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Corporate Press Releases

Ikeja Electric launches mass metering programme

Ikeja Electric has announced the commencement of the rollout of Prepaid Meters under the National Mass Metering Programme.

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Ikeja Electric reacts to viral videos, declares war on anyone who assaults its staff

This is to notify our esteemed customers that Ikeja Electric has commenced the rollout of Prepaid Meters under the National Mass Metering Programme, approved by the Federal Government, with effect from today, Friday, October 30, 2020.

This programme is part of the Federal Government’s effort to further bridge the country’s metering gap and also cushion the effect of the Service Reflective Tariff on electricity consumers in Nigeria.

In line with this programme, Ikeja Electric Plc (IE) is committed to driving the rollout through a series of one-day metering initiative across different locations in its network. This metering initiative is designed to ensure a seamless metering process that allows customers to register and be metered on the same day after following due process.

For the first phase of the programme, which will run till the end of the year, Ikeja Electric is rolling out over 106,000 prepaid meters to customers across its six Business Units – Ikeja, Abule-Egba, Akowonjo, Oshodi, Ikorodu and Shomolu.

Beneficiaries of this programme, which will cut across all locations in IE network, will not be required to pay upfront for the installation of meters. Rather, the modalities of cost recovery for the meters will be clearly defined and communicated to the beneficiaries.

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The primary objective of the National Mass Metering Program is to increase the metering rate in the country and close the gap of unmetered customers. It is also expected that it will assist in reducing Collection losses, while at the same time, increasing financial flows to achieve 100 percent market remittance obligation of the DisCos.

Part of the objectives also includes the elimination of arbitrary estimated billing, improving network monitoring capability and provision of data for market administration and investment decision-making.

Apart from its job creation potentials in the Meter value chain, the program will further strengthen the local meter value chain by increasing local meter manufacturing, assembly and deployment capacity, all in support of Nigeria’s economic recovery plan.

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Once again, Ikeja Electric wishes to restate its commitment to bridging the metering gap by metering all its customers, to ensure an efficiently managed electricity supply industry that meets the yearnings of Nigerians.

NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.

15 Comments

15 Comments

  1. Udeh Christian

    October 30, 2020 at 9:19 pm

    My is Christian, I do apply for the prepaid metre

  2. Oladeji rasaq

    October 31, 2020 at 7:37 am

    Lies,lies lies
    I have applied for months only for ur disco to b asking for obnoxious demands including c of o and likes
    And ad after suppling d documents u still ask for names day were supplied in d application
    U are only interested interested in estimated billings, charging a house with two occupants Twenty20 thousand naira
    PLS do d needful and supply me prepaid meter
    Oladeji Razaq olayinka Esq
    17 Gafari balogun st,ogudu

    • Sunday ekeledo ,

      October 31, 2020 at 6:38 pm

      After going through all the protocols , i was asked pay for the prepaid meter on 20th of may.l quikly remmited the said amount the same day 20th of may,as am writting i have not been attended to,all efforts to explain to ikeja electric and mojec has not yeilded any good result.i ‘ve phsically made my to their respective offices without any result.below are my details.ARN is =IECAx8234 address 27 busura avenue agodo egbe.pse help.

      • Anonymous

        October 31, 2020 at 8:04 pm

        If you people know how to bill each houses across the, why will you not give us our prepaid meter the same way. Are you people not tired of estimated bill, imagine someone placed on minimum wage salary and his bill is more than the minimum wage salary he receives, how will he cope with other expenses.
        #endestimatedbilling
        #endbadgoverment

    • Anonymous

      October 31, 2020 at 8:03 pm

      When you refused to meter those who had actually paid. I don’t understand this media hypes on free metering.

  3. AKINLABI J TAIWO

    October 31, 2020 at 9:18 am

    My house at 7 Ashiru Olayinka Ire 1 Agunfoye Igbogbo Ikorodu, with account no 0101394611 has been surveyed since December 2019 , but l have not asked to make any payment and have written several emails to this effect without reasonable response from Ikeja Electric since then .Please l need one .
    Thanks
    Akinlabi J T

  4. Farodolu Olatunde Samson

    October 31, 2020 at 10:22 am

    If I have paid for Meter just waiting for installation of my Meter How do I benefit the free Prepaid Meter or the IKJ Electric will use my money for air time ?

