New supply can’t meet power demand: NGCP

ELECTRICITY demand growth outpaces new supply across major regions, possibly signaling a severe power shortage.

According to officials of the National Grid Corporation of the Philippines (NGCP), power supply across all grids are decreasing.

The Visayas experienced rotational brownouts in 2009. Since then, power demand has increased by up to 165 percent. However, power supply has only increased by up to 130 percent.

‘If you observe from 2019 towards 2026, the supply has become stagnant. As a result, demand growth has now outpaced supply…Visayas really lacks generation,’ said NGCP systems operations manager Erwin Bugawisan.

He said the most immediate solution to address the recurring red and yellow alerts in the Visayas is to restore all power plants in the region.

In Luzon, demand has increased by 118 percent since 2009, while capacity has only grown by 110 percent. ‘Supply is falling behind as well,’ he added.

As for Mindanao, because many new power plants came online after 2019, it is currently able to supply power to the Visayas. However, based on NGCP forecast, Bugawisan said Mindanao’s supply and demand might break even by 2028. ‘If that happens, it will no longer have any excess power to share with the Visayas,’ he said.

NGCP spokesperson Atty. Cynthia Alabanza said that the capacity increase from 2025 to 2026 is largely coming from solar plants or variable renewable energy, which only has a capacity factor of 17 percent based on 2025 data. ‘This means a 100-megawatt plant can only produce around 17 megawatts,’ she said.

On delayed transmission grid projects, Alabanza said the NGCP does not benefit from delaying project completion. ‘It is actually in our best interest to pursue the projects within the timeline. There’s no financial benefit. There is no regulatory benefit, nothing.

If you reduce it only to the engineering part, it can be done in four years. For example, the Mindanao-Visayas Interconnection Project (MVIP). If you strip away the rights-of-way, the permitting, etc….that would really have been done in four years.

NGCP has been given a lot of support, and we are thankful for that…but this is not a static requirement. As we continue to pursue, the problems continue to rise up. We will continue to pursue our projects, to finish within the timeline,’ added Alabanza.

Who cleans up when AI breaks?

Microsoft has spent years telling the world that artificial intelligence will remake work, medicine, and government. On a Monday morning at Asia Society, its president finally had to explain who’s supposed to clean up the mess if he’s wrong.

The Hon. Dr. Kevin Rudd AC – twice prime minister of Australia, now on his second tour as Asia Society’s president and CEO – opened with a joke about seniority. Asia Society: founded 1956. Microsoft: barely 50. Then the joke ended and the audit began. For the next hour, Rudd worked through Microsoft’s AI architecture layer by layer – infrastructure, models, data, apps – and at every layer asked some version of the same question: who’s accountable when this breaks?

Lulu C. Wang, Asia Society’s vice chair and global trustee, set the stakes before either man sat down, telling a room that included former president Josette Sheeran and trustee emerita Denise Tso that 75 years of institutional survival rests on one bet: conversation is worth having precisely when the stakes are highest and the outcome least certain.

Layer one: infrastructure. Data centers in more than 40 countries, originally built for video streaming and cloud storage, now repurposed to train frontier models. Layer two: the models – Microsoft’s own, plus OpenAI’s, Anthropic’s, and a fast-growing bench of Chinese competitors. Layer three, which Smith calls the ‘IQ layer’: your actual data – emails, docs, spreadsheets – the stuff that makes a model useful to you specifically, and has to be locked down exactly as hard as it gets used. Layer four: applications. Copilot. The thing most people think is AI, when really it’s just the visible tip.

It’s a clean org chart. It’s also a liability map with responsibility sliced four ways, so no single layer answers for the whole system. That got tested when Rudd pushed into the sharpest terrain of the morning: agents that, in Smith’s words, ‘break out, break in, cheat, lie’ – and what happens when a system starts improving itself faster than the company that built it, or any regulator watching it, can keep up.

Rudd asked for the highlight reel first. Smith wouldn’t play along with forecasting – ‘there’s no such thing as a crystal ball’ – and offered a spec sheet instead: wildfire cameras replacing watchtowers across California and the Australian bush; ambient AI that drafts a doctor’s notes during the appointment so the doctor can move to the next patient; radiology tools that catch lung cancer faster than a trained eye; a WhatsApp legal-translation tool built for Malawi, where roughly 700 lawyers cover the entire country and child marriage remains routine. All of it, he said, runs through an internal team called the AI for Good Lab, eight years old, working mostly with nonprofits.

The smallest example landed hardest: a self-built agent that runs every morning at 5 a.m. summarizing the 12 most important unanswered emails from the day before. He still prints it out. Asked where his own message would’ve ranked, he laughed: number three.

