The Nigerian Electricity Regulatory Commission (NERC), said it has issued an order to transfer regulatory oversight of the electricity market in Akwa Ibom to its state owned Electricity Regulatory Commission.

This was obtained from the commission’s website on Wednesday in Abuja.

The commission said that the transfer was in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended).

”The NERC has issued an order to transfer regulatory oversight of the electricity market in Akwa Ibom from the Commission to the Akwa Ibom State Electricity Regulatory Commission (AKSERC),” it said.

It recalled that with the Electricity Act (EA), the commission retained the role as a central regulator with regulatory oversight on the inter-state/international generation, transmission, supply, trading and system operations.

”The EA also mandates any state that intends to establish and regulate intrastate electricity markets to deliver a formal notification of its processes and requests to  NERC to transfer regulatory authority over electricity operations in the state to the state regulator.

”The transfer Order by NERC has the following provisions: direct Port Harcourt Electricity Distribution Company (PHEDC) to incorporate a subsidiary (PHEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Akwa Ibom  from PHEDC.

”The company shall complete the incorporation of PHEDC SubCo within 60

The commission also said that the sub company should apply for and obtain a licence for the intrastate supply and distribution of electricity from AKSERC, among other directives.

It said that all transfers envisaged by the Order shall be completed by Feb. 17 2027. 

President Bola Tinubu has directed that liquid funds recovered by the Economic and Financial Crimes Commission (EFCC) be channeled to the Nigerian Education Loan Fund (NELFund).

The Minister of Education, Dr Tunji Alausa, disclosed this on Wednesday while briefing State House correspondents after the Federal Executive Council (FEC) meeting presided over by Tinubu in Abuja.

Alausa said the President also directed that unclaimed dividends from the Capital Market Trust Fund and Dormant Account Trust Fund be channeled to NELFund.

He, however, clarified that the directive applied only to liquid, unencumbered funds that were not subject to legal disputes or other restrictions.

“The President, in his benevolence, has now directed that all funds recovered by the Economic and Financial Crimes Commission be diverted to NELFund to continue to support its funding,” Alausa said.

He said the President had also directed the Ministers of Finance and Justice, the Debt Management Office and other relevant agencies to work with the Education Ministry on the legal and operational framework.

According to him, the Justice Minister, Lateef Fagbemi will review the laws establishing the two trust funds to determine how the unclaimed dividends can legally be transferred to NELFund.

He said the Attorney-General would also work with the EFCC Chairman to identify eligible liquid funds recovered by the commission for transfer to NELFund.

“Note, and the President was very clear, not seized properties, or recovered looted funds, but liquid funds, from the EFCC will now be transferred to NELFund,” the minister said.

Alausa said the decision would strengthen NELFund’s financial capacity as demand for student loans continued to grow, adding that more than 1.2 million Nigerian students had benefited from the scheme.

He said NELFund had also disbursed more than N93 billion in stipends to students in federal and state public institutions and over N250 billion in institutional fees.

The minister said the development demonstrated Tinubu’s commitment to fulfilling his campaign promise of expanding access to quality higher education through sustainable student-loan financing.

“The education of our children cannot wait, is of utmost importance to him, and he will do anything and everything to protect the future of every single Nigerian child, every single Nigerian student,” he said.

Alausa also disclosed that FEC approved the transformation of the Suleja Academy into the Nigeria Academy for the Gifted and Talented, to provide specialised support for exceptionally gifted Nigerian children.

He said the academy would operate autonomously, with its own governing structure and diversified funding sources, including government appropriation, endowment and donations.

“We need to do this because we have to look for every single genius in this country and bring them in, nurture them, and let them help create the Nigeria of tomorrow,” he said.

The minister said FEC also approved the augmentation of the existing contract for completion of the National Library of Nigeria, which had been abandoned for about 18 years.

He said construction of the library began in April 2006, with a projected two-year completion period, but work stopped in October 2008.

Alausa noted that funds had been sourced from the Tertiary Education Trust Fund (TETFund), while additional support had been mobilised from the First Lady, Oluremi Tinubu, to enable work to resume on the project.

He also disclosed that FEC approved the deployment of an entrepreneurship, innovation and business incubation certification programme in 14 federal universities.

According to him, the technology-driven programme will equip students with entrepreneurship, innovation, enterprise development and digital skills, alongside mentorship and incubation support.

He said the programme, which had been tested at the University of Lagos, was designed to transform students from job seekers into job creators and innovators.

The 14 universities include Ahmadu Bello University, Bayero University Kano, Nnamdi Azikiwe University, Obafemi Awolowo University, University of Abuja, and University of Benin.

Others are University of Ibadan, University of Ilorin, University of Jos, University of Lagos, University of Maiduguri, University of Nigeria Nsukka, University of Port Harcourt and Usmanu Danfodiyo University, Sokoto.

From Joseph Amedu, Lokoja

A Professor of History at the Federal University, Lokoja, Suberu Ochi Abdulrahaman, has raised the alarm over the prevailing political illegality bedeviling Nigeria insisting that leaders in the system should endeavor to obey the laws of the land and do the right thing that would move the nation forward.

Professor Abdulrahaman made the observation while delivering the 45th Inaugural Lecture Series of the University at its Felele Campus, in Lokoja, on Wednesday.

Professor Abdulrahaman in his Lecture titled, Persisting Illegalities in Nigeria’s Political Space: Who is to Blame? A Historical Discourse on Power, Institution and Democratic Governance, noted that political illegality which ranges from electoral fraud, arbitrary use of executive power for manipulation and intimidation to sponsorship of thuggery and violence in the system, amongst others, can only be overcome if leaders in governance work in accordance with the nation’s constitution.

According to the Inaugural lecturer “The resistance of political illegalities is neither accidental nor the responsibility of a single institution or generation.

“It is the cumulative product of colonial administrative legacies, prolonged military
authoritarianism, weak institutional development, political opportunism, inadequate civic engagement, and failures of ethical
Leadership.

“History teaches us that no nation develops sustainably when public institutions are weakened by impunity, when constitutional rules are subordinated to personal interests, or when political power is exercised without accountability.

“Equally, history reminds us that societies are capable of renewal when they choose to strengthen institutions rather than personalities, uphold the rule of law rather than arbitrary power, and promote justice above expediency.

“Accordingly, the challenge before Nigeria is not simply to conduct periodic elections or enact additional legislation.
The greater challenge is to cultivate a democratic culture in which constitutionalism becomes habitual, public office is regarded as a sacred trust, institutions command public confidence, and citizens
actively defend democratic values.

“Political leaders must recognise that authority derives its legitimacy not merely from electoral victory but from faithful obedience to the Constitution and unwavering commitment to the public good.

“Institutions must be empowered to function independently, impartially, and professionally.

” Citizens must reject every form of political illegality, whether manifested through vote buying, political
violence, corruption, or indifference to injustice”

The Vice Chancellor of the University, Professor Gbenga Solomon Ibileye in his welcome address, disclosed that his administration will continue to give Inaugural Lecture Series topmost priority as it offers opportunity for where the public is highly equipped with relevant knowledge on contemporary issues affecting the society.

He described Professor Suberu Abdulrahaman as an accomplished historian who has made his mark in his academic field.