began the implementation of the deal with the German firm which is expected to overhaul the beleaguered sector in three phases between now and 2025.
The first phase of the deal would see the upgrading of 105 power substations and the construction of 70 new ones, manufacture and installation of 35 power transformers, installation of 3,765 distribution transformers and building of 5,109 km distribution lines with a potential generation capacity of over 13,000mw.
In phase one, 7gw is expected to be achieved between now and 2021, with the upgrading of transmission and distribution of the Transmission Company of Nigeria (TCN) and Discos expected to contribute an additional 2gw,while for phase two, 11gw will be achieved between 2021-2023, with full use of existing generation and last mile distribution capacity.
The third part will see the attainment of 25gw between 2023-2025 with appropriate upgrades and expansion in generation, transmission and distribution.
Tifase maintained that the company had identified everything that needs to be done to transform the sector, noting that in the past, decisions on the sector were over-ambitious with no clear plan on how to achieve them.
She noted that with the new deal, which saw the federal government pay an initial counterpart funding of about N8.6 billion a few weeks ago, every action and every phase of the execution has been carefully mapped out to avoid the failure of the project.
She explained that with minimal human interference and greater automation, the practice of cutting off the meter and stealing of electricity will be eradicated.
“This requires the participation of all stakeholders. We will bring the technology which allows us manage meters, vending and other data that will allow collection and reconciliation of payment.
“You cannot tamper with that meter because there’s real-time intervention, so, we can switch off when it is being tampered with. We have identified what we need to do about those smart meters” she said.
She added that with the new move to ensure that there’s a cost-reflective system and the Nigerian Electricity Regulatory Agency’s (NERC) efforts, Nigeria will experience a gradual attainment of self-sufficiency in power supply.
Tifase, lamented that inadequate power supply in the country had led to mass exodus of companies and individuals which had also resulted in loss of Foreign Direct Investment (FDI).
The Siemens boss noted that with the company’s experiences in Iraq, Egypt and other third world countries, Nigerians would soon join the list of countries with adequate power supply.
In his intervention, Special Adviser, Policy, to the minister of power and Secretary, Presidential Power Initiative (PPI) Implementation Committee, Mr. Abba Aliyu, noted that lack of investment, inadequate infrastructure, uncoordinated policy implementation have been issues that beset the sector.
He assured that the federal government had put structures in place to ensure that the agreement and implementation of the Siemens deal is devoid of political considerations so as to outlive the current administration.
He said that there’s a clear governance structure which has made the operators comfortable to sit at the same table to negotiate the terms and conditions of the agreement.
News
NITDA Partners OGP to Drive Presidential Digital Goals

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE, has reaffirmed Nigeria’s commitment to open governance, transparency and inclusive digital development as the Open Government Partnership (OGP) team formally presented the award and certificate received at the OGP Global Summit Spain 2025 to the Agency’s leadership.

