NERC Hands Over Electricity Market Regulatory Oversight To Imo Govt

The Nigerian Electricity Regulatory Commission (NERC), has transferred regulatory oversight of the electricity market in Imo State to the State Electricity Regulatory Commission (ISERC), the commission said, yesterday.

Recall that NERC had earlier transferred regulatory oversight of the Enugu and Ekiti electricity market to the State’s Electricity Regulatory Commission.

The commission said that the transfer was in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN), and the Electricity Act 2023 (Amended)

It quoted the NERC as saying that it has issued an order to transfer regulatory oversight of the electricity market in Imo from the commission.

The commission said with the Electricity Act (EA) 2023, it retains the role as the central regulator with oversight on the inter-state/international generation, transmission, supply, trading and system operations.

“The EA also mandates any state that intends to establish and regulate intrastate electricity markets to deliver a formal notification of its processes and requests to NERC.

“To transfer regulatory authority over electricity operations in the state to the state regulator.

“Based on this, the government of Imo complied with the conditions precedent in the laws, duly notified NERC and requested for the transfer of regulatory oversight of the intra-state electricity market to the state, ‘’ it said.

The transfer order by NERC had the following provisions:

“Direct Enugu Electricity Distribution Company (EEDC) to incorporate a subsidiary (EEDC SubCo) to assume responsibilities for intra-state supply and distribution of electricity in Imo from EEDC.

“The EEDC shall complete the incorporation of EEDC SubCo within 60 days from June 27.

“The sub company shall apply for and obtain a licence for the intra-state supply and distribution of electricity from ISERC, among other directives, ‘’ it said.

The commission in the statement said that all transfers envisaged by this order shall be completed by Dec. 31.

Tinubu Appoints Chioma Awuzie Substantive Rector, Fed Poly Oko

President Bola Ahmed Tinubu has approved the appointment of Dr. Chioma Irene Awuzie as the substantive Rector of Federal Polytechnic, Oko, Anambra State. Dr. Awuzie's appointment, which takes effect immediately for a five-year term, follows the recommendation of the Polytechnic's Governing Council, chaired by Sen. Dr. Barnabas Gemade, after a transparent and competitive selection process where she emerged as the leading candidate. Prior to her appointment, Awuzie, who holds a Doctorate Degree in Physical and Materials Chemistry, was a distinguished Chief Lecturer in the Department of Science Laboratory Technology (Chemistry Option) and also Director in-charge of Tertiary Education Trust Fund (TETFund) Projects in the Polytechnic. Under her stewardship, Federal Polytechnic, Oko, witnessed unprecedented advancements in infrastructure and institutional transformation. Her leadership facilitated monumental developments across the Polytechnic’s campuses in Oko, ...

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate...

Valentine Ozigbo Resigns from Labour Party

In a shocking move, against all speculations over the last few days, Valentine Ozigbo, a close ally of Peter Obi, has announced his resignation from the Labour Party (LP). Ozigbo confirmed his decision to Diaspora Digital Media on Wednesday, February 19, 2025, but declined to provide further details, opting instead to share his reasons during an interactive session on X (Twitter) Space. The session, scheduled for 8 PM, will feature Ozigbo in conversation with Anambra's First Son, @uchepokoye, discussing pressing issues affecting Anambra State, including security challenges, societal fabric collapse, and the hope for a better future. Ozigbo's resignation has sparked interest, with many awaiting his detailed explanation for leaving the Labour Party. His decision comes at a critical time for the party, which has been navigating various challenges in recent months. Credit: Diaspora Digital Media

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