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
Gbobo By Favour Ifeoluwa & Akinola Ajibade Shall Gas Limited (SNG) will continue to collaborate with manufacturers and other stakeholders in the industry in order to find lasting solution to current challenges facing the supply of domestic gas to them, its Managing Director, Mr. Ralph Gbobo, has said. He said this during in Lagos during the manufacturing equipment and raw material expo, organized by the Manufacturers Association of Nigeria( MAN) recently. According to him, the company's commitment to provide manufacturing and industrial customers with clean, reliable, low-cost alternative to liquid fuel is strong, adding that the firm is ready to assist in building a stronger Nigerian economy. He said:”Immediate implementation, at zero cost to government, of initiatives such as enforcing discipline and transparency in the gas transportation network operation, enforcing contractual terms across the gas value chain and implementing the Network Code, and enforcemen