Nigeria emerged as the overall global winner in the Digital Governance category in recognition of the country’s excellence in deploying digital tools and policies to strengthen government transparency, accountability, and citizen engagement. In addition, Nigeria received the Regional Award for advancing Open Digital Governance across Africa and the Middle East, reaffirming its leadership role in promoting open government principles and driving digital transformation across the region.
These recognitions were largely attributed to initiatives led by NITDA in collaboration with civil society partners, such as Dataphyte, which showcased innovative and inclusive approaches to digital governance at the summit.
The summit, which was organised in Vitoria-Gasteiz, Spain, brought together more than 1,500 high-level representatives of governments, civil society leaders, and policymakers from around the world to exchange experiences, best practices, and progress on open government initiatives and implementation on key issues.
Receiving the OGP delegation at NITDA, Inuwa described the recognition as a national honour rather than an institutional one, stressing that the award reflects Nigeria’s collective efforts across government, civil society and the private sector in advancing open governance principles through the digital space.
According to him, such global recognition comes with heightened responsibility to deliver on commitments made under the OGP framework.
“This is not just about NITDA. It is a national recognition, and every recognition comes with responsibility,” the DG said.
“If we fail to execute the commitments we have made, it will not only affect our image locally but also at the international stage. This is also not something NITDA can do in isolation,” he added.
Inuwa linked the achievement directly to the Renewed Hope Agenda of President Bola Ahmed Tinubu, noting that digital transformation, transparency, economic diversification, job creation and efficient public service delivery remain central presidential priority areas.
He emphasised that leveraging digital technologies to deepen openness and accountability aligns with national objectives of strengthening institutions, improving governance outcomes and building trust between government and citizens.
Highlighting the importance of collaboration, the NITDA boss underscored the role of the OGP platform as a catalyst for a strong multi-stakeholder approach in Nigeria’s digital ecosystem.
He called on civil society organisations, development partners, the private sector and other government institutions to provide technical expertise, guidance and sustained engagement to ensure effective implementation of agreed commitments.
“We need to leverage the OGP platform. We need your expertise, your guidance, your support and your commitment to hand-hold us in delivering on these commitments,” he said.
He further noted that “a multi-stakeholder approach in the digital space is critical to fostering a resilient ecosystem that delivers real value to citizens.”
Inuwa disclosed that NITDA has already begun internal reviews of its OGP commitments and has tasked its representatives, including Dr Rousseau, to work with colleagues to develop a clear execution strategy.
He proposed the creation of joint work streams with OGP stakeholders to support implementation, ensure accountability and keep all parties on track.
“We are humans. Oversight and collaboration help us stay focused. With commitment, nothing is impossible, and I believe these goals are achievable,” he added, assuring the delegation of NITDA’s readiness and political will to deliver on all agreed commitments.
Inuwa also welcomed the idea of engaging the political leadership of OGP, including the Honourable Minister of Budget and Economic Planning, with a view to briefing President Tinubu on the achievement. He noted that celebrating milestones is important, as it reinforces morale and demonstrates that Nigeria’s efforts in digital governance are gaining global recognition.
“It’s also good when there are wins, we should celebrate, because we too never knew that the little things we are doing are noticed not just within Nigeria, but globally, to the extent of earning us this award,” he asserted.
He concluded by expressing gratitude to the Nigerian National OGP Secretariat and the global OGP leadership, reaffirming NITDA’s commitment to strengthening collaboration and building a more productive working relationship that will translate open governance principles into measurable national impact.
Earlier in his remark, Mr Olusoji Apampa, who led the OGP deelegation, said the honours were earned through a strong partnership between government and civil society, with NITDA playing a critical role, particularly in commitments focused on improving digital governance in Nigeria.
Apampa expressed hope that the awards would serve as added momentum to deepen ongoing commitments under NITDA’s leadership and accelerate the practical implementation of reforms aimed at strengthening digital governance across the country.
News
PalmPay Launches N400 Million World Travel Carnival, Rewarding Users with Free Global Trips

PalmPay, Nigeria’s leading digital banking platform, has announced the launch of its ₦400 million festive rewards campaign, designed to reward users with cash prizes and fully sponsored international travel experiences for everyday transactions on the PalmPay app.

