Connect with us

Breaking News

Lagos Power Sector: Ikeja Electric, Eko Disco lose ground as 2 new firms take over

Published

on

BREAKING NEWS: Death Hit Nigeria Again As Popular Nigerian Senator Dies Just Because of ThisSee Viral Photos/Videos Before They Are Deleted.....TAP TO CONTINUE READING

The Lagos state government has officially licensed two new electricity distribution companies, signalling the end of an era for long-time players Ikeja Electric (IE) and Eko Electricity Distribution Company (EKEDC).

In a bold move to deepen competition and improve service delivery, the Lagos State Electricity Regulatory Commission (LASERC) has issued new distribution licences to Excel Distribution Company Limited and IE Energy Lagos Limited.

In a bold move to deepen competition and improve service delivery, the Lagos State Electricity Regulatory Commission (LASERC) has issued new distribution licences to Excel Distribution Company Limited and IE Energy Lagos Limited.

With the new licences, Eko Electricity Distribution Plc and Ikeja Electric Plc have officially ceased to exist as distribution licensees within the Lagos Electricity Market.

In their place, Excel Distribution Company Limited now takes over from Eko Disco, while IE Energy Lagos Limited replaces Ikeja Electric.

The official licence presentation ceremony, held in Lagos on Thursday, drew major industry stakeholders, including LASERC Commissioners and representatives of the new companies.

At the event, Folake Soetan signed on behalf of IE Energy Lagos Limited, while Sheri Adegbenro represented Excel Electricity Distribution Limited, symbolising the official transfer of power operations.

Speaking during the ceremony, Engineer Abimbola Odubiyi, chairman of LASERC, described the development as “a defining moment in Lagos’ journey towards a reliable and sustainable electricity market.”

He reaffirmed the commission’s commitment to independence, transparency, and service to the people of Lagos. Odubiyi expressed gratitude to key state officials who championed the creation of LASERC, including Governor Babajide Sanwo-Olu, the Lagos State House of Assembly led by Speaker Mudashiru Obasa, and commissioner for Energy and Mineral Resources, Mr Biodun Ogunleye.

Also speaking, Dr Fouad Animashaun, LASERC’s Executive Commissioner/CEO, emphasised that the issuance of the new licences reflects the state’s determination to deepen private sector participation in the electricity market.

“By expanding competition, we are ensuring that Lagosians can look forward to better access, improved reliability, and more affordable power supply,” he said.

This aligns with the broader goal of decentralising Nigeria’s power sector and allowing states to take control of electricity generation and distribution within their borders — a policy shift enabled by recent constitutional reforms.

BREAKING NEWS: Death Hit Nigeria Again As Popular Nigerian Senator Dies Just Because of ThisSee Viral Photos/Videos Before They Are Deleted.

In their remarks, representatives of the new companies pledged to deliver innovation and improved service to consumers.

Kola Adeshina of IE Energy Lagos said, “We are honoured to be part of this transformative journey. Our focus will be on deploying innovative solutions that deliver value to customers across Lagos.”

Similarly, Sheri Adegbenro of Excel Distribution Company expressed commitment to working closely with LASERC to strengthen distribution networks and ensure that customers “experience real improvements in service.”

The entry of Excel Distribution Company and IE Energy Lagos marks a new dawn in Lagos’s electricity landscape, promising competition-driven service delivery, innovation, and potentially lower tariffs.

For millions of Lagosians long frustrated by blackouts and billing inefficiencies, this power shake-up could be the jolt the state’s energy sector desperately needs.

The development is part of a broader strategy of decentralising electricity regulation in Nigeria.

Recall that the Nigerian Electricity Regulatory Commission (NERC) began allowing state governments to regulate their own electricity, leading to the emergence of several state-owned regulatory bodies.

One of the state electricity regulatory bodies in Enugu slashed tariffs, leading to a power challenge in the state.

BREAKING NEWS: Death Hit Nigeria Again As Popular Nigerian Senator Dies Just Because of ThisSee Viral Photos/Videos Before They Are Deleted.

Read The Full Article Here Now

 

👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.

Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Breaking News

Oyo police intercepts truck conveuing explosives in Saki

Published

on

The Oyo State Police Command has announced an operational success recorded following an intelligence-led operation.....TAP TO CONTINUE READING

Acting on credible intelligence, operatives of the Command intercepted a truck conveying materials suspected to be explosive devices during a stop-and-search operation in Saki, Oyo State. The truck and the suspected materials were promptly secured and are currently in police custody.

Upon receiving a briefing on the development, the Commissioner of Police, Oyo State Command, CP Femi Haruna, immediately ordered a comprehensive investigation into the matter.

Consequently, specialised personnel of the Explosive Ordnance Disposal (EOD) Unit and the Chemical, Biological, Radiological and Nuclear (CBRN) Unit were deployed to safely secure the items for safekeeping and forensic examination. Detailed forensic analysis has since commenced, alongside a thorough and robust investigation to determine the exact nature of the items and their intended use.

The truck driver has been taken into custody and is cooperating fully with investigators as efforts continue to unravel all the circumstances surrounding the incident.

The Commissioner of Police commended the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, for his unwavering support, strategic leadership, and continued provision of operational guidance that enhance proactive, intelligence-driven policing across the country.

Read The Full Article Here Now

 

👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.

Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940

Continue Reading

Breaking News

Benue: Armed bandits kill motorcyclist, injure woman in Apa LGA

Published

on

One person has died and another sustained injuries following an assault by suspected armed bandits in Apa Local Government Area of Benue State.....TAP TO CONTINUE READING

According to sources, the attack took place on January 24 around 4:00 p.m. along the Amoke–Odugbo road in Ukpogo Village, Edikwu Ward.

The victims, identified as Mr Joseph Okoh and Miss Aneh Sunday, both from Ogodumo, Adoka in Otukpo LGA, were reportedly riding a motorcycle when the assailants struck.

“They were rushed to the Comprehensive Health Centre, Ugbokpo, where Mr Okoh was confirmed dead while receiving treatment. Miss Sunday is currently admitted and responding to treatment,” the source stated.

Nigerian troops were quickly deployed to the area, and a search operation in the surrounding bushes is ongoing to apprehend the attackers.

“The Criminal Investigation Department has commenced an investigation into the incident,” the source added.

Read The Full Article Here Now

 

👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.

Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940

Continue Reading

Breaking News

2026 UTME: JAMB scraps special privileges for albino candidates over malpractices

Published

on

The Joint Admissions and Matriculation Board has scrapped special concessions and registration procedures previously granted to candidates with albinism for the 2026 Unified Tertiary Matriculation Examination, citing abuse of the privilege to perpetrate examination malpractice.....TAP TO CONTINUE READING

The Board also warned faith-based tertiary institutions to clearly declare their religious status at the point of admission, saying it is deceptive to present as secular and later impose religious rules on students.

As reported by Vanguard, these decisions were taken on Saturday at a meeting between JAMB management, led by its Registrar, Prof. Isaq Oloyede, and Commissioners for Education from the 36 states of the federation and the Federal Capital Territory, held in Ikeja, Lagos.

Oloyede said the meeting was convened to review and assess previous admission exercises.

He noted that despite safeguards introduced by the Board, some individuals remained determined to circumvent the system.

“We have stopped some concessions we gave albino candidates. This is because some are using artificial intelligence to manipulate the registration process to look like they are albinos because of the consideration we gave them.

“Last year alone, over 7,000 claimed to be albinos. We have stopped special registration procedures for albinos,” he said.

Addressing complaints from candidates admitted into some private institutions over compulsory religious instruction, Oloyede urged faith-based schools to be transparent.

“Faith-based institutions should declare from the onset what they are, so that whoever applies there will know what he is going to meet there. But some don’t do that. They will pretend to be secular, but once students are admitted, trouble will begin over religious instruction and injunctions.

“If you are a faith-based institution, say so. The law allows you to set up faith-based schools,” he said.

On last year’s UTME, where the highest-scoring candidate was later found to be a 300-level university student, the JAMB registrar said investigations showed that some undergraduates sit for the examination to change courses or assist others to secure admission.

“Students who are already in school but want to change courses and are applying again must declare and disclose their status.

“We have found that some candidates already in school are writing the examination for other candidates. Last year, the candidate who scored the highest was found to be a 300-level student in the university.

“Henceforth, any candidate found engaging in such an act, and who fails to disclose that he is already in school but wants to change course, will be disqualified and will also lose his current admission,” he said.

On admission criteria, Oloyede explained that federal government-owned institutions allocate 45 per cent on merit, 20 per cent on catchment area, 20 per cent to educationally disadvantaged states, while the remaining slots are allocated to other considerations.

“Each owner or state has the right to decide what its admission criteria will be. But for states, we encourage them to allocate at least 10 per cent to merit, regardless of where the candidates come from.

“This is to diversify the student population and admit eggheads from different communities,” he said.

He criticised some states for establishing new universities despite not fully utilising their admission quotas in existing federal institutions.

On underage candidates, Oloyede said 16 years remained the minimum admission age, noting that an attestation process was in place for exceptional cases.

“Last year, about 42,000 claimed to be underage. After evaluation, only 78 met the criteria and were admitted. We are not saying there are no talented candidates, but the figure looks outlandish,” he said.

The issue of how to engage underage candidates during a gap year divided opinions at the meeting, but a majority voted for JAMB to continue its special assessment process.

The meeting also observed that parental pressure on children to complete their education too quickly was a major contributor to the problem.

On efforts to curb examination malpractice, Oloyede said JAMB had stopped the movement of computers between Computer-Based Test centres.

“A computer registered in a particular centre will remain there and is not transferable to another centre. Some people borrow computers to get accredited and later move them around,” he said.

He dismissed claims that candidates were posted to towns they did not choose, saying personal data used for registration were drawn directly from the National Identification Number submitted by candidates.

Providing an update on the 2025 UTME, Oloyede said 974,855 candidates had so far been admitted out of about 1.95 million who sat for the examination.

He added that over N2.4 billion had been disbursed to institutions that consistently complied with JAMB’s rules over the past 10 years, and that the meeting agreed that schools producing the best candidates should be compensated.

On accreditation of CBT centres, Oloyede said the process involved teams comprising university vice-chancellors, rectors and provosts in each state.

He warned state governments against agreements with private promoters who might use centres to facilitate malpractice.

Read The Full Article Here Now

 

👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.

Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940

Continue Reading

PURPOSE ONLINE ACADEMY

Trending

All Right Reserved | Copyright © 2026 3ppleloaded News | Powered by 3ppleloaded.ng |