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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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Nigeria Signs Bilateral Agreement With Kuwait


Keyamo and other participants during the signing of Bilateral Agreement in Riyald, Saudi Arabia.


By Favour Ifeoluwa & Akinola Ajibade


Nigeria has signed an agreement with Saudi Arabia to commence direct flights, passengers and cargo movement to Kuwait.

Known as Bilateral Sir Services Agreement(BASA) the deal would help in boosting trade, tourism and economic relations with the oil rich State of Kuwait and in a way  impact on Nigeria's economy. 

Signed on behalf of Nigeria by the Minister of Aviation and Aerospace, Mr Festus Keysmo during the ongoing International Civil Aviation Negotiation (ICAN) Event of the International Civil Aviation Organization (ICAO) in Riyadh, Saudi Arabia, Keyamo noted that the agreement would enhance the desired economic ties and cooperation between the two countries.

He said the idea was in tandem with the Renewed Hope Agenda of the current administration.

He underscored the important role which the Aviation Sector is positioned to play towards the successful implementation of the Renewed Hope Agenda which is aimed at bringing out over 50 million Nigerians out of poverty.

According to him, players in the aviation sector of both countries are going to latch on the opportunities being provided with the signing of the BASA to derive maximum benefits from it.

Keyamo also held bilateral talks with respect to commencement of flight operations for passengers and cargo, between Nigeria and Iran, with the Aeronautical Authorities of the Islamic Republic of Iran led by the President of Iran Civil Aviation Authority, Mr. Mohammadi Bakhsh.

Speaking at the occasion, the Acting Director General of Civil Aviation of the State of Kuwait, Engr. Emad Faleh Al-Jelwi , noted that the signing of the agreement on direct flights between his country and Nigeria signposted the beginning of a strong relationship in the areas of trade, commerce, tourism, education and other areas of socio-economic development which would be to the mutual benefits of the two countries.

He expressed confidence that Nigeria being the most populous and prosperous African nation would provide his country the desired inroad to the continent of Africa.

A statement by the Ministry on Wednesday said the minister urged both countries to maximally utilize the opportunities that are bound to come with the signing of the BASA.

On the Iran bilateral agreement Keyamo alluded to the fact that Iran and Nigeria had come along way and international politics should not be used as a barrier to stifle the harmonious relationship that existed between the two countries, as both countries are members of some international organizations and shared common world views and perspectives.

He assured the Iranians that he would work in concert with other government agencies towards ensuring the commencement of flight operations between the two nations.

Speaking earlier, Mr. Bakhsh had made reference to the exchange of BASA texts between both countries, which were initialed by the representatives of the Aeronautical Authorities of both countries in Tehran in 2021, and called for the operationalization of the Agreement.

He informed the minister that Tehran had designated Mahan Air for the operation of Tehran-Lagos route and requested Abuja to also designate its own carrier on the route.

He said he believed that Nigeria and Iran had a lot to benefit from the direct air service in view of their shared common interests.

He disclosed that Iran’s carrier, Mahan Air, fly to over 100 destinations in the world and that Nigeria could be a hub for cargo coperation for goods emanating from Tehran to Africa.

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