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Reps Reject Move To Increase Electricity Tariffs
The House of Representatives has rejected moves by the Nigeria Electricity Regulatory Commission (NERC) to approve any increase in electricity tariff.
The resolution followed a motion by the Deputy Minority Whip, Rep Aliyu Madaki at the plenary in Abuja, yesterday.
In his motion, he expressed concern over the suspense created by the planned increase in electricity tariff by Distribution Companies (DISCOs)
The lawmaker recalled that DISCOs recently alerted customers of a planned electricity tariff hike, hinging it on the Multi-Year Tariff Oder (MYTO).
He cited a circular issued to that effect by the distribution firms, adding that effective July 1, 2023, there would be an upward review of the electricity tariff influenced by fluctuating rates.
He said, under the MYTO, 2022 guidelines, the previous exchange rate of N 441/$1 might be revised to approximately N750/$1 which would have an impact on the tariffs associated with electricity.
He said under the planned hike, consumers within ‘B’ and ‘C’ with supply hours ranging from
12–16 hours per day would pay N100 per KWh, while Bands ‘A’ with 20 hours and above
He said consumers within and ‘B’ with 16–20 hours, would experience comparatively higher tariffs, for customers with prepaid metre, whereas, for those on estimated billing, a significant increment was expected.
He said the recent statement by the Abuja Electricity Distribution Company (AEDC) directing its consumers to disregard the earlier notice of the increase in the electricity tariffs hike was confusing.
He added that members of the public were confused as to what to believe.
The lawmaker said the proposed increase is coming in spite the inability of the operators to meet the threshold of supplying at least 5,000 megawatts per year.
This, he said, was after signing the contract with NERC, adding that it was insensitive to come up with price increase of such magnitude at this time when many Nigerians were yet to come to terms with the fuel increase.
Contributing to the motion, Rep. Babajimi Benson (APC-Lagos) and Rep. Olumide Oshoba (APC-Ogun) called for caution in view of the pain the Nigerians are going through occasioned by the removal of fuel subsidy.
Benson noted the increase cost of infrastructure, which companies must strive to cover.
Osoba however said that it was impossible to control prices for a deregulated market.
Rep. Satomi Ahmed (APC-Borno) and Ali Isa JC (PDP-Gombe) insisted that the burden of the subsidy removal on Nigerians was still huge to bear in addition to any tariff hike for electricity.
Ahmed said there had been virtually no investment in infrastructure since the DISCOs took over distribution of power, as communities are still procuring transformers in order to be connected.
Adopting the motion, the House mandated its Committee on Power when constituted to interface with NERC with a view to finding a common ground to addressing the proposed hike in the interest of Nigerians.
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Let’s Approach Regional Development Issues Differently – Fubara …As S’South Govs Host Fubara To 50th Birthday Celebration
Rivers State Governor, Sir Siminalayi Fubara, has sued for a change in the current approach adopted by South South Governors in their pursuit to achieve holistic regional development and economic prosperity.
The governor insisted on de-emphasis in vested individuals’ political interests while looking at the bigger picture of achieving enduring regional integration that will strengthen unity of purpose to change the trajectory of development in the region.
Fubara made the appeal during the meeting of Governors of South-South States, under the auspices of BRACED Commission, at the Bayelsa State Government House in Yanagoa on Tuesday.
This was contained in a statement by the Chief Press Secretary to the Governor, Nelson Chukwudi.
BRACED is an acronym for Bayelsa, Rivers, Akwa Ibom, Cross River, Edo and Delta.
He said: “I want to appeal that if we have to succeed in this drive, we need to keep our political differences aside and understand that the struggle, as at today, is for posterity, for the development of our region.
“It is really sad that in Niger Delta that is the economic base of this country, the construction of a road that you tagged ‘East-West Road’ could be an issue, that we need to beg, protest, and complain to get it fixed. I don’t think it is proper.”
Governor Fubara stated that it is not that the federal authorities do not understand that Niger Delta needs the road but quickly added that they have seen that even the people of the region do not take themselves seriously.
The governor said the moment Niger Delta people stopped playing to the gallery, and place value on themselves, outsiders will have no option than to accord the region and its people due regard.
Fubara said: “On my part, I want to say this: This is not the first time we are meeting. For me, I followed the course of the region meeting in a forum that we tagged “BRACED Commission.”
