Connect with us


BIG STORY

Reps Ask NERC To Revert To Old Electricity Tariff For “Band A” Again

Published

on

The House of Representatives has issued a directive to the Nigerian Electricity Regulatory Commission (NERC) to reinstate the previous electricity tariff for Band A customers.

This decision was made on Tuesday, following the adoption of recommendations presented by Victor Nwokolo, Chairman of the House Committee on Power.

The report, which was adopted by the Committee of the Whole, chaired by Deputy Speaker Benjamin Kalu, calls for a reversal to the old tariff regime for Band A customers.

This move is aimed at addressing concerns over the recent tariff hike and its impact on consumers.

By adopting this resolution, the House of Representatives is seeking to provide relief to affected customers and ensure a more affordable electricity supply.

On April 3, NERC approved an increase in electricity tariff for customers under the Band A classification.

The commission said customers under the category, who receive 20 hours of electricity supply daily, would begin to pay N225 per kilowatt (kW), starting from April 3 — up from N66.

The tariff was further reduced to N206.80/kW on May 6.

Defending the tariff hike before the senate committee on power on April 29, Adebayo Adelabu, minister of power, said the federal government could not afford to pay subsidies on power anymore.

He said for the sector to be revived, the government needs to spend about $10 billion annually in the next 10 years.

Presenting the report, Nwokolo said NERC should revert to the previous tariff as earlier contained in the motion of the house when it was considered.

“And that within 60 days, they should comply with the provisions of Section 116(2d), (3b), of the Act,” Nwokolo added.

He said the house also resolved that an independent team of experts should be consulted by the joint committees to investigate what should be the actual cost of electricity tariff.

Nwokolo said the lawmakers also resolved that all electricity distribution companies should revert to the old tariff pending the resolution of the matter by the house.

“In conclusion, the joint committees is that the implementation of the tariff increase should be over a period of time, it should be in phases not what they have just done, it should be in phases,” he said.

On April 30, the house of representatives asked NERC to suspend the implementation of the new tariff.

The lower legislative chamber passed the resolution during a plenary session, following the adoption of a motion of urgent public importance.

The motion was sponsored by Nkemkanma Kama, a Labour Party (LP) lawmaker from Ebonyi state.

BIG STORY

UBA Foundation Announces 2024 National Essay Competition With Double Grant Prize Increase

Published

on

UBA Foundation, the Corporate Social Responsibility (CSR) arm of the United Bank for Africa (UBA) Plc, has launched the 2024 edition of its prestigious National Essay Competition (NEC), unveiling a significant 100% increase in the educational grants for top winners.

Now in its 14th year, the NEC is an initiative designed to foster literacy, critical thinking, and healthy competition among secondary school students, while providing future leaders with the financial support needed to pursue higher education.

This year’s competition invites senior secondary school students to submit essays on the topic: *”The Impact of Carbon Emission on Climate in Nigeria: Discuss the Challenges and Proffer Solutions.”* This theme aligns with global climate change efforts, encouraging students to engage with one of the most pressing environmental challenges.

Out of thousands of entries, 75 finalists will each receive a N75,000 grant before competing in a regional essay-writing competition held in Abuja, Enugu, Lagos, and Port Harcourt. From there, the top 20 finalists will vie for the grand prizes: N7.5 million for first place, N5 million for second place, and N3.5 million for third place. In addition, all 20 finalists will receive laptops and other educational tools to enhance their academic pursuits.

In a new initiative this year, teachers from the top three schools with the highest number of entries will also be rewarded for their efforts in encouraging participation.

Essays will be judged by a panel of esteemed English professors from across Nigeria, with winning submissions evaluated on originality, depth of insight, and creativity.

Speaking at the launch, Bola Atta, Managing Director/CEO of UBA Foundation, emphasised the Foundation’s commitment to education as a catalyst for development. “At UBA Foundation, we recognize the transformative power of education. Through this competition, we are not only helping young Africans realize their potential but also equipping them with the resources to shape the future of our continent. We are committed to empowering youth to dream big and achieve greatness.”

Atta further explained the decision to increase the prizes: “We understand the financial challenges many families face, especially given Nigeria’s current economic climate. By increasing the grant prizes, we aim to make a clear statement about our unwavering dedication to African education. This adjustment reflects our awareness of the rising cost of quality education and ensures that outstanding students can pursue their academic dreams without financial barriers.”

The National Essay Competition has also been extended to other African countries where UBA operates, expanding opportunities for students across the continent to benefit from these educational grants.

As a cornerstone of UBA Group’s CSR strategy, UBA Foundation continues to make a positive impact through various initiatives. The Foundation’s “Read Africa” program has donated hundreds of thousands of books to students across the continent, while the National Essay Competition has enabled countless students to further their education and change their lives.

Continue Reading

BIG STORY

JUST IN: Governor Sanwoolu Approves N85,000 As Minimum Wage In Lagos

Published

on

Governor Babajide Sanwoolu of Lagos State has approved N85,000 as minimum wage for civil servants in the state.

This is in line with the federal government’s approval of N70,000 as minimum wage in Nigeria.

Governor Sanwoolu made this announcement on Channels TV this night in an interview session.

 

More to come…

Continue Reading

BIG STORY

Describing Killers Of SuperSport Crew As ‘Non-State Actors’ Wrong — British Diplomat Tells Peter Obi

Published

on

British High Commissioner to Nigeria, Catriona Laing, has described the description of the killers of the Supersport crew as “non-state actors” as wrong.

Laing made this known during a visit to Labour Party presidential candidate, Peter Obi, in Abuja.

According to her, “When you have people killing innocent people, you shouldn’t describe them as non-state actors.

“They are criminals, they are murderers and that is how they should be described.

“Describing them as non-state actors somehow suggests that there is some sort of legitimacy or justification or explanation or mitigation.

“There is absolutely no justification or explanation or mitigation for killing people.”

Laing expressed concern over the growing insecurity in Nigeria, particularly in the Southeast.

“The level of violence, particularly in the Southeast, is of huge concern.

“We are very worried about the security situation and the impact it is having on the citizens.”

Continue Reading



 

Join Us On Facebook

Most Popular