Facebook Instagram Twitter Youtube
  • Home
  • News
    • National News
    • State News
  • Business
  • Features
    • Insight
    • Opinion
  • FAAC
  • Financial
    • Facts & Figures
    • Monetary
    • Tax Matters
  • Sidelines
  • Profile
  • Special Focus
Search
Wednesday, May 21, 2025
  • Home
  • About
  • Adverts
  • Contact
Facebook Instagram Twitter Youtube
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Economic Confidential
  • Home
  • News
    • AllNational NewsState News
      CBN Governor, Olayemi Cardoso

      CBN Wants more FX Earnings from Oil, Gas, Non-oil Sectors

      Wale Edun, the Minister of Finance Arabia

      Capital Market Key to Achieving $1trn Economy, Edun Says

      PETROAN Raises Concern Over Port Harcourt Refinery Delay

      Dangote Refinery nnpcl

      Dangote Explains Reduction in Fuel Price

  • Business
    • Dollar Against Naira

      Naira Holds Firm Against Dollar in Black Market

      Adebayo Adelabu

      DisCos Performance Disappointing, Remain Weakest Link in Power Sector – Adelabu

      Minister of Power, Chief Adebayo Adelabu

      Power: Minister Calls for Stricter Anti-vandalism Laws

      CBN

      Nigeria’s Gross External Reserves Hit $38.90bn in 2025 – CBN

      CBN Governor, Olayemi Cardoso

      CBN Retains Interest Rates at 27.5% to Cushion Food Inflation, Insecurity 

  • Features
    • AllInsightOpinion
      Jamila Umar Nagudu, Hadiza Aliyu Gabon, Rahama Sadau, Nafisat Abdullahi

      Kannywood Stars: The 8 Rising Queens of Hausa Cinema, By Habiba…

      Who’s Stealing Nigeria’s Subsidy Savings? by Umar Farouk Bala

      U.S. President, Donald Trump, Saudi Arabia’s Crown Prince, Mohammed bin Salman, Qatar’s Emir, Tamim bin Hamad Al Thani, UAE’s President, Mohammed bin Zayed Al Nahyan

      Trump’s Curious Attraction to the Arab-Muslim World, By Yassim Dukawuya

      Central Bank of Nigeria, CBN

      CBN’s NRBVN and the Road to $1bn, by Rahma Olamide Oladosu

  • FAAC
    • FAAC

      FAAC: FG, States, LGs Share N1.7tn in February

      Federal Account Allocation Committee FAAC

      FAAC: FG, States, LGs Shared N1.7trn in January

      FAAC

      N13.7trn Federation Account Revenue Unremitted by NNPCL – FAAC

      FAAC

      FAAC Revenue Declines by N303bn in December

      cbn

      Federation Account grew by 7.48% in Q3 2024

  • Financial
    • AllFacts & FiguresMonetaryTax Matters
      Naira Bundles

      FG Approves Two Million Households for Cash Transfer Program

      Nigerian Customs Service

      NCS Impounds Contraband Worth N1.5bn 

      MD of DBN, Mr Tony Okpanachi

      DBN Disburses Over N1trn to MSMEs

      TAX

      FIRS, RMAFC Form Committee to Enhance Tax Compliance 

  • Sidelines
    • Saliu Mustapha

      Visit Kwara: Saliu Mustapha Pens Foreward For New Book Spotlighting Kwara…

      Apple Data Breach: Marketing Strategy or Security Issue

      Dangote-BUA Sugar Scarcity Feud

      Google: Expanding 2-Step Verification Enrollment

      SAEMA Awards 2021: Submit Nominees for Security and Emergency Management Awards

  • Profile
    • Sambo Dasuki

      Polo, Politics, and the Dasuki Family

      The immediate-past Director in charge of Executive Secretary’s Office at the National Sugar Development Council (NSDC), Mallam Ahmed M. Waziri.

