Business
NERC Urges Electricity Consumers To Demand Better Services
The Nigerian Electricity Regulatory Commission (NERC), has urged electricity consumers to follow due process to demand for better services from power distribution companies.
The NERC Commissioner, Customer Affairs, Dr Abba Ibrahim, said this on Tuesday at the inauguration of an electricity complaints office in Kano.
He said that the office would help to resolve customers complaints that were not resolved by the companies.
“Before coming to the level of the forum, customers must first report any grievance to the customer complaint unit of the Distribution company.
“When the customer is not satisfied with the forum resolution, an appeal can be forwarded to the commission for consideration.
“All these we are doing to ensure that the electricity end users get a say in the new reforms and roadmap on electricity being implemented by the present administration.’’
Governor Musa Kwankwaso of Kano State, represented by the Secretary to the State Government, Dr Salihu Bichi, assured residents that the issue of adequate supply of electricity to the state was being addressed.
He said the state require not less than 500 megawatts as against the 100 megawatts being supplied presently.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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