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Electricity Regulation in Nigeria. Section 74, Electric Power Sector Reform Act, 2005.

Under the Electric Power Sector Reform Act, 2005 (EPSRA), the Nigerian Electricity Regulation Commission (NERC) may of its own volition or upon receipt of a complaint enquire into the conduct or functioning of any licensee’s obligations under the Act, rules or regulations, codes of conduct, or terms and conditions of the licence.

According to this attached Notice, NERC claims to have ‘reasonable cause’ that the listed Electricity Distribution Companies (DISCOs) have breached the provisions of EPSRA, terms and conditions of each DISCOs’ licences, the 2018 Minor Review of Multi Year Tariff Order, and the Minimum Review Remittance Order for 2019.

These DISCOs have been given 60 days to show cause why their licences should not be cancelled.

Without prejudice to NERC’s statutory powers to regulate and take tough decisions, and without delving into the merit or otherwise of this regulatory move, it is our humble view that this path is one fraught with many dangers for the distribution of electricity, with its consequential impact on the consumers of electricity – both domestic and industrial.

For one, has NERC covered all bases in terms of managing possible fall out – technical and LEGAL – from this threatened cancellation? For another, if the purpose of this is to get the attention of these DISCOs, what message might this be sending to potential investors in this economy?

How long, would this possibly drag on for; and while it is on-going, how might the DISCOs perform vis-a-vis consumers of electricity?

This we believe are urgent issues that must be on the mind of NERC. We hope they have really thought this through? Our recent history suggests not.

Interesting times ahead!

Our Nation_Republic of Thieves.

There should come a time when the emotion called shame should arrest a man’s attention – when the unthinkable becomes the fashionable!
I am ashamed of being within the same geographical location where impoverished people celebrate certified crooks! Are you not?!
Something must be seriously wrong with our psyche as a people, when we would assault and burn (yes, immolate!) one man for stealing N500, while we bring out the drums for someone not accused, mind, but actually JAILED for stealing millions in US dollars; the common patrimony of the same impoverished who now celebrate his deported ass!
The heavens must wonder what clay this set of humanoids were shaped from! How in Iroko’s name would you eulogize your tormentor? Have we no modicum of shame at all? What message are we sending to our children, to all who serve in little spaces, diligently?
It is bad enough that we cheat our bright children of higher institution admission on the altar of quota system, cheat competent civil servants of deserved promotion because of ‘positive discrimination’; but must we also traumatize victims of hospitals that are mere consulting rooms, able-bodied, employable youth now unemployed in their millions, by now venerating a common criminal whose action and/or inaction contributed all this morass?
I refuse to join that lot. So, I shout it from the top of my lungs, JAMES ONANEFE IBORI, you are a thief! A convicted criminal! If Nigeria were China, your head will have rotted on its stake a long time ago.
I solemnly undertake today, any politician who celebrates this condemned criminal will hear from me. What I can do? I will call them out as larcenous accomplices! 
That is me. What about you? Will you celebrate this deported felon? It you do, and you are listed as my friend, I WILL NOT ONLY BLOCK YOU, I will also call you out as as accomplice? You will sue me? I will happily plead justification. A court of competent jurisdiction already judged your hero!
Shame no dey catch us? Haba! 

MY BOOK RECOMMENDATIONS FOR SEPTEMBER 2016.

Books_The Creative NationBooks_The Devil's AdvocateBooks_The Last CustodiansBooks_Power of Self-Control

 

You read to expand your mind (i.e. grow your brain) and position yourself to take advantage of opportunities.

 

When was the last time you read a book?

 

It may just save or preserve your future! If you love books, please pass on. Danke.

‪#‎IloveBooks‬!

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