  5. Barrister Balogun

    October 31, 2020 at 6:43 pm

    Ikeja electric is a scam, they are not ready yet

  6. Agboola Ayodele Albert

    October 31, 2020 at 8:01 pm

    I am a resident of 5, Fatai Oluyole street, Damilola Bus stop Aboru, Iyana-Ipaja, Lagos. We have been surveyed for long

  7. GANIYU AJIDE BABALOLA

    October 31, 2020 at 9:29 pm

    MANY OF THE CIVIL SERVANTS IN OFFICES THOUGHT THEY ARE DOING YOU A FAVOUR WHEN THEY ARE SUPPOSED TO BE RENDERING SERVICES THEY EARN SALARY FOR. THE PHCN PEOPLE ARE NOT LEFT OUT OF THIS UNACCEPTABLE AND UNGODLY BEHAVIOR. THEY CAN BY THIS THEIR INFORMATION BEGIN TO RESTITUTE THEIR WAYS BY PUTTING ACTION INTO WHAT THEY HAVE SAID. IF YOUR SERVICE MAKES PEOPLE SAD AND DISAPPOINTED THEN YOU ARE NOT PART OF THE GOOD PEOPLE OF NIGERIA WHO ARE READY TO PUT SMILES INTO OTHER PEOPLE’S FACE BY ACTING RIGHT. BE FORETOLD WHAT YOU DO GOOD OR BAD WILL TRAIL YOU ALL THROUGH YOUR LIFETIME. IKEJA ELECTRIC MANAGEMENT PLEASE BE TRUTHFUL TO YOUR WORDS.

  8. Godwin Ajeseni

    November 1, 2020 at 12:13 am

    Ikeja Electric, don’t wait until people have completely lost faith in you and decide to move against you. A stitch in time saves nine. Give people prepaid meters. We have a right to be metered, unless you are enjoying the exploitation of already weary citizens.

  9. Surajudeen Kareem

    November 1, 2020 at 7:05 am

    It is all lies as payment for prepaid made since June 2020 is yet to be installed.

  10. Anonymous

    November 1, 2020 at 1:28 pm

    I bought units I was debited I have tried several to load the token and I not going through I generated a 20digit number still unable to load what do I do???

    • Anonymous

      November 2, 2020 at 1:01 am

      Enter ur metre acct number, press the #key and then enter ur 20digit token

  11. Lawal Adeyinka

    November 25, 2020 at 12:19 pm

    How can i apply for my prepaid meter

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Corporate Press Releases

elev8 launches new Nigeria Academy, to host event series on Nigeria’s digital future

The event will bring together experts in business, digital technology and economic development to amplify Nigeria’s digital dialogue.

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Global technology training company elev8 is delighted to announce the launch of its new academy in Lagos with a series of online events focused on digital transformation in Nigeria.

The Knowledge-based Economy – A Pathway to Nigeria’s Digitally Enabled Future is an opportunity for business leaders to participate in Nigeria’s digital dialogue with industry experts, technology trailblazers and government leaders.

C-suite executives and digital leaders across the country are invited to join elev8 for a special series of events exploring the impact of new technologies and digitalization, as well as the potential risks to economic growth, such as Covid-19.

Digital enablement is increasingly becoming a hot topic for global businesses. In the next few years, the digital economy is projected to be responsible for a quarter of global GDP.

Across the world, businesses are accelerating digital adoption to establish a competitive edge, drive growth and ensure efficiency. For Nigeria to compete on the world stage, investment in new technologies and skills is essential in supporting a transition to a knowledge-based economy.

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Digital Event: The Knowledge-based Economy – A Pathway to Nigeria’s Digitally Enabled Future

30 November – 3 December

The event will commence with the release of a cutting-edge research report on November 30. Produced in conjunction with BusinessDay Research and Intelligence Unit.

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The report examines the impact of digital transformation on Nigeria’s economic growth over the next three years.

On December 1, participants will gain valuable insight on the digital strategies and tactics deployed by leading market players in an exclusive masterclass, Digitize or Die, hosted by award-winning technology and digital innovator, Sabine VanderLinden.

The event will close on Thursday, December 3 with a live digital dialogue, featuring an expert panel of digital specialists, government figures, and business leaders, looking at the ways that digitization will impact Nigeria’s economic development.

To find out more, or register for the event, please visit: www.elev8me.com/nigeria20

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Corporate Press Releases

PAC Trustees webinar highlights seamless access to credit facilities for organizations  

The webinar was geared towards enlightening the general public about the necessary requirement for ensuring a smooth lending process for corporations irrespective of size.

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PAC Trustees Limited, a leading Trust company in Nigeria on Tuesday 24th November hosted financial experts in a conversation about the role of Corporate Trustees in Credit administration.

The one day-event, which held virtually, was geared towards enlightening the general public about the necessary requirement for ensuring a smooth lending process for corporations irrespective of size.

The Virtual discussion follows the announcement by the Central Bank of Nigeria (CBN) on the reduction of the benchmark interest rate to 11.5%, from 12.5% amongst other updates from the Monetary Policy Committee meeting held in September.

Kicking off the virtual event with his opening remarks, the Managing Director of PAC Trustees, Yinka Adegbola highlighted the current standing of PAC Trustees as a Corporate Trustee to many organizations including the Lagos state government, Ogun State government as well as the 50 Billion Agro Bond when he listed some of the services and products offered.

In his remark, he added that the role of credit administrators is only one of the many services the Trust company offers including products such as, PAC Celebrity Trust, PAC Diaspora Trust and PAC Education Trust can attest to this.

