• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, July 4, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NDPHC Plans Recovery Of N180bn Debt, Strengthen Operational Capacity

by Chika Izuora
10 months ago
in Business
NDPHC Plans Recovery Of N180bn Debt
Share on WhatsAppShare on FacebookShare on XTelegram

The Niger Delta Power Holding Company of Nigeria (NDPHC) is set to engage its debtors to recover about N180 billion debt even as constraints within the transmission and distribution system have left a major percentage of the company’s installed capacity still stranded.

Advertisement

According to industry information, debts being owed the company are now close to over N180 billion.

The NDPHC is the implementing entity for the Nigeria Independent Power Plants (NIPP), which commenced the design of 10 NIPP power plants in 2006 with eight already completed while two are yet to be commissioned.

The power plants have a design capacity of 5000 megawatts but with current installed capacity of 3,585 MW as at the end of 2023.

The new managing director and chief executive of the company, Jennifer Adighije, while on visit to the Nigerian Electricity Regulatory Commission (NERC), in what she described as a bid to foster a harmonious working relationship with the body, said the firm is highly indebted.

RELATED

ASO Savings Clears 10-yr Backlog Of Audited Accounts, Sustains Profitability Under New Mgt

ASO Savings Clears 10-yr Backlog Of Audited Accounts, Sustains Profitability Under New Mgt

5 hours ago
At LEADERSHIP Twitter Spaces: AMCON Creates Moral Hazard For Banking Industry – Analysts

AMCON Sells 60% Stake In Ibadan DisCo For N100bn

13 hours ago

Speaking at the event along with the management team, Adighije highlighted the plan of the Company to ensure that debts owed the organisation were recovered.

She said that the NDPHC has a team of forward-thinkers that was set to deploy all its energies to ensure that the NDPHC under the leadership of Vice President Kashim Shettima delivers on its mandate.

“And so we look forward to having and fostering a harmonious working relationship with the NERC. This is the first official working visit that we’ll be embarking on as a new management. And therefore, that demonstrates the priority and importance that we place on this relationship with the NERC, particularly for the role that you play in growing and fostering the Nigerian Electricity Supply Industry (NESI).

“As a new management, this is to familiarise and to have a handshake with the NERC. We’re a young team, very dynamic, forward thinkers, ready to deploy all our energy and expertise to push new frontiers in line with the guidelines and the directives of the NERC,” she stated.

With the deep knowledge of the industry, she stated that, the NERC leadership  was in a good position to be able to work with the company to ensure that the Nigerian people are better served.

“You have a deep understanding, not only do you understand, you have a deep understanding of the peculiarity and the prevalence of issues within the NDPHC and in the industry at large.

You do know that we have the largest generational capacity in the industry, but we’re made to bear some of the greatest burden in the industry, which has given our shareholders costs to worry about.

“On Thursday last week, we held our inaugural board meeting, which was chaired by our chairman, His Excellency, the Vice President, Senator Kashim Shetima. Our rising debt exposure, amongst other issues, were very key subjects of discussion.

“This compelled the chairman to give us a directive to begin to pursue debt recovery, amongst other issues, very aggressively, and report back on the progress made within two weeks. We do know that the success of our exercise, and generally the existence of the company, is subject to how we can cooperate and partner with the NERC.

 

“Therefore we appeal to you to use your kind office to expedite your internal processes to ensure that we deliver positive results back to the chairman of the board,” Adighije added.

 

She also requested that a technical working committee could be set up  to start to look at the issues that would come up with expediting the company’s reconciliations as soon as possible.

On his part, NERC chairman, Sanusi Garba, noted that although the NERC will not bend the rules for any of the organisations it regulates, it will support whatever will ensure that the government’s investment in the NDPHC is well deployed.

“I want to assure you that the commission will always provide every possible support, without bending the rules to make sure that the significant investment made by the three tiers of government in the NDPHC is actually brought to bear for the benefits of Nigerians.

“We do understand that the challenges are quite significant. There is probably a need for more focus on strategic direction for the organisation so that the little you have, it will  not spread too thin to a point where you do not deliver on anything,” Garba added.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: NDPHC
SendShareTweetShare
Previous Post

Nigeria Plans To Block Oil Smuggling Routes, Try Offenders

Next Post

Local Shipowners Lament As Foreign Counterparts Querry NIMASA Certificate

Chika Izuora

Chika Izuora

You May Like

ASO Savings Clears 10-yr Backlog Of Audited Accounts, Sustains Profitability Under New Mgt
Business

ASO Savings Clears 10-yr Backlog Of Audited Accounts, Sustains Profitability Under New Mgt

2025/07/04
At LEADERSHIP Twitter Spaces: AMCON Creates Moral Hazard For Banking Industry – Analysts
Business

AMCON Sells 60% Stake In Ibadan DisCo For N100bn

2025/07/04
NADF Unveils Digital Tool To Track N19.5bn Agri-support Project
Business

NADF Unveils Digital Tool To Track N19.5bn Agri-support Project

2025/07/04
Business

FG Begins Vehicle Recycling Enforcement October, Eyes N60bn Annually

2025/07/04
Zenith Bank Emerges Most Sustainable Bank
Business

Zenith Bank Ranked Nigeria’s Top Tier 1 Bank

2025/07/04
GTCO, 7 Others Post N1.3trn Pre-tax Profit In Q1
Business

GTCO Raises $105m In Share Sale, To List On London Exchange

2025/07/04
Leadership Conference advertisement

LATEST

‘Amaechi Has Spiritual Problem, I Risked My Life To Make Him Gov’, Wike Alleges

Wike Accuses Amaechi’s Wife Of Misappropriating N4bn NDDC Funds

Cultism: Police Arrest Suspected Killer Of Vigilantes, 15 Others In Edo

Kano Gov Makes Fresh Appointments 

UEFA Slams Fines On Chelsea, Aston Villa, Barca, Others For Breach Of FFP

Additional States, Police, Others Top South-West Constitution Review Hearing In Lagos

Stop Your Bitterness, Shettima Loyal, Not Desperate, Presidency Tells Datti

Gov Mbah Tasks Journalists On Truth, Editorial Courage In AI Age

Ex-PDP Reconciliation Committee Chair Joins ADC In Gombe

Election Outcomes: Yiaga Africa Backs New INEC Guidelines, Seeks Amendments

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.