A huge thank you to all the 2,000,000 🤭 people following me. I’m so grateful.
I started tweeting about financial literacy on this app and went on to build a community for adults. Based on demand, we launched a financial literacy app and tools for children. We want to catch them young.
Join us on https://t.co/eHqvJVnVTM
Pls kindly RT and share this with other parents.
President Bola Tinubu yesterday (June 26, 2024) signed 4 critical tax reform bills into law, marking a new era for individuals & businesses.
This isn't just about revenue; it's about simplifying, fairness, and compliance.
Let's break down the details! 👇
@akintunero That's the fault of the people cooking it jor. The only thing I want removed is sausage 😔. Shrimp, prawn, gizzard, stick meat, turkey, snail and chicken are all welcome 😁
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 https://t.co/0Z25vKqcau.
#NERC #Electricity #Regulation #ElectricityAct #Lagos #LASERC #TransferOrder @EKEDP@IkejaElectric
We think that all memory is stored in the brain. But our study published today in @NatureComms shows that all cells—even kidney cells—can count, detect patterns, store memories, and do so similarly to brain cells. My first (co)corresponding author paper!🧵https://t.co/biaahYiPRW
"The number one enemy you have to defeat is fear. Right after that, is greed. The final enemy and the hardest to defeat is your own self. If a man can defeat all three, he becomes almost god-like in his mastery of the world around him."