On safety, Smith reached for a hundred-year-old analogy. Around 1905, cars got fast enough to kill people at intersections. Nobody solved that by demanding car companies engineer the danger out of the vehicle – society built traffic lights and guardrails on the road instead. His argument: hyperscalers owe AI the same thing – monitoring agents, capping what they can spend so they don’t ‘burn up your AI bill without you knowing about it,’ building in kill switches at multiple levels – rather than dumping the entire safety job on the labs training the models.

Reasonable argument. Also convenient for a company that makes most of its AI money at the infrastructure layer, not the lab bench. Smith basically said as much, arguing Washington fixates on the handful of firms building frontier models and ignores everyone else in the pipeline.

On recursive self-improvement – a model training itself instead of being trained by people – Smith didn’t dodge it. ‘That makes most people pretty nervous,’ he said, calling for real rules on when it’s allowed and how a system heading off-course gets caught before it accelerates. He cited two data points: Anthropic opening its systems to third-party evaluators, and Accenture rolling out a business line built around human oversight of AI deployments. Watching the watchers, he said, is already becoming its own industry.

His best line came right after: nobody boards a plane without government inspection behind it, and nobody hesitates at a dairy case stocked with a dozen kinds of milk, because a shared health standard sits underneath every carton. ‘Do we really think,’ he asked, ‘that the most powerful technology on Earth is likely to be less regulated than a carton of milk?’

Before jobs, Rudd asked what parents in the room needed to hear. Smith opened with something close to an admission: the industry got ‘a little too exuberant’ about social media and phones in classrooms over the last 15 years, and the mental-health bill for kids came due. The response: a binding deal signed two weeks earlier with the American Federation of Teachers – 10 principles on safety, guardrails, privacy, and transparency to parents. The detail he kept circling back to: the tool finishes a task and stops, rather than keeping a kid glued to the screen instead of a teacher. It became legally binding across Microsoft’s school contracts on November 1, made public two hours after signing so competitors could be measured against it.

Rudd had his own gripe – as ‘an old-fashioned Australian country boy,’ he’s bothered every time a chatbot calls itself ‘I.’ An ‘I’ is a person, he argued, not software. Smith agreed: ‘AI is an it, not an I,’ while conceding the industry hasn’t settled the terminology fight at all.

Rudd’s toughest question was about employment, and Smith’s first pass – dignity in work, a New York Times piece on retirees who keep volunteering – didn’t satisfy him. Rudd brought up a panel in Deer Valley where he’d watched AI executives run ‘a thousand miles’ from the question of where the next decade’s jobs actually come from.

Smith’s answer was a story about horses. He argued the combustion engine helped cause the Great Depression: fewer horses meant less demand for oats and hay, farmers switched to cash crops, overproduction tanked prices, farmers defaulted, rural banks failed, and the collapse spread until the whole system cracked – a shock nobody saw coming because nobody was tracking the horse population. Rudd, who steered Australia through 2008 with no existing playbook, used it to name what the conversation was circling: structural adjustment, and what government owes the people caught inside it – tying it straight to populism on both the left and right.

Smith’s own proposals stayed deliberately half-formed: the roughly 1,100 community colleges already positioned to retrain workers, and a note that employer investment in job training climbed from 1980 to 2000, as PCs entered offices, then flattened. He floated rethinking payroll taxes – a tax on human labor at the exact moment AI makes that labor easier to replace – while stopping short of backing a tax on AI usage itself, calling it premature but not off the table.

Microsoft’s Community First Infrastructure Initiative, launched in January, is meant to smooth friction between data-center build-outs and the towns absorbing them. Smith named five original commitments – electricity, water, taxes, jobs, local investment – plus a sixth that’s surfaced only in the last six months: noise. His case study was Quincy, Washington, host to Microsoft data centers for 20 years: poverty cut in half, population outgrowing Seattle’s, the best public high school building in the state, a new police station, fire station, and aquatic center – and, he joked, the traffic-light count going from one to two. He predicted state and national rules will eventually lock in electricity-rate protections and water-use limits, calling that outcome, despite corporate instincts to resist regulation, the thing that actually buys public trust.

Rudd’s last question came with a grin: ‘It’s Washington. You’re Donald Trump. I’m Xi Jinping.’ Smith kept it modest – sustain the dialogue the two leaders opened in Beijing in May, add technical experts, agree on what counts as a frontier model, trade best practices. Longer term, he wants China and America’s traditional allies at the same table, not a deal struck bilaterally and left there.

Asia Society billed this as four topics, roughly equal weight: artificial intelligence, technology policy, cybersecurity, and geopolitics. What filled the hour leaned hard into topic one and mostly skipped the other three.

