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FG Extends New Electricity Tariffs Suspension by One Week

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The Federal Government has again suspended the implementation of the new electricity tariffs for one week.

The government had earlier on September 28 postponed the take-off date of the tariffs by two weeks after it held a meeting with the organised labour, which was opposed to the hikes in petroleum and electricity prices.

The latest decision was taken on Sunday during a meeting between the FG team led by the Secretary to the Government of the Federation, Boss Mustapha, and the leadership of the Nigeria Labour Congress and the Trade Union Congress.

The parley which held at the Presidential Villa banquet hall, Abuja, adopted the resolutions of the ad hoc technical committee on the electricity tariffs hike reached on October 8 and also agreed on a work plan for the implementation.

The parley also agreed to distribute one million meters to bridge the metering gap in the country in the first instance.

The distribution is expected to commence this week in furtherance of the Acceleration of National Mass Metering Programme.

The programme is expected to distribute a total of 6 million meters to Nigerians free of charge based on the funding by the Central Bank of Nigeria.

The cost of the meters will be recovered from the electricity distribution companies.

The meeting also agreed that the meters should be procured through local meter manufacturers and assemblers.

Reading the communique at 11.40pm, the Minister of Labour, Chris Ngige, said, “The two-week extension for electricity tariffs which expired this week will be extended by another one week.”

The parties agreed to reduce the tariffs by 10 percent for band A, 10.5 percent for band B and 31 per cent for band C.

“The immediate relief would be provided to citizens for a 2 to 3-month period (not later than 31st of December, 2020), being the timeline for the conclusion of an extended scope of work for the Technical Committee,” it noted.

They also agreed to use the Value Added Tax proceeds from the Nigeria Electricity Supply Industry to secure varying levels of relief in customer tariffs across bands A, B, and C, ensuring that all customers receive some form of relief.

Ngige said the approximately N1.7 billion per day subsidy that was being spent on the NESI prior to the September 1st tariff transition would be inserted into the national budget.

In implementing payment discipline measures for the DISCOs, the government agreed to ensure that the salary for electricity workers shall be protected in the revised payment waterfall structure for the NESI.

The meeting tasked the NERC to ensure that the personnel costs of electricity workers should be placed on the first-line charge on the primary collection account.

The process is expected to commence from October 12.

The ad hoc committee was directed to work from October 12 to ensure that all outstanding issues are implemented.

The meeting was adjourned till October 25.

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VP Shettima Embarks on Two-Week Leave

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Vice President Kashim Shettima is schedule to begin a two-week leave this Thursday following the approval of President Bola Ahmed Tinubu. This is the Vice President’s first official leave since assuming office on May 29, 2023, according to a statement by the Senior Special Assistant to The President on Media & Communications (Office of The Vice President), Mr. Stanley Nkwocha.

The statement highlighted that during the period of the leave, the Vice President will devote time to study, reflection and intellectual renewal as part of efforts to strengthen his capacity for continued service to the nation.

The leave offers Senator Shettima an opportunity to review the administration’s ongoing programmes, deepen his understanding of emerging national and global policy issues, and prepare for the responsibilities ahead as the Federal Government intensifies the implementation of the Renewed Hope Agenda.

Since assuming office on May 29, 2023, the Vice President has remained actively engaged in the coordination and supervision of several strategic government initiatives, particularly in economic development, food security, humanitarian affairs, digital transformation, job creation and regional cooperation.

He has also chaired the National Economic Council, which brings together the governors of the 36 states, the Governor of the Central Bank of Nigeria and other relevant public officials to deliberate on policies affecting the economy and the welfare of Nigerians.

Beyond his responsibilities within the country, Vice President Shettima has represented President Tinubu at major international and regional engagements, advancing Nigeria’s position on economic integration, peace and security, climate action, investment and sustainable development.

Senator Shettima remains deeply committed to the ideals of loyalty, duty and service that have defined his role in the administration, as well as to supporting President Tinubu’s efforts to build a more secure, productive and prosperous Nigeria.

The Vice President will return to office at the end of the two-week leave period and resume his official responsibilities with renewed energy and dedication to the service of the nation.

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Tinubu Approves Fresh Salary Increase for Military

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President Bola Tinubu has approved salary increases of between 30 and 80 per cent for personnel of the Nigerian Armed Forces, with about 250,000 officers and men set to benefit from the enhanced remuneration package aimed at boosting troop welfare and morale.

The new salary structure, which takes effect from September 1, will see officers above the rank of Colonel receive a 30 per cent salary increase, while personnel from the rank of Colonel down to Warrant Officer will enjoy a 50 per cent increment. Soldiers from the rank of Private to Staff Sergeant will receive the highest increase of 80 per cent.

The approval will raise the annual salary bill for the Armed Forces from N660 billion to N924 billion.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the salary review underscores the Tinubu administration’s commitment to improving the welfare of military personnel in recognition of their sacrifices in safeguarding the country.

The President noted that members of the Armed Forces have continued to display courage and dedication in confronting banditry, kidnapping, terrorism and other security threats across the country.

“The men and women who help to keep us safe in our homes must be supported and appreciated in the course of their duties to our nation,” Tinubu said.

He assured that his administration would continue to prioritise troop welfare while strengthening the operational capacity of the military through improved equipment and technology.

“Our administration will continue to prioritise troop welfare and modernise the armed forces by providing the weapons and technological tools needed to discharge their duties,” the President stated.

Tinubu stressed that security remains central to national development, saying no country can attain sustainable progress without guaranteeing the safety of its citizens.

“Our administration believes that no nation can achieve greatness without security. We therefore remain resolute in mobilising all military and law enforcement assets to eliminate security threats and protect the lives and property of all Nigerians,” he said.

The President urged military personnel to see the enhanced remuneration as a demonstration of the nation’s appreciation for their service and commitment.

“I urge our servicemen to take our gesture as a sign of our deep appreciation of the services they render to our fatherland. Together we shall prevail over the enemies intent on destroying the fabric of our nation,” Tinubu added.

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Oyedepo Knocks Tinubu over Worsening Insecurity, Economic Hardship

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General Overseer of Living Faith Church Worldwide aka Winners Chapel, Bishop David Oyedepo, has taken a swipe at President Bola Tinubu over the worsening insecurity and economic hardship in Nigeria.

In a viral video shared online, Oyedepo alleged that the Tinubu administration was failing to take decisive action to address the challenges bedeviling the Nigerian people.

The cleric expressed anger over the persistent attacks and killings across the country, issuing a note of warning that Nigerians who have endured the situation for a long time may no longer remain silent.

The General Overseer, however, condemned those behind the attacks and killing of unarmed Nigerians, stating that victims should not be expected to show sympathy towards the perpetrators of the heinous crime.

“The president needs to act now and stop pretending. You can’t slaughter members of my family and expect me to pray for you. I will pray against you and your household.

“The government is pretending like they don’t know what to do. I have been quiet for a long time, but the bubble is about to burst,” he fumed.

He equally accused the government of appearing unaware of the severity of the security crisis, saying leaders had failed to demonstrate the urgency required to protect citizens and restore confidence.

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