Business
NERC Allays Fear Of Meter Importation
The Chairman and
Chief Executive Officer of The Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi, has said that the commission will not allow the importation of electricity metres into the country, so long as local manufacturers have the capacity to meet demand.
Amadi, who came up with this recently in Lagos at the 6th Annual Distinguished Lecture of the Nigerian Institute of Quantity Surveyors, Lagos chapter said NERC will only import when there was enough proof that local manufacturers could not meet the demand “as we are committed to enhancing local production.”
Some of the local meter manufacturers are Momas Electricity Meters Manufacturing Company Limited and Electricity Meter Company of Nigeria which are poised to meet the pent-up demand in the country, according to the Electricity Meter Manufacturer Association of Nigeria.
Commenting on complaints of non-deployment of prepaid meters by the Electricity Distribution Companies (DISCOS) the NERC boss said the commencement of the transitional electricity market later in the year would force the private sector investors who acquired the successor power companies late last year to live up to the expectation and performance agreements they signed with the government.
Based on the proposals submitted by the core investors in the Discos, 6.52 million new meters would be installed over the course of five years, meaning more than one million would be installed yearly.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
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