Tuesday, June 30, 2026
  • About Us
  • Advertisement
  • Privacy Policy
The Daily Crucible
Advertisement
  • Home
  • News
  • Business
    Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

    Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

    Pelican Valley Estates Surge In Value As Tinubu Unveils Ogun Gateway Int’l Airport, Airline

    Pelican Valley Estates Surge In Value As Tinubu Unveils Ogun Gateway Int’l Airport, Airline

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    Nollywood Actor Joseph Momodu Joins US Army, Honors Late Father’s Legacy 

    Nollywood Actor Joseph Momodu Joins US Army, Honors Late Father’s Legacy 

    ‘We Don’t Know Where Our Baby Will Be Born’ — Mr Eazi Opens Up on Temi Otedola’s Pregnancy Journey

    ‘We Don’t Know Where Our Baby Will Be Born’ — Mr Eazi Opens Up on Temi Otedola’s Pregnancy Journey

    I Met Yul 3 Yrs After My Marriage Ended, Not While I Was Married — Judy Austin

    I Met Yul 3 Yrs After My Marriage Ended, Not While I Was Married — Judy Austin

    ‘I Remain the Greatest Love Story I’ve Ever Known,’ Says Denrele After Marrying Himself At 45

    ‘I Remain the Greatest Love Story I’ve Ever Known,’ Says Denrele After Marrying Himself At 45

    American Pop Superstar, Ariana Grande Blasts White House Over Use Of Her Song In ICE Video

    American Pop Superstar, Ariana Grande Blasts White House Over Use Of Her Song In ICE Video

    Curtains Fall For Nollywood Icon Kola Oyewo At 80

    Curtains Fall For Nollywood Icon Kola Oyewo At 80

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    England Survives Croatia Scare As Kane And Bellingham Inspire Thrilling 4-2 World Cup Win

    England Survives Croatia Scare As Kane And Bellingham Inspire Thrilling 4-2 World Cup Win

    World Cup Opening Ceremony Under Threat as Massive Protests Rock Mexico City Ahead of Kick – Off

    World Cup Opening Ceremony Under Threat as Massive Protests Rock Mexico City Ahead of Kick – Off

    Fernandes, Guedes Fire Portugal Past Chile In Tense Friendly Clash

    Fernandes, Guedes Fire Portugal Past Chile In Tense Friendly Clash

    Champions Arsenal Cruise Past Palace as Teen Star Makes History

    Champions Arsenal Cruise Past Palace as Teen Star Makes History

    End of an Era: David Alaba Set to Leave Real Madrid After Trophy-Laden Spell

    End of an Era: David Alaba Set to Leave Real Madrid After Trophy-Laden Spell

    Aston Villa Thrash Freiburg To Win Europa League As Emery Makes History

    Aston Villa Thrash Freiburg To Win Europa League As Emery Makes History

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
  • Home
  • News
  • Business
    Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

    Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

    Pelican Valley Estates Surge In Value As Tinubu Unveils Ogun Gateway Int’l Airport, Airline

    Pelican Valley Estates Surge In Value As Tinubu Unveils Ogun Gateway Int’l Airport, Airline

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    Nollywood Actor Joseph Momodu Joins US Army, Honors Late Father’s Legacy 

    Nollywood Actor Joseph Momodu Joins US Army, Honors Late Father’s Legacy 

    ‘We Don’t Know Where Our Baby Will Be Born’ — Mr Eazi Opens Up on Temi Otedola’s Pregnancy Journey

    ‘We Don’t Know Where Our Baby Will Be Born’ — Mr Eazi Opens Up on Temi Otedola’s Pregnancy Journey

    I Met Yul 3 Yrs After My Marriage Ended, Not While I Was Married — Judy Austin

    I Met Yul 3 Yrs After My Marriage Ended, Not While I Was Married — Judy Austin

    ‘I Remain the Greatest Love Story I’ve Ever Known,’ Says Denrele After Marrying Himself At 45

    ‘I Remain the Greatest Love Story I’ve Ever Known,’ Says Denrele After Marrying Himself At 45

    American Pop Superstar, Ariana Grande Blasts White House Over Use Of Her Song In ICE Video

