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NERC and NESG Strengthen Ties to Boost Nigerian Electricity Supply Industry
“The Electricity Act 2023 lays the groundwork for significant improvements in the sector. However, its success depends on robust regulatory practices and active stakeholder engagement,” Dr. Aduloju explained.
By Danladi Muazu
In a bid to bolster ongoing reforms in the Nigerian power sector, the CEO of the Nigerian Economic Summit Group (NESG), Dr. Tayo Aduloju, has visited the Nigerian Electricity Regulatory Commission (NERC). This meeting marked a crucial step in integrating private sector perspectives into the policy and regulatory framework governing the Nigerian Electricity Supply Industry (NESI).
During the discussions, the leaders of NERC and NESG exchanged views on several critical issues, including the role of renewable energy in enhancing the nation’s energy security. Dr. Aduloju emphasized the importance of sustainable energy solutions, stating, “Renewables are not just an alternative; they are essential for ensuring long-term energy security in Nigeria. Our discussions with NERC highlighted the need to prioritize these sources.”
NERC Chairman, Prof. James Momoh, echoed these sentiments, underscoring the Commission’s commitment to incorporating renewable energy into the national grid. “The integration of renewable energy is a key component of our strategy to improve energy security and reliability. We are dedicated to creating a regulatory environment that supports this transition,” he said.
Another focal point of the meeting was the emerging challenges and opportunities presented by the Electricity Act 2023. Dr. Aduloju noted that this legislation opens new avenues for private sector involvement and innovation in the power sector. “The Electricity Act 2023 presents both challenges and opportunities. It is crucial for us to navigate these effectively to ensure sustainable development in the sector,” he remarked.
Prof. Momoh added that the Act provides a solid foundation for reform but requires careful implementation. “The Electricity Act 2023 lays the groundwork for significant improvements in the sector. However, its success depends on robust regulatory practices and active stakeholder engagement,” he explained.
Both parties agreed on the necessity of collaborative efforts to address the sustainability challenges in the power sector. They committed to working together on stakeholder management aspects of the reform. Dr. Aduloju highlighted this collaborative approach, saying, “Our partnership with NERC is vital for addressing the complex sustainability challenges we face. By working together, we can ensure a more stable and efficient power sector.”
Prof. Momoh concluded by reiterating NERC’s dedication to fostering such partnerships. “Collaboration with organizations like NESG is essential for the successful implementation of our regulatory initiatives. We are committed to continuous dialogue and cooperation to drive the sector forward,” he stated.
The meeting between NERC and NESG signifies a promising step towards a more integrated and sustainable Nigerian Electricity Supply Industry, aiming to harness both public and private sector strengths to achieve lasting reforms. GMTNewsng
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NNPP Defection to APC in Kano: 650 Members Cite Tinubu’s Leadership as Reason
NNPP Defection to APC – In a major political realignment, 650 members of the NNPP defected to the APC in Kano State, praising President Bola Tinubu’s leadership and the party’s commitment to fairness and inclusiveness.
October 31, 2025
The NNPP Defection to APC in Kano State has seen no fewer than 650 members of the New Nigeria Peoples Party (NNPP) joining the All Progressives Congress (APC) across Gobirawa Ward in Dala Local Government Area and parts of Fagge and Ungoggo LGAs.
The defectors, who came in groups under different leadership structures, were formally received by the Managing Director of the Hadejia-Jama’are River Basin Development Authority, Rabiu Bichi.
Bichi welcomed the new members, describing the NNPP Defection to APC as a clear sign of confidence in President Bola Tinubu’s leadership and the APC’s commitment to fairness, inclusiveness, and democratic dividends.
He highlighted the achievements of the Renewed Hope Agenda, including the students’ loan scheme, agricultural reforms, and youth and women empowerment initiatives, as key drivers of the NNPP Defection to APC movement.
Bichi added that his agency is working with the Bank of Agriculture to provide soft loans to farmers to boost food security and support rural livelihoods. He assured the defectors of equal rights and privileges with existing APC members, reaffirming the party’s dedication to fairness, equity, and national development.
Speaking on behalf of the defectors, Alhaji Ahmad Gobirawa said the NNPP Defection to APC was motivated by the visible progress made under President Tinubu’s administration in less than two years in office.
He stated that the move would further strengthen the APC’s support base in Kano and across northern Nigeria.
The event, which drew party stalwarts, community leaders, and youth groups, was hailed as a major political milestone for the APC in Kano, underscoring its renewed grassroots mobilization efforts across the state.
Political observers described the NNPP Defection to APC as a significant boost for the ruling party ahead of future elections, reflecting growing confidence in President Tinubu’s leadership and the APC’s governance record. Visit http://gmtnewsng.com for more news.
