The NERC’s decision to adjust tariffs underscores the complex challenges facing Nigeria’s energy sector. With ongoing discussions and debates surrounding the issue, the path forward remains uncertain, as stakeholders continue to advocate for a fair and sustainable solution to the country’s electricity woes.
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#EndSARS: We’re sorry, Osinbajo begs Nigerians
Vice President Yemi Osinbajo has apologised to Nigerians, especially the youth who have been victims of police brutality mostly exhibited by some elements within the disbanded Special Anti-robbery Squad unit.
The VP said Nigerians were right to be angry at the government’s silence on issue in Nigeria over time, adding that “we could’ve moved faster and for this we are sorry.”
Osinbajo stated this Friday in a series of tweet on his verified Twitter account.
The tweets read, “Dear Nigerians, I know that many of you are angry, and understandably so. We could’ve moved faster and for this we are sorry. I fully understand how many young people feel. Many feel that we have been too silent and have simply not done enough. These feelings of frustration are justified.
There are far too many people who have been brutalised at the hands of the police and this is unacceptable. We must take responsibility for protecting young people, even sometimes from those who are paid to protect them.
“Over the past week, we have been following themes protests, and I have had a number of discussions with key people in the administration that you deserve to be informed about. Transparency, after all, is a key tenet of government.
Several meetings have been held with: the @SPLawan, @femigbaja, the Chief of Staff to @MuhammaduBuhari, Chairman of the @PoliceServiceC2, the IG of @PoliceNG (IGP), the Executive Secretary of @NHRCNigeria, and governors.
We understand that you want to see action from us and I’m here to tell you that work is ongoing. I chaired a meeting of 36 state governors and the minister of the FCT (NEC), where we resolved to set up judicial panels of inquiry so we can see justice served, and fast; the reason being that only state governors, by law, can set up judicial inquiries in their states. The hearings will be public.
With Mr. President’s approval, SARS has been completely disestablished, and none of its former members will feature in any police tactical units.
I am sending my deepest condolences to the families of Jimoh Isiaq, and all those who have lost their lives at the hands of wayward police officers. To those injured, I wish a full and speedy recovery.
We have proposed that each state government set up a Victims’ Support Fund, which @NigeriaGov will support. This is the least that we can do to compensate for the injustice suffered at the hands of errant officers.
We also understand that the issues that you’re raising are bigger than just SARS. They’re deep and systemic and we’re undertaking comprehensive measures that will revamp the police by addressing issues of welfare, service conditions and training.
On Monday, Mr President also reiterated his commitment to these extensive police reforms.
We will continue to update and engage with you all on these action steps and the ones to come, in the spirit of transparency, so that you can hold us accountable. We are, after all, here to serve you and we owe you a duty to win back your trust.”
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Why Atiku is afraid of the coastal highway project success – Presidency
Why Atiku is afraid of the coastal highway project success – Presidency
The presidency announced yesterday that Atiku Abubakar, the Peoples Democratic Party’s (PDP) presidential candidate in the last election, is opposed to the proposed Lagos-Calabar Coastal Highway because it will end his presidential campaign in 2027.
According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, “If not blinded by political ill-will, Atiku knows that the right thing for him to do is to applaud President Bola Tinubu for the ambitious and audacious Lagos-Calabar Highway, which the Federal Executive Council authorised.”
In a statement released on Sunday, Atiku accused President Tinubu of a conflict of interest in awarding the project to Hitech, a company owned by his business partner, the Chagoury family.
The former vice president also revealed that Seyi Tinubu is a board member of one of the companies owned by Chagoury family, saying that demolishing structures to give way for the coastal highway will impede foreign direct investment into the country.
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But reacting to Atiku’s statement, Onanuga said there was no conflict of interest anywhere. Seyi Tinubu is an adult and can conduct his lawful business anywhere in the country or elsewhere.
The special adviser also explained that the statement credited to Atiku that Nigeria is now the fourth economy in Africa was no longer news but added quickly that the country would soon bounce back to become the first economy in the continent.