    American Pop Superstar, Ariana Grande Blasts White House Over Use Of Her Song In ICE Video

    Curtains Fall For Nollywood Icon Kola Oyewo At 80

    Curtains Fall For Nollywood Icon Kola Oyewo At 80

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    England Survives Croatia Scare As Kane And Bellingham Inspire Thrilling 4-2 World Cup Win

    England Survives Croatia Scare As Kane And Bellingham Inspire Thrilling 4-2 World Cup Win

    World Cup Opening Ceremony Under Threat as Massive Protests Rock Mexico City Ahead of Kick – Off

    World Cup Opening Ceremony Under Threat as Massive Protests Rock Mexico City Ahead of Kick – Off

    Fernandes, Guedes Fire Portugal Past Chile In Tense Friendly Clash

    Fernandes, Guedes Fire Portugal Past Chile In Tense Friendly Clash

    Champions Arsenal Cruise Past Palace as Teen Star Makes History

    Champions Arsenal Cruise Past Palace as Teen Star Makes History

    End of an Era: David Alaba Set to Leave Real Madrid After Trophy-Laden Spell

    End of an Era: David Alaba Set to Leave Real Madrid After Trophy-Laden Spell

    Aston Villa Thrash Freiburg To Win Europa League As Emery Makes History

    Aston Villa Thrash Freiburg To Win Europa League As Emery Makes History

    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

Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

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.

 

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 independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, 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 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. Our loyalty shall be to Nigeria and public interest, and shall respect ethnic, religious and political diversity without being partisan and sectional.

Related Posts

Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth
Business

Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

by The Daily Crucible
June 28, 2026
Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut
Business

Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

by The Daily Crucible
June 13, 2026
Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO
Business

Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

by The Daily Crucible
May 21, 2026
FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase
Business

FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

by The Daily Crucible
April 22, 2026
Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC
Business

Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

by The Daily Crucible
April 22, 2026
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 *

No Result
View All Result

Advertisement

Advertisement

Recent News

Court Grants Sowore Fresh N200m Bail, Orders Traditional Ruler, FCT Property Owner As Sureties

Court Grants Sowore Fresh N200m Bail, Orders Traditional Ruler, FCT Property Owner As Sureties

June 30, 2026
Thousands Flee South Africa As Xenophobia Deadline Expires

Thousands Flee South Africa As Xenophobia Deadline Expires

June 30, 2026
Akara Row Won’t Stop Us, Remi Tinubu Defends Remarks, Extends Empowerment to Pepper, Boole, Vegetable Sellers

Akara Row Won’t Stop Us, Remi Tinubu Defends Remarks, Extends Empowerment to Pepper, Boole, Vegetable Sellers

June 30, 2026
‘I Went In With Two Kidneys, Came Out With One,’ Gombe Mother’s Painful Search for Answers After Caesarean Surgery

‘I Went In With Two Kidneys, Came Out With One,’ Gombe Mother’s Painful Search for Answers After Caesarean Surgery

June 30, 2026
Troops Rescue 10 Abducted NECO Candidates, Teachers In Borno ISWAP Attack

Troops Rescue 10 Abducted NECO Candidates, Teachers In Borno ISWAP Attack

June 29, 2026
Sheikh Bukhari, Adeyemo Urge Nigerians to Pray for God – Fearing Leaders, Peaceful 2027 Polls

Sheikh Bukhari, Adeyemo Urge Nigerians to Pray for God – Fearing Leaders, Peaceful 2027 Polls

June 29, 2026
Kemta Masterstroke: How Yayi Neutralised ‘Tekobo’ Narrative, Locked Down Egba Votes

Kemta Masterstroke: How Yayi Neutralised ‘Tekobo’ Narrative, Locked Down Egba Votes

June 29, 2026
Police Probe Kogi Teacher’s Death After Assault Over Pupil’s Discipline

Police Probe Kogi Teacher’s Death After Assault Over Pupil’s Discipline

June 29, 2026
When Egba Welcomed Her Son, Yayi

When Egba Welcomed Her Son, Yayi

June 28, 2026
Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

June 28, 2026
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.