Connect with us

General

Electricity Distributors Blast Obaseki for Humiliating BEDC Boss

Published

on

Electricity Distributors Blast Obaseki for Humiliating BEDC Boss

By Modupe Gbadeyanka

Governor Godwin Obaseki of Edo State has been slammed for the treated he meted out to the Managing Director of Benin Electricity Distribution Company (BEDC) Mrs Funke Osibodu, recently at the Government House.

During a meeting with members of the National Assembly this week, the Governor ordered Mrs Osibodu and her colleagues out of his office, claiming her company has plunged the state into total darkness.

Reacting to the matter, the Association of Nigerian Electricity Distributors (ANED) said in a statement that it was wrong for Mr Obaseki to pour his anger on the BEDC chief.

The Executive Director for Research and Advocacy at ANED, Mr Sunday Oduntan, said, “What is most unfortunate about the whole episode is that there is a misunderstanding about how the power sector works and this has led to the Governor’s unfair expectations from BEDC.

“I cannot also rule out with the upcoming elections and everyone looking for scapegoats, that local politics may be involved in this case and that is highly unfortunate.”

While educating the Governor on his claim that Edo State generates over 600MW and as such should not be encountering power supply challenges, Mr Oduntan stressed that Mr Obaseki “needs to understand that the power generated at Azura or any other power plant in the country for that matter is first sent to the national grid from where it is redistributed to different DisCos for distribution to customers.

“Benin DisCo is only entitled to 9 percent of the power sent out from the national grid so it is clear that the DisCo does not have the power to retain the 600MW generated by Azura.

“More interestingly is the fact that out of this 9 percent, over 40 percent of it is distributed within Edo State as the host community of the DisCo. The other three states in the franchise area; Delta, Ekiti and Ondo States, share the remaining 60 percent.

“You can clearly see therefore that Edo state enjoys the lion share of what the DisCo gets already. To allocate more to Edo, which is what the Governor is advocating for, will be grossly unfair to the other states.”

Mr Oduntan also mentioned it is unfair to attack a DisCo that is on record as having the highest number of pre-paid meters in the country all in a bid to ensure customers get value for their money as well as to end the practise of estimated billing within its franchise area.

An earlier released statement by BEDC reported that the company had completed plans to roll more pre-paid meters with effect from first quarter of 2019 under the Meter Asset Provider (MAP) programme of the Nigerian Electricity Regulatory omission (NERC) to further accelerate the metering of consumers.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Continue Reading
Click to comment

Leave a Reply

General

ICAN, BOI Partner to Drive Stakeholders Inclusion in Tech

Published

on

ICAN BoI Tech Hub

By Adedapo Adesanya

The Institute of Chartered Accountants of Nigeria (ICAN) and the Bank of Industry (BOI) have strategically inaugurated an ICAN-BOI Tech Hub that will promote job creation, entrepreneurship and skill development in the technology space.

This was the central point of the tech hub inaugurated on Tuesday at the ICAN annexe office in Lagos which will ensure that members of the institute and the public can access the necessary skills and competencies required to become job creators and productive contributors in today’s tech-savvy world.

According to the Managing Director of BOI, Mr Olukayode Pitan, the project was necessary, given the increasing importance of technology to development and youth empowerment.

Mr Pitan said the dominant role of technology in many professions, including accountancy, had transformed the way businesses operated, resulting in improved efficiency, cost-saving, and simplified processes.

“The tech hub shall encourage development and testing of new ideas, products and business models as well as create an environment to prepare for start-ups and existing businesses for sustainability.

“It also aims at boosting business mentorship, market linkages and accelerated programmes to enable young entrepreneurs to scale up.

“Technology, innovation and entrepreneurship are key factors shaping global trends and there is a need to continually scale up on them for our national economic growth and development,” he said.

The BOI boss noted that young people were embracing an entrepreneurship mindset and technological skills, which had resulted in the provision of innovative solutions servicing millions of people in diverse sectors.

According to him, the Information and Communication Technology (ICT) sector contributed 14.7 per cent to the gross domestic product in 2020 and increased to 15.21 per cent in 2021.

“We can see a perfect example of the value of tech hubs when we consider Silicon Valley, which is one of the earliest tech hubs in the world.

“It houses the headquarters of many of the world’s largest high tech operations as well as thousands of promising start-ups and we have started on that journey here in Nigeria.

“Nigerian Fintechs are fast gaining recognition globally. In 2021, Nigerian FinTech start-ups raised about $1.37 billion out of a total of $4 billion raised by African start-ups despite the COVID-19 pandemic.

“In Nigeria, we can boast of having technologically-driven products and services such as Flutterwave, Opay, Andela, Interswitch and Jumia.

“This shows the growing significance of ICT in driving the economy,” he added.

Mr Pitan also added that the BOI, through its corporate social responsibility programmes, would proactively continue to support the establishment of tech hubs across the country.

He said the ICAN-BOI tech hub collaboration brought the total tech hubs established by BOI to 10 in six states across the country.

“Structurally, the ICAN-BOI tech hub boasts of over 250 co-work desks, meeting rooms, private offices, a relaxation centre and a hybrid area for organising competitions and hackathons.

“In collaboration with ICAN, we have made provisions for all divider networks, IT equipment, power supply and all required to enable the hub function at optimal capacity.

“The bank is committed to making all its financing products and services available to bankable projects that emanate from users of the tech hub.

