Connect with us

Business

Power generation stuck at 5,500MW as Bayelsa gets regulatory authority

Published

on

It appears Nigeria’s power grid is defying efforts to ramp up electricity supply to 6,000 megawatts, as electricity on the grid has been hovering around 5,500 MW for months.

This came as the Nigerian Electricity Regulatory Commission transferred the regulatory market in Bayelsa State to the Bayelsa Electricity Regulatory Agency.

Our correspondent reports that while more states continue to get regulatory autonomy, power generation has refused to show any appreciable increase. In a notice on its social media handles on Monday, the commission said it transferred regulatory authority to Bayelsa in compliance with the amended 1999 Constitution and the Electricity Act 2023.

“In compliance with the amended Constitution of the Federal Republic of Nigeria and the Electricity Act 2023 (Amended), the Nigerian Electricity Regulatory Commission has issued an order to transfer regulatory oversight of the electricity market in Bayelsa State from the Commission to the Bayelsa State Electricity Regulatory Agency,” the commission said.

The transfer order by NERC directed Port Harcourt Electricity Distribution Company Plc to incorporate a subsidiary distribution company to assume responsibilities for intrastate supply and distribution of electricity in Bayelsa State from PHED.

PHED was also directed to complete the incorporation of PHED SubCo within 60 days from August 21, 2025. “The subcompany shall apply for and obtain a licence for the intrastate supply and distribution of electricity from BYERA, among other directives,” the commission said.

It concluded that all transfers envisaged by the order shall be completed by February 20, 2026. With this order, Bayelsa has joined states like Lagos, Imo, Ogun, Ondo, Ekiti, Enugu, Niger, Edo, Oyo, and Plateau, which have the power to regulate electricity markets.

See also  Dangote Refinery: Consumer Forum says PENGASSAN plotting to sabotage energy independence

The state can now generate, transmit, and distribute electricity while issuing licences to investors within the value chain. However, it was observed that promises of power stability have yet to come to fruition.

The Minister of Power, Adebayo Adelabu, promised to raise power generation to 6,000 MW before the end of 2024, but this was not achieved. On March 5, Adelabu revealed that power generation increased to a new high of 6,003 due to the Band A tariff increase, with an assurance that this would get to 7,000 MW. However, the feat could not be sustained for a few days.

In a report, NERC said Nigeria’s power plants recorded an average available capacity of 5,577 MW in July 2025, despite an installed capacity of 13,625 MW. The commission’s July factsheet showed that the figure represents a plant availability factor of 41 per cent, with a five per cent decline from June 2025.

Average hourly generation during the month was 4,340 megawatt-hours per hour, a marginal 0.3 per cent increase from June, while the average load factor stood at 78 per cent, slightly lower by 3 per cent. The report showed that the majority of the power plants are performing way below their capacities.

A breakdown of the largest energy producers showed that Egbin, with 1,320 MW installed capacity, had an average available capacity of 717 MW, representing a 54 per cent availability factor. Delta recorded 482 MW out of 900 MW (54 per cent), while Kainji posted 360 MW out of 760 MW (47 per cent).

On the other hand, Odukpani recorded 209MW available out of 625MW (33 per cent); Zungeru, 199MW out of 650MW (31 per cent); and Afam 2, 202MW out of 625MW (33 per cent).

See also  Macleans Toothpaste: From 1919 British Innovation to a Nigerian Household Name

Some of the highest availability factors were reported at Jebba, which produced 372 MW out of 461 MW (77 per cent); Okpai 1 supplied 471 MW out of 578 MW (81 per cent), and Ihovbor 2 produced 449 MW out of 461 MW (97 per cent).

For other grid-connected plants, Alaoji 1, with 500 MW installed, recorded zero availability, while Afam 1 delivered 0.11 MW out of 726 MW capacity. Sapele Steam, with 720 MW installed, had 21 MW available (3 per cent), and Sapele 2 recorded 92 MW out of 500 MW (18 per cent).

NERC’s report also showed grid frequency averaged 50.64 Hz at the upper limit and 49.42 Hz at the lower limit, while grid voltage stood at 347.87 kV at the upper bound and 301.10 kV at the lower, which was 4 per cent below the limit of 313.50 kV.

The Managing Director/Chief Executive Officer of the Niger Delta Power Holding Company, Jennifer Adighije, said prior to August 2024, power plants such as Ihovbor, Alaoji, and Omotosho were recording Plant Availability Factors below five per cent.

She said her team initiated a strategic intervention, targeting recovery of idle turbine units by engaging the original equipment manufacturers and parts suppliers while building an in-house response and harnessing commercial relationships with gas suppliers to secure a stable gas supply to the power plants.

“The result is that we have successfully recovered five generating turbine units across the fleet, restoring 625 megawatts to active contribution to the national grid. Alaoji Power Plant, which had hitherto remained dormant for an extended period, is now set to come on stream in a matter of weeks,” the NDPHC boss said in a recent interview.

