Skip to main content

A Total Reversal, Reverse Electricity Tariff Cut Now, Demand Nigerians

On Monday, Nigerians are demanding a total reversal of electricity tariff cut - the Nigerian Electricity Regulatory Commission’s reduction of the tariff payable by Band A customers from N225/kWh to N206.8/kWh.

Organised labour, the Nigerian Bar Association and the House of Representatives, have also rejected the hike in tariff payable by about 1.9 million consumers.

Subsidy on electricity was withdrawn completely from the tariff of consumers in the Band A category, which constitutes about 15 per cent of the total 12.82 million power consumers across the country.

The Federal Government said it would save N1.5tn, as a result of the tariff hike, adding that Band A customers would enjoy up to 20 hours of power supply daily.

The government took the decision which became effective on April 3, 2024.

Organised labour has however issued a two-week ultimatum demanding the reversal of the tariff hike. The House of Representatives has called on the NERC to suspend forthwith the implementation of the new electricity tariff nationwide. 

The Minister of Power, Adebayo Adelabu argues that there would be a nationwide blackout in the next three months if the increase in electricity tariff was not implemented. 

He defended the action, while insisting that the increase should remain. He made his defence known at an investigative hearing held by the Senate Committee on Power last week. 


Comments

Popular posts from this blog

Beware Fake Augmentin 625mg Tablets In circulation - The National Agency for Food and Drug Administration and Control (NAFDAC)

The National Agency for Food and Drug Administration and Control (NAFDAC) is alerting Nigerians of a fake Augmentin 625mg tablets in circulation within the country. The agency released the statement below: "No inscription “manufactured by” is written on the label, only the address. Manufacturing and Expiry dates do not meet the acceptable format. No MAS scratch number for verification. The logo “gsk” is not properly positioned as on the original. “Please note that the genuine Augmentin 625mg has legible product labeling information including date markings – expiration and manufactured dates, batch number and NAFDAC registration number. “NAFDAC’s advice to wholesalers, distributors and pharmacies is that medicines should be obtained from authorised/licensed suppliers, increased vigilance is hereby encouraged within the supply chain to avoid infiltration of the falsified product. The products’ authenticity, physical condition and labels should be carefully checked.  “NAFDAC implores...

Ed Sheeran Reacts To Claims He Turned Down Invitation To The Coronation Concert Of King Charles

The Coronation of King Charles will take place on May 6. There were earlier reports by some media houses that Adele and Ed Sheeran are unable to perform at King Charles coronation concert King Charles coronation concert: Ed Sheeran reacts to claims he turned down invitation A spokesman for Ed Sheeran has rejected claims British singer-songwriter turned down an offer to perform at King Charles coronation concert. The Metro UK quoted the spokesperson of the Perfect singer as saying, neither Ed nor his team has even been ‘approached’ about a possible performance at coronation concert. The Daily Mail had reported the monarch had selected the pair personally and was 'very keen' for them to play. Meanwhile, Buckingham Palace said twelve newly commissioned pieces of music will play at the coronation of Britain's King Charles at Westminster Abbey, including Greek Orthodox music, with the 18th century "Zadok the Priest" also to be featured.

Breaking! BDC Operators Close Operations In Abuja - Over Dollar Scarcity

Bureau De Change operators have announced shut down of operations in Abuja as a result of unavailability of the dollars,  The Chairman of the association, Abdullahi Dauran, made the announcement on Wednesday. The chairman of the Association of Bureau De Change Abuja chapter, issued the directive to stop sales as the exchange rates in both the official and parallel markets have become unfavourable. Dauran attributed the closure to online business transactions and cryptocurrency. Echoblog spoke to Jamilu a BDC owner who also confirmed the news. The closure of business would take effect from Thursday, February 1, 2024. On Tuesday naira closed at an all-time low of N1,482 against the United States dollar on the official window. It stayed stable at N1,450/$ at the parallel market.