“BRACED Commission is also one of the bodies that was constituted at that time to support and work out development strategies for this region. But what I am seeing today is just limiting this meeting to only BRACED COMMISSION.
“We need to widen the scope where other leaders of the region should be part of the discussion of the development of the region, and I think this is the direction that will help the region.”
Reading the Communique of the meeting, the new Chairman of the Forum of Governors of South-South States, and Governor of Bayelsa State, Senator Douye Diri, said they support the Federal Government Tax Reform Bills, and urged President Bola Tinubu to extend the Value Added Tax (VAT) sharing percentages to oil and gas derivation.
He stated the Forum’s request to the Federal Government to urge relevant stakeholders and agencies to extend remediation of polluted environment ongoing in Ogoni land to other impacted communities and States in the region.
Governor Diri also said that the Forum resolved to establish a structural regional security network to enhance safety and security, foster stable Niger Delta region conducive for economic growth and prosperity.
Highlight of the event was the hosting of Governor Fubara to a surprise 50th Birthday celebration by the Governors of South-South States at the Government House in Yenagoa.
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Fubara Lauds Tinubu For Setting Up Education Load Fund … Vows To Ensure Rivers Benefit Maximally From Scheme
The Rivers State Government has applauded President Ahmed Bola Tinubu for conceiving the idea of setting up the Nigeria Education Loan Fund (NELFUND) which has opened up opportunities for youths to acquire tertiary education irrespective of their financial status.
Rivers State Governor, Sir Siminalayi Fubara, gave the commendation while playing host to a delegation from NELFUND who came on an advocacy visit to the Government House in Port Harcourt on Tuesday.
Represented by his deputy, Prof. Ngozi Nma Odu, Governor Fubara said in developed countries it is common for people to go through school with loans which they sometimes pay all throughout their lives, noting that “for us, it is more accessible and more friendly because you would be required to pay back the loan two years after your National Youth Service.
“It is a win-win situation; it is a situation where the youths in Nigeria should not say because my parents are poor or passed away I cannot improve on my educational growth. This offers them a golden opportunity and I am glad you came for this advocacy.”
The governor urged NELFUND to intensify its advocacy to let the people know how they can benefit from it, adding that it is more important when talking about vocational institutions.
“If you look at the developed countries it is people that went to the vocational schools that make so much money, because it is pricey to get somebody to do anything, we need to instil this into our people, our youths, because people sometimes tend to look down on people that went to vocational schools, it should not be,” he said.
Fubara expressed delight with the NELFUND programme and assured that the State Government would do whatever it can to ensure Rivers State benefits maximally from the scheme.
In his remarks, the Managing Director and Chief Executive of NELFUND, Dr. Akintunde Sawyer, informed the governor that they were in Rivers State to seek the support of the State Government towards the loan, stressing that President Tinubu has directed them to ensure no Nigerian student who has the ability and desire to get educated at tertiary level is denied the opportunity due to lack of funding.
He explained that the scheme provides interest-free loans to students who apply, adding that these loans are not repayable until two years after their Youth Service when they must have gotten a job.
News
UK Appoints British-Nigerian As Trade Envoy To Nigeria
A British-Nigerian politician, Florence Eshalomi, has been appointed as the United Kingdom’s trade envoy to Nigeria.
Her appointment makes Eshalomi the second Nigerian to hold the position.
Confirming her appointment on X on Tuesday, she wrote: “It is an honour to have been appointed as the United Kingdom’s Trade Envoy to Nigeria.
“I’m looking forward to building on my close ties with Nigeria to promote a strong and flourishing economic relationship between our two great nations.
“I am looking forward to strengthening the UK’s relationship with Nigeria to explore shared growth and opportunities for both countries.”
Announcing the appointment in a statement on Tuesday, Jonathan Reynolds, the UK’s Business and Trade Secretary, said the decision was aimed at attracting investment into the UK and boosting economic growth.
“I’ve launched a new team of trade envoys who will use their experience, expertise, and knowledge to unlock new markets around the world for British businesses, attract investment into the UK, and ultimately drive economic growth,” Reynolds said.
Eshalomi, 44, is an MP representing the Vauxhall and Camberwell Green constituency.
She holds a Bachelor of Arts (Hons) in Political and International Studies with Law from Middlesex University.
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