Sunday, June 29, 2025
  • About Us
  • Advertisement
  • Privacy Policy
The Daily Crucible
  • Home
  • News
  • Business

    It’s Illegal To Operate As Realtor, Agent, Real Estate Practitioner In Lagos Without Registration – State Govt

    ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

    ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

    FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

    FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

    Pelican Valley CEO, Dabiri-Erewa To Poach Diaspora Investments From UK

    Pelican Valley CEO, Dabiri-Erewa To Poach Diaspora Investments From UK

    Nigeria’s Foreign Trade Hits ₦36,025 Billion In Q1, ’25 As Oil, Non – Oil Exports Rise

    Nigeria’s Foreign Trade Hits ₦36,025 Billion In Q1, ’25 As Oil, Non – Oil Exports Rise

     Let Bayo Ojulari Clean the Rot In NNPCL, Oil Experts Tell Tinubu

     Let Bayo Ojulari Clean the Rot In NNPCL, Oil Experts Tell Tinubu

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    Valentine: 2Baba Proposes To Edo Lawmaker Natasha Osawaru

    Valentine: 2Baba Proposes To Edo Lawmaker Natasha Osawaru

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    I’m Still Saving My Virginity – Actress Olayode

    I’m Still Saving My Virginity – Actress Olayode

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    I’ll Name 7 Celebrities I’ve Dated In Nigeria – Bobrisky

    I’ll Name 7 Celebrities I’ve Dated In Nigeria – Bobrisky

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    Gateway Games Activities Grounded As Ogun Athletes Protest Over Unpaid Allowance

    Gateway Games Activities Grounded As Ogun Athletes Protest Over Unpaid Allowance

    Odogbolu Leads As First Local Govt To Adopt eSports

    Odogbolu Leads As First Local Govt To Adopt eSports

    Gateway Games: Athletes, Spectators Flee As Gas Explosion Rocks Alake Sports Complex

    Gateway Games: Athletes, Spectators Flee As Gas Explosion Rocks Alake Sports Complex

    Gateway Games: NSC Disqualifies 6 Athletes Over Alleged Doping Issues

    Gateway Games: NSC Disqualifies 6 Athletes Over Alleged Doping Issues

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
  • Home
  • News
  • Business

    It’s Illegal To Operate As Realtor, Agent, Real Estate Practitioner In Lagos Without Registration – State Govt

    ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

    ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

    FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

    FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

    Pelican Valley CEO, Dabiri-Erewa To Poach Diaspora Investments From UK

    Pelican Valley CEO, Dabiri-Erewa To Poach Diaspora Investments From UK

    Nigeria’s Foreign Trade Hits ₦36,025 Billion In Q1, ’25 As Oil, Non – Oil Exports Rise

    Nigeria’s Foreign Trade Hits ₦36,025 Billion In Q1, ’25 As Oil, Non – Oil Exports Rise

     Let Bayo Ojulari Clean the Rot In NNPCL, Oil Experts Tell Tinubu

     Let Bayo Ojulari Clean the Rot In NNPCL, Oil Experts Tell Tinubu

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    Valentine: 2Baba Proposes To Edo Lawmaker Natasha Osawaru

    Valentine: 2Baba Proposes To Edo Lawmaker Natasha Osawaru

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    I’m Still Saving My Virginity – Actress Olayode

    I’m Still Saving My Virginity – Actress Olayode

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    I’ll Name 7 Celebrities I’ve Dated In Nigeria – Bobrisky

    I’ll Name 7 Celebrities I’ve Dated In Nigeria – Bobrisky

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    Gateway Games Activities Grounded As Ogun Athletes Protest Over Unpaid Allowance

    Gateway Games Activities Grounded As Ogun Athletes Protest Over Unpaid Allowance

    Odogbolu Leads As First Local Govt To Adopt eSports

    Odogbolu Leads As First Local Govt To Adopt eSports

    Gateway Games: Athletes, Spectators Flee As Gas Explosion Rocks Alake Sports Complex

