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‘No Prepaid Meter, No Electricity Supply’

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6 years ago

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The management of Ikeja Electric has warned that consumers who fail to procure prepaid meters would no longer enjoy electricity supply.
Chief Executive Officer of Ikeja Electric, Mr Antnony Youdeowei, handed down the warning at the launch of its Meter Asset Provider (MAP) scheme in Ikorodu, Lagos.
The CEO who was represented at the flag-off ceremony by the Acting Chief Commercial Officer, Mr Ugochukwu Obi-Chukwu, said the Nigerian Electricity Regulatory Commission (NERC) mandate was for every Disco to meter all consumers under its network, saying Ikeja Disco was all out to carry out effective implementation of the directive.
MAP is a NERC approved meter vendor whose responsibility is to fund, procure and install meters on behalf of an electricity distribution company. Under the MAP regulation, they are also expected to maintain and ensure the integrity of the meters.
Obi-Chukwu, explained that CIG Metering Assets Nigeria Limited, New Hampshire Capital Limited and Mojec International Limited have been licensed by NERC to procure and install meters for IE customers under the MAP scheme.
He said contrary to insinuations that prepaid meters are free, Obi-Chukwu disclosed that procurement of same remained the responsibility of electricity consumers while customers applying for prepaid meters are expected to register.
Giving a breakdown of the cost implication, he said a single phase meter is N38,850 while a three phase meter would cost N70,350 inclusive of five percent Value Added Tax (VAT) of N1,850 and N3,350 respectively.
He disclosed that the target of Ikeja Electric was to meter about 30,000 consumers monthly which will be in phases, starting with customers under Shomolu, Abule-Egba and Ikorodu Business Units.
According to him, the deployment and installation of prepaid meters to customers in Ikorodu, which will be carried out by one of its MAPs, New Hampshire Capital limited, will commence on June 17th 2019 following the successful registration and subscription for meters by thousands of customers spread across Ikorodu and Epe.

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Mile 2-Jetty Toxic Leakage: SEREC Worries Over Environmental Pollution 

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3 hours ago

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October 12, 2025

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The Sea Empowerment and Research Center (SEREC) has raised alarm over the environmental pollution at Mile 2 Jetty following a sunken barge which cargo is leaking.
SEREC noted that the sunken barge has led to chemical pollution at the Mile 2 Jetty adding that the continued rainfall has worsened toxic leakage into the waterways, threatening marine life and public health.
In a Press Statement, the Head of Research, SEREC, Dr. Eugene Nweke, said the incident calls for immediate institutional reform of Nigeria’s barge operations.
According to him, independent findings showed that industrial chemicals stacked at a “shipping terminal and nearby bridge locations have been seeping into surrounding waters, with minimal visible regulatory response”.
He said the development was a wake-up call to strengthen the governance and administrative architecture of Nigeria’s barge operations adding that they are currently weakly coordinated across multiple agencies.
This, he said, has left gaps in safety enforcement, vessel standards, environmental control as well as emergency response.
In direct response to this and similar recurring incidents, SEREC strongly advocates the creation of a Directorate of Barge Operations and Logistics Services (DBOLS) within the Ministry of Marine and Blue Economy to be headed by a Director and operationally driven by a Deputy Director of Barge Operations and Logistics Services.
This specialized Directorate would, “Enforce mandatory registration, inspection and certification of all commercial barges and tugs operating along Nigerian inland and coastal routes.
“Institute safety, loading, and environmental standards for barge construction, cargo handling and waste management.
“Develop digital traffic monitoring systems (AIS/GPS) for barge movements to prevent congestion and accidents”, Nweke said
By: Nkpemenyie Mcdominic, Lagos
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“FCCPC Approves Sale Of Chivita|Hollandia To UAC Nigeria PLC 

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7 days ago

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October 6, 2025

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UAC of Nigeria PLC (UAC) has announced the completion of it’s in a press release on October 3, 2025, that it has completed the acquisition of Chivita|Hollandia (CHI Limited), following approval from the Federal Competition and Consumer Protection Commission (FCCPC).
Revealing this in a Press Release, at the Weekend, UAC said the transaction, first disclosed on July 30, 2025, involved the transfer of ownership of CHI Limited, a leading Nigerian food and beverage company best known for its market-dominant Chivita juice and Hollandia dairy brands, to UAC.
Commenting on the development, the Managing Director, CHI Limited, Eelco Weber, expressed optimism in the company’s future under UAC’s ownership.
“We are pleased to have received regulatory approval for this transaction. We look forward to a smooth transition and to seeing Chivita|Hollandia thrive under UAC’s ownership,” he said.
Group Managing Director of UAC, Fola Aiyesimoju, highlighted the strategic importance of the acquisition saying “We are excited to officially welcome the Chivita|Hollandia team and brands into the UAC family, and we are eager to work together to build on their strong legacy and market leadership”.
The acquisition is expected to strengthen UAC’s position in Nigeria’s fast-moving consumer goods (FMCG) sector, expanding its footprint into the growing juice and dairy markets.
UAC further said that the acquisition aligned with its growth agenda by adding two market-leading brands and a well-established distribution network to its por.
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PenCom Reintroduces Gratuity For Federal Civil Servants

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7 days ago

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October 6, 2025

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The National Pension Commission has said it has deployed a framework to restore gratuity for Federal Civil Service under the Contributory Pension Scheme.
Director-General of PenCom, Omolola Oloworaran, disclosed this at a Stakeholders’ Conference on the Workings of the Contributory Pension Scheme (CPS) for Employees and Pensioners of Federal Government Treasury-Funded Ministries, Departments and Agencies, in Abuja, last Thursday.
Represented by the Acting Commissioner, Technical, PenCom, Hon. Hafiz Kawu Ibrahim, Oloworaran said, “Working with the office of the Head of the Civil Service, a framework has been developed to restore gratuity benefits for federal workers under CPS, in line with Section 4(4) of the PRA 2014.”
The PenCom DG added that “PenCom has enhanced pensions for over 241,000 retirees, representing 80% of those under Programmed Withdrawal. Monthly pensions rose from N12.157 billion to N14.837 billion, effective June 2025.
“Also, since July 2025, no retiree waits to access their pensions. Payments are now immediate, aligned with monthly salary releases from the Federal Ministry of Finance”.
Also speaking, the Chairman of the National Salaries, Income and Wages Commission, Ekpo Nta, stated that the Commission would partner PenCom to examine the current rate of retirement benefits and recommend appropriate mechanisms for periodic reviews of retirement benefits.
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