      Ahmed Musdafa Waziri: A Quintessential Civil Servant at 60, by Abdulrahman…

      PROFILE: Ten Things to Know About New CCB Chairman, Dr Abdullahi…

      CBN's Acting Director of Corporate Communications, Hakama Sidi Ali

      Hakama Sidi-Ali: The CBN’s First Female Spokesperson and Reputation Management

      Aisha Rimi

      PROFILE: Aisha Rimi, a Square Peg in NIPC’s Square Hole

  • Special Focus
    • Point of Sale Transaction (PoS)

      SPECIAL REPORT: Cash Crunch, Exorbitant POS Charges in the Face of…

      SPECIAL REPORT: Sickle Cell Awareness- A Public Health Imperative for Nigeria,…

      Governor Abba Yusuf of Kano, President Tinubu of Nigeria and Governor Sim Fubara of Rivers

      Shambolic Local Elections: Are Governors Setting ‘Standard’ for Tinubu’s 2027 Re-Election…

      Obamodi Oluwadamilola Faith

      Palliatives Distribution: A Culture FG Must Stop By Obamodi Oluwadamilola Faith

      health care sector

      EXCLUSIVE: How Health Ministry Scuttled Plot to Frustrate Multi-billion Naira Malaria…

Home Business Power: Minister Calls for Stricter Anti-vandalism Laws
  • Business

Power: Minister Calls for Stricter Anti-vandalism Laws

By
economic Confidential
-
May 21, 2025
Minister of Power, Chief Adebayo Adelabu
Minister of Power, Chief Adebayo Adelabu

Power: Minister Calls for Stricter Anti-vandalism Laws

Your browser does not support the video tag.

The Minister of Power, Chief Adebayo Adelabu, has called on the National Assembly to enact stricter legislation to safeguard the country’s power infrastructure from vandalism.

Adelabu made the call during a two-day retreat organised by the Senate Committee on Power.

According to the minister, vandalism should not be treated as a civil offence but a criminal issue, adding that power theft, nonpayment of bills by consumers, and illegal connections are critical factors that need to be tackled.

Adelabu acknowledged that in spite of the challenges, the grid has been stabilised.

“The level of stability on our grid today is not by accident but hard work and expenditure.”

In 2024, TCN installed 61 new transformers by either replacing aged ones or building new ones.

Also in 2025, within the first four months, TCN installed about 13 new transformers, and there are high-capacity transformers ranging from 10 megawatts to 300 megawatts. Put together, they run into hundreds of millions of dollars to install, and these are what our people still go out to vandalise.

“Our towers are toppled by saboteurs and vandals, we have illegal connections, and people tamper with meters,” he added.

Read Also:

  • Naira Holds Firm Against Dollar in Black Market
  • DisCos Performance Disappointing, Remain Weakest Link in Power Sector – Adelabu
  • Power: Minister Calls for Stricter Anti-vandalism Laws

The minister urged appropriate legislation and public vigilance to protect “national assets that belong to every Nigerian.”

“We need more stringent legislation to tackle this problem”, he said.

In a statement by his media aide, Bolaji Tunji, the minister also made a case for the Transmission Company of Nigeria (TCN) in appropriation, saying that the agency does not have enough money to fund its operations.

Adelabu spoke on the persistent crisis threatening to derail progress in the sector, which is chronic underinvestment in distribution infrastructure.

He revealed glaring disparities in distribution companies’ (DisCos’) performance, with aging networks, rampant electricity theft, and poor investment deepening reliance on unsustainable subsidies and leaving millions in darkness.

He noted that despite tariff adjustments that boosted market liquidity by 70 per cent—raising the sector’s revenue from N1 trillion in 2023 to N1.7 trillion in 2024—the distribution segment remains the weakest link.

“In the fourth quarter of 2024, DisCos in the North remitted just N124.4 billion (30 per cent) of their N408.86 billion invoice, with Abuja DisCo accounting for 85 per cent of northern payments.

“Southern DisCos fared slightly better, remitting N254.6 billion (67 per cent), though 70 per cent of this came from Lagos DisCos alone.

