Two former federal lawmakers, Senator Andrew Uchendu and Honourable Dachung Bagos, have faulted the federal government’s reduction of electricity subsidy. They argued that the timing was wrong. The Nigerian Electricity Regulatory Commission (NERC) on Wednesday, announced an increment in electricity tariff for Band A customers. It explained tha...
Manufacturers and Organised Labour have kicked against the Federal Government’s 240 per cent hike in the tariff payable by electricity users enjoying a 20-hour power supply. They insisted on the electricity subsidy, warning that its removal would send manufacturers out of business and worsen inflation, reports The PUNCH. The subsidy on electri...
The Peoples Redemption Party, PRP has condemned in very strong terms, the increase in the electricity tariff paid by Band A customers from N68/KWh to N225/kWh by the Nigerian Electricity Regulatory Commission, NERC, describing it as a cynically cruel blow on Nigerians, reports Vanguard. In a statement today by PRP Acting National Publicity Sec...
The federal government has jacked up the electricity tariff for Band A customers. Band A are those who enjoy electricity supply for 20 hours per day, reports Channels TV. At a press briefing in Abuja today, Musliu Oseni, Vice Chairman of the Nigerian Electricity Regulatory Commission (NERC), said the increase will see customers pay ₦225 [&hell...
•Akinwunmi Adesina The President, African Development Bank Group, Dr Akinwumi Adesina, has lamented the living condition of Nigerians amidst current economic quagmire bedeviling the country. Adesina in a statement signed yesterday by his Special Adviser on Industrialisation, Prof. Banji Oyelaran-Oyeyinka, lamented that Nigerians paid one of th...
The Minister of Power, Adebayo Adelabu, says the federal government cannot continue to subsidise power, arguing that citizens of other African countries, including Guinea, Togo, Mali, and others, pay more for electricity than Nigerians do. Adelabu, during his visit to the corporate headquarters of Ikeja Electric in Lagos State yesterday, added...
•Striking electric workers Staff of the Kaduna Electricity Distribution Company, have flagged off an indefinite strike after staging a protest over unjust treatment and other pending industrial disputes with the management of the company. The placards-carrying aggrieved members of the National Union of Electricity Employees (NUEE), this mornin...
Despite the widespread blackout and the worsening state of electricity supply in Nigeria, the latest figures on the daily load summary of power distribution companies indicate that the firms failed to distribute about 1,769.91 megawatts of electricity between February 1 and 14, 2024. Data from the Transmission Company of Nigeria, obtained in A...
•Lagbaja and Adelabu Minister of Power Adebayo Adelabu has assured the Army of his readiness to dialogue with Distribution Companies (DisCos) over its electricity debt burden amounting to N42 billion. The Minister spoke when the Chief of Army Staff ( CAS) Lt. General Taoreed Abiodun Lagbaja visited and appealed for his intervention over the de...
•Nigerian Senate and Tinubu The Senate today, made a resounding plea to the Tinubu-led federal government, urging it to refrain from eliminating the electricity subsidy, particularly in light of the prevailing hardships experienced across the nation. The Senate’s stance emerged following a thorough deliberation and subsequent endorsement of a ...