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Economy

NDPHC Restores 450MW to National Grid in Major Recovery

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NDPHC

NDPHC power restoration sees 450MW added to national grid as Geregu NIPP plant returns to service after maintenance by Siemens Energy

The Niger Delta Power Holding Company on Monday restored 450 megawatts of generation capacity to Nigeria’s national grid following scheduled maintenance at the Geregu National Integrated Power Project plant in Kogi State.

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Also read: FG bans cash payments, orders POS terminals in MDAs

The four-week extended minor inspection, executed by Siemens Energy, aimed to improve the plant’s reliability, operating efficiency, and lifespan, the company said in a statement released by Emmanuel Ojor, Head of Corporate Communications and External Relations at NDPHC.

Managing Director and Chief Executive Officer, Jennifer Adighije, described the restoration as part of a wider effort to revive dormant assets across the company’s power fleet.

“The Niger Delta Power Holding Company has successfully restored an additional 450MW of generation capacity to the national grid following the completion of scheduled maintenance on the Geregu NIPP plant,” the statement said.

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“The intervention enhances operational reliability, performance, and efficiency, extending the plant’s Equivalent Operating Hours and operational life span.”

Adighije also revealed that six previously idle gas turbines at other NIPP plants have been restored within the past 12 months.

These include units at Calabar, Omotosho II, Benin, Sapele, and Alaoji plants, collectively contributing about 875MW to NDPHC’s mechanically available capacity.

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The company has also commenced restoration works at the 225MW Gbarain NIPP plant in Bayelsa State, which has been out of service since 2020.

The rehabilitation is intended to support NDPHC’s commercialisation plans and provide electricity to key industrial and commercial clusters in the Niger Delta.

Despite persistent challenges including gas supply shortages, grid instability, and liquidity pressures, NDPHC said it has achieved significant operational and financial milestones.

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These include recovering 110 containers of critical turbine parts abandoned at Onne Port, advancing the Light Up Nigeria Agbara industrial cluster project, developing a 10MW embedded solar plant in Kano, and completing transmission projects in Borno and Delta States.

Other achievements highlighted include securing over $10 million from legacy customers, $15 million in insurance claims for the Alaoji plant fire, and resolving commercial disputes with ACCUGAS, resulting in amended gas supply agreements reducing government exposure.

To strengthen accountability and staff welfare, NDPHC introduced a procurement benchmarking desk, computer-based performance testing, and a management support allowance to cushion the impact of fuel subsidy removal.

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Adighije reaffirmed NDPHC’s long-term commitment to restoring dormant capacity, stabilising operations, and supporting Nigeria’s goal of a reliable and sustainable electricity supply, emphasising transparency, accountability, and stakeholder engagement.

Also read: FG bans cash payments, orders POS terminals in MDAs

The recent restoration marks one of the most aggressive recovery drives undertaken by NDPHC since the inception of the National Integrated Power Project, created in 2005 to accelerate national power infrastructure development.

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Economy

NRS Assures Taxpayers VAT Remains at 7.5% Amid Tax Reform Concerns

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NRS

NRS VAT rate remains 7.5%, the agency says, while addressing concerns over bank deductions, loans and the implementation of Nigeria’s tax reforms

The Nigeria Revenue Service (NRS) has assured taxpayers that Nigeria’s standard Value Added Tax (VAT) rate remains 7.5 per cent, while addressing concerns over the implementation of the country’s new tax reforms.

Also read: Wike Celebrates Fintiri at 59, Hails Him as Loyal Friend

The assurance was given by the Tax Administrator responsible for Kano, Jigawa and Katsina states, Samaila Abdullahi, during an NRS stakeholders’ engagement and tax reform sensitisation programme in Kano.

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Abdullahi said concerns raised by individuals, traders, business owners and other stakeholders about the new tax laws were understandable, particularly questions relating to bank transactions, loans, family transfers, business income and the potential impact on small businesses.

He urged taxpayers to understand the reforms through the provisions of the law rather than rely on assumptions or misinformation.

According to him, the tax laws do not automatically authorise deductions from personal bank accounts.

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He stressed that tax collection and recovery must follow the applicable legal provisions and procedures.

Abdullahi also clarified that money received as a loan should not automatically be classified as business income or profit, explaining that proper documentation is essential to establish the nature of a transaction.

“For instance, when a trader receives a loan of N500,000, the amount should not automatically be treated as N500,000 in sales or profit, provided the transaction is properly documented,” he said.

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The NRS official’s comments were aimed at addressing public concerns about how the new tax framework would affect personal finances and business transactions.

He emphasised the importance of distinguishing between taxable business receipts and other funds, such as documented loans, when determining a taxpayer’s obligations.

The clarification comes amid heightened public interest in Nigeria’s tax reforms and questions about their implications for individuals, traders and small businesses.

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Also read: Wike Celebrates Fintiri at 59, Hails Him as Loyal Friend

The NRS urged taxpayers to rely on the provisions of the law and official explanations when assessing their obligations under the new framework.

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