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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-Stakeholders : We Are Not Leaving Nigeria


James Shindi; Ambassador of Spain to Nigeria, Juan Sell; Ambassador of Germany to Nigeria, Annett Gunther; Permanent Secretary, Ministry of Petroleum, Federal Republic of Nigeria, Ambassador Gabriel Aduda; General Manager, Commercial, Shell Nigeria, Hans Nijkamp; Manager, Business Value and Regulation, Olufunto Annam; Chairman, Brevity Anderson, Olatunde Akoni… at the 6th Nigeria International Economic Summit (NIES) during the Ministers and Head of Delegation dinner sponsored by Shell Nigeria.


By Favour & Akinola Ajibade


 Shell has re-emphasised the need to continue its operations in Nigeria, by developing many of its exciting projects in the country.

The company stated this at the 6th Nigeria International Economic Summit (NIES) in Abuja.

While speaking as the sponsor of the Minsters and Head of Delegation Dinner, that kicked off the event, Shell Nigeria’s General Manager, Commercial, Hans Nijkamp noted that the firm has invested and developed key and economically viable  projects in the country, hence it is not ready to abandon them for anything.

According to  Nijkamp, Shell is developing several gas and pipeline projects in Nigeria, in order to help the utilise its vast gas resources to meet energy demand for domestic industrial development and to also generate much-needed revenue for the country. 

He  said, “Recent global events continue to highlight the world’s urgent and long term energy demands and these present opportunities for Nigeria to quickly utilise its vast gas resources. Also, Nigeria’s own growing population needs accessible and affordable energy for industrialization, electricity and sundry others developments and Shell has projects to help meet these opportunities.”

He reiterated, “Shell is not advancing actions on the onshore portfolio review in compliance with the Supreme Court’s order to maintain the status quo. Shell’s relationship with Nigeria remains strong and we continue to focus investment in Nigeria’s deep-water exploration and production, in our renewable energy space with All On. Our Shell Energy Nigeria business line is also working to expand the gas distribution solutions being championed by Shell Nigeria Gas Limited.

 

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