Cybersecurity never got specific – Rudd’s opening on agents ‘autonomously attacking infrastructure’ was as sharp a question as the morning produced, and Smith’s answer swerved back to governance and kill switches instead of the actual threat landscape. Technology policy in the normal sense – antitrust, chip export controls, the competition scrutiny Microsoft itself is under – wasn’t mentioned once. Geopolitics showed up only in the last sixty seconds, as a joke instead of a real conversation about Taiwan or chip supply chains. Human rights, digital safety beyond schoolkids, and immigration – all listed under Smith’s own portfolio in his official bio – didn’t come up at all.

None of that makes the hour a bust. What actually happened – on jobs, structural adjustment, and the small-town politics of hosting a data center – went deeper than the flyer promised. What was advertised mostly waited for a session that never showed.

What earned the sold-out sign wasn’t a single headline-grabbing line. It was watching two guys pull in different directions and land somewhere in the middle – Rudd pushing toward the bigger structural and geopolitical stakes, Smith pulling it back to what Microsoft is already doing about them. Seventy-five years into a bet that conversation still matters, this one didn’t settle who’s accountable for the machine. It made clear the people closest to answering that question are still figuring out the vocabulary – one small town, one vanished horse population at a time.

A version of this question was on my own list had the floor opened to the audience: why not turn the tool loose on its own mess – ask the AI itself to model which jobs its disruption creates, and route displaced workers toward them, rather than leaving that mapping to policy debates that move at legislative speed? There was no QandA session at this event, so it went unasked. But it’s worth sitting with, because it exposes the soft spot in Smith’s own framework. He described a system capable of drafting doctors’ notes, screening radiology scans, and translating legal rights into WhatsApp messages for women in Malawi – plainly capable, in other words, of pattern-matching at scale. Turning that same capability on the labor market itself, forecasting where the ‘new jobs’ he kept promising will actually materialize, was never proposed by either man on stage. Whether that’s an oversight or a tell – a company more comfortable describing AI’s power in the abstract than pointing it directly at its own economic fallout – is exactly the kind of question a live QandA exists to press. This one never got the chance.

NDC: Seriake Dickson warns support groups against competing with party

The National Leader of the Nigeria Democratic Congress (NDC), Senator Seriake Dickson, has cautioned political support groups affiliated with the party against attempting to operate as parallel structures or compete with the party for control.

Dickson spoke while receiving former Secretary to the Government of the Federation (SGF), Babachir Lawal, into the NDC.

The former Bayelsa State governor said support groups had an important role to play in mobilising voters and promoting the party’s candidates but should not assume the functions of a political party.

He said, ‘Support groups don’t compete with the political party that is sponsoring candidates. Support groups don’t compete for supremacy, for space. Support groups are what they are, support groups.’

According to him, support groups do not sponsor candidates and should work with the political party and its campaign structures to mobilise support at the grassroots.

‘Support groups don’t play the role of a political party. They don’t sponsor candidates. They provide grassroots support, mobilisation, and support. They don’t convert themselves to become critics of the political party sponsored,’ he said.

Dickson maintained that the NDC recognised the importance of support groups and had made provisions within its structure for their coordination.

‘The NDC from day one made it clear that we have a huge place, an important place for all support groups. I’ve actually held meetings with Obidient groups,’ he said.

He urged the various support groups associated with the party to focus on mobilising voters and propagating the programmes and candidates of the NDC ahead of the 2027 general elections.

According to him, the party’s support groups would have a role in linking campaign teams with grassroots structures once the campaign structures are established.

‘They have a role for them to play, but they have to confine themselves to their role,’ Dickson said.

The NDC leader further argued that the existence of several support groups was not a problem, stressing that the groups could complement the party’s structures rather than compete with them.

‘Our advice to support groups is that the more they are, the merrier. You have a role for you to play, and your work is huge,’ he said.

He urged the groups to concentrate on ‘providing support for our candidates, galvanising support at the grassroots level, propagating the candidates and the party.’

Dickson’s comments come amid continuing efforts by the NDC to coordinate the different political support bases associated with its presidential and vice-presidential candidates, Peter Obi and Rabiu Kwankwaso.

The NDC leader had previously said the Obidient and Kwankwasiyya groups could maintain their identities but should work towards the party’s electoral objectives.

He said the party remained open to working with the different support organisations while insisting that their activities should complement, rather than substitute for, the formal structures of the NDC.

Quezon earns No. 1 spot in South division quarterfinals

Quezon defeated Rizal, 90-74, on Monday to top the elimination phase of the SportsPlus Maharlika Pilipinas Basketball League at the Bulacan Capitol Gymnasium in Malolos.

The Huskers improved their record to 21-4, the same as Binan Tatak Gel, but emerged as the No. 1 team in the quarterfinals because of their 66-59 victory in their April 21 encounter.

Judel Fuentes and Jason Opiso led Quezon with 14 points each, Cholo Anonuevo added 13, while Christian Pagaran scored 11.

Rizal ends up as the No. 6 team at 16-9.

