General
It’s Not Electricity Consumers’ Job to Buy Transformers, Others—FCCPC

By Adedapo Adesanya
The Federal Competition and Consumer Protection Commission (FCCPC) has declared that it is not the responsibility of electricity consumers/customers or communities to buy, replace or repair transformers, poles, cables and related items used in supplying power.
This was made known by the Commissioner, Operations of the commission, Mr Adamu Abdullahi, at the opening of the commission’s four-day electricity consumers complaints’ resolution platform, which was sponsored by MacArthur Foundation and attended by many consumers in Benin-city, Edo.
Mr Abdullahi said there were many issues in electricity consumption in Nigeria and frowned at the disconnection of consumers’ lines without notice, outrageous/crazy bills, non-supply of pre-paid meters already paid for, and the disregard for regulations, among other complaints by electricity consumers in the country.
He explained that while the Nigerian Electricity Regulatory Commission (NERC), an independent regulatory body, has the authority to regulate the electric power industry in the country, FCCPC is to protect consumers throughout Nigeria.
According to him, “Electricity consumers in Nigeria have the right to be properly installed with functional meters. Payment for meters shall not be made if meters are not available. The Meter Asset Provider (MAP) shall install the meters at the premises of the customers within 10 working days of payment.
“Unmetered customers shall not experience any cost increase, beyond what is chargeable to metered customers in the same area. Customers have the right to contest bills and withhold payment of disputed bills.”
On her part, the Managing Director/Chief Executive Officer, Benin Electricity Distribution Company (BEDC), Mrs Funke Osibodu, insisted that officials of the company were trying their best to make their customers in the franchise states of Edo, Delta, Ondo and Ekiti happy by quickly resolving issues.
Mrs Osibodu, who was represented by the company’s Chief State Head for Edo, Mr Abel Enechaziam, stated that she was aware of limited power supply and inadequate metering, which she said should not be blamed on the electricity Distribution Companies (Discos), stressing that BEDC was always ready to listen to the consumers’ complaints with quick actions being taken.
Mrs Osibodu also stressed that there was an inadequate supply of meters by NERC, pointing out that Discos across Nigeria were facing challenges from the generation and transmission of power, but expressed optimism that NERC would soon be able to resolve those hiccups.
Also speaking, a top official of the Nigerian Electricity Management Services Agency (NEMSA), Mr Akinbadejo Akinleye, while speaking, noted that the agency’s officers were always striving to ensure the maintenance of quality in electricity management in the country.
General
UBA’s Abiodun Coker Wins Future Leader in Media Management Award

By Modupe Gbadeyanka
The Media and External Relations Lead of United Bank for Africa (UBA) Plc, Mr Abiodun Coker, has been crowned the Future Leader in Media Management.
He clinched this award at The Industry Summit/Awards held on Friday, May 2, 2025, in Lagos, with several persons from across all sectors in attendance.
Mr Coker’s recognition further cements his growing reputation as one of Nigeria’s most dynamic and future-ready communications leaders, with his eyes firmly set on redefining the media management landscape.
The award jury, chaired by Mr Tolulope Ogunjobi, a renowned broadcast business correspondent and Business Editor at TVC News, said Mr Coker was bestowed with the honour because of his exceptional achievements in the public relations field during the year 2024.
The team said one of them was his masterful handling of UBA’s 2024 rights issue, which successfully closed on December 24, 2024, and the impactful execution of the bank’s 75th Anniversary Campaign, both of which were described as commendable and exceptional.
According to the jury, his management of UBA’s media ecosystem during the year under review was remarkable, with several media professionals praising his public relations craftsmanship and ability to skilfully manage the image of one of Africa’s most formidable financial brands.
“Abiodun Coker’s achievements in 2024 are a beacon for greater accomplishments ahead. He is undoubtedly one of the strategic communication experts to watch in 2025,” the jury noted.
A seasoned professional, Mr Coker’s journey from an acclaimed financial journalist at BusinessDay Newspapers to a powerhouse in corporate communications has been nothing short of inspiring.
With over eight years of robust journalism experience, coupled with leadership roles at top-tier public relations firms such as BD Consult Ltd and Quadrant, he has consistently demonstrated his ability to transform and manage leading brands successfully.
Organized by The Industry Newspaper, the leading brand marketing publication in West Africa, the prestigious awards recognize outstanding professionals shaping the future of brand marketing and communications across the region.
General
FG Reassures Investors More Enabling Investment Climate

