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How and Why Goodluck Failed to Fix Electricity

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Prof. Chinedu Nebo, former minister of Power, has asked the new government to wield the big stick which the immediate past government could not muster to deliver reliable electricity power supply to Nigerians.

The Guardian reported that Nebo also gave excuses why the government he served for two years and three months failed to improve electricity supply in the country.

He advised President Muhammadu Buhari, to “Wield the big stick and ensure there is gas to power if power generation is to improve.’’

Blaming inadequate gas supply and vandalism for the failure of the government he served, Nebo claimed that there are huge investments in the National Integrated Power Project (NIPP) and other investments in power generation had led to a historic 6000 megawatts installed generation capacity at handover.

Nebo said: “I hate excuses. But I would say that commitments were made to give us gas, but we didn’t get the gas. It is just as simple as that. It is very painful. I also blame vandalism.

According to the Guardian, but much of the blame goes to the oil firms and gas producers for what I consider their hypocrisy.

“They have been hypocritical with this whole issue of making sure that we have gas and helping us bring Nigerians out of darkness.”

He accused gas producers of being more interested in exporting the nation’s gas and diverting what remained for the domestic market to industries, instead of the power sector where it is greatly needed.

On generation, he said: “I regard the NIPP project as a huge benefit to this country. It wasn’t President Goodluck Jonathan’s administration that started it. It was started under the Olusegun Obasanjo administration, but it was left to fizzle out until President Jonathan came on board. He re-energised it and got all the three arms of government to agree to continue and complete the 10 plants.

‘‘In fact, the NIPP projects are contributing more power than the legacy Power Holding Company of Nigeria (PHCN) power plants to the national grid today. I would say that Jonathan’s administration did phenomenally well. Most of the NIPP projects had been completed, with a few on-going.

‘‘Again, privatisation and commercialisation of these plants are still ongoing. The completion of the privatisation of the other assets of PHCN was wonderful, because the entire process was adjudged to have been very transparent by global referees and umpires who observed the whole process and who certified it was very accountable.

“Since then, the private sector has injected so much to revive ailing turbines, much more than government could ever have found the money to do. Today, we have Egbin Power Plant adding over 220mws, Ughelli over 400mws.

But my two regrets, however, are that we lost the war against vandalism and we lost the war against inadequate gas supply.

“This new government should take a cue and make sure that the petroleum sector does what it ought to do to make sure that there is enough gas going to the power plants. It is very critical. If the new administration does not do that, Nigerians are going to keep suffering in darkness.”

On vandalism, he noted: “I do hope that the administration would also fight vandalism and bring the vandals to their knees. If we don’t do that, we are still going to have a problem. Every two weeks, the gas pipelines are blown up.
It takes two weeks to fix them only for them to be blown up again within 24 to 48 hours of fixing.

‘‘It cost over N120 million and thereabouts every month to fix the pipelines that are damaged. But recently, it is costing over N1billion plus to make sure that the integrity of the transportation of the gas-to- pipeline is maintained.

“I think it is scandalous that we produce over 5 billion scf of gas every day, sell 4 billion and retain only 1 billion scf for local use. The one for local use is preferentially given to industries and not to power, starving the power sector of the needed gas to industrialise this country and I think that is a shame.”

He was full of encomiums for Jonathan, noting that a good foundation had been established in power generation capacity.

He said: “For generation, as I have said, the NIPP projects have been great and many of them are coming on board, and more and more plants would be ready. If there is gas, it shouldn’t take long before every Nigerian would know that a lot happened in the last few years with regard to the power sector.

‘‘It is very important that we look at the score cards.

For two years and three months, I was Minister of Power. Looking back, it hasn’t been a bed of roses. Even if it were a bed of roses, when you have roses, you have thorns. In fact, sometimes, we have seen more thorns than the roses. But we are grateful to God that the power sector has really come a long way.”

“Thankfully, a lot of funding has being injected into the transmission infrastructure. The grid is being strengthened, and for the first time, we were able to hit a peak of over 100,000 mega watts hours in a day within the Jonathan administration that the grid handled. We had less collapsing of the grid. We used to have systems collapse all the time. It is now minimised.

“With regards to distribution, privatisation, of course, has helped. Discos are now under the private sector. One or two are doing well, and the others are either average or not doing well. But I think government should continue to create an enabling environment. The hich will now give the power to the Discos. So, the Discos are suffering, simply because there is not enough power, and many of them are not able even to find enough money to keep them afloat. They need money in order to remain afloat.’’

On how to solve the power supply problem, Nebo said: “The best way, the quickest way, the most inexpensive way of making sure that Nigerians get power, adequate power and eventually 24/7 power is embedded generation or distributed power.

‘‘If you have embedded generation, 10mws or 20mws, by the time you put 20mws in 10 different places, you would have 200mws. You can do that in one year. But for a mega 200, 400, or 500mw plant, it is a different thing entirely. By the time you build that, starting from concept, to design and financing, getting international partners, the partial risk and national sovereign guarantee, it would have taken five to six years.

