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Peter Obi To Remove Non-Performing Investors Of DisCos If Elected
Labour Party presidential candidate, Peter Obi plans to remove non-performing investors of distribution companies (DisCos) if elected as president in 2023.
This is according to his campaign manifesto which was officially released on Sunday, December 4. In the manifesto, it was stated that if elected, the Obi administration will enforce the removal of investors who are not performing to the accepted standard.
Nairametrics had earlier reported that Peter Obi plans to reform the entire power sector value chain – generation, transmission, and distribution in order to maximize performance for the benefit of Nigerians.
Needed criteria for DisCo investors: According to the manifesto, DisCo investors will need to demonstrate the adequate capacity to improve their network, improve quality of service and customer satisfaction as well as demonstrate the adequate capacity to continue to operate their franchises satisfactorily, including investments in technology, human capacity, and customer offerings.
However, Peter Obi plans to offer support in the following power distribution areas.
Ending estimated billing: Peter Obi plans to put an end to estimated billing which is an untenable and opaque way to measure and sell energy to consumers.
The manifesto states that Obi will provide support to DisCos who give optimal performance, as well as ensure that the Nigerian Electricity Regulatory Commission (NERC) continues to ensure cost-reflective energy tariffs.
Metering: The Peter Obi manifesto promises to ensure the completion of the National Mass Metering Program (NMMP) and will require DisCos to replace all damaged and obsolete meters under the NMMP, in strict compliance with the Metering Code and other extant regulations by the end of 2023.
Tackling losses: Peter Obi will support DisCos with distribution and transmission bottlenecks by the end of 2023. This will help to cut technical and commercial losses to single digits across the Nigerian Electricity Supply Industry (NESI).
To understand why tackling commercial losses in the power distribution sub-sector, it is instructive to know that data from NERC says that the total energy received by all distribution companies (DisCos) in Q4/2021 was 7,912.05 gigawatts per hour (GW/h), while the total energy billed was 6,057.78GWh and billing efficiency was 76.56%.
What this means: A 70% billing efficiency means that for every N10.00 worth of electricity delivered to consumers by a DisCo over a given period, the DisCo is only able to issue bills to cover N7.00 worth of energy, with N3.00 worth of energy remaining unbilled, due to reasons ranging from energy theft, poor distribution infrastructure, and inadequate customer enumeration.
For the record: The NERC data stated further that DisCos are unable to identify who consumes all their energy due to poor customer enumeration and low metering.
The report stated that billing efficiency combines technical and commercial efficiencies.
Data from the National Bureau of Statistics (NBS) says that metered Nigerians as of Q2/2022 were 4,958,795.
-Nairametrics.
News
Boko Haram Demands $300,000 Ransom For Abducted Borno Ex-LG Chair, Another Victim
A new video has emerged showing two men reportedly kidnapped by Boko Haram insurgents in Borno State, pleading for assistance to secure their release.
One of the captives, former Biu Local Government Area Chairman Hassan Biu Miringa, revealed that their abductors are demanding a $300,000 ransom.
Miringa said he and another individual were taken in December 2025 and have remained in the custody of the militants.
In the video shared by Zagazola Makama, Miringa introduced himself, saying: “I am Hassan Biu Miringa, former Chairman of Biu Local Government from 2020 to 2022. Four years after my tenure, we were kidnapped by the soldiers of Khilafa about two weeks ago. Alhamdulillah, we are still alive, but we urgently need help to save our lives.”
He added that negotiations with the kidnappers had been underway, with some preliminary agreements reportedly reached.
“We have engaged them on four separate occasions and reached an understanding. We appeal to our leaders, especially Borno State Deputy Governor Alhaji Usman Umar Kadafur, the National Assembly representative for Biu, Kwaya, and Shani Hon. Betera Aliyu, as well as our community leaders, to temper justice with mercy and assist us. We are their children and have been working together,” Miringa said.
He confirmed the ransom demand, explaining that each captive is expected to pay $150,000, totaling $300,000 for their freedom, and pleaded for urgent intervention to reunite with their families.
The video highlights ongoing concerns over kidnappings and insecurity in southern Borno State, which have persisted despite government efforts to curb insurgent activity in the region.
News
How Rivers Women Spread Wrappers For Wike’s Motorcade During Port Harcourt Visit
The Minister of the Federal Capital Territory, FCT, Nyesom Wike, on Saturday visited Port Harcourt City Local Government as part of his “thank you” visit across Rivers State.
Upon his arrival, a group of women displayed a symbolic gesture of loyalty by spreading their wrappers on the ground for his motorcade.
The women and supporters of the Minister were in a jubilant mode as Wike drove on the wrappers.
Wike has been going around local governments in the state to appreciate them for their support while reeling out moves ahead of the 2027 general elections.
In the course of his visits, the Minister had fired several salvos at political actors in the state, warning that their sudden support for President Bola Tinubu won’t secure them any ticket in 2027.
Wike also renewed rivalry with Governor Sim Fubara over the leadership control of the political space in the state.
News
Impeachment Proceedings Against Fubara, Deputy Still Active – Rivers Assembly
The Rivers State House of Assembly has officially reaffirmed that the impeachment proceedings against Governor Siminalayi Fubara and his deputy, Prof. Ngozi Odu, are ongoing and have not been suspended.
The Assembly said the process is still ongoing and is being conducted strictly in line with constitutional provisions.
This was contained in a statement issued on Friday by the Chairman of the House Committee on Information, Petitions and Complaints, Hon. Enemi George.
According to the statement, the impeachment process, which began on Thursday, January 8, 2026, remains on course in line with the 1999 Constitution of the Federal Republic of Nigeria (as amended).
The lawmakers disclosed that separate notices of allegations bordering on gross misconduct have been served on both the governor and his deputy in line with Section 188 of the Constitution.
“The notices of allegations of gross misconduct against the Governor and the Deputy Governor have been duly forwarded to them by the Speaker of the House, Rt. Hon. Martins Amaewhule, and the House is awaiting their responses,” the statement said.
The Assembly maintained that it is constitutionally obligated to act in the interest of the rule of law and ensure that no public office holder acts outside legal boundaries.
Reacting to reports suggesting that the impeachment move had been halted, the House accused some individuals and media outlets of deliberately spreading misinformation to mislead the public and stir tension between the legislature and Rivers residents.
The lawmakers described such reports as false and insisted they would not succumb to intimidation, threats, or blackmail.
“We are aware of renewed attempts by certain persons and media platforms to misinform the public by claiming that the impeachment process has been discontinued. The public should disregard such falsehoods, as the process remains active,” the statement added.
The Assembly reaffirmed its commitment to democratic principles and constitutional responsibilities, stressing that it would not be distracted by what it termed “cheap propaganda.”
It also appreciated the people of Rivers State for their support and prayers amid the ongoing political developments and extended goodwill to Nigerians committed to the nation’s democratic journey.
JomogNews reports that during Thursday’s plenary session, presided over by the Speaker, the Majority Leader, Major Jack, formally read the notice of allegations of gross misconduct against Governor Fubara on the floor of the House.
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News2 days agoImpeachment Proceedings Against Fubara, Deputy Still Active – Rivers Assembly
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News15 hours agoBoko Haram Demands $300,000 Ransom For Abducted Borno Ex-LG Chair, Another Victim
