Tag: George Etomi

Nigeria extends suspension of new electricity tariff by one week

The Nigerian government and labour unions have agreed to extend the suspension of the new service-based electricity tariffs by one week.

George Etomi on what to expect from NBA’s 60th Annual General Conference

Ahead of the 60th Annual General Conference of the Nigerian Bar Association, George Etomi the Vice-Chairman of the Technical Committee on Conference Planning of the NBA Conference joins CNBC Africa’s Kenneth Igbomor to discuss the theme of this year’s event and what to expect.

Nigeria moves planned electricity tariff hike to Q1’2021

Nigeria’s planned electricity tariff hike which was earlier scheduled for the first of July has been postponed until the first quarter of 2021. This decision was taken by the leadership of the National Assembly after a meeting with the regulators NERC, and representatives of electricity distributors. George Etomi, Director of the Eko Electricity Distribution Company joins me to discuss this story and more.

COVID-19: Nigeria delays electricity tariff hike for 3 months

The Nigerian Electricity Regulatory Commission says there will be no tariff action in April, as the proposed increase in electricity tariffs initially slated for today has been delayed for three months. Nigeria's electricity regulator also notes that tariffs will only be raised as the Distribution Companies improve the quality of supply, meter customers and agree with consumers on rates. George Etomi, Director of the Eko Electricity Distribution Company joins CNBC Africa for more.

Privatisation opened up Nigeria’s power sector, diversified economy, says Eko Electric’s George Etomi

Following controversies trailing Nigeria's power sector with power distribution companies taking most of the heat, Director, Eko Distribution Company, George Etomi, says the sector’s privatisation agenda would flourish once the government takes a step back. This comes as the Association of Nigerian Electricity Distributors (ANED) say they will resist any attempt to hand over their assets.

Electricity tariffs expected to increase this year: The state of Nigeria’s power sector

The Nigeria Electricity Regulatory Commission (NERC) says there will be an increase in electricity tariffs by the first of April this year. The announcement came after the electricity regulator concluded its minor review of the multi-year tariff order of 2015 and the minimum remittance order for the year 2020. George Etomi, Director at Eko Electricity Distribution Company joins CNBC Africa’s Kenneth Igbomor to discuss the future of Nigeria’s power sector.

George Etomi: How Nigeria’s new power policy impacts consumers

Nigeria’s ministry of power has introduced a new electricity distribution policy, called ‘willing seller, willing buyer’. In a statement, the ministry says under the new policy, electricity would be wheeled directly from generation companies to willing consumers ready to fully settle their bills. Director of Eko Electricity Distribution Company, George Etomi joins CNBC Africa to discuss the implication of this policy.

Ramaphosa on tackling unemployment, inequality & poverty

In an exclusive interview on CNBC Africa today, South Africa's President Cyril Ramaphosa says the country is working to get to the root cause of poverty in order to address the challenges of inequality in South Africa. He said this while responding to questions from guests in Lagos during this interaction. Bismarck Rewane, CEO of Financial Derivatives and Member of Nigeria's Economic Advisory Council and George Etomi, Principal Partner of Etomi and Partners joins CNBC Africa to engage with South Africa's President.