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

REA,/ state governments plans to boost rural electricity


By Akinola Ajibade

Brighter days are ahead of thousand of communities acros the country, as the Rural Eradication Agency ( RAE)[ and the thirty state governor are collaborating on how to boost supply of electricity in the country, the Managing Director/Chief Executive officer ,Ahmad Salihijo Ahmad gave this indication recently 

He spoke during  a  workshop organised by REA in conjunction with the African Clean Energy Technical Assitance Facility (;AGETAF);and the Nigeria Governors Forum in Abuja .

He said that the collaboration would. help in fast-, tracking the approval and other associated permits, providing  data of unserved & underserved communities within the States,.

Others he said, include creation of  an enabling environment for private sector developers and providing an interface between the REA, the states and the developers towards ensuring the sustainability of projects in their states.

The workshop served as a platform for the REA to convey its programmes and initiatives to the state governments and critical stakeholders at the workshop for a better understanding of its operations, and to achieve implementation sustainability and enhanced performance across all its programmes.

It provided an avenue for the REA to listen to the challenges faced by the States and proffer solutions that are critical in advancing the course of the REA Mandate and improving the energy sector.

Declaring the workshop open,  Minister of State for Power, Goddy Jedy-Agba, said “I believe that a stakeholder engagement such as this, beyond helping to stimulate growth in our critical sectors, ultimately enables the exchange of valuable ideas targeted at national development.”

Also, the  chairman of the Nigeria Governors’ Forum, Dr. Kayode Fayemi through his representative, Dr Abdulateef Shittu, the Executive Director, Nigeria Governors Forum, commended the management of REA for living up to its mandate of expanding rural electricity access across the rural frontiers of the country.

He stated that “the states are committed to the success of rural electrification programmes and emphasized that the rural economy is central to the overall national economy which is predicated on effective and robust rural electrification scheme.

He added:”This stakeholders’ workshop is coming at a very critical time when all hands must be on deck to solidify and improve on the gains that have been achieved in the energy sector. “

The Team Leader for Economic Development, Foreign, Commonwealth and Development Office, Gail Warrander mentioned “States have a critical role to play in developing policies and plans to support offgrid energy; through easy access to land for minigrids and simplified permits but also, they are best-placed to match potential locations for minigrid and stand-alone solar systems with households and businesses.

The United Kingdom (UK) is supporting the sector through the Africa Clean Energy – Technical Assistance Facility (ACE-TAF), and a 10 million pounds facility to InfraCredit to de-risk insurance and pension funds invested in the sector, as well as other programmes.”

The Nigeria Country Manager for ACE-TAF, Chibuikem Agbaegbu while giving his presentation stated that “We are positive that this collaboration between the Federal Government through the REA and the State Governments will accelerate energy access delivery in States especially in the rural un-served and under-served communities. We are happy to be partners to both REA and the state governments on this initiative, and will continue to support both parties in ensuring Nigeria meets its electricity targets”

The resolution at the workshop was outlined to include: Nomination of a Focal Person in each State for synergy between REA and State Governments; Timely information sharing with State Focal Persons on REA’s programmes and projects in planning, implementation and monitoring of projects; REA to create a centralized data repository for Rural Electrification data with State-level access for seamless data sharing of planned, completed, and ongoing projects.

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