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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 Gov Reduces Fare By 50%, Others

Mr Sanwoolu 


By Favour & Akinola Ajibade


Lagos residents are expected to enjoy relatively cheaper means of transportation, if the plans of the state government to cushion the effects of subidy removal is anything to go by.

This happens, as Lagos state governor, Babajide Sanwo-Olu, announced a reduction in transport fare on all Bus Rapid Transport (BRT) routes by 50% beginning from Wednesday. August 2, this year.

Sanwo-Olu, who disclosed this yesterday (Monday) while addressing media at the end of security meeting with members of the  Navy, Airforce and Airforce in Alausa, Secretariat, said commercial buses, popularly known as Danfo,’will follow suit with a reduction of 25% in fare on all routes.

According to him, the government is planning to increase the number of its buses in order to significantly reduce transport problems, adding that new buses have already been purchased. 

Continuing further, Sanwoolu said the  government will start  distributing  food such as rice, beans and garri to the poorest people in the state. 

Lagos' Chaotic Condition 


The distribution of the palliatives,he said,will be done through the Community Development Associations (CDAs), churches, mosques, and local government areas.

He added:”These measures are to cushion the effect of removal of fuel subsidy by the Federal Government, as well as the harsh economic situation in the country.” 

Similarly, the state Commissioner of Police, Idowu Owohunwa,unveiled the efforts of the Police to address security situation in the state,saying there have been an increase in cultists and vehicle vandalism in the state.

He added that since Operation Flush was formed by the Command, 260 suspects have been arrested and investigated.

Owohunwa said the governor has urged the Police Command to upscale their operation, warning “that anyone planning to disrupt the peace of the state will be dealt with.

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