    Gateway Games: Athletes, Spectators Flee As Gas Explosion Rocks Alake Sports Complex

    Gateway Games: NSC Disqualifies 6 Athletes Over Alleged Doping Issues

    Gateway Games: NSC Disqualifies 6 Athletes Over Alleged Doping Issues

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
No Result
View All Result
Home Business

IBEDC, Others Risk Licence Revocation Over Power Outages, Poor Supply – Minister

The Daily Crucible by The Daily Crucible
March 7, 2024
in Business
0
IBEDC, Others Risk Licence Revocation Over Power Outages, Poor Supply – Minister

 

Electricity Distribution Companies (DisCos) are to be held accountable going forward in the event of poor power supply in the country, the Federal Government said on Wednesday.

You might also like

It’s Illegal To Operate As Realtor, Agent, Real Estate Practitioner In Lagos Without Registration – State Govt

ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

The FG also threatened tough sanctions, including licence revocation, against them, if they failed to improve.

“Moving forward, I’m committed to holding all distribution companies accountable for their performance.

“Wilful non-performance will not be tolerated, and severe consequences, including licence revocation, may be imposed,” the minister said in a statement.

The minister who deplored the erratic electricity supply in country, summoned the Abuja Electricity Distribution Company (AEDC), the Ibadan Electricity Distribution Company (IBEDC) and the Transmission Company of Nigeria (TCN) for a meeting on Tuesday.

The Daily Crucible reports that in the last three months, Electricity supply has dipped across Ogun State which falls within the business jurisdiction of IBEDC operations and the experience is similar in other parts of the country being handled by other DidCos. There seemed to be no end in sight.

 

This prompted the minister to express serious concern over the poor performance of the Nigerian Electricity Supply Industry (NESI).

The causes of the outages and poor supply were attributed to lack of adequate gas supply, grid breakdown, low supply from Generating Companies (GenCos), the inability of DisCos to wheel supply from GenCos and sabotage.

ADVERTISEMENT

 

Adelabu, who tweeted on his X handle, reiterated the reasons for summoning the AEDC and IBEDC chief executives and the TCN Managing Director.

He gave the reason as an attempt to find a plausible solution to the power supply in their zones.

Adelabu described as “disheartening” the decline in power supply despite the concerted efforts to improve the situation.

He noted that his Ministry has been exerting pressure on the GenCos to enhance their performance, resulting in a recent increase in generation to over 4000MW.

“Despite this progress”, the minister said, “certain distribution companies are failing to adequately distribute the power supplied by TCN, while vandalism of power infrastructure exacerbates the problem in regions such as Abuja, Benin, Port Harcourt, and Ibadan.

“The purpose of this meeting is to discuss the worsening power supply in their respective regions and to collectively find lasting solutions.”

The minister threatened to henceforth hold the DisCos accountable for their performance.

He said: “Willful non-performance will not be tolerated, and severe consequences, including license revocation, may be imposed.

“Additionally, I have instructed TCN to prioritise repair works on damaged transmission towers and power lines to improve supply in affected regions.”

Adelabu recalled that during recent supervisory visits to power-generating plants, he witnessed firsthand the challenges faced by the sector.

He spoke of plans to settle outstanding debts to power generation and gas supply companies, which will alleviate the financial strain and contribute to improved generation levels nationwide.

Pleading with consumers for understanding, Adelabu said he and his team had been making frantic efforts to tackle the challenges.

“I urge electricity consumers to remain patient as we work tirelessly to address these issues and provide better service to all Nigerians,” he said.

The Nation learnt last night that the payment of $120 million out of the $1.3 trillion owed to the gas suppliers has unsettled the GenCos.

The GenCos are said to be meeting to press for the payment of their outstanding debts.

A source from the GenCos, who was privy to the meeting, said: “Since the Federal Government has made $120 million payment to the gas suppliers as part of their debt, we are also meeting to ask the same government to settle us, the GenCos.”

Adelabu’s Special Adviser on Strategic Communications and Media Relations, Bolaji Tunji, confirmed the scheduled meeting with the TCN and DisCos.

