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Port economic regulatory agency bill 2023 passes second reading

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By Seun Ibiyemi

As part of the Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola’s Key Performance Indicator (KPI) for the year 2024, as signed in the performance bond by agencies, the Bill which seeks to repeal the Nigerian Shippers’ Council Act Cap N133 Laws of the Federation of Nigeria (LFN), and enact the Nigerian Shipping and Port Economic Regulatory Agency Act when enacted into law, has passed the second reading at the House of Representatives.

Presenting the Bill at the House of Representatives on Wednesday 14th February 2024, the Chairman, House Committee on Shipping Services, Hon. Abdussamad Dasuki, said that the government made the Nigerian Shippers’ Council the Port Economic Regulator in 2015.

In his words: “If you go through the documents before us, you will see that there is a gazette by the Federal Government in 2015.

“In that gazette, the Federal Government highlighted what the Shippers’ Council is actually doing today.

“The Federal Government noted that the objective of the regulation is to create an effective regulatory regime for the Nigerian ports after the concession of the Ports.

“Port does not mean the Nigerian Ports Authority alone. It also means all the stakeholders in the ports, for the control of tariffs, rates, charges and other related economic services.

“The Shippers’ Council’s gazette is being implemented today as a regulation and not as an act.

“The Regulations provided that the NSC shall perform the role of interim port economic regulator with the administrative backing of the Federal Government.

“The Regulations further provided that from the commencement of this regulation in 2015, every regulated service provider in the Nigerian ports shall register with the Council. And as at today, they are answerable to the Nigerian Shippers’ Council,” he added.

He reiterated the need to repeal the existing NSC’s Act in-order to empower the Council to be able to discharge its mandate as the Port Economic Regulator.

Recall that the Nigerian Shippers’ Council (NSC), was established in 1978 to protect the interest of Nigerian shippers.

The Council’s mandate was later expanded to include Economic Regulation of the port pursuant to the Port Economic Regulator Order 2015.

This necessitated the review of the NSC Act to harmonise all the regulations into the Nigeria Shipping and Port Economic Regulatory Agency Bill.

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‘Retire from music if you’re fed up’ – Israel DMW tells Wizkid

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Davido’s Logistics Manager, Israel Afeare, popularly known as Israel DMW, has wadded into the beef between his boss and Wizkid.

NEWSMEN  reports that Wizkid and Davido were engaged in a fierce social media war on X on Monday.

Reacting via his Instagram story, Israel DMW stated that he was disappointed with Wizkid’s behaviour, stressing that Davido had done nothing to deserve it.

He urged Wizkid to retire from the music industry “honourably” if he is fed up.

He also berated him for shading ace music executive, Don Jazzy.

Israel DMW wrote: “I use to like everything about you, thinking you’re a human being. I never knew you’re a fully daft headed human being. Why dis continous jealousy and hatred? Did oga [Davido] stops you from releasing ur own back to back sweet hits?

“He has never in anytime said anything bad of you at all. You you just keep hating him for nothing sake. Retire from music if you’re fed up. Resign honourably. Who the hell are you? You’re just a small dwarf. You will be taught a lesson, if you’re not careful.

“You’re an idiot. A whole Don Baba? Na ur mate? Ugbeowagbon, Usaloa.”

 

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NAEC releases date for 2024 conference

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…Rallies oil industry leaders, stakeholders for conversations on energy transition

Top energy industry leaders and experts are expected to converge in Lagos on October 3, 2024, at the Association of Energy Correspondents of Nigeria (NAEC)  Annual International Energy Conference 2024.

The organiser revealed that the conference will focus on the role of natural gas as an energy transition fuel, addressing Nigeria’s Trilemma of Finance, Energy Security, and International Politics.

The National Chairman of NAEC, Ugo Amadi,  in a statement signed and released to the media on Monday stated that the captivating lineup of activities for the association’s 2024 conference, promises to tackle Nigeria’s most pressing energy challenges head-on.

Amadi said the conference’s main theme, “Gas as Energy Transition Fuel: Navigating Nigeria’s Trilemma of Finance, Energy Security, and International Politics,” was carefully curated to address the critical national discourse and provide strategic solutions to guarantee Nigeria’s energy security and sustainable future.

He said, “The conference will feature a dedicated session on “Actualizing the Decade of Gas: Powering Nigeria’s Energy Sufficiency, Industrialisation, and Economic Prosperity,” and other sessions that  will talk about  the pivotal role of natural gas in driving Nigeria’s energy sufficiency, industrialization, and overall economic prosperity.

The NAEC Chairman further emphasised that the third session of the conference with the topic: “Solving the Gas-To-Power Debacle: Unlocking Investments For NESI, Analysing Tariff Adjustment, Frequent Grid Collapses, and 6,100 MW Target by December for Sustainable Growth.”

He noted that the session promises to tackle the longstanding challenges in the gas-to-power sector, unlocking investments, addressing tariff adjustments, and achieving the ambitious 6,100 MW target for sustainable growth.

Amadi emphasised that the 2024 Conference, marking the inaugural edition under his new leadership of NAEC, would serve as a pivotal platform for influential figures to exchange insights, knowledge, and peer-reviewed analyses concerning the opportunities and challenges confronting the diminishing investments in Nigeria’s energy sector.

Meanwhile Adeola Yusuf, Chairman of the NAEC 2024 Conference Committee, in his remark revealed that the upcoming conference promises to be a game-changer for the Nigerian energy industry.

According to Yusuf, the conference would bring together a diverse array of players, including ministers, CEOs, industry captains, regulators, lawmakers, and other key stakeholders, adding that with the participation of industry leaders and experts, the event promises to deliver actionable insights and innovative strategies to propel the sector forward.

He further added the conference would be a catalyst for unlocking investments, enhancing energy security, and driving sustainable development in Nigeria’s energy landscape.

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AEDC blames FCT power outage on faulty feeders

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The Abuja Electricity Distribution Company (AEDC), has blamed faulty feeders for the power outage being experienced in parts of Abuja, the Federal Capital Territory.

In a statement on Monday, the company identified the feeders affected to include L36, H23, H33 and 8.

The company noted that the faulty feeders affect power supply in Apo Mechanic Village, Waru  Village and its environs, Jabi, Parts of Utako, Life Camp, Kado, Efab, Zango Daura, and Mbora Estates and its environs was also affected.

The statement by the company reads, “This is to inform residents in parts of Abuja that the power outage currently being experienced is due to technical fault on feeders L36, H23, H33 and 8 respectively.”

“Locations affected: are feeder L36-Entire Idu industrial, CITEC Estate, Efab Global, Babaginda Estate, Nizamaye Hospital and its environs.”

“FH 23-Airport, River Park, Shoprite, NIPCO, Dunamis Church, NIGCOMSAT and its environs,” it said.

The company further assured consumers that its technical team is working tirelessly to rectify the fault and restore power supply as quickly as possible and regrets any inconvenience caused.

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