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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Coups: ECOWAS sanctions Guinea, Mali …seeks UN, EU, AU, support …says coup unacceptable in Africa
The Economic Community of West African States (ECOWAS) has urged the United Nations (UN), European Union (EU), African Union (AU) and other bodies to support its sanctions on the military junta in Mali and Guinea for forcefully overtaking democratic governments in their countries.
This was the resolution of the ECOWAS Extraordinary Summit of the Authority of Heads of State and Government on Sunday in Accra, Ghana, to review the political situations in the two countries. The body declared coups d’état as unacceptable means of changing governments in Africa.
The communiqué at the end of the 3rd Extraordinary Summit on Guinea and Mali attended by Vice President Yemi Osinbajo, on behalf of the President, stated that “the Authority decides to uphold the suspension of the Republic of Guinea from all ECOWAS governing bodies as well as the travel ban and freeze on financial assets imposed on the members of the CNRD and their family members until constitutional order is restored” in the country.
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On Mali, the ECOWAS leaders at a meeting presided over by President Nana Addo Dankwa Akufo-Addo of Ghana and Chair of the ECOWAS Authority resolved that in “conformity with the decision taken on 16th September 2021, the Authority decides to impose sanctions with immediate effect against individuals and groups who have been identified, including the entire transition authorities and the other transition institutions.”
According to him, the sanctions will also be imposed on the members of their families and these include a travel ban and a freeze on their financial assets.
T he body further instructed the President of the Commission to consider and propose additional sanctions at its next Ordinary Session on December 12 should the situation persist. Osibanjo said in a release by his spokesman, Laolu Akande, that African countries had gone far beyond military coup as a means of changing political actors and that coups were unacceptable.
He added that ECOWAS Heads of State and Government would continue to prevail on the military juntas in Guinea and Mali to return their countries to democratic rule.
The VP, who observed that significant progress had been made in the political situation in Guinea, regretted that not much had been achieved in Mali.
Other decision reached in Guinea by the ECOWAS summit were the reaffirmation of the demand for unconditional release of President Alpha Condé; calling on the Transition Authorities to urgently submit a detailed timetable of activities to be carried out under the transition towards the holding elections in accordance with the decisions of the Extraordinary Summit of ECOWAS Heads of State and Government held on 16th September 2021 and the appointment of Dr Mohamed Ibn Chambas as Special Envoy to Guinea with a view to strengthening dialogue with the Transitional Authorities towards a successful and short transition process.
On Mali, the leaders expressed concerns at the deterioration of the security situation as a result of the heightened political uncertainties in the country while calling on the Transition Authorities to intensify efforts to improve the security situation, especially by ensuring effective state presence in the affected areas.
The Authority also called for a more robust and offensive mandate and enhancement of the operational capacity of MINUSMA to deal with terrorism challenges in Mali. ECOWAS accordingly requested the United Nations Security Council to make the necessary amendments to the mandate of MINUSMA.
It also insisted that the transition timetable regarding the conduct of election in February 27, 2022 be adhered to by the Transition Authorities while condemning the expulsion of the ECOWAS Permanent Representative to Mali.
The summit was attended by the Presidents from Ivory Coast, Senegal, Niger and Guinea-Bissau.
New Telegraph
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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.
News
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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