News
Electricity decentralization: NERC transfers oversight power to ESERB
The Nigerian Electricity Regulatory Commission (NERC) has decentralized regulatory oversight of the electricity market in Ekiti State by transferring it to the Ekiti State Electricity Regulatory Bureau (EERB), as part of efforts to decentralize the sector. This announcement was made in Order No. NERC/2024/042 issued by NERC on Tuesday, April 22, 2024, signed by the Commission’s Chairman, Sanusi Garba, and the Commissioner for Legal, Licensing, and Compliance, Dafe Akpeneye.
According to NERC, this move is in line with the provisions of the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended). The Commission clarified that it retains its role as the central regulator, overseeing inter-state/international generation, transmission, supply, trading, and system operations, as stipulated by the Electricity Act 2023.
Under the Electricity Act, any state intending to establish and regulate intrastate electricity markets must formally notify NERC and request the transfer of regulatory authority over electricity operations in the state to the State Regulator. The Government of Ekiti State complied with these requirements, duly notified NERC, and requested the transfer of regulatory oversight of the intrastate electricity market in Ekiti State.
In accordance with NERC’s directive, the commission instructed Benin Electricity Distribution Company (BEDC) and Ibadan Electricity Distribution Company PLC (IBEDC) to establish subsidiaries (BEDC SubCo and IBEDC SubCo) responsible for intrastate supply and distribution of electricity in Ekiti State. These subsidiaries are required to be incorporated within 60 days from April 22, 2024, and obtain licenses for intrastate supply and distribution of electricity from EERB, among other directives.
NERC specified that all transfers outlined in the order must be completed by October 22, 2024. It is worth noting that NERC had previously transferred oversight power to the Enugu State Electricity Regulatory Commission (ESERC) on Monday.
Dangote Refinery has announced that it will need to export 95-97 percent of its Premium Motor Spirit (petrol) due to low interest from Nigerian marketers. The refinery, which processes 650,000 barrels per day, revealed that only 3 to 5 percent of petrol marketers are purchasing its fuel.
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, shared these details during an X Space session hosted by Nairametrics on Wednesday. He highlighted the challenges facing both the Dangote Refinery and Nigeria’s oil and gas sector.
Edwin explained, “I’m selling 2 to 3 percent to small traders who are willing to buy, while the remaining 95 to 97 percent has to be exported,” referring to the local sales of the refinery’s products.
This situation arises as the NNPCL’s deadline for adjusting the Dangote Refinery’s fuel distribution approaches without a clear plan in sight. It is worth noting that while Aliko Dangote, President of Dangote Group, has announced the refinery’s initial petrol rollout, its distribution to marketers is contingent upon NNPCL’s decisions.
The final sixteen teams for the 2024 FIFA U-20 Women’s World Cup in Colombia have been determined following the conclusion of the group stage.
In recent matches, Ghana triumphed over New Zealand with a score of 3-1, and Japan secured a 2-0 victory against Austria.
As a result, Japan has advanced to the Round of 16, joining the other 15 teams in this knockout stage.
The Round of 16 matches are scheduled for Wednesday, Thursday, and Friday.
The full lineup for the Round of 16 is as follows:
- Spain vs Canada
- Brazil vs Cameroon
- Colombia vs South Korea
- Mexico vs USA
- North Korea vs Austria
- Germany vs Argentina
- Netherlands vs France
- Japan vs Nigeria
The Nigerian Army has refuted claims of widespread resignations among its soldiers due to issues like corruption and low morale.
In a statement, Major General Onyema Nwachukwu, Director of Army Public Relations, dismissed these reports as unfounded.
A news outlet had alleged that numerous Nigerian soldiers were resigning because of corruption and low morale. However, the statement condemned these allegations as misleading and a deliberate attempt to create discontent and undermine the Nigerian Army’s reputation and the dedication of its personnel.
Major General Nwachukwu clarified that, similar to other military organizations worldwide, service in the Nigerian Army is voluntary rather than mandatory. This means that personnel have the freedom to resign following established procedures.
He explained that the resignation process allows personnel to prepare and manage their entitlements, including pensions and gratuities, as outlined in the Harmonized Terms and Conditions of Service (Officers/Soldiers).
Contrary to the report’s implications, the statement emphasized that Nigerian Army personnel are highly motivated, and their welfare is a priority under the leadership of Chief of Army Staff, Lieutenant General Taoreed Lagbaja.
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