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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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Shell wins best local content operator award


L-R: Chief Upstream Investment Officer, Nigerian Upstream Investment Management Services, Bala Wunti; Country Chair, Shell Companies in Nigeria and Managing Director, The Shell Petroleum Development Company of Nigeria Limited, Osagie Okunbor; Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote; Executive Vice President, Gas and Power of Nigerian National Petroleum Company Limited, Abdulkadre Ahmed; and Managing Director, Shell Nigeria Exploration and Production Company Limited, Elohor Aiboni, at the Shell stand during the opening session of the 11th Practical Nigerian Content Forum held in Uyo


By Akinola Ajibade

Shell Companies in Nigeria have emerged winner of the best local content operators award at the 2022 annual industry dinner and awards ceremonies in Port Harcourt, Rivers State Capital.

The Petroleum Technology Association of Nigeria (PETAN) organised the awards. 

At the event, the Managing Director of Shell’s deep-water business, Shell Nigeria Exploration and Production Company, Mrs. Elohor Aiboni, was also named the sole recipient of the PETAN Chairman Outstanding Achievement Award, while her successor, Mr. Bayo Ojulari, clinched the PETAN Distinguished Achievement Award.

“Shell companies have always stood by local service companies, and they have been part of our local content journey right from the beginning, and have been consistent,” PETAN Chairman, Mr. Nicolas Odinuwe, said while handing the award to Shell’s representatives.

He described Shell companies as a major pillar to the growth of local content in Nigeria by driving the pre-legislation initiatives and providing funding intervention to give opportunity for even start ups in the service sector to play in the oil and gas supply chain.

Receiving the award, Director,The Shell Petroleum Development Company of Nigeria Limited and Head, Corporate Relations, Mr. Igo Weli, said, “We are pleased with the country’s success in the Nigerian content story and we are very proud that important stakeholders in the industry continue to recognise Shell’s pioneering and continuous role to indigenise industry know-how so that Nigerians are acquiring necessary skills and Nigerian businesses are participating more in the oil and gas industry.”

Weli, who was accompanied by the Manager, Nigerian Content Development for Shell, Mr. Olanrewaju Olawuyi, said, “Last year alone, Shell companies in Nigeria spent $800 million on contracts to Nigerian-registered companies which is the same level as the 2020 spend. Our relationship with Nigeria remains strong and we are focusing our ambitions on our Nigerian deep-water production and gas distribution businesses.”

Meanwhile,the Nigerian Content Development and Monitoring Board (NCDMB) has highlighted Shell’s important role in indigenizing Nigerian content.

Speaking at the 11th Practical Nigerian Content Forum held in Uyo, Akwa Ibom State last week, the NCDMB Executive Secretary, Simbi Wabote, chronicled the history of Nigerian content and paid glowing tribute to Shell for being the first international oil company in Nigeria to demonstrate belief in the capabilities of Nigerian companies and give them the inroad to participate fully in the oil and gas industry

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