In March 2023 President Muhammadu Buhari signed a constitutional ammendment bill into law and part of the ammendments was that states could generate, transmit and distribute electricity in places that were covered by the National Grid.
In June 2023, President Tinubu signed an ammendment to the Electricity Act into law. The new law allows states to issue licenses to companies to generate, transmit and distribute electricity within their states. The law says that the states must first enact a law to regulate electricity generation, transmission and distribution before they can take over the regulatory functions of the NERC.
Transfer of Regulatory Oversight of the Electricity Market in Lagos State to LASERC
In compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended), the Nigerian Electricity Regulatory Commission (“NERC” or the “Commission”) has issued an order to transfer regulatory oversight of the electricity market in Lagos State from the Commission to the Lagos State Electricity Regulatory Commission (LASERC).
Recall that with the EA 2023, the Commission retains the role as a central regulator with regulatory oversight on the inter-state/international generation, transmission, supply, trading and system operations.
The EA also mandates any state that intends to establish and regulate intrastate electricity markets to deliver a formal notification of its processes and requests NERC to transfer regulatory authority over electricity operations in the state to the State Regulator.
Based on this, the Government of Lagos State complied with the conditions precedent in the laws, duly notified NERC and requested for the transfer of regulatory oversight of the intrastate electricity market in Lagos State.
The transfer Order by NERC has the following provisions:
- Direct Eko Electricity Distribution Plc (EKEDP) to incorporate a subsidiary (EKEDP SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Lagos State from EKEDP.
- EKEDP shall complete the incorporation of EKEDP SubCo within 60 days from 5th December 2024. The subcompany shall apply for and obtain licence for the intrastate supply and distribution of electricity from LASERC, among other directives.
- Direct Ikeja Electric Plc (IE) to incorporate a subsidiary (IE SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Lagos State from IE.
- IE shall complete the incorporation of IE SubCo within 60 days from 5th December 2024. The subcompany shall apply for and obtain licence for the intrastate supply and distribution of electricity from LASERC, among other directives.
All transfers envisaged by this order shall be completed by 4th June 2025.
Read the complete Order on the NERC website at nerc.gov.ng.
Manchester United and Argentina forward rewarded for his stunning strike against Everton in the English Premier League.
🔴Alejandro Garnacho’s overhead kick against Everton honoured
🔴Manchester United man edged out Yassine Benzia and Denis Omedi
🔴Garnacho recently spoke to FIFA about his poll-topping strike
The FIFA Puskás Award 2024 has been awarded to Alejandro Garnacho for his spectacular overhead kick against Everton in November 2023.
Garnacho drew gasps inside Everton’s Goodison Park stadium when he opened the scoring for Manchester United in astonishing style in the English Premier League showdown. Diogo Dalot’s lofted cross was slightly behind the Argentinian, but he launched himself into mid-air and sent a stunning overhead kick rocketing into Jordan Pickford’s goal.
“I had tried this technique so many times in training,” Garnacho told FIFA recently. “I thought, ‘This is the time to do it, to see what happens.' And I scored, so it was perfect!”
“After the goal, my team-mates had their hands on their heads. They were like, ‘How did you do this?”
The rising Argentina star’s stunning effort was nominated alongside ten other goals, and topped the poll among both fans and expert panellists, scoring a total of 26 points. Yassine Benzia finished second on 22 points, with Denis Omedi third on 16.
The FIFA Puskás Award recognises the most spectacular goal in men’s football across the qualification period for the prize, which was between 21 August 2023 and 10 August 2024. The award is named in honour of legendary Hungarian forward Ferenc Puskás, who was famed for his stunning collection of individual strikes.
How the FIFA Puskás Award winner was determined
From an initial 11-goal shortlist, the two voting groups – fans and a panel of FIFA Legends – voted for their first, second and third choices for the prize.
Points were given to nominees depending on where they were placed (five points for first, three for second and one for third).
Selections from the two voting groups each counted for 50 per cent of the total vote, irrespective of the number of voters from each group.
The Puskás Award was presented to the individual with the most points.
The voting procedure for the Puskás Award was supervised by independent observers.
Brazil great claims the crown for the best goal in women's football and lifts the award named after her.
