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Electricity Consumers Not Required To Pay For Meters Under NMMP – NERC

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Electricity Consumers Not Required To Pay For Meters Under NMMP - NERC
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Electricity Consumers Not Required To Pay For Meters Under NMMP – NERC

The Nigerian Electricity Regulatory Commission says under the National Mass Metering Programme electricity consumers are not required to pay directly for the meters issued to them.

This is contained in a statement NERC issued in Abuja on Monday.

“We wish to reiterate that the NMMP designed to provide all consumers of electricity with meters is a policy intervention of the Federal Government supported by the Central Bank concessionary loans to Electricity Distribution Companies (DisCoS).

“This laudable initiative is still very much on course as a total of over 900, 000 units of meters have so far been installed under the takeoff scheme without any payment by benefiting consumers.

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“While this doesn’t cover many of the unmetered customers, we are pleased to inform electricity consumers that the next phase under which about four million units of meters would be procured from local meter manufacturers has commenced,” it said.

NERC and electricity albatross
The Commission further stated that pending the conclusion of the NMMP procurement processes and the commencement of manufacturing and installation, consumers may decide to acquire a meter from the Meter Asset Programme, the News Agency of Nigeria reports.

Electricity Consumers Not Required To Pay For Meters Under NMMP – NERC

NERC said that the regulatory framework approved by the commission under MAP/NMMP Regulation provides for refund of the cost of meter through energy credits to the customer at the time of vending.

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The commission said that the recently issued notice by the commission on the adjusted cost of the meter was designed to protect consumers from arbitrary pricing by MAP.

According to NERC, this is in the context of recent changes in macroeconomic parameters affecting the cost of production.

NERC advised that clarification be made from its Public Affairs Department on any regulatory matter to avoid misinforming innocent consumers.

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Twitter Ban: FG Develops Code Of Conduct For Facebook, Instagram

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Twitter Ban: FG Develops Code Of Conduct For Facebook, Instagram

The Federal Government has developed a code of conduct for all social media platforms in the country, Festus Keyamo, Minister of State for Labour and Employment has disclosed.

Speaking on Channels Television programme ‘Sunday Politics’ monitored by DAILY INDEPENDENT, Keyamo who is a member of a committee set up by the federal government to meet with Twitter said the social networking site has almost complied with some of the conditions given to it by the government such as payment of taxes and opening of an office in Nigeria.

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Speaking on the code of conduct for all social networking sites, Keyamo said “The federal government is very anxious, not only Twitter. In fact, but we have also developed a code of conduct for all of them”.

“They have agreed to a code of conduct, that is Twitter and every other platform because we are using the example of Twitter to draw code of conduct for all other social media platforms such as Facebook, Instagram, Twitter and all of them” .

“We decided at the committee level that we don’t want to isolate Twitter and give them some kind of bias treatment different from other social media platforms like Facebook, Instagram and all of that. So, we are developing a code of conduct not for Twitter alone but for the general social media platforms on the responsible social behavior that they must comply with”.
“Code of conduct can be made as bye law under the NBC code because that is broadcast” he said.

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Crypto crashes because of black Friday discount

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Crypto crashes because of black Friday discount
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Crypto crashes because of black Friday discount

Cryptocurrency prices are tanking this morning, with some of the biggest coins recording double-digit percentage drops as the global Black Friday discount shopping event gets underway and fears over a new Covid “variant of concern” spread. The combined crypto market has dropped under $2.5 trillion, down from a peak of around $3 trillion earlier this month.

24-hour crypto market snapshot
Bitcoin (-7%) $53,793
Ethereum (-10%) $3,959
Avalanche (-18%) $103.12
Cro (-19%) $0.6518

The bitcoin price is this morning off by over 7%, with ethereum down by 10%. Bitcoin is quickly falling towards $50,000 while ethereum has edged below the closely-watched $4,000 level. Bitcoin’s price fall comes amid a sharp dip in its hash rate, a measure of the computing power directed at the bitcoin network. Quantum Economic’s Jason Deane spotted the decline.

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Ethereum rivals Binance’s BNB, solana, cardano and polkadot are all down by more than 10% with recent big gainers Crypto.com’s cro and avalanche down by almost 20% since this time yesterday.

Expect a lot of “buy the dip”-style advice from price boosters on Twitter and YouTube today and over the weekend amid claims of a crypto “Black Friday sale.”

Metaverses, the idea that we’ll all soon be living in a virtual world accessed via the likes of social media giant Facebook and VR headsets, could eventually create $1 trillion in annual revenue across the advertising, digital events, e-commerce and hardware industries, research from crypto investment company Grayscale has found.

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It matters because as people’s lives move more online, digital scarcity, smart contracts and online ownership created through bitcoin, other cryptocurrencies, and non-fungible tokens (NFTs) will help form the foundations of the virtual economy. Video games are already embracing tokenization and Facebook’s rebrand under the Meta umbrella has kicked off a wave of interest in how digital assets will fit into the new virtual economy.

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Igbo Girl Becomes Pilot After Dad Said He’ll Jump Off Plane If He Sees Female Pilot.

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Igbo Girl Becomes Pilot After Dad Said He'll Jump Off Plane If He Sees Female Pilot.
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23 Year-Old Igbo Girl Becomes Pilot After Dad Said He’ll Jump Off Plane If He Sees Female Pilot.

Meet – Miracle Izuchuwu, 23-year-old Nigerian born Private Pilot, Commercial Pilot (candidate) and Flight Attendant at American Airlines. She recently joined the elite group of 7% of females and 1% of black female Pilots in the world.

Hear her story...

I grew up in a society that did not encourage young girls to dream big, career-wise.

In 2019, I had an encounter with an Airline Pilot while working as a customer service rep. He opened my eyes to the possibility of becoming a Pilot. A few weeks later, I went on a discovery flight that sealed it for me..

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I came home that day, called my father, and told him I was considering becoming a professional Pilot.

He said, and I quote: “if he gets on a plane and sees a woman as the Pilot, he would get off the plane”

words cannot explain the pain and confusion I felt. I needed that validation.

What if, in raising children, we focus on ability instead of gender?

In a world that wants us to whisper, I choose to shout.

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