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Analysts Seek Revamp of Nigeria's Trade Policy to Unlock FX Inflows

Analysts Seek Revamp of Nigeria's Trade Policy to Unlock FX Inflows
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Kingsley Moghalu , Niyi Adebayo , Akpan Ekpo , Olalekan Aworinde , Obinna Chima , Deputy Governor Of The Central Bank , Department Of Economics , African Institute Of Financial , Pan Atlantic University , Director General , West African Institute , Economic Management , Professor Akpan Ekpo , Deputy Governor , Central Bank , Professor Kingsley Moghalu , Arise News Channel ,

Nigerians pay billions of naira to DisCos despite frequent outages


While the customer base has improved to over 10 million, according to enumeration records submitted to the Nigerian Electricity Regulatory Commission (NERC), power outages, rationing and low voltage are still prevalent among consumers.
Analysis of revenue collection by the DisCos in 2019 shows that they improved the Nigerian Electricity Supply Industry (NESI) yearly collection by N39 billion, reaching a total of N485 billion, with a collection efficiency of 69 per cent.
According to revenue records released by the Association of Nigerian Electricity Distributors (ANED), by the first quarter of 2020, DisCos had realised N127bn, which was over 10 per cent improvement than their quarterly collection of 2019. ....

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Bauchi Gov: NNPC Zero Remittance to FAAC, Recipe for Crisis


Obinna Chima, Dike Onwuamaeze in Lagos, Chuks Okocha and James Emejo in Abuja
Bauchi State Governor, Senator Bala Mohammed, yesterday warned that Nigeria will be in chaos and financial hardship if the NNPC does not rethink its decision to make zero remittance to the Federation Account in April because of the need to defray the cost of petrol subsidy.
The NNPC had in a letter to the Accountant-General of the Federation warned that it would be unable to make any remittance to the central account of the federation for distribution in May because it needed to defray around N111 billion cost of February’s subsidy on petrol. ....

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