🔴Marta makes more history with best goal honour
🔴Stunning effort against Jamaica in June recognised
🔴Brazil legend pipped Asisat Oshoala and Sakina Karchaoui to the prize
The first-ever FIFA Marta Award, introduced to recognise the best goal in women's football, has been won by the icon after whom the honour was named.
The 38-year-old Brazil legend, named the leading women’s player by FIFA on a record six occasions, earned the votes of fans and experts with a stunning solo effort in June of this year.
Two weeks before the curtain came down on her extraordinary international career after the Paris Olympics, she scored the final two of her 119 international goals and both were fabulous strikes; one a dipping free-kick and this a blast from a tight angle, between defenders, at the top of the box. That was after she’d left another opponent in her wake in a surging run to find the space for the shot; all hallmarks of one of the greats of the game.
Marta’s magnificent effort was nominated alongside ten others and edged out goals by Asisat Oshoala and Sakina Karchaoui , who finished with 20 and 16 scoring points respectively to the Brazilian's 22.
The FIFA Marta Award recognises the most spectacular goal in women’s football across the qualification period for the prize, which was between 21 August 2023 and 10 August 2024.
How the FIFA Marta Award winner was determined
From an initial 11-goal shortlist, the two voting groups – fans and a panel of FIFA Legends – voted for their first, second and third choices for the prize.
Points were given to nominees depending on where they were placed (five points for first, three for second and one for third).
Selections from the two voting groups each counted for 50 per cent of the total vote, irrespective of the number of voters from each group.
The Marta Award was presented to the individual with the most points.
The voting procedure for the Marta Award was supervised by independent observers.
Best goal in women's football: Brazil legend pips Barcelona alum Oshoala to Fifa Marta Award 2024
Barcelona alum Asisat Oshoala narrowly missed out on the prestigious FIFA Marta Award, which honours the best goal in women's football.
The award ceremony, held on Tuesday evening in Doha, saw Brazilian football legend Marta take home the accolade named after her, following a fierce competition.
Oshoala was nominated for her stunning bicycle kick goal for Barcelona against Benfica in the Champions League in November 2023.
The goal showcased her extraordinary skill and athleticism, earning her a well-deserved spot among the nominees.
However, the Nigerian forward fell just short of the title, receiving 20 votes compared to Marta's impressive 22 points.
Marta captured the award with a spectacular goal scored during an international friendly against Jamaica in June 2024.
Her strike was a masterclass in precision, taken from a tight angle between defenders at the edge of the box.
This moment of brilliance was further highlighted by the impressive run she made to create space for the shot, solidifying her status as one of the game's all-time greats.
The other players nominated for the award were Beth Mead, Delphine Cascarino, Marina Hegering, Sakina Karchaoui, Paulina Krumbiegel, Nina Matejic, Giuseppina Moraca, Mayra Pelayo, and Trinity Rodman.
I stopped reading his posts from the moment that he wrote that the CAF Awards and the Ballon d'Or Africain are the same thing, that it's just a name change and that it's like the Champions League and European Cup.
At that point I knew that nothing sensible could come from him and I began hitting the back button as soon as I saw his name on my mentions tab. I'm not going to read nonsense.
How can anyone say that CAF and France Football are the same??
🤣 Is that guy still deceiving himself that the CAF Awards and Ballon d'Or Africain are the same thing? Is he deceiving himself that France Football and CAF are the same? Is he still deceiving himself that I will read his posts (who reads the posts of someone that says that CAF and France Football are the same)?
naptu2: There actually was a time when you could justify the fact that the Nigerian currency was stronger than the Pounds Sterling and the US Dollar.
Nigeria produced a lot of agricultural products and raw materials. There was cocoa from the West, palm oil and coal from the East, groundnuts, leather, tin, textile, etc from the North and so on and so forth. Meanwhile Nigeria did not import that much. This was a time that massive urbanisation had not hit Nigeria and we did not desire to be "sophisticated". We wore clothes that were made in Nigeria, we ate food that was produced in Nigeria, very few people had cars and other foreign produced goods.
Then the oil boom came and people thought that farmers were backward. Everybody wanted to live in the big city, work in an air-conditioned office and buy foreign goods. That was the sign of sophistication.
So oil became our main export, in fact it seemed like we only earned from oil. Unfortunately this was the 1970s when the price of oil was high, so we thought that everything would be OK.
We also began making too many babies because life was good. Unlike the past when nature would have killed some of the babies, modern medicine ensured that they survived, but we didn't have the sense to control our population growth.
