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NERC Blames Estimated Billing on Low Metering

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The Minister of Power, Works and Housing, Babatunde Fashola
  • NERC Blames Estimated Billing on Low Metering

The Consumer Affairs Commissioner of the Nigerian Electricity Regulatory Commission, Dr Moses Arigu, has identified low metering as a factor responsible for estimated billing by electricity distribution companies.

Arigu stated this at the inauguration of the customer complaints forum office in Osogbo, the Osun State capital.

He said the bulk of the complaints by consumers in Osogbo and its environs were on estimated billing and high voltage, saying the inauguration of the complaint forum office would enhance a better relationship between consumers and Ibadan Electricity Distribution Company, which is in charge of distribution in the area.

Arigu said IBEDC received 1,275 complaints from consumers in the area between January and September 2018, stressing that most of them were about estimated billing and high voltage issues.

He said, “The commission notes the recurring complaints on estimated billing, which is mainly due to the low metering status in the sector.

“It is for this purpose that the commission has introduced measures to accelerate metering through the Meter Asset Provider Regulation of 2018 and very close monitoring of electricity distribution companies’ roll-out plan.

“The present metering gap in Ibadan Disco alone is about a million when compared to its total customer size of over 1.6 million customers; this represents a 60 per cent deficit in metering.”

The Chief Operating Officer, IBEDC, Mr John Ayodele, said the commission had introduced measures for the punishment of incessant breaches by customers who engaged in unauthorised access to electricity, tampering and bypassing of meters.

He said energy theft remained an offence, adding that the company would not condone it.

He pleaded with stakeholders not to take the laws into their hands by being hostile to IBEDC officials.

He warned against in illegal connections and vandalism of electricity installations while urging them to make formal complaints about the resolution of whatever issues they might have.

The Governor, Osun State, Mr Rauf Aregbesola, who was represented by the Commissioner for Works, Mr Kazeem Salami, said one of the challenges facing the state government was vandalism.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director

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Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

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FG Reopens Osubi Airport Warri for Daylight Operations

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FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

JR Firms, an agribusiness firm with headquarters in Nigeria, has announced partnership with Sanit Wing Rwanda through the acquisition of 11 per cent stake in the company.

The CEO of the company, Mr Rotimi Olawale, explained in a statement that the partnership was in furtherance of its goals to ensure food security, create decent jobs and raise the next generation of agrarian leaders in Africa.

The stake was acquired through Green Agribusiness Fund, an initiative of JR Farms designed to invest in youth-led agribusinesses across Africa.

Sanit Wing Rwanda is an agro-processing company that processes avocado oil and cosmetics that are natural, quality, affordable, reliable and viable.

The vision of the company is to become the leading producers of best quality avocado and avocado by-products in Africa by creating value across the avocado value chain.

With focus on bringing together over 20,000 professional Avocado farmers on board and planting of three million avocado trees by 2025 through contract farming, the company currently works with One Acre Fund in supply of avocado to its processing facility.

The products of the company which include avocado oil, skin care (SANTAVO), hair cream and soap are being sold locally and exported to regional market in Kenya.

With the new partnership with JR Farms- the products of the company will enjoy more access to markets focusing on Africa and the European Union by leveraging on partnerships and trade windows available.

Aside funding, the partnership comes with project support in areas of market exposure, capacity building, exposure and other thematic support to grow the business over the next four years.

JR Farms has agribusiness operations in Nigeria, Rwanda, United States and Zambia respectively.

In Nigeria, the company deals in cassava value chain processing cassava to national staple “garri” which is consumed by over 80 million Nigerians on daily basis, while in Rwanda, it works in the coffee value chain with over 4,000 coffee farmers spread across the East Central African country.

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