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DisCos’ revenue rises 450% as debt profile hits N700bn

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***Available plant capacity falls by 41%

***13 years of privatisation yield little results

***FG turns to bonds to tackle N6trn debt

*** Power supply has improved, Power Minister insists Consumers, experts react

Revenue collected by Nigeria’s electricity Distribution Companies (DisCos) rose by about 450 per cent in eight years, from N218.16 billion in the first half of 2018 to N1.2 trillion in the corresponding period of 2026, far outpacing growth in electricity supply over the period.

Data from the Nigerian Electricity Regulatory Commission (NERC), analysed by Financial Vanguard, showed that while DisCos’ revenue increased by about N983.04 billion, total electricity supply grew by only 4.8 per cent, from 16,861 gigawatt-hours (GWh) in the first half of 2018 to 17,668GWh in the first half of 2026, even as their debt profile in the last six months hits N700billion.

The data also indicated that average available generation capacity declined by 41 per cent, from 7,565.5 megawatts (MW) in the first half of 2018 to 4,456MW in the corresponding period of 2026.

On an annual basis, DisCos’ revenue increased by about 666 per cent in ten years, from N302.93 billion in 2016 to N2.32 trillion in 2025, highlighting the widening gap between revenue growth and improvements in electricity supply.

NERC data showed that while DisCos’ annual revenue rose by about N2.016 trillion over the period, average daily power generation increased by approximately 36 per cent, from 3,276MW in 2016 to 4,475MW in 2025.

The disparity has raised concerns about the extent to which increased revenue collections have translated into improved electricity supply and service delivery to consumers, 13 years after the privatisation of the power sector.

In the same vein, data from NERC showed that in the first half of 2026, DisCos failed to collect N700.53 billion. It indicated that while the utilities received N1.9trillion worth of energy from the market, they collected N1.2trillion from consumers, leaving a balance of N700 billion.

The Rural Electrification Agency (REA) has estimated that about 85 million Nigerians still lack access to electricity.

In 2016, DisCos collected N302.925 billion, while total annual electricity supply stood at 23,742GWh. By 2025, revenue had risen by about 666 per cent to N2.3188 trillion, while annual electricity supply increased by 31.6 per cent to 31,251GWh.

DisCos’ revenue rose to N370.456 billion in 2017, before increasing to N448.749 billion in 2019 and N542.729 billion in 2020. Collections further climbed to N775.336 billion in 2021 and N841.811 billion in 2022.

The upward trend accelerated in subsequent years, with revenue reaching N1.0775 trillion in 2023, N1.6597 trillion in 2024 and N2.3188 trillion in 2025.

By comparison, annual electricity supply increased from 23,742GWh in 2016 to 33,489.17GWh in 2019 and 35,242.17GWh in 2020. It rose further to 36,710.60GWh in 2023 and peaked at 37,093.70GWh in 2024 before declining to 31,251GWh in 2025.

The divergence was particularly evident in 2025, when annual electricity supply fell by about 15.7 per cent from 37,093.70GWh in 2024, even as DisCos’ revenue increased from N1.6597 trillion to N2.3188 trillion.

13 years of privatisation yield little results

The bulk of the power sector was privatised in November 2013, with generation plants and 11 distribution companies handed over to private investors, while the Federal Government retained control of the transmission segment.

The arrangement formed the basis of the Nigerian Electricity Supply Industry, NESI.

However, 13 years after privatisation, concerns remain over the pace of growth in electricity supply despite over N10 trillion public investment in the sector.

NERC data showed that in 2016, three years after privatisation, the average available generation capacity of 27 power plants was 7,527MW, while actual average generation stood at 3,276MW.

By 2025, with installed generation capacity of more than 13,000MW, average available capacity had fallen by 28.3 per cent to 5,398MW, while average generation rose to 4,475MW.

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Hassan Umar wins APC ticket for Zamfara constituency with 9,416 votes

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By Prosper Okoye

Hassan Umar Dangaladima has won the All Progressives Congress (APC) primary for Kaura Namoda and Birnin Magaji federal constituency in Zamfara State, securing 9,416 votes in an exercise preceded by security concerns and attacks on party members.

His opponent, Aminu Sani Jaji, polled 661 votes, according to the result announced by the party’s electoral committee.

The declaration was made by Mustapha Muhammed, acting chairman of the APC electoral committee from the party’s national headquarters, who served as the returning officer.

Muhammed said Umar met the party’s constitutional requirements and electoral guidelines, formally declaring him the winner of the primary.

The election took place against a backdrop of security concerns following attacks by suspected political thugs that reportedly left several APC members injured and vehicles damaged.

Security agencies subsequently intervened to restore order, allowing the voting exercise to continue.

Speaking to journalists after his victory, Umar thanked party members and constituents for their support, while acknowledging the role of security personnel and electoral officials in conducting the exercise.

He also called for reconciliation among party stakeholders, extending an olive branch to Jaji and urging supporters of both camps to unite ahead of the 2027 general elections.

Umar said unity within the party would be crucial to its prospects in the next general election.

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Geosciences Society explores benefits of GeoAI in remote sensing, climate challenges in Africa

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By Chidera Orji

Participants at the 2026 IEEE Geoscience and Remote Sensing Society (GRSS) West Africa Summer School have stressed the need for government to embark on critical studies on how geospatial artificial intelligence (GeoAI), remote sensing and Earth observation can help address environmental and climate challenges in Africa.

They made the call at the end of a conference which took place at the Nigerian Institute for Oceanography and Marine Research (NIOMR) Lagos, from 31st October to 4th November, 2026.

