On this Page
1. Registration with ISIPA
2. Company Taxation
3. Labour
4. Production Factor
5. Land
6. Legal Framework
The Nigerian Electricity Regulatory Commission (NERC) regulates the business of electricity generation, transmission, distribution and marketing in Nigeria.
Electricity is supplied directly to customers by the distribution companies (popularly called DisCos) which cover specific geographical areas as shown in the table below. There is also provision for licensing Independent Electricity Distribution Networks (IEDN) in addition to the DisCos.
The Multi-Year Tariff Order (MYTO) is the methodology adopted by NERC for setting electricity tariffs in Nigeria. It provides a 15-year tariff path with annual minor reviews, and major reviews every 5 years.
The Multi-Year Tariff Order (MYTO) is the methodology adopted by NERC for setting electricity tariffs in Nigeria. It provides a 15-year tariff path with annual minor reviews, and major reviews every 5 years.
Residential (R)
A customer who uses his premises exclusively as a residence i.e. house, flat, or multi-storey house.
Commercial (C)
A customer who uses his premises for any purpose other than exclusively as a residence or as a factory for manufacturing goods.
Industrial (I)
A customer who uses his premises for manufacturing goods including welding and ironmongery.
Special (A)
Agriculture and agro-allied industries, water boards, religious houses, government and teaching hospitals, government research institutes and educational establishments.
Street Lights (S)
Street Lights
Enugu Distribution and District Company cover Imo state with an average tariffs of 35 per distribution company
The procedure for obtaining electricity is as laid out below:
● The new consumer, through their licensed electrician, completes a new service application form requesting electricity supply from their distribution service centre. It is important for the customer to provide accurate information on their appliances to enable the DisCo determine the appropriate type of meter supply (single or 3-phase).
● The DisCo conducts an installation inspection of the consumer’s location to assess the electrical wiring, confirm the electricity load requirements and assign the appropriate customer class.
● The DisCo issues a list of required connection materials to the customer.
● The customer purchases the required connection materials and presents them to the DisCo Service Centre for quality validation.
● The Service Centre effects the connection at the customer premises within 48 hours, in addition to providing a meter and meter accessories.
The customer does not pay meter or installation costs as these are already covered by the electricity tariff.
Generally, especially in urban areas, boreholes are a major source of water for commercial and residential properties. However, the state government is working relentlessly with USAID to restore pipe born water to every home and office in the state.
There are four major GSM (Global System for Mobile communication) operators in Nigeria: Airtel, Globacom, MTN and 9mobile with a combined subscriber base of about 150 million. The launching of GSM in the country has significantly improved the country’s domestic and international telecommunication services. Fixed Wired and Wireless services are provided by Visafone, Multilinks, MTN, Glo, Ntel, ipNX and 21st Century.
Under the current unified licensing regime, which was introduced by the Nigerian Communications Commission in 2006, there is no more segmentation of wireless licences into mobile and fixed service categories. On allocation of a spectrum, all licensees are free to offer voice, data or multimedia services as they deem fit. This harmonised platform has led to increased competition from all the telecommunication service operators in the country.
Each telecoms provider has an array of voice and data plans for customers to choose from. The number of internet users in Nigeria is about 90 million (or 53% of the population), which is the highest in Africa. Data services are provided by the afore-mentioned GSM operators, as well as several Internet Service Providers (ISP). Many of these offer fibre-optic services across the country, with 4G LTE available in Lagos, Ibadan, Abuja and Port Harcourt. Data plans vary by ISP, city, duration and choice of plan but monthly subscriptions start around $5.60 (excluding the cost of the modem).
The government of Imo State recognizes the fact that there is a long term link between transportation and the State’s economic productivity, growth and stability within the context of the government’s commitment to sustainable development.
A massive rehabilitation and construction of roads, most especially the outer ring road is being undertaken by the government.
The outer ring road also known as the Imo freeway is a super-highway passing through the twenty seven (27) Local Government Area of the State. The government intends to build toll plazas along these roads for the purpose of collecting fares, creating an environment and facilities for relaxation, services and conveniences to the road users. Each plazas shall have service facilities such as fire station, eateries, conveniences shops, etc. Revenue from the toll plazas and service charges shall be used to maintain the roads and provisions of other social services by the State on a sustainable basis.
Imo state has an International Cargo Airport in Owerri, and access to seaports of Portharcourt and Calabar. Our state offers a cost-competitive advantage for investors seeking out new growth opportunities in Nigeria and Africa at large.