Author: Rareview

...PR In line with his avowed commitment to establish a more efficient, targeted, and consistent approval process for unique oil and gas projects in the country, President Bola Tinubu has approved the appointment of Mr. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), as the Co-Chairman of the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). This is also to further ensure effective oversight of the gas aspect of the nation’s assets. The President remains committed to unlocking Nigeria’s immense gas potential to stimulate industrial development, job creation, and sustainable economic growth.

Engr. Felix Omatsola Ogbe, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), made this charge when he paid a visit to the Daewoo Galvanizing Plant situated at Abam –Ama, in Okrika Local Government Area of Rivers state, during the week. The galvanizing plant which is ready for commissioning was initiated on the back of the NLNG Train 7 project, boasting a load-out capacity of 10,000 metric tons and contributing to a total in-country capacity of 120,000 metric tons per year. Spanning an area of 87,000 square meters, the plant applies a protective zinc coating to steel, serving to safeguard against corrosion. This application is particularly significant in the oil and gas sector, where it aids in the resilience of equipment against harsh environmental cond...

By Ono Yima The Nigeria Electricity Regulatory Commission (NERC) has transferred the regulatory oversight of the Electricity Market in Enugu State to Enugu Electricity Regulatory Commission (EERC). NERC did this in reliance on the Electricity Act 2023 (Amended). 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. It should be noted that Ekiti State had earlier been granted same. The regulatory oversight function is to be performed in Ekiti by Ekiti Electricity Regulatory Board (EERB). The full details of NERC Approvals, conveying the regulatory function to Enugu Stat...

By Ono Yima The Federal Government plans to further unbundle the electricity distribution companies (DISCOs) in the countries. According to the Minister of Power, Adebayo Adelabu, their coverage areas are too big, which makes them practically impossible to manage. He further said that the operation of our power sector has been left in the hands of the private sector and they have messed it up. He revealed that part of the plan underway is to franchise unserved areas under the DISCOs. “We are unbundling the Discos along state lines. Some of the Discos are too big for efficiency. They are too big for effectiveness. Ibadan Disco covers seven states. It is practically impossible for them to be efficient. “So we are rearranging and restructuring the Discos along state lines so that ...