7000 blocks, 250 bags of cements, 100 loads of sand, 80 tons of granite & 200 iron rods can get you simple 5 bedroom duplex.
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Imisi Blord The Federal Government Try Grok Image #TachaGWR Kano Pillars Benz Ila of Lagos #SynergyAwards2025 Benin
Broke parents raise broke kids.
Here are 10 things rich parents teach their kids, that poor parents usually don’t.
The real difference between a Nepo Baby and a Lapo Baby.
Drake is now set to become the artist with the most diamond certified singles in HISTORY (15)
💎 The Motto (eligible)
💎 Started From The Bottom (eligible)
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💎 Hold On We're Going Home (eligible)
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💎 One Dance
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💎 Love Me
💎 No Guidance
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
Tpain has gone 17 months or 35.41% of his tenure & not done a single structured media interview, at home or abroad.
In that time he’s managed to increase inflation by 33%, ballooned the national debt by over 20%, wiped off 75% of Naira’s value, & shrank the GDP by over 50%
I just want this suffering to get to the trenches and remote areas so that your "omo eni ò lè sèdí bèbèrè" uncles and aunties can know that you can collect rice with indomie from politicians and still vote the right people.
T-pain....raise am raise am💃💃💃
In T-Pain’s economy;
We buy oranges the price we used to buy apples.
Buy apples the price we used to buy Bread.
Buy bread the price we used to buy cake.
Buy cake the price we used to do party.
Buy phone the price we used to buy cars.
Buy cars the price we used to buy houses.