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Taking the first shot as a speaker at the webinar, Heritage Bank’s Acting Chief Risk Officer, Enterprise Bank Management, Kehinde Olugbemi began by stating the relevance of credit administrators in the borrowing process while emphasizing on the necessary qualities these administrators should possess which is mostly obtainable among Trust companies.

During his presentation, using significant scenarios, he reiterated the relevance of Trustees in credit administration. However, he urged Trust Organizations to stay abreast with regulations and governance guidelines.

Trust Companies inclusive of PAC Trustees are regulated by the Securities and Exchange Commission as well as other guidelines. There is therefore an expectation that they work within the confines of the law. As such, the Trust Administration Memo should explicitly capture salient issues and relevant administrative charges as dictated by governing regulations,” he declared.

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On his part, the Global Chairman, Tokunbo Orimobi Legal Group, Michael Orimobi, shed light on security documentation.

The astute commercial lawyer shared that, “nomenclature can be confusing and it has therefore become necessary to go into the substance of the document to actually understand what it is really referring to.”

He concluded by admonishing lawyers to not only focus on documentation but to most importantly advise clients on the appropriate transaction and security structure for the deal which often determines the documentation process and helps in avoiding the common problems of over-collateralisation and under-collateralisation.

Following the presentations, attendees of the virtual event were given the opportunity to ask questions, many of which were succinctly answered by Mr. Orimobi.

After which, the Executive Director of PanAfrican Capital Holdings Limited, Eric Okoruwa shared a vote of thanks with honourable accolades to attendees and panelists.

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PAC Trustees Limited is a wholly owned subsidiary of PanAfrican Capital Holdings Limited. Incorporated with the Corporate Affairs Commission and duly registered with the Securities & Exchange Commission (SEC), the organization focuses on providing Trust services in three (3) major areas – Private Trust, Public Trust and Corporate Trust

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A recording of the session can be found here https://bit.ly/2JaSbb4 using the code, FkTw7iO!

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Corporate Press Releases

Benefits of having an immutable ledger to the healthcare system

EHR Data’s vision is for both the healthcare industry and individual patients to benefit from the blockchain platform housing healthcare records.

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Technological progress has paved the way for advancements in medical science; and ample healthcare data that has made momentous contributions in the treatment of various diseases. However, there is still a lot more to be done. The current pandemic has shown everyone that data silos are not equipped to handle a huge amount of healthcare information. So many people are dying all over the world; and many of these can be prevented with enough transparent patient data within the healthcare sector.

In the latest Bitcoin news, on the second day of the CoinGeek Live conference, data platform EHR Data presented their concept of clinical healthcare data that are stored, shared and managed at an individual level on the blockchain, which is a globally distributed digital ledger.

Currently, healthcare data are stored and accessed only on private servers and transferred to third parties who request for the data. According to Chief Clinical Officer Cheryl Jorgenson, real-time clinical information cannot be accessed, clinical services cannot be tracked and there is nonexistent workflow integration in data structures at present. Patients also have no say in how their healthcare history is stored. Many even find themselves in a bind when trying to access their own personal healthcare data.

Blockchain Technology Used for Healthcare Data

Satoshi Nakamoto first used blockchain technology as an immutable database where all Bitcoin transactions are stored. It is distributed in that all nodes on the Bitcoin SV (BSV) network have a copy of the blockchain; and it is immutable because data recorded on the blockchain cannot be changed or altered.

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Headed by Jorgenson, Chief Scientist & Consultant Ron Austring and Director of Product Design Joseph Eckstein, EHR Data proposed that a marriage between healthcare data and blockchain technology is the solution to the lack of transparent healthcare data. This will then create the world’s biggest health data set. EHR Data envisions healthcare records to be stored at a personal level, meaning patients will have control over who can access their data, on what terms and for how long.

Healthcare data on the blockchain can have multiple uses through micro transactions and smart contracts. In building this blockchain platform, EHR Data said they hope to improve the way private healthcare data is accessed, managed and even monetized. This is certainly big Bitcoin news for blockchain technology to be used in such a relevant manner.

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Benefits of Housing Healthcare Data on the Blockchain Platform

EHR Data’s vision is for both the healthcare industry and individual patients to benefit from the blockchain platform housing healthcare records.

  • This data model is built with the capacity to assimilate to the various systems being used by hospitals and other medical organizations. Inter- and intra-operability of data is the main objective—being able to provide “a single source of truth powered by the BSV blockchain.”
  • Through the use of the BSV blockchain, which is highly scalable, this new data system can widen its range to more states, more countries and more drug types. It will consolidate healthcare data and systems into a more practical and accessible format.
  • Consumers of healthcare need not remain as mere consumers anymore. This proposed model allows patients to benefit from more positive health results and lowered healthcare costs brought about by an upgraded data structure. Individuals can also earn money by allowing medical and pharmaceutical institutions to gain access to their personal healthcare data for research and other uses.

This most recent Bitcoin news could not have come at a better time. With the ongoing pandemic, this proposed model of using the BSV blockchain to power a new healthcare data system not only serves to benefit national and global healthcare, but also provides individuals with a new source of income.

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