NERC gives states Dec 31 to submit electricity assets valuation



The Nigerian Electricity Regulatory Commission (NERC) has given state governments up to December 31, 2012, to submit a detailed valuation of their investments in electricity distribution assets. Speaking at a meeting in Lagos with representatives of Eko Electricity Distribution Company and officials of the Lagos State Government, Dr. Sam Amadi, Chairman/CEO, NERC, said that a framework for the valuation had already been adopted by parties involved.

He said: “In December, a universal valuation was done. All we need to know now is what asset belongs to who.” The National Economic Council had earlier directed NERC to undertake an inventory of all electricity distribution assets associated with local distribution networks. According to statement signed by Maryam Yaya Abubakar, assistant general manager, Media, at the commission, the study was concluded in December 2012. This was done to ascertain the post privatisation structure of the PHCN successor companies.

It would be recalled that the federal government had allocated 40 percent of the shares of these legacy companies to states within the distribution zones and workers of the companies, and these shares will be based on the value of the assets as determined by NERC. On concerns about the assets acquired post-2010, Amadi explained that there will be a framework for investors to pay for these subsequent assets. He added that he fully appreciated that the process was a painstaking one, and that if areas of dispute were thrown up, a tripartite meeting with NERC will be convened to resolve the issues.

24 yrs boy started importation with N10,450. Read his story here!

Men, forget Viagra. Use these to increase your manhood size & strength

How 2make over N500,000 in less than 12 days like I did

How watermelon made a Benin boy over N1,000,000 in 73days

Superb premature ejaculation spray. You 'll last 30minutes+

How to earn 40k-200k monthly from football matches almost on autopilot

3 Things I did to cure premature ejaculation after my wife left me

Small manhood and premature ejaculation limited my performance for 4yrs!

7 Simple yet amazing steps to earn over N200,000/monthly. Click here

How to get flat belly in just 9 days. Click here!

How to turn your Facebook to ATM machine that vomits cash

How 28yrs Lagos boy increased his manhood strength & size in 18days

Click here now if you are interested in earning at least N7,500/daily

How a young Nigerian generate over N1,000,000/month via digital marketing

Are you a real man? Click here to know if you are?

Get daily updates of jobs in Nigeria. Apply for your dream jobs

Work from home and get paid at least $1000 weekly!

Get bigger manhood and cure premature ejaculation using these solutions!

Housewife reveals How to Turn N8,500 into N100,000 monthly!

Small manhood made me lose my fiancee to a next neighbour

Shocking! See 1 crazy trick a man uses to last long on his wifey


About Author

1 Comment

  1. adeyemi sandra on

    Earn Instant $4.83 In your Liberty reserve Thru Currency Exchange
    Exchange earnings

    Break into your Financial Freedom do not pay any one to teach about online business
    i have paid heavily to so many brokers and Forex marketers but got nothing and i am
    unveiling this here for free do not pay any one to get this, start making you own earnings
    online its free, All you need do, is just to get your calculator and follow me carefully
    as i outline the (steps) below.


Leave A Reply