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No 65% electricity tariff hike but price adjustment coming, FG insists
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By Francesca Hangeior
The Federal Government has said it spends N200bn to subsidise electricity monthly.
According to the government, this amount benefits the wealthiest 25 per cent of Nigerians rather than those who truly need assistance.
The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, stated this in a statement on Monday.
Verheijen is reacting to reports quoting her as stating that the electricity tariff would soon be jerked up by two-thirds in order to strengthen the power sector.
The special adviser did not deny the looming tariff hike, she however maintained that she did not say the tariff would be raised by 65 per cent.
“It has become necessary to clarify media reports suggesting an imminent 65 per cent increase in electricity tariffs.
“This is a misrepresentation of what I actually said in a recent press interview. I highlighted the fact that, following the increase in Band A tariffs in 2024, current tariffs now cover approximately 65 per cent of the actual cost of supplying electricity, with the Federal Government continuing to subsidise the difference,” she said.
Verheijen noted that while the government was indeed committed to ensuring fairer pricing over the long term, the immediate focus is on taking decisive action to deliver more electricity to Nigerians, ensure fewer outages and guarantee the protection of the poorest and most vulnerable Nigerians.
In line with these, she disclosed that the Federal Government’s power sector priorities include working towards a targeted subsidy system to ensure that low-income households receive the most support.
“Today, the Federal Government spends over ₦200 billion per month on electricity subsidies, but much of this support benefits the wealthiest 25 per cent of Nigerians rather than those who truly need assistance. To address this, the Federal Government is working towards a targeted subsidy system to ensure that low-income households receive the most support. This approach will make electricity more affordable and accessible for millions of hardworking families,” she stated.
On the fear that unmetered customers would be made to pay for services not enjoyed if the tariff is increased now, she stressed that the Federal Government would address this through the Presidential Metering Initiative.
“One of the most significant steps in this reform is the Presidential Metering Initiative, which is accelerating the nationwide rollout of 7 million prepaid meters, starting this year. This will finally put an end to the practice of estimated billing, giving consumers confidence in what they are paying for and ensuring transparency in electricity charges.
“Metering will also improve revenue collection across the sector and will attract the investments needed to strengthen Nigeria’s power infrastructure,” she explained.
He revealed that the Federal Government is addressing one of the major roadblocks to improved service: the mounting debts owed to power generation companies.
“For years, these debts have prevented investments in new infrastructure and hampered efforts to improve electricity supply.
“By clearing these outstanding obligations, the government is ensuring that power companies can reinvest in better service delivery, stronger infrastructure, and a more stable electricity supply for all Nigerians,” she said.
Verheijen added that through a range of fiscal incentives, including Value Added Tax and Customs Duty Waivers, the Federal Government is working to lower the cost of alternative power sources such as Compressed Natural Gas and Liquified Petroleum Gas.
She added, “The government fully understands the economic realities facing citizens and is committed to ensuring that reforms in the power sector lead to tangible improvements in people’s daily lives.
“Every policy is designed with the Nigerian people in mind — eliminating unfair estimated billing, ensuring that subsidies benefit the right people, and creating the conditions for stable, affordable electricity.
“These reforms are laying the foundation for better service delivery, expanded access to electricity for homes and businesses, and unlocking prosperity for all Nigerians.”
News
“I fervently believe Obi will not go back on his one-term in office promise” – Rabiu Kwankwaso
The Vice-Presidential candidate of the Nigeria Democratic Congress (NDC) for the 2027 election, Rabiu Kwankwaso, has expressed confidence that the party’s presidential candidate, Peter Obi, will honour his pledge to serve only one term in office before handing over to a candidate from Northern Nigeria in 2031.
Obi, a Southerner, vowed to serve one term if elected President to complete the eight-year term of a Southerner that has been started by President Tinubu.
Speaking on Channels Television’s Politics Today on Monday, July 20, the former Kano State governor said he has no doubts that Obi will fulfill his agreement.Politics
Kwankwaso also disclosed that he and Obi have signed an agreement with the party and with each other.
News
Nigerian Army disowns fake SSCC Course 50/2027 recruitment advert
The Nigerian Army on Monday disowned a fake advertisement circulating on social media and other online platforms, inviting applications for the Short Service Combatant Commission (SSCC) Course 50/2027.
This was contained in a statement made available to Defence Correspondents in Abuja by the spokesperson of the Service, Colonel Appolonia Anele.