Of course the price of oil collapsed and oil has been less important since then.
We still continued to fool ourselves because the government used oil money to "defend the naira", until Babangida realised that this was not sustainable (we don't have money) and let the currency find its value (during SAP).
So we now have a large population of people who don't produce enough and who think that foreign goods are a great status symbol.
Yet people expect that we should have a strong currency.
They even expect the government to command the currency to be strong.
WHERE WILL WE GET THE MONEY TO DO THAT? HOW WILL WE SOLVE THE PROBLEM OF ROUNDTRIPPING? HOW WILL WE GET ACCESS TO SCARCE FOREIGN EXCHANGE?
I did this little exercise sometime in 1990, 1991, 1992 and 1993. I am not trying to make a 2024 edition, instead I am trying to remember all that I wrote back then.
The idea is simple. Countries need to sell things in order to make money, so what are the things/commodities and brands that each country sells in order to make money. That's the first aim.
Secondly, we are often told during the reforms/corrections that we need to be more productive and export. So where did Nigeria stand in this?
Thirdly, I had a friend back then who was always arguing that Italy was a third world country in Europe. I used this to prove to him that he was wrong (the south was poor and the north was rich, but products from the poor south are in this list).
I never knew then (almost 35 years ago) that this thing could be used in future to analyse the reforms of Babangida, Obasanjo and Tinubu. That will come in a separate post.
As you can see, I haven't finished it. I'll finish it later and post it again.
United States:
General Electric (the biggest company in the world), General Motors (the biggest car company in the world), Ford Motor Company, Chrysler Corporation, the Hollywood Industry, the television industry, Boeing, McDonnell Douglas, IBM, Sikorsky Helicopters, Mobil, Texaco, Gulf/Chevron, Esso, crude oil (Texas, Alaska, Louisiana), Coca-Cola, PepsiCo, Uncle Ben’s Rice, Wheat, Tourism (Hawaii, Las Vegas, etc.), Pan Am, TWA, American Airlines, Rank Xerox, Kodak, Heinz
Germany: Volkswagen, Daimler Benz, BMW, Adam Opel, Porsche, Siemens, Bosch, Grundig, Telefunken, Bayer, Hoescht, Julius Berger
United Kingdom: British Aerospace, Vickers, Rover/Land Rover, Vauxhall/Bedford, Jaguar/Aston Martin, Binatone, Shell, Unilever, Cadbury, British Petroleum, British Airways, Beecham,
I did this as a game back in 1990. I listed what each nation produced, the brands and multinationals that were domiciled in their countries, etc, Britain produces a lot in terms of goods and services and they do have a lot of multinationals. It is wrong to say that they produce nothing.
Motor cars: Rolls Royce, Bentley, Jaguar, Land Rover/Range Rover, Aston Martin, Lotus, TVR, Caterham, etc.
And it's not just British brands, do you know that the Toyota Avensis was produced in the UK, the European Toyota Corolla Station Wagon is produced in the UK.
Aerospace: Rolls Royce Engines, Airbus, BAE Systems, etc.
diamond68: Is it really by your productivity or by the size of your nuclear weapons ? What is Britain producing to have such a strong currency? What are they exporting ?
Britain produces a lot of things (both goods and services).
It's way too obvious that franvincoop's only purpose is to try and provoke me and he has failed.
However, let's ignore him and talk about facts.
Both the European Cup and the Champions League were/are organised by UEFA, were/are both the CAF African Player of the Year and the Ballon d'Or Africain organised by the same organisation?
What he is saying is almost like saying that the Ballon d'Or and the FIFA The Best Award are the same, but every sensible person knows that this is not true, Rodri won the 2024 Ballon d'Or while Vinicius Jr won the 2024 FIFA The Best Award.
Just like Abedi Pele won the 1993 Ballon d'Or Africain and Rashidi Yekini won the 1993 CAF Player of the Year award.
Why? Because the 2 awards are not the same. Every sensible person knows this and I don't need to waste my time arguing about it.
Politics › Re: NERC Transfers Regulatory Oversight To Lagos State by naptu2(op): 10:17am On Dec 19, 2024*. Modified: 10:36am On Dec 19, 2024
It's way too obvious that franvincoop's only purpose is to try and provoke me and he has failed.
