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NERC Releases Regulations On Direct Power Purchase

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The Nigerian Electricity Regulatory Commission (NERC) has released  regulations to guide  the implementation of the customer eligibility in the Nigerian Electricity Supply Industry (NESI).
The Minster of Power, Works and  Housing, Mr Babatunde Fashola while receiving  the regulations in Abuja said declaration of customer  eligibility would  help  improve capacity  for distribution of electricity to eligible  consumers.
Fashola had on May 15, declared four categories of eligible customers in NESI.
The declaration, which permits some categories of electricity customers to buy power directly from the generation companies, was  in line with the provisions of Section 27 of the Electric Power Sector Reform Act 2005.
The section enabled eligible customers to buy power from a licensee other than electricity distribution companies.
“ Let me recap again, you are the statutory umpire to this sector; you make the rules; you proscribe the sanctions and you implement them.
“Our role as a ministry is to make policy statements; as long as I am here, I will ensure that your independence on making of rules remain unhindered.”
He  said  the  presentation of the  much  awaited  document  would  further  help improve the  distribution  of power for consumers who needed them.
He also explained that consumers who were also ready to make investment in  providing distribution assets by themselves  in a way to recover their cost could now embark on the process.
“ I know that consumers will be affected with regards to how they can  possibly build  out distribution assets  and how  they can get compensated.
“So members of the  public  must therefore know that weather it is tariff setting, eligible  customer declaration,  NERC first did consultation before it made decision so that all the  interest  are carried on as much as  possible.”
Fashola , who commended NERC for  turning out the regulation, said that the much awaited regulation by Nigerians was  the regulation on licensing  meter service providers.
“ While this is the much welcome regulation, I think the regulation that everybody is waiting for is the regulation of meters.
“I hope that in a couple of days,  you probably will be able to share that with us; members of the public are waiting.
“It will  be a good thing, if we can complete  the metering regulation  before this month is over and see  how quickly it can stimulate   the licensing of meter suppliers and ultimately to consumers .”
He said  that  the  provision of the regulations and other giant strides being recorded in the sector were  part of the implementation of the  power sector recovery plan.
Earlier, the Vice –Chairman of NERC, Mr Sanusi Garba, said it had carried out consultations  in the six geo-political zones of the country to get  inputs of stakeholders and Nigerians.
He also said that the regulation  had inputs from the technical support from USAID before approving the regulation.
The 33-page customer eligibility  regulations  document  is designed to facilitate competition in the supply of electricity, promote rapid expansion of generation capacity and open up a window for improvement in quality of supply.
It also has the objective to encourage the opening up of third party access to transmission and distribution  infrastructure, among other objectives.

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FG Approves 4 New Channel Management Firms For Seaports

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The Federal Executive Council (FEC) has approved four new channel management companies for seaports across the country in a move aimed at improving vessel navigation and port operations.
Speaking at the recently concluded Annual General Meeting of the Nigerian Association of Master Mariners (NAMM), former General Manager, Marine and Operations, Capt. Ebubeogu Ihenacho, disclosed that there would be changes in the ownership of the Lagos Channel Management Company Limited and the Bonny Channel Management Company.
According to Ihenacho, the four channels serving Nigeria’s major port clusters will have different channel management companies as approved by the FEC.
He said a new company had been approved to manage the Lagos port channel, with a change of name, while the Calabar Channel would be managed by the Calabar Channel Management Company.
He added that Bonny Channel Management Company had also undergone a change of ownership.
On the Warri Channel, Ihenacho said the Federal Government had approved China Harbour Engineering Company (CHEC) and two other companies to form a consortium to manage the Escravos Channel.
He said: “For Warri, it was approved for China Harbour Engineering Company, CHEC, and two other companies, who would now form a consortium.
That consortium will now form a Special Purpose Vehicle (SPV) with the Nigerian Ports Authority to manage the Escravos Channel.”
Recall that the management of the NPA had declined to renew the concessions of the Lagos Channel Management Company Limited and the Bonny Channel Management Company, opting instead for six-month extensions of the existing arrangements.
By; Enoch Epelle
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RIRS Warns Against Unauthorised Tax Collection

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The Rivers State Internal Revenue Service (RIRS) has warned motorists, transport operators and business owners against paying taxes, levies or charges to Unauthorised persons and organisations, insisting that only the Service and its duly appointed agents are legally empowered to collect taxes on behalf of the state government.
The Service gave the warning in a public notice dated October 21, 2026, signed by its Executive Chairman, Sir Israel O. Egbunefu, FCTI, in which it clarified that the Rivers State Ministry of Transport was not authorised by the state government to collect road tax or any other tax, levy or charge from motorists and transport operators.
RIRS also specifically disowned Explore Strategic Alliance Ltd, located at No. 7 Rumuodaolu Market Road, Port Harcourt, declaring the company had not been appointed or authorised by either the state government or the Service to collect Motor Vehicle Transport (MOT) tickets or any other tax on its behalf.
The revenue agency consequently cautioned members of the public against making payments to the company or any of its staff, stressing that anyone who ignored the warning would do so at their own risk.
It reaffirmed that only the legally authorised agency responsible for tax collection in Rivers State and the appointed agents that would carry out such duties in accordance with the law.
The Service urged taxpayers to demand official identification from anyone claiming to be its tax agent and verify the person’s credentials directly with RIRS before making payments.
It further warned that individuals or groups found impersonating tax consultants, agents or their representatives to collect Unauthorised taxes would be arrested and prosecuted in accordance with the law.
RIRS also called on members of the public to report suspicious persons and activities relating to Unauthorised tax collection to the Service for appropriate action.
The agency advised taxpayers seeking clarification or assistance to visit any of its offices or contact it through its official email address, info@riversbirs.gov.ng.
The Service reiterated its commitment to protecting taxpayers, promoting voluntary compliance and safeguarding the integrity of tax administration in Rivers State.
By: King Onunwor
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Bayelsa consumers Groan  Over Inflation As Traders Remain Helpless Over Low Patronage 

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Consumers and traders at the Swali ultramodern market in Yenagoa, capital of Bayelsa State have continued to groan over high prices of commodities and poor Patronage due to cost-push inflation.
The Tide reports that in the past weeks prices of goods and services in Yenagoa metropolis has experienced increase.
Notable services like transportation have also increased  lately due to increase in the pump price of fuel that has recently further exacerbated inflation in the prices of staple foods like rice, beans, garri and others.
Speaking with The Tide on a market survey, a trader, Mrs Tovie Barakabo said a bag of bean which sold between N120,000-N130, 000 now goes for N140,000-N145,000.
Mrs Barakabo also hinted that the only commodities whose price has not gone up was price of millet which sells N60,000, while big bag of garri now sells for N30,000.
The Tide further gathered from other inside Source that 25 litres of Kings cooking oil currently sells N75,000 as against the former price of N57,000.
Other commodities such as delicious vegetable oil  now goes for N68,000, Pure vegetable oil currently goes for N66, 000, while spaghetti is now N18,800 per bag.
The market survey also discovered that Sonnia tomato mix sells N75,609, while a big and small basket of fresh tomatoes are sold for N30,000 and N6,500 respectively.
A disappointed custom, Mrs Juliet Domo who fielded questions from The Tide expressed her worries over the inflation, calling on government to take decisive stands against inflation.
By: Ariwera Ibibo-Howells, Yenagoa
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