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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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2023: Tinubu promises to create jobs, embark on full deregulation of the economy etc • moves GDP to 12 per cent

By Akinola Ajibade

All Progressives Congress ( APC) Presidential Candidate,  Asiwaju Bola Ahmed Tinubu has unfolded his vision for Nigeria, in the event that he wins the 2023 election.

He captures his vision, in a statement signed and sent to the News Mirror, by his Director of Media and Communication, Mr Bayo Onanuga, in sixth points titled: 'Tinubu's Roadmap for Nigeria'.

The roadmap, which covers socio-economic and political aspects of the Nigerian economy, borders on educational, health, security, energy, manufacturing and capital market.

According to him, 25 percent of the Nigeria's annual  budget would go education, while 10 percent is going to be earmarked for health sector.

He promised to decentralise the police force, introduce commodity exchange system, fully deregulate the petroleum sector of the economy and stimulate the production and manufacturing of export products and improve electricity generation and distribution from 4,500 megawatts (Mw) to  15,000 Mw of electricity.

Nigeria, the APC's presidential aspirant, would move into a new era of economic prosperity, peace, security and political stability.

The former Lagos state governor, further said that the country would transform into an enviable country and one where there will be justice, peace and prosperity for all, with a “robust economy.

Tinubu said: " A vibrant and thriving democracy and a prosperous nation with a fast-growing industrial base, capable of producing the most basic needs of the people and exporting to other countries of the world.

Adding that: " A country with a robust economy, where prosperity is broadly shared by all irrespective of class, region, and religion.
“A nation where its people enjoy all the basic needs, including a safe and secure environment, abundant food, affordable shelter, health care, and quality primary education for all.A nation founded on justice, peace, and prosperity for all."

He promised to build an economy that will make the nation’s Gross Development Product grow quicker annually for the next four years, while also providie jobs for millions of youths in the country.

Still on the economy, Tinubu said that a new National Industrial Policy would be launch, with a view to reinvigorate specific strategic industries.

“I will focus on stimulating jobs, which will be my top priority as President. I will get Nigeria to work by launching a major public works program, a significant and heavy investment in infrastructure, and value-adding manufacturing and agriculture.
“My administration will build an efficient, fast-growing, and well-diversified emerging economy with a real GDP growth averaging 12% annually for the next four years, translating into millions of new jobs during this period,” he said.



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