JP Maguliano scored 20 and Philip Manalang added 12 for the Coolers.

General Santos City beat Bulacan, 102-82, to match Cebu and Batangas at 19-6.

After the tiebreaker, Cebu ended up in third and Batangas City in fourth, owing to its 76-73 victory over Gensan on Sept. 18.

RJ Minerva paced Gensan with 17 points, while Hesed Gabo scored 14.

LPGT stars brace for tough test as Kenda Open gets underway

The Ladies Philippine Golf Tour’s top guns look to take center stage at Taichung International Golf Club as the Kenda Tires TLPGA Open gets underway on Wednesday, facing a strong cast of Taiwan LPGA Tour stars.

The 54-hole championship offering a prize pot of NT$4 million (around P7.9 million) marks another significant step in the LPGT’s growing presence on the international circuit, this being a co-sanctioned tournament with TLPGA, with 20 LPGT players set to challenge the hosts and other foreign contenders at the Taichung International Golf Club.

With the tournament moving to Taichung for the first time after previous TLPGA-LPGT co-sanctioned stops in other Taiwan cities, the LPGT delegation sees an opportunity to make an early impact and perhaps produce another overseas victory.

Leading the Philippine charge is two-leg LPGT winner Yvon Bisera, who starts with Taiwan standouts Ling Jie Chen and Chieh Ning Hung on No. 10.

Bisera, who captured the Thailand Ladies Masters last year for her first international title, believes the course’s combination of narrow fairways, uneven lies and undulating greens will reward precision more than power.

‘It’s so hot, just like in the Philippines,’ said Bisera, who played the course for the second time during Tuesday’s pro-am. ‘The course has a combination of hilly and flat features. Uneven lies, but the trickiest part is really the greens.’

The East and Center nines of the 27-hole layout will be used for the championship, with the sloping terrain and several narrow fairways putting premium on accurate driving and well-placed approaches.

Bisera found the greens particularly demanding but saw some encouragement in the relatively open layout. She also stressed the importance of finding the fairway, especially on the dogleg holes where a good drive can dramatically shorten the approach.

‘When you hit your tee shot perfectly, you’ll have a good chance to attack, especially on the dogleg holes,’ said Bisera.

She knows, however, that good ball-striking alone will not be enough. With temperatures expected to remain high throughout the week, endurance and proper hydration could become just as important as putting together three solid rounds.

‘I would do my best and give my all for this tournament,’ said Bisera, who will be hoping to add another international title to her growing résumé.

Fellow ICTSI-backed ace Mafy Singson likewise expects a demanding battle, starting with Chun Wei Wu and I-Wen Chen on the front nine.

Singson described the layout as relatively flat but said the small, heavily undulating greens could provide the biggest challenge.

‘The course is relatively flat, but the greens are a little hilly, very undulating and small,’ said Singson.

That makes approach shots and recovery play especially important, with players forced to think carefully about where to attack and where to miss.

‘I wouldn’t say it’s that difficult, but I wouldn’t say it’s that easy either,’ Singson said. ‘The greens are pretty tricky, and I think the approach shots will also be important.’

‘We’d have to do well around the greens and know where to miss.’

Singson also cautioned against wayward drives, with the thick rough likely to make recovery difficult.

‘The long game is important, of course-putting our drives in the fairway and not missing them because the rough is pretty thick,’ she said. ‘So it’s the long game, approach shots and mostly the short game.’

Like Bisera, Singson is keeping her focus on execution rather than expectations.

‘I hope to do well. Everyone wants to do well this week,’ she said. ‘I just plan to do my best and hopefully finish well.’

Princess Superal provides another major threat from the LPGT side, with the 2022 Asia-Pacific Cup champion opening against Thai ace Nook Sukapan and local standout Jo Hua Hung at on No. 1.

The contingent also includes Korean LPGT mainstays Jiwon Lee, Kim Seoyun and Eunhua Nam, each capable of making a strong run, while amateurs Isabella Tabanas and twins Mona and Lisa Sarines add youth and unpredictability to the Philippine side.

Also gunning for the title are Marvi Monsalve, Sarah Ababa, Harmie Constantino, Kayla Nocum, Lois Kaye Go, Chihiro Ikeda, Velinda Castil, Kristine Fleetwood, Rev Alcantara, Monica Mandario and Gretchen Villacencio.

KCCA left in the dark over Museveni’s directive to vacate Buyala landfill

The Kampala Capital City Authority (KCCA) has not received any official communication directing it to halt waste disposal at the Buyala landfill in Mpigi District, despite safety concerns raised by President Yoweri Museveni over the site’s proximity to a newly launched oil terminal, top city official has said.

Kampala Deputy Lord Mayor Faridah Nakabugo on Tuesday confirmed that the authority will continue transporting waste to Buyala until the central government presents a clear, sustainable alternative.