See also  Dangote Set To Become World’s Largest Refinery As It Increases Capacity

The convener of PowerUp Nigeria, Adetayo Adegbemle, said power supply issues remain a challenge. “Of course, power is a challenge. However, we do not expect state regulatory autonomy to kick into effect immediately. It will take some time to mature.

“This does not, however, mean that the national regulatory commission should not look into policies that help increase power generation or energy uptake. This is another reason I keep calling the Minister of Power out for his lack of policy leadership for the sector; even the National Integrated Electricity Policy is almost as if it does not exist,” Adegbemle said.

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

TUMBLR

INSTAGRAM

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Kwara strengthens partnership to boost mechanised farming

Published

on

The Kwara State Government has strengthened its partnership with the All Farmers Association of Nigeria and other agricultural stakeholders to advance mechanised farming, environmental sustainability and women inclusion across the state.

The renewed commitment was reaffirmed during a courtesy visit by the leadership of the Kwara State chapter of AFAN to the Kwara State Agro-Climatic Resilience in Semi-Arid Landscapes in Ilorin.

This was contained in a statement issued on Tuesday by the Communication Officer of KWACReSAL, Okanlawon Taiwo, a copy of which was made available to The PUNCH in Ilorin.

Speaking during the meeting, the State Project Coordinator of KWACReSAL, Shamsideen Aregbe, assured farmers of the state government’s continued support toward improving food production, mechanised agriculture and climate resilience.

He said, “Tractorisation remains a critical component of modern agriculture. Access to farming equipment is essential for increasing productivity and addressing food security challenges across the state.”

He explained that the tractor support initiative introduced last year followed a World Bank-backed intervention and presidential directive aimed at supporting farmers with mechanised farming equipment.

Aregbe acknowledged concerns raised about operational challenges affecting some tractors, assuring stakeholders that efforts were ongoing to determine the condition and operational status of the equipment to enable effective utilisation by farmers.

“We must sustain engagement with farming communities, particularly in addressing challenges relating to flooding, agricultural logistics and food security,” he added.

The project coordinator also stressed the need for gender equality and inclusion in agricultural interventions across the state.

“The inclusion of women is not negotiable. We must continue to encourage and support women to actively participate in agricultural programmes and leadership processes,” he stated.

See also  Dangote Set To Become World’s Largest Refinery As It Increases Capacity

Earlier, the Chairman of AFAN in Kwara State, Shuaib Ajibola, commended KWACReSAL for its interventions in the agricultural sector, reaffirming the association’s readiness to collaborate on programmes aimed at improving farmers’ welfare and environmental sustainability.

Ajibola disclosed that the association planned to commence an agricultural expo and stakeholder engagement programme across the state following its recent inauguration activities to reconnect with farmers and strengthen agricultural outreach.

“Previous editions of the interventions covered the 16 local government areas of the state and involved stakeholders from different agricultural sectors,” he said.

The AFAN chairman also raised concerns over land use disputes and other agrarian issues affecting farmlands, noting that the development had created anxiety among some farming communities regarding land ownership and rights.

“There is a need for sustained stakeholder dialogue and engagement to resolve disputes and ensure peaceful farming activities across communities,” Ajibola added.

Also speaking, the Project Coordinator of AFAM, AbdulRahman Babatunde, applauded KWACReSAL for its support to farmers, especially in the area of agricultural inputs and mechanised farming.

“ACReSAL provided 100 per cent agricultural inputs to participating farmers last year, and beneficiaries across communities can testify to the positive impact of the intervention,” Babatunde said.

He disclosed that farming activities for the current planting season had already commenced, with farmers actively registering, hiring tractors and preparing their farmlands.

In her remarks, the AFAM Women Leader, Sherifat Ibrahim, advocated increased empowerment and technical training for women in rural communities to enable them to actively participate in mechanised farming.

“There is a need for gender-friendly operational systems and practical training that will make tractor handling easier and more accessible for women and young learners involved in agricultural programmes,” she said.

See also  Dangote Refinery: Consumer Forum says PENGASSAN plotting to sabotage energy independence

Meanwhile, the Environmental Safeguards Officer of KWACReSAL, Mr Abubakar Mohammed, reaffirmed the project’s commitment to gender equality, women’s inclusion and effective grievance management across all project activities.

The renewed collaboration comes amid growing efforts by the Kwara state government to improve food production and strengthen climate-smart agriculture through partnerships with farmer associations, development agencies and international organisations.

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading

Business

See Full List of Top 10 World’s Largest Economies in 2026

Published

on

The United States is projected to remain the world’s largest economy in 2026 with a gross domestic product estimated at $32.1 trillion, according to new global economic forecasts obtained from Focus Economics on Wednesday.

