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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
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Nigeria eyes EVs, as Dangote, others invest N500b on assembling plants


Sitting at the extreme right is Mr Fatoki, Head of unit, Sustainable Energy (NESP) and other panelists at the event

By Akinola Ajibade
Nigeria is targeting production of Electric Vehicles
(EVs), with a view to replace the fossil fuels' automobiles and further join the league of nations using similar means of transportation.
The developed economies, including United' States, Canada, United Kingdom among others, are believed to have been using electric vehicles alongside the ones that were tailored to use fossil fuels. 
The development aimed at complementing the global energy transition programmes, declared at the climate conference in Glasgow, United Kingdom and France few years ago. Both countries are said  in Europe.
Simply puts, energy transition initiative was adopted globally to enabe countries migrate from the use of fossils, which are believed to be toxic and unfriendly to the ecosystem to zero-carbon fuels, that are considered to be hygienic, safe and technologically proven.
This was revealed during the unveiling of the Electric Vehicles' Workshop at the Intercontinental Hotel, Lagos recently.
The workshop was put together by stakeholders in the energy sector, with the Nigerian Energy Support Programme( NESP) advisory capacity in this regard.
Also playing a pivotal roles are the Ministry of Power,its renewable energy sub-sector, , the German Government among other key  stakeholders in the local and international  energy landscape.(
The high point of the event was the launching of Electric Vehicles in Nigeria and what Nigeria stands to gain by embracing it in order to develop itself. 
The participants, nevertheless did Justice to the issue, as they canvassed support for the use of  EVs in the country.
Speaking at the event, the Director General/ Chief Executive officer, National Automotive Design and Development Council ( NADDC) , Mr Jelani Aliyu said that local auto companies are in sync with the aspirations of  Nigeria to build a virile automotive industry in the country.
He said that the local private companies including Dangote Sino Trucks have pooled together N500 billion to provide automobile assembly plants.
Others, he said are Innoson, PAN, Cherry, Stallion Group, Hyundai, Honda, and Elizade Nigeria Limited, JAC, Kojo, Jet Systems, National Truck Manufacturers, GAC, KIA and Micano/ Gelly. 
He noted that the auto firms have in the past few years been contributing finds among themselves in order to out up assembling plants in  Nigeria.
He describes the idea as nobel, as it coincided  with the period in which Nigeria is considering putting electric vehicles on its roads. 
According to him, the issue of adopting electric vehicles is relatively new in Africa, adding that countries are buying into the idea because of its multiple benefits to them..
Continuing further, Aliyu assured stakeholders that the use of EVs would gain ground in Nigeria, urging 
stakeholders in the automobiles industry not to relent in supporting the scheme.
The Nigerian Auto industry, Aliyu said,  has formulated policies through which battery recharge stations are built in some strategic parts of the country, stating that users would not find it difficult to enjoy their EVs in the country. ,(495)
On unveiling, he said the motorcycle is  capable of deepen Nigerians interest in the EVs, as it would provide more  economic  benefits to them.
Similarly, the Head of Unit, Sustainable Energy/ Access on Grid and Off Grid, Mr Olumide Fatoki, said that Electric Vehicles' would help in building socio-economic development in Nigeria and beyond.
He said  that NESP since inception, has committed  to the development energy in both On-Grif and Off-grid areas. 

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