‘Buyala landfill has not been in existence for even three years as a dumping site and it is not that it has reached full capacity. If the government is prioritising the oil sector over the sanitation of the people, then it needs to secure a new place,’ Ms Nakabugo said.

She noted that KCCA lacks the financial resources to acquire another location after sinking substantial public funds into purchasing and preparing the Buyala site for waste management following the tragic collapse of the Kiteezi landfill.

‘As KCCA, we don’t have a budget to purchase a new place because we had just organised that landfill and seen that it can be modified to add value to the rubbish so that we don’t get another Kiteezi,’ she said.

Ms Nakabugo emphasised that the city’s ongoing waste crisis leaves KCCA with little choice but to use the Mpigi facility.

‘Kampala’s biggest problem is still the garbage crisis all over the place. Until we get that resolution plan from the government, we shall keep taking rubbish there because a lot of taxpayers’ money was used to secure that land,’ she added, reiterating that no formal proposals or directives have been issued to the political leadership.

Her remarks follow growing friction between the city’s waste management plans and national infrastructure projects. Last week, President Museveni flagged off the construction of the 320-million-litre Kampala Storage Terminal-a project meant to boost Uganda’s national fuel storage capacity to 360 million litres-while questioning the wisdom of having an open dumpsite situated close to the high-value energy installation.

Speaking in a separate interview, KCCA Deputy Executive Director Benon Moses Kigenyi acknowledged the environmental and safety risks involved, noting that measures are already being taken to mitigate hazards at the site.

He explained that technical teams are applying layers of murram and compacting the waste to manage decomposition heat, reduce environmental impacts, and maximize space. However, Mr Kigenyi conceded that the status quo is unsustainable given the site’s proximity to the fuel infrastructure.

‘We cannot continue the way we have been doing things. It is dangerous to be near the oil terminal facility,’ Mr Kigenyi said.

To address the threat, Mr Kigenyi revealed that KCCA has initiated a procurement process to transition from traditional dumping to a modern, waste-to-value processing facility.

‘We are looking at waste-to-value,’ he said, explaining that the authority is evaluating developers with technologies capable of converting refuse into usable products such as organic manure, recycled plastics, and paper.

According to Mr Kigenyi, the proposed modern facility-which would be the first of its kind in the Greater Kampala Metropolitan Area-is projected to be fully operational within two years on the same land in Buyala.

‘In about two years, we are sure that we’ll have not a landfill, not a dumpsite, but a waste-management facility, which can live side by side with the terminal,’ he confirmed.

KCCA acquired the 230-acre property in Buyala, Mpigi District, on February 14, 2025, at a rate of approximately Shs 70 million per acre, totaling nearly Shs 16 billion. The acquisition was executed as an emergency intervention to handle the capital’s daily waste burden following the catastrophic failure of the Kiteezi landfill.

Until the planned conversion technology is procured and installed, Mr Kigenyi affirmed that garbage from Kampala will continue to be deposited at Buyala.

DOE sees fuel price rollback next week

THE Department of Energy (DOE) believes that the decline in world market oil prices will be sustained through Friday, paving the way for a price rollback next week.

‘In the past three trading days, the decline was almost $17 for diesel. This Monday, our estimate is around P8 per liter rollback if this will continue up to Friday,’ said Director Rino Abad of the DOE’s Oil Management Bureau during an online news briefing.

Oil companies raised pump prices this week by P4.88 per liter for gasoline, P8.82 per liter for diesel, and P6.47 per liter for kerosene. Oil companies adust their prices weekly to reflect movements in the world oil market.

Abad said based on the latest report monitored by the DOE, Saudi Arabia is now loading 14 million barrels of crude oil ready for export back through the Strait of Hormuz. ‘It sends the message that they will continue to supply their buyers. That will really drastically change the price trend; instead of going up, it’s going down. We just hope that more will be added,’ Abad said.

Energy Secretary Sharon Garin, meanwhile, reiterated that the Philippines cannot control global fuel prices because the country is an importer, and the ongoing conflict in the Middle East suggests the situation will not be resolved immediately.

Garin said that while the country must remain pragmatic but optimistic, Filipinos are urged to be mindful and control their fuel and electricity consumption.

The DOE said it is implementing various programs, and the nation currently holds a stable national average supply of approximately 53 days of inventory, which is well above the legally required 15 to 30 days.

‘You might ask, ‘How long will this continue?’ We cannot dictate what will happen. While all this is unfolding, the Philippines has no control over the global market, as we are an importer. I certainly do not wish to constantly deliver bad news.

‘We simply need to remain optimistic about the situation, yet proceed with caution; we must be pragmatic while maintaining optimism. We hope and pray for this to end, but we must be prepared. Given the developments in the Middle East, it is likely that this will not be resolved immediately. We cannot control prices, but we can control how we use fuel and electricity,’ Garin said.