The U.S. continues to lead global output through dominance in technology, finance, healthcare, and advanced manufacturing. Growth in artificial intelligence, healthcare innovation, and high-value industries has further widened its lead over other major economies in recent years.

The top 10 world economies ranked in numbers

1. United States — $32.1 trillion
The United States remains the world’s largest economy, accounting for over a quarter of global output in nominal terms. Its economy is highly diversified, with Silicon Valley driving global leadership in AI, biotech, and software, while Wall Street anchors the financial sector.

2. China — $20.2 trillion
China is the world’s second-largest economy, driven by manufacturing, exports, and large-scale industrial production. It remains the leading global producer of electronics, machinery, and textiles, though it faces structural challenges, including a shrinking population and high debt levels.

3. Germany — $5.4 trillion
Germany remains Europe’s largest economy, supported by a strong industrial base and the Mittelstand network of medium-sized manufacturing firms that form the backbone of its export strength.

4. India — $4.5 trillion
India continues its rapid economic rise, driven largely by services and information technology. Its economy has more than doubled over the past decade, supported by a young population and expanding domestic demand.

5. Japan — $4.4 trillion
Japan remains a global manufacturing powerhouse in robotics, automobiles, and electronics, although long-term growth is constrained by an aging population and structural economic stagnation.

See also  DisCos install 228,614 meters in Q3, 2025 — NERC

6. United Kingdom — $4.2 trillion
The United Kingdom is a major service-based economy, with strengths in finance, insurance, and real estate, anchored by the City of London.

7. France — $3.6 trillion
France has a diversified economy led by luxury goods, aerospace, agriculture, and manufacturing, with global brands such as Airbus and LVMH playing major roles.

8. Italy — $2.7 trillion
Italy combines a strong services sector with manufacturing strengths in fashion, machinery, and automobiles, driven largely by its industrial northern regions.

9. Russia — $2.5 trillion
Russia remains heavily dependent on oil and gas exports, with energy revenues playing a central role in its economy despite ongoing sanctions and geopolitical pressures.

10. Canada — $2.4 trillion
Canada rounds out the top 10, supported by natural resources such as oil, forestry, and mining, alongside a strong services and financial sector.

Economists say the global economy is increasingly being shaped by technology, demographics, energy transitions, and geopolitical tensions, all of which will influence how these rankings evolve in the coming years.

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading

Business

Nigeria misses OPEC oil production quota again

Published

on

Again, Nigeria has missed its crude oil production quota set by the Organisation of the Petroleum Exporting Countries after averaging 1.49 million barrels per day in April, below the 1.5 mbpd benchmark.

Figures from the Nigerian Upstream Petroleum Regulatory Commission showed that the country produced an average of 1,488,540 barrels of crude daily in April, representing about 99 per cent of the OPEC quota. When condensates were added, total daily production rose to 1.66mbpd

Last month, the NUPRC said oil production now averaged 1.8mbpd. However, data released on Tuesday was at variance with the report. The latest data mean Nigeria remained below its OPEC allocation for the ninth straight month since July 2025.

The NUPRC document showed that combined crude oil and condensate production peaked at 1.85 mbpd during the month, while the lowest output stood at 1.46 mbpd. The PUNCH reports that the April figures are an appreciable improvement compared to March, when oil output was 1.55mbpd.

Nigeria’s oil production has struggled for years due to crude theft, pipeline vandalism, ageing infrastructure, and underinvestment in the upstream sector. Although output improved marginally in April compared to March, it was still insufficient to meet the country’s OPEC target, underscoring persistent challenges in ramping up production despite government efforts to boost volumes.

The PUNCH reports that Nigeria’s crude production in March was 1.38 mbpd. While there was a 69,000 bpd increase from the 1.31 mbpd recorded in February, the figure is still 117,000 bpd below the OPEC quota.

The figures for February indicated a month-on-month decline of 146,000 barrels per day, widening the country’s shortfall from its OPEC production allocation. This is the eighth consecutive month the country has failed to meet the OPEC quota since July 2025.

See also  Dangote Refinery: Consumer Forum says PENGASSAN plotting to sabotage energy independence

Recall that although Nigeria recorded a marginal improvement in January, when production rose from 1.422 mbpd in December 2025 to 1.46 mbpd, the rebound was short-lived as output fell significantly in February 2026.

Earlier data from NUPRC had also shown that crude oil production weakened at the end of 2025. Production declined from 1.436 mbpd in November 2025 to 1.422 mbpd in December, before recovering slightly in January.

In 2025, Nigeria’s crude oil production fell below its OPEC quota in nine months of the year, meeting or slightly exceeding the target only in January, June, and July.

Nigeria opened 2025 strongly, producing 1.54 mbpd in January, about 38,700 barrels per day above its OPEC allocation. However, production slipped below the quota in February at 1.47 mbpd and weakened further in March to 1.40 mbpd, marking one of the widest shortfalls during the year.

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading

Trending