According to the statement, “the Nigerian Army categorically states that this advertisement is false, fraudulent and did not emanate from the Nigerian Army.”
The statement warned members of the public to disregard the fake advertisement and urged prospective applicants not to apply through, patronise or make payments to any individual, group or website claiming to conduct recruitment on behalf of the Service.
It emphasised that all recruitment and commissioning exercises were strictly free, transparent and merit-based, and that official recruitment announcements were made only through national newspapers, the Nigerian Army’s verified social media platforms and other recognised official communication channels.
It declared that “no form is sold and no person or agent is authorised to facilitate recruitment or demand payment at any stage of the process”.
It advised those behind the criminal act to desist immediately, adding that security agencies had been activated to identify, arrest and prosecute all individuals involved in producing, circulating or using the fake advertisement to defraud innocent Nigerians.
The statement warned that anyone found culpable would face the full weight of the law.
The statement reaffirmed that the Nigerian Army remained committed to maintaining the integrity of its recruitment process and urged members of the public to verify all recruitment information through official Nigerian Army channels only.
Suspicious recruitment activities should be reported immediately to the nearest military formation or security agency.
News
HoS exposes irregularities in PFIPC documents as Reps probe begins
The Office of the Head of the Civil Service of the Federation and the Central Bank of Nigeria have distanced themselves from the establishment and operations of the Presidential Foreign Investment Promotion Council and the Presidential Economic Advisory Council as the House of Representatives continued its investigation into the bodies’ alleged creation without a valid legal framework.
According to Vanguard, both institutions made the disclosures on Monday while appearing before the House Ad-hoc Committee probing the councils’ legal status and operations.
The Head of the Civil Service of the Federation, Mrs Didi Esther Walson-Jack, told the committee that her office had no constitutional responsibility for establishing government agencies, explaining that its role was limited to approving the administrative structures of federal agencies.
“The approval and establishment of agencies is not within the purview of the Office of the Head of the Civil Service of the Federation. However, the OHCSF is responsible for approving the administrative structure of federal government agencies,” a representative of the office told lawmakers.
The official disclosed that the council applied for approval of its organisational structure on August 6, 2025, but the request was declined because it failed to provide the required supporting documents.
“From our records, the council submitted a request to the OHCSF for approval of its organisational structure on the 6th of August, 2025, without providing the requisite documents. Consequently, the request was not granted,” the representative said.
The OHCSF, however, confirmed that officials of the Presidential Economic Advisory Council and the Presidential Foreign Investment Promotion Council sought an establishment and recruitment waiver during the 2025 annual manpower budget defence.
According to the office, the council stated that it had been operating mainly with personnel deployed or seconded from other government institutions and later requested approval for 314 positions, comprising 14 existing staff and 300 additional positions.
The office also informed lawmakers that it later discovered irregularities in the documents presented by the council as its legal basis.
“It was observed that the document presented by the council as its enabling law or legal instrument did not really carry the requisite features,” the representative said.
Walson-Jack also denied claims that her office deployed civil servants to the council or allocated office accommodation to it.
“We wish to state that there was no deployment of staff by the Office of the Head of the Civil Service of the Federation to the council,” she said, adding that issues relating to the establishment and supervision of the council were the responsibility of the Office of the Secretary to the Government of the Federation and other relevant institutions.
Also appearing before the committee, the Central Bank of Nigeria said two foreign currency accounts opened for the Presidential Economic Advisory Council and the Presidential Foreign Investment Promotion Council remained inactive with no funds.
Representing the CBN Governor, Director Hamisu Abdullahi said the accounts were opened following a request from the Office of the Accountant-General of the Federation.
“On July 30, 2025, we received a mandate dated July 29, 2025, from the Office of the Accountant-General of the Federation to open one United States dollar domiciliary account and one Pound Sterling domiciliary account,” Abdullahi said.
He explained that the accounts were never activated because the council failed to provide authorised signatories.
“Those two accounts remain inactive with zero balance and have never been operated,” he said.
Abdullahi added that no financial transactions, including foreign exchange allocations, remittances, inflows or outflows, had been recorded on the accounts since they were opened.
Following the submissions, Chairman of the House Ad-hoc Committee, Abdulmalik Danga, directed the apex bank to submit complete records relating to the accounts.
“We want details of account activities relating to the Presidential Foreign Investment Promotion Council as well as the Presidential Economic Advisory Council. From the opening of the accounts to their last status, this committee wants the complete records,” Danga said.
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