The conference dubbed “Summer School”, drew participants from the NNPCL, NGC, Ministry of Environment, Housing, Computer Scientists, Engineers, among others.

They explored opportunities for learning, collaboration, innovation, and professional development, especially on the transformative potential of geospatial technologies, and remote sensing in addressing some of the most pressing environmental and climate challenges facing the West African region.

The gathering brought together industry professionals, researchers, and students with a shared commitment to advancing science and technology for humanity.

The key sponsors of the workshop was the IEEE Geoscience and Remote Sensing Society, drawing distinguished academics including Prof. Lizhe Wang, Prof. Saurabh Prasad, Dr. Anabella Ferral, Dr. Andongma Tende, Ms. Temitope Ajayi, Mr. Ifeanyi Ezealaji, Dr. Victor Okorondu, Dr. Samuel Dekolo, and Dr. Richmon Akwasi Nsiah who provided the knowledge to broaden the expertise, experiences, and insight of the participants.

The host institution, the Nigerian Institute for Oceanography and Marine Research (NIOMR), as well as industry partners, Geospatial Research Limited and Huawei Technologies Nigeria, provided support and facilities which made the training a huge success.

The General Chair of the event, Engr. Oto-Obong John Effiong, and Chair of the IEEE Nigeria Section, Prof. Ifeyinwa Achumba, spelt out the ground rules, encouraging participants to remain focused through the discussions.

Delivering the keynote address, Engr. Abdulhafis Gbolahan, FNSE, Permanent Secretary of the Lagos State Ministry of Housing, spoke vividly on how urban development and increasing heat exposure affect housing and environmental conditions in Lagos State, while Dr. Adongma Wanduku who the first technical lecture, “Fundamentals of Remote Sensing and Earth Observation”, introduced the paerticipants to the use of remotely sensed data in environmental monitoring, climate action, weather forecasting and disease control, and explained how these data can inform decisions.

Also, Mrs. Temitope Ajayi of the University of Basilicata, Italy, took the participants on an excursion on how her background in electronics and computer science in Nigeria and her participation in an academic programme sparked her interest in remote sensing.

Dr. Saurabh Prasad delivered a lecture “From Observation to Understanding: AI and Earth Observation”, explaining how artificial intelligence (AI) can help process and interpret remotely sensed data and turn observations into information that supports environmental decision-making.

Engr. Peter Magbo, Chair of the Local Organising Committee, briefed participants on travel and accommodation for the in-person sessions, while Engr. Sandra Nwokoye encouraged the participants to stay curious and apply what they learned to practical problems.

Ifeanyi Peter Ezealaji, one of the key resource persons, led a hands-on session on how QGIS, a geographic information system (GIS) used to analyse and visualise spatial data.

At the end of the academic sessions, participants practised acquiring and importing geospatial data into QGIS, merging datasets, cleaning records and removing unwanted data, clipping datasets to defined geographical boundaries, working with coordinate reference systems, as well as organising and processing spatial data for further analysis.

Equally lined up as part of the practical training, the participants embarked on a guided tour to the Nigerian Institute for Oceanography and Marine Research to secure hands-on knowledge on how its research and monitoring support the study and management of marine environments.

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INEC flags staff in 10 states over AI voter photos

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By Our Reporter

The Independent National Electoral Commission (INEC) has removed artificial intelligence-generated photographs uploaded to the national voters’ register and flagged officials implicated in the practice across 10 states for disciplinary action.

INEC National Commissioner, Mohammed Haruna, disclosed this on Wednesday during a webinar organised by the PUNCH Media Foundation, titled ‘AI, Misinformation and Nigeria’s 2027 Elections: Safeguarding the Truth, Protecting the Vote’.

Haruna, who is also Chairman of the commission’s Information and Voter Education Committee, described the development as a major challenge, noting that the commission had already taken down AI-generated photographs identified on the voters’ register.

He, however, acknowledged that INEC faced limitations in preventing members of the public from manipulating or enhancing their photographs before uploading them during voter registration.

The commissioner said the commission had also identified cases involving its own personnel and was taking steps to address the violations.

“We have already seen one of the challenges, which is that a lot of AI-generated photographs were posted onto the voters’ register, which, as we have said, we have had to take down,” he said.

Haruna explained that while it might be difficult for the commission to prevent members of the public from manipulating their photographs before submission, it had greater control over violations involving its officials.

“But the ones involving our own staff, where it is our own staff that did so, that one is within our control. We are in the process of addressing it. They have been flagged,” he said.

He disclosed that the commission had obtained the names of the officials involved across about 10 states, adding that they would face disciplinary action.

“We have their names across about 10 states, and obviously, they are going to face disciplinary action,” he added.

On INEC’s preparedness to regulate the use of artificial intelligence in the electoral process ahead of the 2027 general elections, Haruna said the commission had developed an AI policy but was working to finalise it.

He noted that the rapid evolution of artificial intelligence had created regulatory challenges for countries across the world, including advanced democracies.

According to him, the evolving nature of the technology has made it difficult for governments to establish comprehensive and specific regulatory frameworks.

“As you know very well, it is new territory out there. Even the most advanced countries don’t have what you might call concrete, specific policies about AI because these things are evolving,” he said.

Haruna, however, said INEC had developed ideas on how it intended to deploy and regulate the technology, assuring that the policy would soon be finalised and made available to the media.

“But we have at least some ideas of what we want to do and how we want to use that. We have that policy. Very soon, we will concretise it, and we will be able to share it with the media,” he said.

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