Business
NERC Seeks Tertiary Institution’s Assistance To Improve Power Supply
The Chairman Nigerian Electricity Regulatory Commission (NERC) Prof James Momoh has called on tertiary institutions in Nigeria to carry out researches and innovations to improve power supply in the country .
Momoh made the call while delivering a Convocation Lecture titled “Reform of the Power Sector in Nigeria” at the African University of Science and Technology (AUST), Abuja over the weekend.
He said that the traditional way of operating the universities and colleges should be radically changed to support the sector through research and development.
“Capacity development, innovations and solution providing roles in partnership with other sister research centres is a sure way universities can make impacts on the power sector.
“Special courses and curriculum should be introduced to facilitate a unified knowledge approach towards finding sustainable solutions to existing and emerging demands of the power sector,” he said.
He listed areas of interest in the power sector where universities can leverage on to include; power policy research, design and installation training, smart metering, smart grid, techniques of data mining, among others.
Momoh said that proper policy, research, innovations, application of advanced technology, appropriate regulation and standard with optimised technology are all interconnected in determining the efficiency of the modern electric grid.
“The role of universities and research institutes in promoting efficient power generation, transmission, distribution, market and tariffs cannot be overemphasized,” he said.
Momoh stressed that the engagement of the tertiary institutions and research institutes in synergy with critical stakeholders is crucial to improving electricity supply in the country.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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