“These discrepancies are due largely to crumbling infrastructure outside economic hubs, where underinvestment has left networks dilapidated.”

spokesperson
PRNigeria.com
EconomicConfidential.com
PRNigeria.com/Hausa
EmergencyDigest.com
PoliticsDigest.ng
TechDigest.ng
HealthDigest.ng
SpokesPersonsdigest.com
TeensDigest.ng
ArewaAgenda.com
Hausa.ArewaAgenda.com
YAShuaib.com
  • TAGS
  • Adelabu
  • TCN
Previous articleNigeria’s Gross External Reserves Hit $38.90bn in 2025 – CBN
Next articleDisCos Performance Disappointing, Remain Weakest Link in Power Sector – Adelabu
<a Href="https://economicconfidential.com/byline/economic-confidential/" Rel="tag">economic Confidential</a>
economic Confidential

RELATED ARTICLESMORE FROM AUTHOR

Dollar Against Naira
Business

Naira Holds Firm Against Dollar in Black Market

Adebayo Adelabu
Business

DisCos Performance Disappointing, Remain Weakest Link in Power Sector – Adelabu

CBN
Business

Nigeria’s Gross External Reserves Hit $38.90bn in 2025 – CBN

CBN Governor, Olayemi Cardoso
Business

CBN Retains Interest Rates at 27.5% to Cushion Food Inflation, Insecurity 

Business

Investors Lead NGX Trading with N20bn Gain

President Bola Ahmed Tinubu Cop
Business

Nigeria’s Debt Crisis and the Moral Failure it Reveals, By Umar Farouk Bala

Recent Posts

  • Naira Holds Firm Against Dollar in Black Market
  • DisCos Performance Disappointing, Remain Weakest Link in Power Sector – Adelabu
  • Power: Minister Calls for Stricter Anti-vandalism Laws
  • Nigeria’s Gross External Reserves Hit $38.90bn in 2025 – CBN
  • CBN Retains Interest Rates at 27.5% to Cushion Food Inflation, Insecurity 

EDITOR PICKS

Dollar Against Naira

Naira Holds Firm Against Dollar in Black Market

Business May 21, 2025
Adebayo Adelabu

DisCos Performance Disappointing, Remain Weakest Link in Power Sector – Adelabu

Business May 21, 2025
CBN

Nigeria’s Gross External Reserves Hit $38.90bn in 2025 – CBN

Business May 21, 2025

POPULAR POSTS

Nigerian Maritime

FG Loses $1bn Annually In Maritime Sector

Monetary May 19, 2020

Ajaokuta Steel Company Gets N4.3bn for Revival

Business January 9, 2017
MTN Office

MTN Nigeria Opens Offer Of N100bn Commercial Paper Issuance

Business May 29, 2020

POPULAR CATEGORY

  • Business13212
  • Monetary3023
  • News2887
  • Featured Post2758
  • Financial2712
  • Editors Pick2173
  • National News1955
  • Opinion1688
  • Features859
ABOUT US
Economic Confidential is the Abuja based Nigerian News Magazine. Economic Confidential Magazine is Factual, Authoritative and Accessible.
Contact us: [email protected]
FOLLOW US
Facebook Instagram Twitter Youtube
© 2017 Economic Confidential . All Rights Reserved.
Latest News
Naira Holds Firm Against Dollar in Black MarketDisCos Performance Disappointing, Remain Weakest Link in Power Sector - AdelabuPower: Minister Calls for Stricter Anti-vandalism LawsNigeria’s Gross External Reserves Hit $38.90bn in 2025 - CBNCBN Retains Interest Rates at 27.5% to Cushion Food Inflation, Insecurity Investors Lead NGX Trading with N20bn GainNigeria's Debt Crisis and the Moral Failure it Reveals, By Umar Farouk BalaAIMAN Urges FG to Halt 50% Revenue Deductions Time Magazine Names Aliko Dangote Among 100 Philanthropists GloballyFG Moves to Sell 753-unit Housing Estate Recovered from EmefieleCBN Wants more FX Earnings from Oil, Gas, Non-oil SectorsNaira Gains ₦5.32 Against Dollar in Black MarketCBN Retains Monetary Rates at 27.5%Capital Market Key to Achieving $1trn Economy, Edun SaysPETROAN Raises Concern Over Port Harcourt Refinery Delay
X whatsapp