Tag Archives: Potential

NERC Has Potential to End Plight of Electricity Consumers- Senate

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The Senate commended the Nigerian Electricity Regulatory Commission (NERC) for its prompt decision to address the extortion of Nigerians by electricity distribution companies (Discos).

The Senate in a statement by  the chairman of its ad-hoc Committee on Media and Publicity, Senator Dino Melaye, said NERC’s directive to Discos to restructure fixed charges, discontinue estimated billing and bulk metering of consumers, had shown that the commission had the potential to save electricity consumers from the excesses of service providers.

While describing the steps taken so far by NERC as pro-people, Melaye added that the commission had shown that it is a responsible regulatory body.

The Senate had on August 11, asked NERC to immediately ensure that Discos discontinue  the fixed monthly charges on electricity consumption following a motion by Senators Sam Egwu (Ebonyi North) and David Umaru (Niger East) entitled: “Unfair trade practices of electricity distribution companies in Nigeria.”

Read More: thisdaylive

Nigeria, A Potential World Super Power- Emir Of Dubai

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The Vice President of the United Arab Emirates and the Emir of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has described Nigeria as the business hub of Africa and a potential world super-power.

He made this remark at a recent meeting with the CEO of a Nigerian construction firm, Sujimoto Group, Sijibomi Ogundele, during the latter’s visit to Dubai. The forum was strategically designed to explore investment opportunities and exchange between Nigerian luxury real estate brand, Sujimoto Construction and top Emirati architectural firms.

Speaking further, Shiekh Al Maktoum added, “Dubai is great, but Nigeria’s potential is beyond our imagination. Nigeria would be one of the greatest countries not only in Africa but also in the world with the right investments and infrastructural developments. Her economy is developing rapidly and her construction industries can match what obtains in many advanced countries.’’

 

On his part, Ogundele whose construction outfit is at the forefront of redefining and delivering high-value residential structures in Nigeria and major international cities said, “ The real-estate sector in Dubai inspires me a lot so I desire to transform the Nigerian building sector to match that of the UAE.

 

“Our flagship buildings, ‘LorenzoBySujimoto’, are designed after outstanding UAE structures. We intend to achieve this by bridging the gap in the provision of exceptional luxury structures in Lagos, Nigeria, other parts of West and ultimately the UAE.”

Read More: punchng