The year 2023 marked the tenth anniversary of the partial privatization of the power sector, where the Federal Government relinquished its 60% stakes in 11 electricity distribution companies and either sold or concessioned seven power generation plants. Despite this move toward privatization, electricity supply has remained inconsistent, leaving consumers frustrated. Surprisingly, the government, attempting to divest from the sector, ended up spending over N7 trillion to support the Nigerian Electricity Supply Industry (NESI).

The power sector underwent significant changes in 2023 with the signing into law of the Electoral Act, shifting the power sector from the exclusive legislative list to the concurrent list. This allowed state governments not only to issue licenses but also to generate, transmit, and distribute electricity within their states. Adebayo Adelabu's appointment as the Minister of Power marked a unique development, as he became the first individual to administer the sector single-handedly since the advent of the present democracy in 1999.

Despite a 13,000MW installed capacity from the country's 27 power generating plants, power generation remained exceptionally low due to poor utilization. The Nigerian Electricity Regulatory Commission (NERC) reported a worrying plant availability factor (PAF) of 33.31% in 2023/Q3, highlighting the significant issue of mechanical outages, particularly stemming from the age of many plants.

The Transmission Company of Nigeria (TCN), managing the national grid, faced challenges with repeated collapses and attacks on transmission towers. The government aimed to unbundle TCN into two entities, Independent System Operator and Transmission Service Provider. Despite efforts to upgrade substations and procure new transformers, incidents like fire outbreaks and attacks on power towers persisted.

Electricity distribution companies (DisCos) continued to perform poorly, neglecting infrastructure investments and lacking in proper metering. As of September 2023, only 44.51% of registered electricity customers in NESI were metered. The Federal Government took steps to address this metering gap, opening bids for 1.25 million electricity smart meters funded by a $155 million World Bank loan.

The Rural Electrification Agency (REA) played a role in rural electrification through the Nigeria Electrification Projects (NEP), providing electricity to 6.8 million people under a $350 million World Bank loan and a $200 million African Development Bank loan. The World Bank expressed interest in supporting a successor project with another $750 million grant.

Despite these efforts, the power sector faced financial struggles. Closing the metering gap was identified as a crucial step, with calls for the government to ensure that all customers are provided with electricity meters. Addressing losses, expanding and modernizing networks, and encouraging necessary investments in the sector were highlighted as essential measures to support tariff adjustments and improve overall efficiency in the power sector.

Leaders of thought and elder statesmen representing Southern and Middle Belt regions have penned a letter to President Bola Tinubu, urging him to address the ongoing killings and destruction in the Middle Belt, which they see as a threat to the nation's existence. The group, known as the Southern and Middle Leaders Forum (SMBLF), emphasized the President's responsibility to resolve the issue and criticized the portrayal of the conflict as mere herders/farmers clashes. They called for a comprehensive security inquiry, the closure of IDP camps, and specialized training for security agents.

The leaders, including Chief Edwin Clark and Chief Ayo Adebanjo, highlighted the diversity within the North-West geopolitical zone and underscored the dangers of the Fulani territorial agenda. They urged President Tinubu to take decisive action, address the senseless killings, and ensure the safety of citizens, especially in the Middle Belt. The letter criticized the government's handling of the Fulanization agenda and called for the return of displaced communities to their ancestral homes.

In a separate development, governors from the North Central states visited Plateau State, expressing concern over the persistent attacks and killings. They called on the federal government to address the root causes of the issue and find lasting solutions. The governors emphasized the need for unity and cooperation among the North Central states to combat banditry effectively.

Additionally, the Nigerian Bar Association (NBA) called on President Tinubu to deploy radical security and economic policies in response to the increasing insecurity in the country. The NBA condemned recent attacks in Plateau State and a drone strike in Kaduna State, urging the government to prioritize the security of lives and properties. The association called for a comprehensive and region-specific approach to address security challenges, emphasizing the importance of inter-agency coordination and substantial investments in security.

Nollywood enthusiasts fondly recall the Netflix original epic, 'Jagun Jagun,' as one of the standout movies of 2023, garnering widespread acclaim. Building on that success, the movie's producer and actor, Femi Adebayo, has unveiled an exciting new project titled 'Seven Doors' slated for release in the upcoming year, 2024.

Adebayo shared this revelation during an appearance on Channels Television’s The Morning Brief on New Year’s Day, presenting it as a significant venture for movie enthusiasts to anticipate. He tantalizingly teased the movie's plot, indicating that filming has been successfully completed, and the project is currently in the post-production phase.

"In my upcoming movie, a Yoruba marries an Igbo woman, and the Igbo tribe supports the husband, who is a core Yoruba king. They uphold their traditions and everything. That is one of the things you should look out for this year; the title of the film is ‘Seven Doors,’ and it’s going to be big. Filming is done, and I am at the post-production stage," Adebayo disclosed.

Additionally, Adebayo shared plans to film the second season of the highly successful 'Jagun Jagun,' providing a platform for emerging actors to showcase their talents. He expressed enthusiasm for the intentional collaboration between indigenous language actors and their English-speaking counterparts, highlighting its positive impact on the industry.

"It has really helped the industry, and for me, it’s one of the joys that I’m seeing in the industry presently. I am so happy about the harmonization and synergy. We are even coming together to co-produce to engage the Yorubas, even the Hausas, so most of us now when we write scripts we must infuse other tribes," Adebayo remarked.

While acknowledging the progress, Adebayo emphasized the need for a more conducive environment for movie producers, citing concerns such as the lack of security in movie locations among other challenges.