The federal government has announced measures to strengthen Nigeria’s social protection system and help vulnerable households manage poverty, economic shocks, displacement and related socio-economic challenges. The initiative was disclosed by the permanent secretary of the Federal Ministry of Women Affairs and Social Development at a pre-summit in Jalingo, Taraba State.
The Federal Government plans to deploy security guards to protect infrastructure along the Abuja-Kaduna-Zaria-Kano Superhighway from vandalism. Works Minister David Umahi disclosed the measure during a meeting with student representatives. The development relates to public infrastructure protection and may be relevant to Nigeria’s construction and industrial goods sectors.
NERC has dissolved the board of Kaduna Electricity Distribution Plc and appointed an interim administrator for the second time in 30 months. The action follows the DisCo’s failure to meet market obligations and accumulated debts reportedly totalling N456.5 billion.
NUPRC reported improved implementation of the Domestic Crude Supply Obligation in the second quarter, with Dangote receiving 98% of crude offered to local refineries. The development relates to Nigeria’s upstream regulation, domestic refining and crude allocation framework.
Geregu Power Plc reportedly missed a scheduled payment on its N40.09 billion bond, eight months after Otedola’s exit. The report also states that NERC dismissed the Kaduna Disco board over alleged N456.5 billion liabilities owed to NBET and NISO.
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