“While in one year, you can have 50 of 20mws plants that translate to 1000mws, trying to do one mega plant of 1000mws takes five years. This means that we can actually give Nigerians 2000mws of power by embedded generation or distributed power every year, till the year 2020. With that, we will meet our target.”

He also called for action on the Petroleum Industry Bill (PIB), noting that it would liberalise the market, and make it easier for more gas to be available.

The Guardian discovered that many people residing in the suburbs and villages are connected directly to the electricity poles without meters and they pay cash monthly, to marketers.

One such customer told The Guardian: “I approached the electric people in my area of Lagos for a meter and I was told that prepaid meters are not available. One of the marketers advised that I should pay N25,000 to get an account generated for me to enable me get connected and get bills from the Disco on a monthly basis, which I agreed.

‘‘The marketer collected the money from me without proof of payment and connected electricity supply to my apartment that same day with a promise to send me a bill by the end of that month. I was surprised at the end of that month, the bill was not sent, but the marketer came to demand N3, 000, which is supposed to be my monthly bill. He collected it with another promise to send the bill by the end of the second month, which I never got. This continued until I complained to a higher authority before they now started sending bills to me.”

The Guardian also discovered that most of the shops and houses in Aja, Okota, Agege, Sango, Ikorodu, Epe areas do not have meters, but rather, the marketers collect the money in cash every month.

The investigation also showed that most of the houses in the villages across the country are not connected to electricity meters, though the residents pay monthly to marketers.

For example, virtually all the houses in Atuagbo Uneah in Esan Central Local Council of Edo State are not connected to meters, but directly to the electric poles. The customers do not get monthly bills, but pay cash directly to marketers.

Also, in Npkehi, in Owerri North Local Council of Imo State, residents make monthly payments to workers of Enugu Disco who neither give them bills nor receipts.

The fact is that some marketers are feeding fat on the desperation of Nigerians with the excuse of non-availability of prepaid meters.

Lamenting the poor power supply in the country, Buhari at his inauguration, had said that despite the about $20 billion expended in the electricity sector in the last 16 years, no significant achievement has been recorded.

He however, vowed to tackle the issue of power supply during his tenure.


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US to Deny Applicants Saying they Fear Persecution @ Home Visas

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United States has introduced further restrictions on potential asylum seekers by requiring US visa applicants to confirm they do not fear persecution in their home countries.

US to Deny Applicants Saying they Fear Persecution @ Home Visas

Donald Trump administration’s goal is to prevent individuals from using non-immigrant visas as a means to claim asylum once they reach US soil.

According to a diplomatic notice sent to all embassies and consulates this week, applicants for non-immigrant visas, including tourists, students, and temporary workers, must now affirm their safety at home to be eligible for entry.

This move is part of a broader shift in policies designed to tighten US immigration controls.

New screening procedures

Consular officers have been instructed to ask two specific questions during the application process:

“Have you experienced harm or mistreatment in your country of nationality or last habitual residence?”

“Do you fear harm or mistreatment in returning to your country of nationality or permanent residence?”

“Visa applicants must respond verbally with a ‘no’ to both questions for the consular officer to continue with visa issuance.”

The statement notes, “Consular officers must prevent abuse of the immigration system by visa applicants who misrepresent their purpose of travel, including those who attempt to obtain nonimmigrant visas for the purpose of claiming asylum upon arrival in the United States.”

A State Department spokesperson defended the measure, stating: “Consular officers are the first line of defence for US national security.

The department uses all available tools and resources to determine whether each visa applicant qualifies under US law”.

To qualify for asylum under current law, an individual must be physically present in the US and be fleeing persecution based on race, religion, or political affiliation.

However, immigration experts warn that these new requirements may force vulnerable individuals into dangerous situations.

Camille Mackler, an immigration policy consultant, told CNN that the directive “is going to put people in really bad, terrible positions of having to make choices that ultimately affect their and their family’s safety.”

She added: “I also think this pushes people to unsafer pathways and unsafer routes, because if you need to leave, you leave, and you do whatever you need to do to do that.”

The rule follows other recent measures, including increased vetting for student visas and a temporary suspension of immigrant visa processing for 75 countries earlier this year.


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Fiona Ahimie, MD First Securities Brokers Elected First Female President of the Chartered Institute of Stockbrokers

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The Chartered Institute of Stockbrokers (CIS) has elected Fiona Ahmed Ahimie, Managing Director, First Securities Brokers Limited, a subsidiary of FirstHoldCo Plc., as its 14th President, making her the first woman to be elected President and Chairman of Council in the Institute’s history.

Her emergence is more than a leadership change it is a defining milestone that signals the rising influence of women at the highest levels of Nigeria’s financial services industry and underscores the evolving face of capital market leadership.

With close to two decades of distinguished experience spanning stockbroking, investment banking, private equity, real estate, wealth management and business development, Fiona brings deep market insight, global exposure and a proven track record of delivering growth and market impact.

She began her career at one of Nigeria’s prominent Stockbroking firms, where she built a solid foundation in capital market operations and foreign investor deal flows. She later joined FBN Capital (now FirstCap) as Head of Sales Trading, playing a pivotal role in managing both international and domestic institutional deal flows.

