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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, Partners Will Supply GasTo Dangote For 10 Years

Mr Okunbor 


By Favour Ifeoluwa & Akinola Ajibade


The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its Joint Venture Partners namely the Nigerian National Petroleum Company Limited, TotalEnergies Exploration & Production (E&P)  Nigeria Limited, and Nigerian Agip Oil Company – have taken a final investment decision (FID) to build a dedicated upstream facility to supply 100 million standard cubic feet of gas per day to Dangote Fertiliser and Petrochemical Plant in Lekki, Lagos State, for 10 years.

In a statement signed and made available to the News Mirror, SPDC's Managing Director, Mr Osagie Okunbor, describes the develoment as a s step made in support of the government's decision to initiate a revolution in the gas sector.

Tagged: " Decade of Gas Ambition and spread over ten years, the idea ensures that gas, a feedstock  in generating electricity, is optimally used for growth. 

“This investment decision is a critical step in pursuing the development of the gas-rich Iseni field, which is part of the Okpokunou Cluster in Oil Mining Lease 35 located in Sagbama Local Government Area of Bayelsa State,” Okunbor said, adding that SPDC and its joint venture partners remained committed to Nigeria’s ‘Decade of Gas’ ambition and, particularly, the domestic gas agenda"Okunbor said 

According to him, , increasing the delivery of natural gas to the domestic market is key to accelerated industrialization and economic development of Nigeria.

The FID signals a positive step towards the construction of the required infrastructure for the project that is expected to create jobs through direct and indirect employment.

Dangote boasts Africa’s largest granulated urea fertiliser complex and produces around 65 percent of Nigeria’s domestic fertiliser requirements. The project will supply gas which will enhance the Dangote Fertiliser and Petrochemical Plant’s ability to deliver on its promise to the Nigerian people and government.

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