- The Ikeja Electricity Distribution Company recorded the highest number of consumer complaints between January and March this year, figures contained in the third quarter report of the Nigerian Electricity Regulatory Commission have shown. Specifically, 30,084 customers tabled various complaints about the power distributor, accounting for 43.3 per cent of the total complaints recorded from the 11 electricity distribution companies captured in the report. According to NERC, Abuja Electricity Distribution Company recorded the second highest number of consumer complaints during the period, with a total of 9,710 cases. Yola Electricity Distribution Company had the least number of complaints at 1,088.
- In a letter to the Nigerian Stock Exchange informing the bourse of the fine and its position on the developments leading to the imposition of the fine, Guinness Nigeria has said that there is no legal basis for the payment of the
N1bn fine imposed on it by the National Agency for Food and Drug Administration and Control. Guinness said, “We do not understand the basis for the computation of the administrative charges nor the particular regulations alleged to have been infringed, and had expected that our discussions with NAFDAC would give us better clarity on the issue and hopefully help its resolution”.
- The President of the Shippers’ Association of Lagos, Mr. Jonathan Nicol, says that Nigeria loses no less than
N800 million annually as a result of restriction on vehicles import into the country. The import restriction was part of the provisions of the National Auto Policy, aimed at encouraging local production of vehicles in Nigeria. Though the policy was meant to encourage local production, Nicol says the policy is impacting negatively on the maritime industry. He therefore called on the federal government to discontinue the implementation of the provisions of the policy “until Nigeria is ripe enough to produce her own vehicles.”
- Former Minister of Power Barth Nnaji has told a Senate ad hoc committee that the nation was still experiencing epileptic electricity supply because the regulatory agencies had failed to carry out necessary enforcement and discipline. Despite huge resources channelled into the sector over the years, Nigerians were still not enjoying adequate supply. He pointed out that about half of the power being produced by the various generating companies was getting to the consumers as a result of poor transmission, which was as a result of inefficient regulation by the concerned government agency. “It is an incredible inefficiency in the power system that must be cured”, he said.