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NERC Unveils TCN Unbundling, Launches Nigerian Independent System Operator

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Union Cries Over Electricity Tariff Increase, Pleads for Reversal

The Nigerian Electricity Regulatory Commission (NERC) has started the process of dissolving the Transmission Company of Nigeria (TCN), a noteworthy development that has resulted in the establishment of the Nigerian Independent System Operator of Nigeria Limited (NISO).

A joint order issued by Vice Chairman Musiliu Oseni and Chairman Sanusi Garba of the NERC dated April 30, 2023, requires TCN to transfer all market and system operation activities to the newly formed firm.

TCN has previously possessed licenses for system operations (SO) and transmission service providers (TSP) under the Electric Power Sector Reform Act.

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But the Electricity Act 2023 gave more precise instructions on how to incorporate the independent system operator (ISO), grant a license for it, and transfer the assets and liabilities from TCN’s share of the ISO.

NERC has directed the Bureau of Public Enterprises (BPE) to incorporate a private company limited by shares by May 31, 2020, in accordance with the Companies and Allied Matters Act (CAMA), 2020.

The market and system operating responsibilities specified in the Electricity Act and the conditions of TCN’s system operation license will be assumed by this new organization, which will be known as the Nigerian Independent System Operator of Nigeria Limited (“NISO”).

NERC underlined that NISO would be able to handle all assets and liabilities associated with market and system operation on behalf of specific stakeholders, consumer groups, and market players thanks to the memorandum of association (MOU) the firm has signed.

In addition, NISO will be responsible for carrying out additional market and system operation duties specified in its license, including negotiating ancillary service procurement contracts with independent power producers and successor generation licensees.

All things considered, NERC anticipates that NISO will uphold all contractual rights and duties related to market and system operations that TCN formerly possessed.

This action is a major step toward improving market performance and efficiency in Nigeria’s energy sector reorganization.

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Hamas: US military starts delivering aid to Gaza

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Hamas: US military starts delivering aid to Gaza

The US military has started supplying Gaza with humanitarian products.

According to CNN, rucks bringing relief supplies into Gaza have started to make their way ashore after passing via the makeshift pier the US military constructed.

The pier, which was anchored to a beach in Gaza on Thursday, is said to be used to direct aid from other nations into the besieged strip, where a severe humanitarian crisis is engulfing the area and all other border crossings are closed.

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The US has stressed that the $320 million pier is a temporary solution that is “entirely humanitarian in nature and will involve aid commodities donated by some countries and humanitarian organizations.” Construction on the pier started in late April.

According to a statement from the US Central Command, or CENTCOM, no US forces touched down in Gaza.

Foreign aid initially lands in Cyprus, then is transferred by ship to a floating platform close to Gaza’s coast, where it is unloaded onto trucks and distributed on land.

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Your ₦48000 Minimum Wage Is For Almajiris – Shehu Sani Blasts Tinubu’s Govt.

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Sani Calls on Government to Close Chinese Supermarket Blocking Nigerian From Entering

Shehu Sani, a former senator from Kaduna Central, said the N48,000 minimum salary the federal government is proposing is an “Almajiri offer.”

According to a report, the Federal Government’s proposed minimum pay of N48,000 for public service workers was rejected by the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC).

This suggestion was made by the government on Wednesday during the tripartite committee meeting that was resumed with organized labor.

The laborers left the virtual gathering since they didn’t agree.

Attending the conference, a labor leader voiced his dissatisfaction with the Federal Government’s stance on paying workers a decent wage.

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“What the government has presented to us is a wage reduction. This government is not serious about giving workers a living wage,” the labour leader who did not want his name mentioned said.

President Bola Tinubu assured workers that their days of waiting for a living wage were gone during the May Day celebration by promising them one.

The NLC and TUC suggested a minimum salary of N615,000, using the high cost of living as their benchmark.

The Nigeria Employers’ Consultative Association, or NECA, announced N54,000 as the new minimum salary during the meeting on Wednesday. Previously, the organization stated that the lowest paid employee in the private sector was paid N78,000.

Reacting, Sani posted on X: “48k minimum wage is an Almajiri offer to Labour; but quarter moi moi is better than none.”

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Nigerian Govt Is Not Addressing Artificial Fuel Scarcity and Insecurity – CLO

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Nigerian Govt Is Not Addressing Artificial Fuel Scarcity and Insecurity – CLO

The Federal Government did not go far enough, according to the Civil Liberties Organization (CLO) on Thursday in Akwa Ibom State, to bring down the fraudulent actions of fuel marketers, which have kept gas prices high in various regions of the nation.

Additionally, it demanded that the Akwa Ibom State Government and the National Youth Service Corps, or NYSC, management step up efforts to guarantee the release of the remaining Corps members who are being held captive in Zamfara State by kidnappers.

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Following the organization’s monthly meeting, the state chairman, Barr Godknows Njoku, and vice chairman, Comrade Eridiong Obong, signed a statement describing the marketers’ actions as economic sabotage.

The statement expressed regret over the Federal Government’s apparent lack of commitment to regulating the actions of middlemen and other downstream sector operators.

It further stated that this has resulted in marketers manipulating the legal system by inventing circumstances to drive up the price of the commodity.

CLO claims that if the situation is allowed to worsen, Nigerians may experience even more agony, and their already impoverished and suffering populace may take to the streets in large numbers.

It said it was a disgrace to the nation that the kidnappers of the prospective NYSC members from Akwa Ibom were still holding them captive in Zamfara, more than a year after they were kidnapped, and it urged security services and the state government of Akwa Ibom to step up their efforts to swiftly free the remaining hostages.

The Corporate Affairs Commission (CAC) recently announced new rules addressing Point of Sale (POS) operator registration. The CLO claimed that these guidelines were inappropriate and insensitive, and they called on the federal government to halt the activity and permit the current regulations with banks.

It went on to say that any additional fees imposed on the operators will just make matters worse for Nigerians by raising the already excessive withdrawal fees.

With current government policies already choking the downtrodden, the organization labeled the latest regulations released by CAC as insensitive and an additional attempt to mistreat poor Nigerians who have kept continuing to get poorer due to the poor handling and leadership of the economy by successive federal administrations.

 

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