Insecurity: FG approves National Centre for the Control of Small Arms and Light Weapons

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The Nigerian Electricity Regulatory Commission (NERC) introduced it has authorised the sum of N121.92 billion for Ikeja Electric Plc infrastructure improve for the subsequent 5 years and likewise N93.76 billion for Eko Electricity Distribution Company (EKEDC) infrastructure upgrades inside the similar interval.

The NERC disclosed this in its Performance Improvement Plan (PIP) and Extraordinary Tariff Review Application which was launched on Monday and signed by  NERC’s Chairman, Mr Sanusi Garba and Mr Dafe Akpeneye, Commissioner, Legal, Licensing and Compliance.

PIP and Capital Expenditure (CAPEX) programme is anticipated to take impact from July 1, 2021 to June 30, 2026.

The NERC mentioned the authorised upgrades would enhance the distribution of energy provide by the DisCos citing public listening to scrutiny in its PIP and Extraordinary tariff evaluate purposes in a bid to make sure accountability.

The authorised CAPEX for Ikeja Electric Plc could be N24.38 billion yearly from 2021 to 2026, whereas for Eko Electricity, it might be  N18.75 billion for a similar interval, totalling N93.76 billion.

The upgrades could be within the areas of current community capability, technological enhancements to cut back outages and acquisition of instruments to enhance community efficiency.

What it is best to know

Recall Nairametrics reported {that a} new Extraordinary Tariff Review Applications, 5-year Performance Improvement Plan (PIP) and Capital Expenditure, CAPEX, for the Electricity Distribution Companies (DisCos) was authorised by the NERC.

For the Abuja Electricity Distribution Company, AEDC, the corporate proposed to undertake quite a few interventions to enhance service supply to prospects. Over the subsequent 5 years, the proposed interventions will permit AEDC to attain substantial enchancment in service supply and improve the variety of new prospects from the present degree of 1,214,259 to three,450,695.

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