He said: “Atiku has been waging an unrelenting war against this all-important and transformative project for no justifiable reasons other than bad politics.
“Atiku knows that its grand success and other projects to be unfurled, such as the Badagry-Sokoto superhighway, will be a major boost for President Tinubu and finally upend his perennial presidential ambition.”
He also said that the IMF’s reclassification of the Nigerian economy as the fourth largest in Africa is stale news. This happened because of the devaluation of the naira and President Tinubu’s determined effort to set the economy on sustainable growth.
“Under President Tinubu’s progressive, bold, inventive, and innovative leadership, Nigeria will bounce back to where it rightfully belongs as Africa’s largest market and biggest economy.”
Why Atiku is afraid of the coastal highway project success – Presidency
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Electricity customers insist on reversal of tariff increase, scorn reduction
Electricity customers insist on reversal of tariff increase, scorn reduction
Nigerians across various sectors have voiced their dissatisfaction with the Nigerian Electricity Regulatory Commission’s (NERC) decision to reduce the tariff payable by Band A customers. Despite the reduction from N225/kWh to N206.8/kWh, stakeholders including the Nigeria Labour Congress (NLC), Trade Union Congress (TUC), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, electricity consumers, and civil society organizations are calling for a complete reversal to the subsidy era tariff.
The initial tariff hike, implemented just 33 days prior, saw a staggering 240 per cent increase in electricity tariffs for Band A customers. This move, which withdrew subsidies completely from Band A consumers, was met with widespread criticism and opposition from various quarters.
While the Federal Government cited potential savings of N1.5tn as justification for the tariff adjustment, concerns have been raised about the impact on consumers, particularly the financially vulnerable. The House of Representatives, organized labor, and the Nigerian Bar Association have all condemned the hike, with calls for its suspension and reversal.
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Defending the increase, Minister of Power Adebayo Adelabu warned of a nationwide blackout within three months if the tariff hike was not implemented. Despite opposition, government spokesperson Florence Eke asserted that the tariff adjustment would remain in place.
However, in a surprising turn of events, the NERC announced an eight per cent reduction in tariffs for Band A customers, attributing the decision to changes in macroeconomic indices, particularly the appreciation of the naira against the dollar. Following the NERC’s directive, several electricity distribution companies (Discos), including Abuja, Ikeja, and Ibadan, promptly announced the implementation of the tariff reduction.
While the reduction may provide some relief to consumers, stakeholders remain skeptical, emphasizing the need for broader reforms in the energy sector. Critics argue that mere tariff reductions do not address fundamental issues such as inadequate fuel supply and the overall inefficiency of the electricity supply system.
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Nigerian varsity VC suspended over alleged gross misconduct
Nigerian varsity VC suspended over alleged gross misconduct
In an unexpected turn of events, the Governing Council of the University of Cross River State (UNICROSS) has suspended Vice-Chancellor Augustine Angba on allegations of severe misconduct.
The decision was reached at a meeting of the Governing Council on Monday, May 6, 2024, where they resolved to release Angba of his duties with immediate effect.
The council has nominated Professor Stephen Oshang of the Faculty of Agriculture to serve as the interim Vice-Chancellor until further notice.
The suspension comes on the heels of a vote-of-no-confidence passed by some staff members of the university on January 17, 2024.
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The staff, who were protesting the non-payment of five months’ salary arrears, had carried placards with slogans like “This Management and the VC must go” and “We don’t want them any longer.”
Angba had previously criticized the staff unions, claiming that four members had hijacked the union and incited others to protest on the streets.
However, the Governing Council’s decision suggests that they found merit in the allegations against the embattled Vice-Chancellor.
Despite several attempts, Vanguard efforts to reach the university’s spokesperson, Mr. Onen Onen, for comments on the matter were unsuccessful, as his phone line was not answered at the time of filing this report.
Similarly, Professor Angba’s phone line was busy when contacted.
Nigerian varsity VC suspended over alleged gross misconduct
(Vanguard)
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