45 officials held over alleged cattle restocking funds theft in Kole

Police in Kole District are holding 45 civil servants and local councillors over alleged mismanagement and diversion of funds meant for the government cattle restocking programme.

The suspects, including area councillors, parish chiefs and sub-county chiefs, were arrested in a joint operation on Monday, September 21, 2026.

Samuel Odongo, the Assistant Resident District Commissioner (RDC) for Kole, confirmed the arrests, saying the officials allegedly diverted Shs5 million each meant for vulnerable beneficiaries and instead paid the money to themselves, relatives and friends.

‘These are people who were entrusted to help the vulnerable benefit from the cattle restocking fund, but they instead shared the money amongst themselves. We have handed them over to police for thorough investigation,’ he said.

Mr Odongo said some of the suspects pleaded guilty and refunded the money, while others remained in custody pending repayment.

‘They were 47 in number but some refunded the money. There are about seven area councillors who were also involved and some GISOs are also among them,’ he said in a telephone interview on Monday.

The cattle restocking programme is a government initiative aimed at supporting households, particularly in Lango, Acholi and Teso, that lost livestock during past insurgencies to acquire cattle as compensation for the losses.

In the 2025/26 financial year, the government allocated more than Shs80 billion for the first phase of the programme. Beneficiaries were to be selected by parish chiefs and parish leaders, with the involvement of GISOs, sub-county chiefs and political leaders.

Under the programme guidelines, each parish was expected to select nine vulnerable households, with each household receiving Shs5 million.

Preliminary investigations indicate that some of the officials allegedly connived to select themselves, their relatives and friends as beneficiaries at the expense of vulnerable households.

North Kyoga Regional Police spokesperson confirmed receiving information about the arrests but said a formal report had not yet reached his desk.

‘I have not yet received a formal report but I heard in a meeting that some arrest in relation to restocking money was done today in Kole District,’ he said.

The arrests have been welcomed by residents who have complained about alleged corruption in the programme.

‘We applaud the RDC’s office. Let this be a lesson to others who think government money is theirs to eat,’ Richard Ongom, a resident of Lwala in Ayer Sub-county, said.

George Okwir, a resident of Alito Sub-county, called for the operation to be extended to other areas, alleging that some beneficiaries received less than the amount allocated to them.

‘I want the RDC to come here in Alito Sub-county, there are some elderly people who were given only Shs1 million after using their National IDs to process the money,’ he said.

Police investigations into the alleged diversion of the cattle restocking funds are ongoing.

Nigeria’s financial inclusion reaches 79% as EFInA releases A2F 2026 survey

Enhancing Financial Inclusion and Advancement (EFInA) has released the findings of its ninth Access to Financial Services in Nigeria (A2F) Survey, showing that 79 per cent of Nigerian adults, representing approximately 94.2 million people, now use a financial product or service.

The findings, released on Wednesday, September 16, 2026, also showed that formal financial inclusion had reached 73 per cent, or roughly 87.2 million adults, exceeding the 70 per cent target set under the National Financial Inclusion Strategy.

The findings were presented under the theme, ‘Access. Opportunity. Growth: Advancing Financial and Economic Inclusion for All Nigerians,’ before senior government officials, regulators, financial service providers, development partners and civil society organisations.

The programme opened with pre-event breakout sessions focused on women’s economic and financial inclusion, agricultural livelihoods and financial resilience. The sessions were convened with the World Bank Global Environment Facility Small Grants Program (GEF SGP), Deutsche Gesellschaft fr Internationale Zusammenarbeit (GIZ), and Innovations for Poverty Action (IPA), respectively.

Opening the main plenary, Dr Agnes Olatokunbo Martins, Board Chair, EFInA, said the theme captured both the progress made and the ambition that should guide the next phase of Nigeria’s financial inclusion journey.

She described the value of the survey as its ability to show what administrative data cannot, explaining that while administrative data can provide information on accounts, transactions, infrastructure and providers, the A2F survey provides insight into the people behind those numbers.

Martins cautioned against designing policies around a national average, noting that financial needs and experiences differ by income, gender, geography, age and economic activity.

In a keynote address delivered on behalf of Mr Olayemi Cardoso, Governor of the Central Bank of Nigeria, Dr Aisha A. Isa-Olatinwo, Director, Consumer Protection and Financial Inclusion, CBN, said the evidence produced by the survey was indispensable to policy design, market development, consumer protection and the effective targeting of reforms.

The address highlighted a shift in what the sector should now be working towards.

‘The policy challenge before us is therefore no longer simply to open accounts or expand access points,’ the Governor said. ‘It is to ensure meaningful usage, affordability, reliability, safety, trust and measurable improvement in financial health.’