 

Previous Post

Media Trial Plaguing Our Country – Justice Mary Odili

Next Post

Economic Diversification: Don Urges FG To Harness Potentials Of African Giant Rats

The Daily Crucible

The Daily Crucible

The Daily Crucible Newspaper is an authoritative and independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, peace, progress and greatness, given the heterogeneity of her citizens. We shall vigorously pursue this vision and anchor it on tripod of truth, justice and fairness. We shall feed the general public with robust information they need to make informed decision on issues and matters that affect them, promote human - capital development, freedom and free market enterprise. And our loyalty shall be to Nigeria and public interest, and shall respect ethnic, religious and political diversity without being partisan and sectional.

Related Posts

Business

It’s Illegal To Operate As Realtor, Agent, Real Estate Practitioner In Lagos Without Registration – State Govt

by The Daily Crucible
June 29, 2025
ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah
Business

ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

by The Daily Crucible
June 28, 2025
FG Gives N60B To Gombe For Agro-Livestock Industrial Zone
Business

FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

by The Daily Crucible
June 16, 2025
Pelican Valley CEO, Dabiri-Erewa To Poach Diaspora Investments From UK
Business

Pelican Valley CEO, Dabiri-Erewa To Poach Diaspora Investments From UK

by The Daily Crucible
June 14, 2025
Nigeria’s Foreign Trade Hits ₦36,025 Billion In Q1, ’25 As Oil, Non – Oil Exports Rise
Business

Nigeria’s Foreign Trade Hits ₦36,025 Billion In Q1, ’25 As Oil, Non – Oil Exports Rise

by The Daily Crucible
June 11, 2025
Next Post
Economic Diversification: Don Urges FG To Harness Potentials Of African Giant Rats

Economic Diversification: Don Urges FG To Harness Potentials Of African Giant Rats

Leave a Reply Cancel reply

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

Recommended

My Husband’s ‘Side Chick’ Used Juju On Him; Wife Of Nigerian Billionaire, Bola Ayeni Cries Out

My Husband’s ‘Side Chick’ Used Juju On Him; Wife Of Nigerian Billionaire, Bola Ayeni Cries Out

July 30, 2023
Nigeria:  2023 Polls Not Transparent, Trust In INEC Severely Damaged – EU

Nigeria: 2023 Polls Not Transparent, Trust In INEC Severely Damaged – EU

June 28, 2023

Categories

  • Business
  • Column
  • Education
  • Entertainment
  • Health
  • Interview
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Politics
  • Property
  • Sports
  • World

Don't miss it

Business

It’s Illegal To Operate As Realtor, Agent, Real Estate Practitioner In Lagos Without Registration – State Govt

June 29, 2025
Tinubu’s Chicago Certificate As Afó’kéèmù
Opinion

Tinubu’s Chicago Certificate As Afó’kéèmù

June 29, 2025
Presidential Aide Hid Yar’Adua’s Handover Letter To National Assembly – Jonathan
News

Presidential Aide Hid Yar’Adua’s Handover Letter To National Assembly – Jonathan

June 29, 2025
Tinubu Mourns As Business Icon, Aminu Dantata Passes Away At 94
News

Tinubu Mourns As Business Icon, Aminu Dantata Passes Away At 94

June 28, 2025
ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah
Business

ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

June 28, 2025
AI’s Threat To Journalism, Scholarship, And Self-Expression
Opinion

AI’s Threat To Journalism, Scholarship, And Self-Expression

June 28, 2025
The Daily Crucible

The Daily Crucible Newspaper is an authoritative and independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, peace, progress, and greatness, given the heterogeneity of its citizens.

© 2022 The Daily Crucible - Designed by CYBERWARRIOR.

No Result
View All Result
  • Home
  • News
  • Politics
  • Property
  • Business
  • Education
  • Health
  • Entertainment
  • About Us

© 2022 The Daily Crucible - Designed by CYBERWARRIOR.