ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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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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