SOLVE POWER SECTOR CHALLENGES, DON’T GAG US, DISCOS TELL NERC – This Day

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Following the recent order by NERC restraining their umbrella body ANED, DisCos have asked the regulatory commission to focus on solving the challenges inherent in the country’s power sector rather than gag them from speaking out on issues affecting their operations. In a statement signed by ANED’s CEO, Azu Obiaya, on Wednesday in Abuja, the Discos maintained that ANED was a legal association set up to protect their interest just like other associations in the power sector and their rights to associate is protected by section 40 of the country’s constitution.

 

NERC had in a communique issued after the August meeting with the DisCos, said that ANED’s activities would no longer be tolerated by it and that ANED should no longer interfere with policy directives or regulatory pronouncements made by it or the Minister of Power, Works and Housing, Mr. Babatunde Fashola. NERC equally barred ANED from making any unwarranted remark against Fashola and its commissioners.

 

POWER, FUEL SUBSIDIES GULPING NIGERIA’S RESOURCES FOR HEALTH, EDUCATION – US – Punch

The United States Agency for International Development (USAID), has said Nigeria is pouring scarce resources required to fix critical sectors such as education and healthcare services into subsidies on petroleum products and electricity. Speaking at the 10th Anniversary Colloquium of the Financial Nigeria Magazine in Abuja on Tuesday, the USAID Country Mission Director, Stephen Haykin said, the inability of the country to recover the cost of electricity as well as the failure to recover the full cost of production from pump prices of petroleum products meant that critical resources were being diverted instead of being invested in critical needs in education and healthcare.

 

Also speaking at the event, Muhammad Pete, a former Minister of Health, said that about 40% of under-five children in Nigeria were experiencing stunted growth. He said, “After extracting almost trillion dollars’ worth of oil since our national independence, we have a situation where poverty is going on. We have effectively squandered an opportunity to utilize the natural resources that we obtain purely by chance, not by hard work. Instead of investing to uplift our people’s lives, our political elites by commission or omission choose the path of short-term comfort and purchase of loyalty through economically unwise or corruption-riddled national expenditure at the expense of economically sound investments in both physical and human aspects to transform our nation.”

 

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