Skip to main content

FG- Imo: :Regulatory Oversight of The State Electricity Market Is Now Underr ISERC

By Favour Ifeoluwa & Akinola Ajibade  The Federal Government yesterday( Monday) announced the transfer of Regulatory Oversight of the Electricity Market in Imo State to the state electricity regulatory commission, otherwise known as (ISERC). In a statement issued by the Nigerian Electricity Regulatory Common( NERC), the development is in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended), reiterating that all transfers envisaged by this order shall be completed by 31 December 2024. According to the Commission,the transfer Order’s provisions include: “Direct Enugu Electricity Distribution Company (EEDC) to incorporate a subsidiary (EEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Imo State from EEDC, and that EEDC shall complete the incorporation of EEDC SubCo within 60 days from 27th June 2024. The subcompany shall apply for and obtain licence for the in
Post a Comment

Fed Govt, EU and German Ministry unveil Electric Vehicle ( EV)



By Akinola Ajibade
     Electric motorcycle on display

The Federal Government, European Union( EU) and the German Federal Ministry for Economic Cooperation, yesterday, unveiled an Electric Vehicle (EV) in Lagos.
The government, through its Ministry of Power, developed the vehicle pilot project, while the 
European Union (EU) and the German Federal Ministry for Economic Cooperation provided the necessary financial support for the scheme. 
The project is within the framework
    Panelists at the event

The event, which took place at the Intercontinental Hotel, Victoria Island, Lagos
had fognatories including states' commissioners, 
top-evhelon of the nation's energy sectors among others, in attendance.
Organised in order to showcase the beauty, sophistication and the immense benefits inherent in the solar energy to Nigerians, especially residents of the rural-urban and peri-urban communities in Nigeria, who presently are battling irregular supply of electricity, the event provided opportunities for participants to know how electric vehicles, especially motorcycles can aid the activities of farmers in the course of planting, harvesting and transporting their produce to the market for growth.
Speaking at the event, the Acting Director the Renewable and Rural Power 
Access Department of the Federal Ministry of Power, (FMP), Mr. Abubakar
DAPSHIMA,said that the success of the Electric Vehicle's pilot project was not without the establishment of the Gbamu-Gbamu solar mini-grid community. Gbamu-Gbamu is a village in the South-Western part of Nigeria.
“The objective of the project is to showcase the opportunities in the solar system of electricity generation e-mobility to the people. The project has revealed great benefits that cut across
economic and environmental activities to both the community dwellers and the mini-grid developers,” he added.
Continuing further, Abubakr said that Gbamu-Gbamu, is one of the mini-grid sites supported by NESP during its first phase, stressing that it has provided insights on how the potentials of 
EVs in rural and peri-urban communities can be adequately harnessed

Comments

Post a Comment

Popular posts from this blog

HAPPY 70 TO ELDER ADE ADEDAMOLA OGIDAN

PLATINUM BIRTHDAY ANNIVERSARY OF ELDER ADE ADEDAMOLA OGIDAN, A FOREMOST JOURNALIST & EDITOR By Favour Ifeoluwa & Akinola Ajibade Like a new born child, beaming with smiles for coming out of his mother's womb in order to live a fulfiled life, the celebrator,Ade Ogidan fits perfectly well into this category. Simply known as AAO, a shorten form of Ade Adedamola Ogidan, the thorough based journalist is without doubt, a  well grounded newsman.. With Bachelor of Science ( BSC) Degree in   Sociology and Anthropology( 1976 ) from University of Nigeria, Nsukka,  Ogidan has cut his teeth well in Journalism. Prior to this, he  taught in Osogbo Grammar School and worked at the Nigerian Communication respectively  after his youth service, a development, which no doubt prepared  him well for journalism profession and other future engagements. Pragmatic, resilient and outspoken, where it matters, Ogidan ensured  that his tenure as the first Chairman of Pineapple Estate, Ikorod
1 comment
Read more

NNPC Completes Mechanical Rehabilitation of Port Harcourt Refinery Plant

By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company (NNPC) Limited, says that it has mechanically completed the rehabilitation of Area 5 Plant of the Port Harcourt Refining Company (PHRC). The nation's oil company began rehabilitation of the refinery two years ago, while at the same time, promised to complete its by 31st December 2023. The Group Chief Executive Officer, NNPC Ltd., Mr. Mele Kyari, said as of December 15th, 2023, 84.4% of Area 5 Plant, a key component of the Refinery, and 77.4% of the entire rehabilitation project have been completed. “In our quest to ensure that this refinery is re-streamed to continue to deliver value to Nigerians, we made a promise that we will reach a mechanical completion of phase one of the rehabilitation project by the end of December and get the other plants running in 2024. Today, we have kept those commitments,” Kyari stated. The GCEO commended NNPC's staff and the EPCIC contractors for doing a g
Post a Comment
Read more

Fed Govt Commences New VAT Sept 1

By Favour & Akinola Ajibade Buoyed by the resolve to deepen the country's revenue base and further and further speed up implementation of capital projects in Nigeria, the  Federal Government will in the next six days, precisely September 1, this year, starts collecting the  new Value Added Tax( VAT).  The government is achieving  this goal through the Federal Inland Revenue Service(FIRS).  FIRS, in a statement,  said subject to the Finance Act 2023, VAT withheld or collected, VAT on items excluded from building, the new Tertiary Education Tax rate of 3 per cent and Investment Allowances and Convertible Currencies will become effective September 1, 2023. Certain amended provisions of the Finance Act 2023 were enacted on 28th May, 2023 with the effective date of 1st May 2023. However, the effective date was changed to 1st September 2023. Some of the amended Sections are 14 (3) which deals on VAT Withheld or Collected. The VAT Act was amended to the effect that persons
Post a Comment
Read more