The campaign will run from December 17, 2025, to January 8, 2026. The campaign is designed to reward everyday transactions with extraordinary experiences. It runs alongside PalmPay’s Purple December brand campaign, which focuses on wrapping up the company’s key brand and community initiatives for the year.
At the centre of the rewards campaign is the PalmPay World Travel Carnival, an interactive card collection experience that allows users to earn city cards by completing transactions on the app. Users are required to collect five city cards – London, New York, Dubai, Sydney, and Cape Town and combine them into a World Card, which unlocks a share of the prize pool.
The more World Cards a user creates, the larger their share of the cash rewards. Any extra uncombined cards can be swapped with friends and other PalmPay users to help complete additional World Cards.
Beyond cash rewards, the Carnival also offers Free Global Trips. In each round, the top two users with the highest number of eligible transactions (₦100 and above) and at least one World Card will win an all-expense-paid international trip.
The travel grand prize covers:
- Visa fees
- Round-trip international airfare
- 5-day, 4-night hotel accommodation
- Side attraction
- Meal expenses
- Airport pick-up and drop-off
- All transportation for scheduled tour activities during the trip
Winners will be determined through a transparent leaderboard system, with prizes credited automatically at the end of each round on December 25, December 31, and January 8.
Participation is simple:
- Complete tasks on the PalmPay app, such as Airtime, Data, Transfers, and other specific transactions listed in the app, to earn cards.
- Collect all five city cards.
- Swap cards with friends to complete your collection.
- Combine cards to form a World Card and earn cash rewards.
- Perform more transactions to climb the leaderboard for a chance at the global trip prize.
To ensure fairness, PalmPay has instituted strict rules: no cheating, bots, fake accounts, or manipulation. Any violations may lead to disqualification or account bans. Additionally, the Free Travel Prize is limited to one per user throughout the campaign.
Speaking on the launch, Femi Hanson, Head of Marketing & Communication, “This festive rewards campaign is about turning everyday banking into meaningful value for our users. With the World Travel Carnival as the headline activation, we are reinforcing PalmPay’s promise of being the smarter way to bank—where smart financial decisions unlock bigger opportunities.”
News
REA, NBS Partner to Deliver Comprehensive Energy Data for Nigeria

The Rural Electrification Agency (REA) and the National Bureau of Statistics (NBS) have signed a Memorandum of Understanding (MoU) to conduct a nationwide energy survey aimed at closing long-standing data gaps in Nigeria’s power sector. The initiative is expected to guide policy, attract investment, and accelerate universal electricity access.

Signed in Abuja, the agreement establishes a National Energy Survey based on the Multi-Tier Tracking Framework (MTF), a globally recognized methodology that measures electricity access not only by grid connection but also by quality, affordability, reliability, and usage of electricity and clean cooking solutions.
The survey will be implemented under the Energy Sector Management Assistance Program (ESMAP) of the World Bank. Dr. Abba Aliyu, REA Managing Director/CEO, said the partnership underscores REA’s commitment to evidence-based rural electrification planning and will generate detailed insights on electricity access and off-grid solutions nationwide.
Prince Adeyemi Adeniran, Statistician-General of the Federation/CEO of NBS, emphasized that reliable statistics are essential for effective policymaking, assuring that NBS will provide technical oversight, sampling expertise, and quality assurance to meet global standards.
The survey will assess energy access, household affordability, expenditure patterns, and the adoption of off-grid technologies such as solar home systems, mini-grids, and clean cooking solutions. REA will provide sector expertise and policy alignment, while NBS manages regulatory approvals, methodology, and technical supervision.
Funded and technically overseen by the World Bank, the exercise will run for 18 months, with the resulting data expected to improve national energy planning, programme targeting, and private sector investment, particularly in underserved and rural communities.
Officials said the collaboration reflects the Federal Government’s commitment to strengthening inter-agency coordination, enhancing energy data availability, and advancing Nigeria’s goal of universal electricity and clean cooking access.
E-Business3 days agoCheck Point Reveals Nigeria as Second Most Targeted African Country for Cyberattacks in November
Telecom3 days agoAirtel Africa Partners Starlink to Launch Direct-to-cell Service in 14 Markets
News3 days agoREA, NBS Partner to Deliver Comprehensive Energy Data for Nigeria
E-Financial3 days agoCBN Revokes Licenses of Two Mortgage Banks, NDIC Begins Liquidation
E-Financial3 days agoCBN Revokes Licences of Aso, Union Homes Mortgage Banks Over Regulatory Breaches
General News2 days agoFirstCap Acts as Joint Issuing House on Veritasi Homes & Properties Plc’s ₦30 Billion Bond Programme
E-Business3 days agoMicrosoft Empowers 350,000 more Nigerians with AI Skills
Broadcasting3 days agoMultiChoice Talent Factory Calls for Entries Into Fully Funded Film Training Programme


















