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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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Women are key to energy sector's growth, say Sylva, Wabote and Okadigbo


By Akinola Ajibade

5th from left: Chief Timipre Sylva, Minister of State for Petroleum Resources, Chairman Board of NNPC Limited, Senator Margery Chuba-Okadigbo, Engr. Simbi Wabote, Executive Secretary of NCDMB and other dignitaries at the Nigeria Women in Oil and Gas Conference in Lagos.


…NCDMB-NEXIM bank partnership, has rolled out $40 million fund to empower women in the oil industry 


The Minister of State for Petroleum Resources, Chief Timpreye Sylva, has said that the roles of women cannot be under-emphasised in the global energy transition.

He said this becomes necessary, when one considers the strength, characters intuition, knowledge and natural endowment, which women are endowed with.

He spoke at the oil and gas conference organised recently in Lagos for women in the energy sector. The conference was at the instance of the Nigerian Content Consultative Forum (NCCF) in conjunction with the Nigerian Content Development and Monitoring Board (NCDMB) and relevant Women Groups in the industry. 

He pointed out that oil and gas industry plays a pivotal roles in the socio-economic development of the world and that the development would continue inspite of calls for  global energy transition.

Sylvia further said that women play critical roles, when its comes to harnessing  the industry's potentials for growth.

He said that women, historically have shown to be very organized and United, stressing that they have on many occasions achieved what appears to be difficult or impossible to get results from.

He said:" For instance in 1929, wómen in Aba, in the defunct Calabar province of colonial Nigeria organised one of the most successful protests in the history of Nigeria. Known as Aba Women Riot, the protest brought something new in the political dynamics of the region. The women challenged the British indirect rule system, which empowered warrant chiefs as representatives of between the government and the people.

" The protest forced the British government to jettison the warrant chiefs system, after several negotiations with women." 

He said that the Federal Government has a gender sensitive policies in its programmes, a development, which has been a blessing to women. 

Slyva, however said that women account for 22 per cent of the labour force in the oil and gas industry, despite the fact that they make up 48 per cent of the global work force.

The government, Slyva said, has through NCDMB- Nigerian Export Import Bank Partnership ( NEXIM) partnership rolled out a $40 million fund to empower women in the sector, separate from the Nigerian Contact Initiative (NCI) fund, which is equally available for men and women, who meet the criteria.

Also, the Executive Secretary, Engineer Simbi Wabote and Chairman, Board of Directors, Nigerian National Petroleum Company Limited (NNPC), Senator Margery Chuba-Okadigbo, took their turns to extol the virtues of women in oil and gas industry. 

They all agreed that women played crucial roles in the development of the energy sector in Nigeria and beyond, urging governments to accord then more opportunities for growth.






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