NIGERIAN NOTCH

The Federal Government is considering repossession or recapitalization of 10 electricity distribution firms as one of the options to rescue the nation’s beleaguered electricity industry. This is coming ahead of the scheduled final performance review of the private firms that bought into the distribution companies carved out from the defunct Power Holding Company of Nigeria. However, document available to one of our correspondents shows that the Federal Government would require up to $2.4bn (N736bn) to repossess the privatized distribution assets from the core investors if it finally takes the decision. Giving clue that it could recover the assets from the core investors, the Ministry of Power, Works and Housing in a document sighted by one of our correspondents has described the co-owners of the distribution companies as ‘failed investors.’ The distribution and generation companies carved out of the defunct Power Holding Company of Nigeria were handed over to private investors o...

The newly elected chairman of Goat Dealers association in Agboedo Market Nnewi, Chuma Okoro. has restated there position in supporting the decision made by the South East governor's to reject the imposition of RUGA in the South East He made this assertion last week, during the official handover to him as the new chairman of the association. He said " the policy of the federal government to impose on colonies in disguise is not only dead on arrival but a policy in bad light. Comrade  Chuma Okoro however promised to make policies that will attract government of Anambra state to look into some of the petinent problems confronting them in the market and to see how to proffer ways to solve it He said he has started a weekly sanitation clean up of their market place, which will ensure that the place is clean and decent at all times, because cleanliness is next to Godliness, which he said will attract more people to the goat market. We went on to commend the past administr...

The leadership of the Anambra State Market Amalgamated Traders Association, ASMATA, the umbrella body of all the markets in Anambra state, has reechoed its stand on monthly prayers in all markets in the state as agreed in its meeting with all chairmen and stakeholders of different markets. The market body issued a stern warning that default to the new guideline will no longer be tolerated. President General of ASMATA, Chief Ikechukwu Ekwegbalu, reechoed the warning on Monday, August 12, at the ASMATA headquarters in Onitsha, Anambra state, during an enlarged stakeholders meeting, which attracted all market leaders and ASMATA executive. This medium reports that the purpose of the meeting was to reexamine activities in the various markets and proffer solution on the way forward. The ASMATA PG said that one of the contending issues was violation of guideline for prayers in different markets. He said he received an intelligence that a section of the Bridge Head Market, known as O...

In this interview, with Hon. Obinna Okechukwu, the second Vice President ASAMTA, he takes time to explain the role of ASAMTA in all the 66 markets in the state, and their efforts in bringing sanity in the markets. He also highlights on what is currently happening in NASPA with regards to the said hear say about divisions among stakeholders in the market. Q: Sir, please can we know you?? A: I am Hon. Obinna Okechukwu, the Second Vice President ASAMTA. I am also the caretaker Chairman of New Motorcycle Spare Parts Association Nnewi. Q: Please can you tell us what ASMATA has achieved since it's creation by Anambra State Government?? Ans: I am happy to inform you that our administration is moving on fine. You know it's good for governance to change hands, so that new innovations and changes can take place, as that is what government should be. Our administration since inception is progressing and our president general Comrade Ikechukwu Ekwegbalu is doing fine, as he i...

The Managing Director of the Imo State Oil Producing Areas Development Commission (ISOPADEC), Engr. Anthony Okwuosha, has assured that the Commission has no plan to sack workers or slash their salaries as against a report on Monday, August 12, 2019, suggesting that the Deputy Governor, His Excellency Rt. Hon. Gerald Irona, had recommended to ISOPADEC Board to consider sacking some of the workers or slash their salaries as a way of reducing the wage bill of the Commission. The Managing Director gave the assurance through a press release by his S.A. Media and Communication, Mr. Collins Ughalaa, on Tuesday in Owerri, saying that the newspaper report was false. Engr. Okwuosha said the report that he was about to implement the said recommendation and that workers at the Commission were apprehensive were also false. He said: "There is no truth in the report as it is entirely fabricated and a vaticination of the parochial imagination of the purveyors and authors of the story...

The IMC Chairman of Ikeduru, Dr A.C Oparah has expressed satisfaction on the appointment of Ikeduru indigenes into key  positions by H.E Emeka Ihedioha's administration. He also highlighted that he has  a good working relationship with the Honourable Member representing Ikeduru LGA, at the State House of Assembly, Amb. Uche Ogbuagu, and  Commissioner for Lands, Survey and Urban Planning, Sir Bon Unachukwu, who are all Senior Govt Appointees from Ikeduru. The Ikeduru LGA IMC Chairman,  Dr. A.C Opara, however tasked stakeholders in the LGA to look inwards towards  development in the area. While his presenting remarks and scorecard of his committee, he thanked Ikeduru Leaders and Stakeholders for finding time to attend the  stakeholders meeting. Dr. Opara informed the Stakeholders of signature projects of the sate Government, across  27 LGAs in the state which includes,  Construction of Iho Stadium,  building of new Office/ LGA Secretar...