The Nigerian Electricity Regulatory Commission, (NERC) has completed the transfer of regulatory oversight to four States. The States are Enugu, Ekiti, Ondo, and Imo, which are now fully responsible for the regulation of their electricity markets. NERC made this known on its X handle yesterday, noting it has begun the transfer of regulatory oversight to 10 States as of 10th January 2025. According to the Commission: “As of January 10, 2025, NERC has commenced the transfer of regulatory oversight to 10 States. Once the transfers are complete, the States will…
Read MoreTag: STATES
’32 Nigerian States record zero foreign investments in 2024′ – NBS
A whopping 32 States out of 37 states in Nigeria attracted zero capital importation (foreign investments) in the first 9 months of 2024, up from 27 States in the whole of 2023. This is a according to the latest Capital Importation data from the National Bureau of Statistics (NBS) for the third quarter of 2024. According to the data, Nigeria attracted $1.2 billion in the third quarter of 2024, when compared to $2.6bn and $3.3bn in the second and first quarter of the year respectively. Total capital importation in the…
Read More“Terrorists planning to attack FCT, Benue, Imo, 4 other Nigerian States” Primate Ayodele
Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has warned the newly-appointed Chief of Army Staff, (COAS) Lt.-Gen. Olufemi Oluyede, about an impending attack by terrorists in five Nigerian States. Primate Ayodele issued the warning to the the new COAS, in a statement issued yesterday by his media aide, Oluwatosin Osho, saying that the Nigerian Army must be careful from December to February because terrorists are planning to strike within the time frame. Primate Ayodele said that States that would be attacked include: Abuja, Imo, Plateau, Niger, Katsina, Borno,…
Read MoreLG Autonomy: ICPC threatens defaulting States, Govt. officials
Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa Adamu Aliyu, has issued a stern warning that the commission will not hesitate to take action against any official or individual who defies the Supreme Courts ruling on local government autonomy. Recall that on July 11, 2024, the Supreme Court delivered a landmark judgment affirming the financial autonomy of Nigerias 774 Local Government Councils. The 7-member panel, led by Justice Mohammed Garba, unanimously upheld a suit brought by the federal government aimed at reinforcing the independence…
Read MoreLet Us Not Celebrate Our LGAs Yet
By: Nurudeen Dauda To start with, after the much celebrated Supreme Court judgement backing the full financial “autonomy” of Local Governments there are still other fundamental issues that must be addressed for us to get it right in our LGAs administrations as follows: one; Local Government elections, two; the issue of Internally Generated Revenue (IGR) and three; Local Governments reform. It is apt to state that we still have a very long long way to go! Firstly, the issue of free, fair, and credible elections in Nigeria remain a major…
Read MoreLocal Governments: Between Constitutional Autonomy and Judicial “Coup”
By; Abdull-Azeez Ahmed Kadir. Nigeria operates a federal system of government with sub-national. It has been a long debate if Nigeria operates three tiers of government or two tiers with administrative block as the third. Whatever you believe, the 1999 Nigerian Constitution as amended, recognises the Federal, State and Local Governments. Nigeria boasts of 36 states and the Federal Capital Territory with 774 Local Councils. The Local Government is the closest to the people at the grassroots; who constitute the majority of the populace and meant to make them feel…
Read More18 States on red alert, as flood kills 15, displaces over 16,000 in one week
Minister of Water Resources and Sanitation, Joseph Terlumun Utsev, have raised the alarm that18 States and the Federal Capital Territory (FCT) may be adversely affected in the coming days. No fewer than 15 persons have reportedly lost their lives due to the widespread flooding experienced across the country within the last seven days. Several properties, including houses, cars and other valuables were destroyed by the disturbing disaster. Recall that on June 24, the popular Trademore Estate, Abuja, was submerged following a sustained torrential rainfall that led to the death of…
Read MorePolicy Summersault: ‘Transfer of electricity regulatory oversight to States continues’ – FG
The Federal Government has back-tracked on halting the transfer of electricity regulatory oversight to State Governments. Minister of Power, Adebayo Adelabu, revealed the FG’s policy summersault at the two-day stakeholders workshop organised by the Nigerian Electricity Regulatory Commission, (NERC), in Lagos. The workshop on the implementation of the Electricity Act had in attendance the 36 State Commissioners of Energy and Power. The Ministers statement comes a few days after he announced plans to halt the transfer of regulatory autonomy to States and conduct a test phase with a few States.…
Read MoreFG, States, LGCs shares N1.08trn FAAC November revenue
The Federation Account Allocation Committee (FAAC) has shared N1.088.783 trillion November revenue to the Federal Government, States and Local Government Councils (LGCs). This is according to the communique issued by the FAAC at its meeting on Friday. The communique said that the distributable revenue comprised statutory revenue of N376.306 billion, Value Added Tax (VAT) revenue of N335.656 billion, Electronic Money Transfer Levy (EMTL) revenue of N11.952 billion and Exchange Difference revenue of N364.869 billion. According to the communique, total revenue of N1.620 trillion was available in the month of November.…
Read MoreAmended Constitution to allow States to generate, transmit electricity
President Muhammadu Buhari has signed into law the constitutional amendment allowing states in the country to licence, generate, transmit, and distribute electricity. This was made known in a tweet yesterday, by the presidential media spokesperson, Tolu Ogunlesi. He tweeted: President #MBuhari has signed 16 constitution amendment bills into law. By this signing, State Houses of Assembly & judiciaries now have constitutionally guaranteed financial independence, while railways have moved from Exclusive Legislative List to the concurrent list. Another landmark change: By virtue of the presidential assent, Nigerian states can now generate,…
Read More