FIRE RAVAGES ANAMBRA TIMBER MARKET. (PHOTO).

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 Fire Ravages Anambra Timber Market A fire that broke out late Wednesday night at the Ogbosisi Timber Market in Onitsha, Anambra State, has caused extensive damage to several goods. An X user named Omaletocracy shared footage of the fire, showing traders desperately attempting to salvage their items as the flames spread. The video was captioned: “Head bridge mkt Onitsha is on fire 18/12/2024.” In a statement issued on Thursday morning, Anambra State Police spokesperson Tochukwu Ikenga confirmed that no lives were lost in the blaze. Ikenga further revealed that the area had been cordoned off to prevent looting by criminals. He added, “The quick response of the Police and Fire Service personnel to the fire outbreak at Ogbosisi on 18/12/2024 at 8:45 pm helped to bring the situation under control.” The spokesperson emphasized that an investigation had begun to determine the cause of the fire, although the value of the destroyed goods has not yet been determined.
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NERC ADOPTS NEW TARIFF TOOL TO ADVANCE MINI-GRID DEVELOPMENT. (PHOTO).

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 NERC Adopts New Tariff Tool to Advance Mini-Grid Development


The Nigerian Electricity Regulatory Commission (NERC) has officially adopted the African Forum for Utility Regulators’ (AFUR) mini-grid Tariff Tool, as announced in a statement on Friday. This tool, developed in collaboration with AFUR and key stakeholders, is designed to facilitate the establishment of cost-reflective tariffs for mini-grid projects, ensuring fair pricing and efficiency.


The tool introduces new features, such as Portfolio Applications, which allow developers to register multiple mini-grid sites under one application. This simplifies regulatory processes, improves oversight, and leverages economies of scale to lower tariffs for end users. NERC also highlighted that the tool will be expanded to 30 African countries, fostering regulatory consistency across jurisdictions.


NERC has instructed all mini-grid developers to start using the AFUR mini-grid tariff tool for permit applications from December 16, 2024. This move is expected to improve the regulatory framework for mini-grids and support the growth of the renewable energy sector, addressing Nigeria's ongoing power challenges.

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