In 2015, she was appointed Managing Director of African Alliance Securities Nigeria, where she drove significant expansion in market share, client base, and cross-border transactions.

Since joining First Securities Brokers Limited in 2016, she has led a remarkable transformational growth, positioning the firm among Nigeria’s top-tier brokerage houses by 2018 through enhanced execution capabilities and increased global investor participation.

Beyond executive management, Fiona has held several board and board committee roles and currently serves on the boards of First Funds (the private equity arm of FirstHoldCo Group), NGX Real Estate Limited (a subsidiary of NGX Group), Japtini Logistics, and Awabaah (a micro- pensions business). She is also a member of the Statutory Audit Committee of the Central Securities Clearing System (CSCS).

An advocate of continuous learning and thought leadership, Fiona has received executive education from MIT Sloan School of Management (USA), IESE Business School (Spain), and INSEAD (France). She is a Doctorate candidate at Afe Babalola University Business School.

Her professional affiliations include being a Chartered Stockbroker, Chartered Accountant, and Chartered Director, she is also an Honorary Member of the Chartered Institute of Bankers of Nigeria, she also serves on the Curriculum Review Committee of Lagos Business School and has been a mentor on the WIMBIZ Women on Boards Programme for four consecutive years.

Beyond corporate leadership, Fiona is deeply committed to philanthropy, supporting multiple institutions and sponsoring the education of young people reflecting her passion for inclusive growth and generational impact.

Her leadership philosophy is guided by enduring principles, excellence in execution, a refusal to settle for mediocrity, and an unwavering commitment to integrity and fairness.

Fiona’s presidency comes at a pivotal time for Nigeria’s capital market, as it navigates increased global integration, regulatory evolution, and rapid digital innovation. As President, she is poised to advance strategic priorities including deepening the market, strengthening professional standards, enhancing investor confidence, and nurturing the next generation of capital market professionals.

Fiona will assume office on April 30, 2026, with her formal investiture scheduled for June 25, 2026, where key stakeholders across Nigeria’s financial ecosystem are expected to gather to mark this historic leadership transition.


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Hackers Won’t Stop: NDPC Reports 1,500 Attacks, Warns Organisations

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 National Data Protection Commission (NDPC) has revealed that it recorded over 1,500 cyberattack attempts within a short period, exposing critical gaps in Nigeria’s data protection ecosystem.

The National Commissioner of NDPC, Dr. Vincent Olatunji, disclosed this in an interview with the News Agency of Nigeria (NAN) on the sidelines of a data protection training programme in Lagos.

Olatunji said the surge in cyberattacks forced the commission to temporarily shut down its network as a security measure to prevent hackers from breaching its systems.

“This temporary shutdown was a preventive move to stop the attackers from succeeding; it underscores how serious the threats have become,” he said.

Olatunji said cyber threats had become persistent and increasingly sophisticated, requiring organisations to adopt proactive and continuous security measures.

“Cyberattacks are no longer occasional; they are constant. Organisations must monitor their systems round the clock and remain up to date with security protocols,” Olatunji said.

He stressed that entities handling personal and sensitive data must implement robust cybersecurity frameworks, regular audits and incident‑response plans to reduce exposure.

The NDPC commissioner highlighted the acute shortage of qualified Data Protection Officers (DPOs) as a major challenge in Nigeria’s data protection landscape.

He said the Nigeria Data Protection Act mandates organisations to appoint DPOs, creating a surge in demand for certified professionals that the current workforce cannot meet.

“There is a significant gap between demand and supply of skilled personnel. This training is designed to prepare participants not just for certification, but to fill that gap effectively,” he said.

Olatunji said Nigeria’s data protection ecosystem had recorded notable growth under a Public‑Private Partnership (PPP) model, generating over 10 million dollars in value.

He also revealed that the framework had generated more than seven billion naira in government revenue through registration fees and fines.

“Beyond revenue, it has strengthened Nigeria’s global reputation and boosted investor confidence in how data is managed and protected,” he said.

On ransomware attacks, Olatunji warned organisations against paying ransoms, stressing that payment emboldened cybercriminals and encouraged further targeting.

“Once you pay, you empower attackers. The focus should be on strengthening systems to prevent breaches, having backup plans, and responding swiftly when incidents occur,” he said.

He urged both public and private institutions to prioritise resilience over quick fixes when dealing with cyber extortion.

Facilitator Dr. Taiwo Oyeleye said the ongoing training programme was designed to equip participants with both theoretical and practical knowledge of data protection and privacy.

“They will gain a clear understanding of data protection principles, organisational frameworks and technical safeguards required to secure sensitive information,” he said.

Oyeleye expressed confidence that participants would help bridge existing awareness and capacity gaps across sectors such as finance, health, telecommunications and government services.

Another facilitator, Mr. Wole Jacobs, advocated for stronger collaboration between the NDPC and the National Information Technology Development Agency (NITDA) to confront emerging cyber threats.

Jacobs said the training would enhance participants’ capacity to protect data, promote awareness and contribute to Nigeria’s digital‑transformation agenda.

He emphasised the need for continuous learning and adherence to global best practices in cybersecurity and data‑privacy standards.


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