Business
Edo, BEDC Disagree Over Power Outage In 444 Communities
No fewer than 444 communities, spread across the 18 local government areas of Edo State are without electricity, the State Commissioner for Energy and Water Resources Mr Yekini Idaiye, says.
Idaye made the disclosure in an interview with newsmen ` in Benin last Saturday.
He said from the figure, 157 communities were yet to be connected to the national grid.
The commissioner explained that about 32 of the communities were disconnected by the Benin Electricity Distribution Company (BEDC), while 145 communities had faulty transformers.
Idaiye, in addition, said another 110 communities required network rehabilitation.
While expressing the government’s commitment to ensure every communities in the state is electrified, he stated that Orhionmwon, Uhunmwode and Ovia North East council areas, were the worst hit.
“Indeed, the government is very much worried with this development and has taken a position by setting up “Ward Development Committees” whose mandate is to identify the problem being faced by the communities.
“The committee which is made up of 10 persons per ward also has the mandate of identifying the priority needs of a particular community or ward.
Idaiye said members of the ward committees were drawn from the traditional and religious leaders as well as politicians.
“As you may have rightly guessed, electricity which happens to be one of the priority needs, is been accorded a priority by the state government,” he said.
Idaiye noted that the challenges are age-long and regretted that the Benin Electricity Distribution Company (BEDC), have failed to be alive to its responsibility in ensuring an effective power supply.
According to him, the BEDC is not helping matter, it is their statutory responsibility to provide electricity and they are not meeting up with this responsibility.
“We have met severally on this issue, yet they are not forthcoming”, he said.
In a swift reaction, the BEDC denied ever disconnecting any community in the state and expressed doubt that over 440 communities were without electricity in Edo.
The Company’s Chief State Head, Mr Fidelis Obishai, said that issues of decaying infrastructure are age-long and was inherited by the utility company.
He stated that the BEDC which had since taken over the asset and liability of the defunct PHCN in November 2013, had carried out, and still carrying out, network rehabilitation as well as changed no fewer than 150 transformers in Edo alone.
“To start with, I do not quite agree with the number of communities, the question is, how many communities do you have in Edo that you will have such a figure without electricity?
“On this issue of disconnecting some communities and those with faulty transformers, we do not just go about disconnecting people or communities, rather, they naturally disconnect themselves.
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
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