Delivering a goodwill message, Ms Omolola Oloworaran, Director-General of the National Pension Commission, welcomed the increase in pension participation from eight per cent of adults in 2023 to 9.1 per cent, while pointing to the scale of what remains to be done.

‘Roughly nine out of every ten Nigerians are not covered for the day they can no longer work,’ she said.

Oloworaran invited EFInA to work with the commission on a dedicated pension inclusion model, arguing that opening an account is not, by itself, pension inclusion because an account that is open but never funded will not provide dignity in retirement.

Ahead of the release of the data, HH Sanusi Muhammadu Sanusi II CON, Emir of Kano and former Governor of the Central Bank of Nigeria, reflected on the 18 years since Nigeria’s financial inclusion agenda began during a fireside chat anchored by Prof. Olayinka David-West, Dean and Professor of Information Systems, Lagos Business School.

Opening the conversation, Prof. David-West observed that bank access stood at only 21 per cent in 2008, while exclusion now stands at 21 per cent, describing the shift as an inversion of the pyramid.

His Highness welcomed the continuity of financial inclusion as a policy priority across successive administrations and pointed to the Bank Verification Number (BVN) as evidence of what durable infrastructure makes possible.

On protecting households, he identified price stability as the foundation.

‘There is no enemy to savings, no enemy to wealth, that is bigger than inflation,’ he said, urging the Central Bank to remain focused on price stability and resist pressure to ease before inflation reaches a tolerable level.

The fireside chat was followed by the unveiling of the A2F 2026 Survey Report and presentation of the key findings by Foyinsolami Akinjayeju, CEO, EFInA.

The findings showed that digital financial services had reached 64.4 per cent of adults, up from 45 per cent in 2023 and 34 per cent in 2020.

The rise represents the largest movement recorded in the latest survey, with digital use also tracking closely with better financial outcomes. The survey found that 33 per cent of digital users were financially healthy, compared with 9.1 per cent of non-users.

On financial health, Akinjayeju noted that ‘three out of four Nigerians are not financially healthy,’ adding that access was increasing while financial health was not catching up at the same pace.

She called for national targets to measure impact alongside access and use of financial services.

Commenting on the findings, Dr Oluwatomi Eromosele, Research Lead, EFInA, said the next phase of financial inclusion should focus on precision, conversion and outcomes.

‘The message from A2F 2026 is clear: Nigeria’s financial inclusion challenge has changed. The next phase must be about precision: reaching the people and places where gaps remain; conversion: turning existing financial relationships into pathways to credit, protection, investment and financial security; and outcomes: ensuring that inclusion ultimately strengthens people’s resilience and economic opportunity. We now have the evidence; the priority is to use it to focus action where it can make the greatest difference,’ Eromosele said.

In a closing remark, Amb. Nimi Akinkugbe, Member, EFInA, said the real measure of the survey would not be the quality of the data unveiled but what changes as a result of it.

She asked where resources would be directed, which interventions would be scaled and what stakeholders would be able to say had changed in the lives of Nigerians by the time they next met.

Akinkugbe also drew attention to the gender findings across the zones, noting that formal inclusion gaps between men and women were often modest, while inclusion was not translating into financial health and resilience at the same rate, with the gaps widest in the north.

‘The challenge is not simply bringing more women into the system, but making sure that participation actually results in improved economic lives,’ she said.

For more targeted supply-side discussions, the A2F 2026 Industry Engagement is scheduled to hold on September 25, 2026, in Lagos for financial service providers, fintechs, insurers and investors.

Stakeholders mount pressure on FG to reactivate moribund refineries

As petrol prices are approaching N1,500 per litre in parts of Nigeria, thereby putting pressure on commuters and transport operators, the Federal Government has been urged to reactivate its refineries to increase domestic supply and help moderate pump prices.

The energy experts, while justifying the call, said the impact of high petrol costs goes beyond the filling station, as increased fuel expenses are passed through the transport system to commuters.

A former chairman of Major Energies Marketers Association of Nigeria (MEMAN), Adetunji Oyebanji, while speaking with the Nigerian Tribune, argued that bringing the government-owned refineries back into operation would expand Nigeria’s refining capacity and create greater competition in the downstream petroleum market.

According to him, the country needs several functional refineries competing for customers, rather than relying on a limited number of major suppliers.

He identified the Dangote, BUA and government-owned refineries as examples of facilities that could contribute to a more competitive refining market if operating at substantial capacity.

Oyebanji said that competition among refiners could help moderate petrol prices, although it would not necessarily make the product cheap.

‘If it’s only one person now, he can say, ‘I will sell at N1.500.’ But if there are three or four big refineries, one may say, ‘In order to get some business, I’ll sell my own at N1.400,” he said.

He explained that other refiners would then have an incentive to respond to competitive prices in order to retain customers.

