BUHARI, ABBAS, AKUME, OTHERS AMONG AS WIKE REVOKES ALLOCATION OF 762 FCT LANDOWNERS. (PHOTO).

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 𝐁𝐮𝐡𝐚𝐫𝐢, 𝐀𝐛𝐛𝐚𝐬, 𝐀𝐤𝐮𝐦𝐞, 𝐎𝐭𝐡𝐞𝐫𝐬 𝐀𝐦𝐨𝐧𝐠 𝐚𝐬 𝐖𝐢𝐤𝐞 𝐑𝐞𝐯𝐨𝐤𝐞𝐬 𝐀𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝟕𝟔𝟐 𝐅𝐂𝐓 𝐋𝐚𝐧𝐝𝐨𝐰𝐧𝐞𝐫𝐬 Nyesom Wike, the Minister of the Federal Capital Territory, has revoked the lands allocated to several prominent Nigerians, including former President Muhammadu Buhari, Speaker of the House of Representatives Tajudeen Abbas, and Secretary to the Government of the Federation George Akume, due to non-payment of Certificate of Occupancy fees. Also, 759 other prominent figures and organisations in Maitama II, Abuja. were also affected by the revocation which was for non-payment of Certificate of Occupancy. This was contained in a publication by the FCT Administration and made available to newsmen by the Special Adviser to the FCT Minister, Lere Olayinka. In a separate publication, the minister also threatened to revoke lands belonging to the Minority Leader of the House of Representatives, Kingsley Chinda; former presidents of the Sena...
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NIGERIA'S METERING GAP AT 50% AS DISCOS' MONTHLY REVENUE REACHES N160BN-NERC. (PHOTO).

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 Nigeria's Metering Gap at 50% as DisCos' Monthly Revenue Reaches N160bn – NERC


Nigeria's metering gap remains at 50%, according to Yusuf Ali, Commissioner for Planning, Research, and Strategy at the National Electricity Regulatory Commission (NERC).


This update comes as the monthly revenue of electricity distribution companies (DisCos) reached a significant N160 billion in July 2024.


Ali, speaking at the PWC Annual Power and Utilities Roundtable in Lagos, acknowledged that the metering deficit, which existed at the time of privatization, continues to persist despite efforts to address it. Since 2013, over 3.03 million meters have been installed through various initiatives, including the Credit Advance Payment for Metering Implementation (CAPMI), the National Mass Metering Programme (NMMP), and the Meter Asset Provider (MAP) scheme.


He emphasized that poor customer enumeration across DisCos further exacerbates the metering issue, noting that effective metering is crucial for revenue recovery. Without proper metering, the success of tariff reforms would be compromised.


On the issue of DisCos' revenue, Ali highlighted a significant increase from N31 billion in July 2017 to N160 billion in July 2024. He also pointed to the positive impact of payment discipline initiatives launched in 2020, which have led to higher remittances to upstream players, such as generation companies (GENCOs).

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