By Adedapo Adesanya
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has reiterated the federal government’s commitment to fostering a more enabling investment climate, anchored on macroeconomic stability, structural reform, and a clear pathway to inclusive prosperity.
He gave this assurance at a high-level private dinner, organized by Kuramo Capital Management Lagos as part of Africa Venture Capital Week.
The Minister lauded Kuramo Capital and its partners for their steadfast belief in Africa’s promise and highlighted the alignment between private capital and Nigeria’s renewed hope reform agenda.
According to a statement, participants recognized the vital role of blended finance and innovation in driving sustainable development.
The event brought together a distinguished group of global investors, development partners, and business leaders for a candid exchange on unlocking long-term capital for Africa’s growth and transformation.
It also marks Kuramo Capital’s first formal convening in Nigeria in several years, underscoring a renewed sense of commitment to deepening its strategic footprint across the continent.
Mr Edun said with this renewed commitment, the federal government is poised to unlock new opportunities for economic growth, investment, and inclusive prosperity.
He also called for more investment into the country, assuring participants that the right mechanisms are being put in place towards driving Nigeria’s development and improving the lives of its citizens.
General
FG Moves to Fast-Track Household Cash Transfer Scheme

By Adedapo Adesanya
The federal government is fast-tracking the implementation phase of its economic and financial inclusion strategy aimed at improving access to economic opportunities for Nigerians.
This was disclosed by the Deputy Chief of Staff to the President, Mr Ibrahim Hadejia, at the inaugural meeting of the Technical Committee of the Presidential Committee on Economic and Financial Inclusion (PreCEFI).
He said that “Financial inclusion is not just about having a bank account—it means access to quality services, credit, and the visibility that digital platforms offer.”
The meeting was held at the Presidential Villa, Abuja, on Wednesday.
The federal government established an inter-agency task force to address challenges delaying President Bola Tinubu’s approved conditional cash transfers to 15 million vulnerable households.
The task force includes the National Identity Management Commission (NIMC), National Social Safety-Nets Coordinating Office, National Cash Transfer Office (NCTO), Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement System (NIBSS).
The mandate of the taskforce goal is to unlock bottlenecks and fast-track the distribution of critical financial support to Nigeria’s most vulnerable.
The meeting also endorsed steps to work with state governments in localising data from the Enhancing Financial Innovation and Access in Nigeria (EFInA) Access to Financial Services survey – a biennial study conducted by the EFInA.
Mr Hadejia explained that the meeting brought together high-level stakeholders from government agencies, financial institutions, and academia to align on the President’s vision and execution roadmap.
“We are off to a very good start. What has led to the success of what we’ve done so far is alignment and inclusive stakeholder engagement,” he said.
On hsi part, the committee’s Secretary, Mr Nurudeen Zauro, said the meeting also approved PreCEFI’s strategic roadmap and governance structure.
Mr Zauro, who is also the Technical Advisor to the President on Financial Inclusion, said ” an inter-agency committee has been established to address delays in the disbursement of conditional cash transfers to 15 million households as mandated by President Tinubu.
“We will be presenting the report to the National Economic Council and the Nigerian Governors Forum to ensure data is domesticated and acted upon at the subnational level.”
Also, Director-General of NIMC, Mrs Abisoye Coker-Odusote, explained that digital identity plays a foundational role in achieving inclusion goals.
“The beauty of the NIN is that it bridges the financial divide. It provides access to health, education, and agricultural services and strengthens national data infrastructure,” she said.
The Director of Consumer Protection and Financial Inclusion at the CBN, Mrs Aisha Isa-Olatinwo, urged the committee to focus on implementable outcomes that serve those at the base of the pyramid.
According to her, financial inclusion is one of the eight reform pillars of the President’s agenda.
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