‘So, it will keep the price moderate, but it’s not that it is going to reduce it completely,’ he said.

Also, an energy expert and lecturer at Ignatius Ajuru University of Education, Port Harcourt, Dr Joseph Obele, corroborated Oyebanji, urging the federal authority and the Nigerian National Petroleum Company Limited (NNPCL) to revive the government-owned refineries, saying the rising crude oil prices have continued to put pressure on the cost of petroleum products and worsening the burden on Nigerian households and businesses.

According to him, the restart of the refineries could help strengthen domestic fuel supply and reduce Nigeria’s exposure to international market shocks.

Obele said the government should maximise every available refining capacity in the country rather than depend heavily on external sources of refined petroleum products at a time of rising global crude prices.

‘The immediate approach to the recent rise in petroleum prices is to restart the government-owned refineries,’ he said.

His position comes as international oil prices have risen amid geopolitical tensions involving the United States and Iran and concerns over potential disruptions around the Strait of Hormuz.

He said the effect of the higher crude prices was already being reflected in Nigeria’s downstream market, with Premium Motor Spirit (PMS) reportedly selling between N1,400 and N1,500 per litre in some locations, while Automotive Gas Oil (AGO) had risen above N2,000 per litre.

According to him, sustained increases in petroleum prices could trigger further increases in transportation, food, medical services and other essential commodities.

‘The continuous increase in the cost of petroleum products will invariably affect the prices of virtually all commodities and services. It will create additional inflationary pressure and deepen the financial hardship being experienced by Nigerians,’ he said.

Obele therefore called for the immediate return of the Port Harcourt and Warri refineries to sustainable production, arguing that government-owned facilities should complement private-sector refineries in meeting national fuel requirements.

He said reviving the refineries would not only increase domestic supply but also stimulate activities across the petroleum value chain, including employment for workers, contractors, marketers, transporters and other businesses.

According to him, the prolonged dormancy of government-owned refineries has affected economic activities connected to the facilities and weakened confidence in the country’s ability to fully utilise its petroleum resources.

Oyebanji said the effect of high petrol prices was particularly significant for commuters because transportation operators had to factor fuel costs into fares.

He cautioned against the assumption that local refining alone would automatically result in cheap petrol, saying its more immediate benefits would include increased domestic supply, reduced dependence on imported refined products and stronger competition.

He also recalled the controversies surrounding previous attempts to sell or attract private investment into the government-owned refineries, noting that organised labour had opposed some of the proposals.

Despite those challenges, he maintained that the facilities should be rehabilitated and returned to productive use.

He further stressed that adequate crude supply arrangements would be essential to the success of any refinery; saying operators must have reliable access to crude to sustain production.

The energy expert called for a coordinated strategy involving the rehabilitation of government refineries, expansion of private refining capacity and secures crude supply arrangements.

He said such measures, alongside targeted government intervention for vulnerable households, could help reduce the pressure of rising fuel and transportation costs on Nigerians.

Meanwhile , the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in a statement by its management has explained that the current pricing structure remained governed by the PIA’s free-market framework, saying it does not determine the prices charged at filling stations.

The Authority said its responsibility is to regulate market conduct, enforce applicable standards, promote fair competition and protect consumers, rather than determine the retail price of petrol.

The clarification comes amid growing pressure over the rising cost of Premium Motor Spirit (PMS), with the Nigeria Labour Congress (NLC) and petroleum marketers calling for government intervention as higher fuel costs continue to affect households, transport operators and businesses.

NMDPRA explained that petrol pricing operates under the deregulated framework established by the Petroleum Industry Act 2021 and is therefore determined by market conditions rather than a pump-price template issued by the regulator.

According to the Authority, Section 205(1) of the PIA provides for wholesale and retail petroleum product prices to be based on unrestricted free-market conditions. It added that it does not fix pump prices or issue administrative pricing templates.

According to the regulator, government intervention in petroleum pricing is restricted under Sections 205(2) to 205(4) to exceptional circumstances where there is formal evidence of a declared market failure. It said no such market failure has been declared.

The NMDPRA, however, stressed that deregulation does not remove its responsibility to enforce competition and consumer-protection rules across the downstream market.

It said Section 216 of the PIA empowers it to address anti-competitive practices, price-fixing and abuse of market dominance.

The Authority said it is working with the Federal Competition and Consumer Protection Commission under a memorandum of understanding to monitor practices including price-gouging, collusion, under-dispensing and compromised product quality.

It also plans to establish dedicated reporting channels through which consumers and industry stakeholders can submit complaints about irregular pricing and other exploitative practices for investigation and enforcement.

The regulator said it is further working with the Nigeria Customs Service and other security agencies to strengthen surveillance along border corridors and prevent the illegal diversion of petroleum products out of the country.