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NGX Group Declares N1 Interim Dividend to Reward Shareholders
The Nigerian Exchange Group (NGX Group) has announced a N1 interim dividend per share following the approval of its Q3 2025 unaudited financial results, reaffirming its commitment to shareholder value and growth.
October 31, 2025
The NGX Group Interim Dividend has been declared by the Nigerian Exchange Group Plc (NGX Group), rewarding shareholders with N1.00 per ordinary share of 50 kobo each.
The announcement follows the approval of the company’s unaudited financial statements for the third quarter ended September 30, 2025. According to a statement released on Thursday, the decision was ratified at the meeting of the company’s Board of Directors.
The NGX Group Interim Dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on Friday, November 7, 2025, while electronic payments will be processed on Tuesday, November 18, 2025.
The Group described the declaration as another milestone in its consistent dividend payment history, emphasizing its commitment to investor confidence and value creation.
According to the statement, the NGX Group Interim Dividend reflects the Board’s confidence in the company’s profitability, resilience, and long-term growth prospects.
Commenting on the dividend declaration, the Chairman of NGX Group, Dr. Umaru Kwairanga, stated:
“The declaration of this interim dividend reaffirms the Board’s confidence in NGX Group’s solid fundamentals and long-term growth outlook. We have maintained a consistent dividend track record that reflects our unwavering commitment to shareholder value. This payment recognizes our investors’ trust and underscores our focus on delivering sustainable returns through disciplined execution and strategic growth.”
Also speaking, the Group Managing Director of NGX Group, Temi Popoola, noted that the NGX Group Interim Dividend reflects strong financial discipline and prudent capital management.
“Our commitment to shareholders is at the heart of every strategic decision we make. This dividend demonstrates our financial strength, consistent profitability, and prudent capital allocation. As we advance our growth agenda, we will continue to unlock opportunities across our ecosystem, reinforcing NGX Group’s position as a trusted driver of capital market prosperity in Africa.”
The NGX Group Interim Dividend highlights the organization’s dedication to transparent governance, financial stability, and sustainable value creation for its investors. Visit http://gmtnewsng.com for more news.
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Chief of Army Staff Maj.-Gen. Waidi Shaibu Vows to Crush Terrorism and Insecurity
Chief of Army Staff, Maj.-Gen. Waidi Shaibu, has pledged to confront terrorism, strengthen national security, and enhance professionalism within the Nigerian Army after assuming office as the 25th Army Chief.
Date: October 30, 2025
The new Chief of Army Staff (COAS), Maj.-Gen. Waidi Shaibu, has vowed to confront terrorism and other security threats across the country head-on.
Shaibu made the declaration on Thursday in Abuja shortly after assuming command as the 25th Chief of Army Staff from his predecessor, Lt.-Gen. Olufemi Oluyede, who has been appointed the new Chief of Defence Staff.
The Chief of Army Staff pledged to make the Nigerian Army more agile, professional, and combat-ready to restore lasting peace and stability nationwide.
He acknowledged that the country was passing through challenging times but assured that under his leadership, the Chief of Army Staff’s office would respond decisively and effectively to all emerging threats.
“We are aware of the developing situations in parts of our dear country that have caused hardship, fear, and displacement among law-abiding citizens. These situations are unacceptable and will receive my urgent attention. I will carefully review ongoing operations and adopt strategies to mitigate and ultimately defeat the threats. I assure Mr. President and Nigerians that we shall not disappoint the nation,” Shaibu said.
Maj.-Gen. Shaibu also promised to build on the achievements recorded under Lt.-Gen. Oluyede, noting that the outgoing Chief of Army Staff had made remarkable progress in equipment procurement, infrastructure, and troops’ welfare.
He pledged to deepen the “soldier-first” philosophy introduced by his predecessor while promoting professionalism, discipline, and stronger synergy with other security agencies.
Earlier, the outgoing Chief of Army Staff, Lt.-Gen. Oluyede, expressed appreciation to President Bola Tinubu for the opportunity to serve, stating that the Army under his leadership made significant strides in both operations and administration.
Oluyede commended officers and soldiers for their loyalty, discipline, and courage, urging them to extend the same support and commitment to the new Chief of Army Staff.
“As I move to my next appointment, I urge you to give even greater loyalty and commitment to Maj.-Gen. Shaibu, who is a thoroughbred officer with exceptional experience,” Oluyede said.
He reaffirmed his confidence in the Nigerian Army’s capacity to safeguard the nation’s territorial integrity, stressing that the goal of a secure and united Nigeria remains a collective responsibility.
In his remarks, the Chief of Policy and Plans (Army), Maj.-Gen. Abdulsalami Ibrahim, lauded the outgoing Chief of Army Staff for prioritizing troops’ welfare and professionalism, noting that his tenure would remain a model of empathy and effective leadership. Visit http://gmtnewsng.com for more news.
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