News
Palaver! ‘Electricity tariff to rise by 300%’
Power companies will be allowed to raise electricity prices to N200 ($0.15) per kilowatt-hour from N68 for urban consumers this month, the Bloomberg news agency, citing sources, reported Tuesday.
It was learnt that these customers represent 15% of the population that the government says consume 40% of the nation’s electricity, the agency said.
Bloomberg said Nigeria plans to almost triple energy prices within weeks. It quoted people in the presidency with knowledge of the matter saying this was in a bid to attract new investment and slash about $2.3 billion spent to cap tariffs (subsidies). According to the news agency, “Nigerians will now have to pay $2.42 per one million British thermal units from the previous rate of $2.18 MMBtu.”
This revelation is coming in the wake of Monday’s announcement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of an increase in the price of natural gas, which is used to generate more than 70% of electricity in Nigeria.
Prince AbdulKadir Mahe, the Chief of Staff to Kwara State Governor AbdulRahman AbdulRasaq, is dead.
He passed away on Saturday morning, December 28, 2024.
He will be buried today at his home on Moro Street, Adewole Estate, Ilorin, after the Asr prayer.
The governor and others have sent their sympathies to his family and loved ones.
The Chief Press Secretary to the Governor, Rafiu Ajakaye confirmed the development also confirmed in a statement.
The statement said: “In total submission to the will of Allaah, we regret to announce the passing of the Chief of Staff to His Excellency, Prince AbdulKadir Mahe.
“He died this morning, December 28, 2024, as has been destined by Allaah.
“The late CoS will be buried today at his residence on Moro Street, Adewole Estate, Ilorin, after the Asr prayer.
His Excellency deeply mourns the death of Prince AbdulKadir Mahe, a perfect gentleman, community leader, urbane public servant, and a statesman.
“The governor commiserates with the Emir of Ilorin, Alh. Ibrahim Sulu-Gambari, the immediate family of Prince AbdulKadir; government establishments; and cabinet members.
“We ask for the understanding of everyone at this mournful period as the government and family mourn the quintessential public servant.
“We pray that Allaah accept his return, ease his accounts, admit him to al-jannah Firdaus, and uphold his family upon goodness
The Transmission Company of Nigeria (TCN) has announced planned power outages in certain areas this weekend to allow for maintenance work on its transmission equipment.
According to a statement by the General Manager of Public Affairs, Mrs. Ndidi Mbah, the exercise is aimed at ensuring better service delivery.
On Saturday, December 28, 2024, from 9:00 a.m. to 1:00 p.m., Gwagwalada and nearby communities will experience a temporary power outage. This is to allow engineers to perform maintenance on a 60MVA transformer and related switchgear at the Gwagwalada Transmission Substation.
Similarly, on Sunday, December 29, 2024, power will be interrupted in several areas, including Wuye, EFCC, Federal Medical Centre, Coca-Cola, Idu Railway Station, Citec, and Life Camp. The outage will occur from 9:00 a.m. to 1:00 p.m. as engineers carry out work on another 60MVA transformer at the Kukwaba Transmission Substation.
In the statement, TCN apologized for the inconvenience caused by the outages and sought the understanding of affected customers. It emphasized the importance of the maintenance work to ensure the power equipment functions optimally. “TCN apologizes for the inconvenience this may cause, especially during the end-of-year season. However, it is important that maintenance is carried out as scheduled for optimal performance of power equipment,” the statement read.
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