“We are confident that this hub will help users to innovate, incubate, collaborate and scale up as they become employers of labour and contributors to the economy of the nation,” he said.

The 57th ICAN President, Mrs Comfort Eyitayo, adding her input said the hub was positioned to empower users through different stages from idea generation to actualisation of products or services.

Mr Eyitayo expressed gratitude to the management of BOI for partnering with the institute to ensure members and youths were equipped with the necessary skills for economic growth and development.

On his part, the ICAN Registrar, Professor Ahmed Kumshe, commended Eyitayo, who through the ICAN Entrepreneurship Development Centre initiative brought about the partnership with BOI that resulted in the establishment of the tech hub.

He urged the institute to enlighten members and students to maximise the benefits of the hub since technology had taken over every aspect of life, especially in finance.

Continue Reading

General

Lagos Guber: Group Alleges Plot to Disqualify Mustapha

Published

on

disqualify Mustapha Olorunfemi

By Modupe Gbadeyanka

There is a plot to disqualify a former permanent secretary in the Lagos civil service, Mr Olorunfemi Mustapha by the screening committee of the All Progressives Congress (APC) ahead of the 2023 governorship election in the state, a support group known as Mustapha4Lagos Agenda has alleged.

The body, which is working for the actualisation of the gubernatorial ambition of the gubernatorial aspirant, claimed that the reason for the plan to disqualify Mustapha is to give the incumbent Governor of Lagos State, Mr Babajide Sanwo-Olu, an easy ride to the government house next year.

Mr Sanwo-Olu wants to serve the state for another term of four years when his current tenure expires on May 20, 2023, but Mr Mustapha also wants the position. However, he must get the party’s ticket to unseat the Governor or go to another party to contest against him.

In a statement issued on Thursday, the head of Mustapha4Lagos Agenda, Bukola Ogundipe, claimed that the strategy is to screen out Mr Mustapha today as he is regarded as one of the biggest threats to Mr Sanwo-Olu.

The group revealed that the politician’s legal team is meeting with the national body of the party to quash the plot.

“We have uncovered a plot to disqualify our aspirant from the race; they know that the only way they can stop Mustapha from getting the party ticket is to make sure he doesn’t participate in the primary.

“Let us forget about the noise they are making, he is the man to beat. We are very certain that their plot will not see the light of the day because Mustapha is clean and meets all the criteria required by the constitution of our party and the guidelines for the elections,” Ogundipe said.

“As we speak, our lawyers have met with the leadership of our party in Abuja to make sure that this evil plot does not see the light of the day. The national body must step up and quash this evil plan.

“Sanwo-Olu has been throwing money around, spending billions to buy people but this is about the future of our state and the leadership of our party in Lagos knows that we can’t continue with the abysmal performance of the incumbent,” Ogundipe added.

Continue Reading

General

80% of Buhari’s Ministers, Appointees Grossly Incompetent—CNPP

Published

on

buhari broadcast

By Aduragbemi Omiyale

The Conference of Nigeria Political Parties (CNPP) has claimed that 80 per cent of the Ministers and appointees of President Muhammadu Buhari are grossly incompetent.

The group, which made this claim in a statement signed by its Secretary General, Mr Willy Ezugwu, on Tuesday, called for an overhaul of the cabinet and an injection of fresh hands.

“It is about time President Muhammadu Buhari overhauled his cabinet and injected fresh hands with new ideas into the federal cabinet to redeem his image within the remaining one year of his administration.

“By our several assessments, at least, 80 per cent of President Buhari’s ministers and appointees have proved to be grossly incompetent in the last seven years.

“Worse still, many of the appointees swim in unprecedented corruption that was unimaginable even in the years of the Peoples Democratic Party (PDP) governments.

“President Buhari as a former Head of State could not afford about N53 million presidential nomination forms seven years ago and the ease with which virtually all his ministers bought the exorbitant presidential and governorship forms of the ruling All Progressives Congress (APC) should be the clearest signal that most of the presidential appointees have been corruptly enriching themselves.

“For us, the recent corruption case involving the country’s Accountant-General is one of the least among the appointees. And if a financial gatekeeper like the Accountant-General of the Federation can be involved in such a monumental fraud, then President Buhari’s administration has a lot of image redemption activities to carry out before 2023.

“This can be best achieved by the immediate replacement of most of the current ministers and appointees who have obviously not delivered meaningful democratic dividend since their appointment,” the CNPP stated.

Meanwhile, the group has applauded the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for withdrawing a suit he filed against the Independent National Electoral Commission (INEC) and the Attorney-General of the Federation (AGF) and Minister of Justice, Mr Abubakar Malami, over his alleged 2023 presidential ambition.

The central banker had approached the court to argue that the electoral body and the nation’s chief law officer do not have the right to stop him from becoming the president of Nigeria next year while still being in office as CBN governor.

After he could not submit his presidential forms procured for him from the APC, Mr Emefiele withdrew the suit from the court.

This action sweetened CNPP, which described it as “a step in the right direction,” commending the banker “for being a good listener and respecter of public opinion.”

In a statement signed by its Secretary General, Mr Willy Ezugwu, on Tuesday, the group also appealed to President Muhammadu Buhari to sack “incompetent and corrupt Ministers” in his cabinet.

Continue Reading

Latest News on Business Post

Like Our Facebook Page

%d bloggers like this: