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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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Lagos crushes 7,000 Okada worth N1.4bn in 5 Months

By Akinola Ajibade

The ban on trycles  popularly  known as (okada) in Lagos and beyond continues,as the state government impounded and crushed 2,000 more of such means of transportation days ago.

Altogether, the total number of Okada seized and destroyed in the last five months was  7,000. 

Data compiled by the News Mirror showed that  these okadas worth almost N1.4 billion.

Recall that the government had last Friday, crushed and apprehended motorcycles, at its Taskforce’s Crushing Centre, Ikeja. 

Speaking on the issue, the state's Commissioner for Transportation Dr Frederic Oladeinde, said the idea is to prevent the okada from finding their way into the streets.

Oladeinde, who supervised the crushing exercise, commended the security operatives for enforcing the total ban order across all the affected 15 local councils.

He said the development goes a long way to show that the government is frowning at the issue.

The exercise, the commissioner said,  brings the total number of  7,000 crushed  okadas to 7,000  in the last five months.

He noted that about 5,000 okadas had earlier been crushed in the first quarter of year 2022.

Investigations  showed that the market price for a new motorcycle is between N300,000 and N350, 0000 while a ‘second hand’ Okada goes for N150,000. With an average of N200,000 per one, the 7,000 Okada destroyed by Lagos in the last fo months are more than N1.4 billion.

In a related development, Oladeinde urged  Lagosians to stop patronising okada and to use the alternative First and Last Mile Buses provided by the government.

Responding to complaints coming from places like Apapa, where the people are finding it tough because of the ban on Okada's operation, the commissioner said the people should show more understanding as the directive is in the overall interest of all citizens of the state.

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