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Electricity Tariff Hike Will Compound Nigeria’s Economic Hardship, Says Atiku

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Atiku Abubakar has joined the growing list of critics faulting the Federal Government’s hike in electricity tariff and believes the move further compounds the citizens’ economic difficulties.

The Nigerian Electricity Regulatory Council (NERC) days ago jacked up the tariff for Band A consumers – those who enjoy at least 20 hours daily supply of power – as part of moves to stop the payment of subsidy on electricity.

But Atiku, the Peoples Democratic Party (PDP) chieftain who was the party’s presidential candidate in last year’s election, says the move will further compound the economic woes of a country battling surging inflation levels pegged at 31.70 per cent.

‘Without a Human Face’

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“The increase in electricity tariff comes at a time when Nigerian citizens are going through excruciating difficulties occasioned by the withdrawal of subsidy on PMS and floating of the domestic currency,” Atiku wrote on his X handle on Friday evening.

“The government has not successfully dealt with the pains associated with the implementation of those measures, and now this. The hike in electricity tariff will create more difficulties for the citizens as inflationary pressures are elevated.

“Our manufacturing sector will similarly be impacted negatively. Not only are they paying higher interest rates on their bank loans but also paying more for diesel, paying higher wages as a result of the new minimum wage. The President’s men are pushing the economy into a deeper crisis. His reforms are without a human face.”

He argued that the rise in tariffs won’t solve the challenges of the sector.

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“It is important that we understand the root cause of the inefficiencies in the power sector before unleashing another dose of reforms. It is time to revisit the privatization exercise that produced the DISCOs,” the former vice president said.

“Tinubu must (a) ensure that these reforms are sequenced, (b) implement measures to mitigate the pain, and (c) hold the NERC responsible for ensuring improved service delivery.”

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Joint Security Patrol Team wastes Kidnapper in gun duel along Enugu/Ukwu Road

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By Kayode Sanni-Arewa

The Joint Security Patrol team led by the Anambra state police command has neutralized a notorious suspected kidnapper along the Enugu/Ukwu road .

The operation according to the state police command spokesperson Tochukwu Ikenga was carried out with local vigilante group who identified the suspect before he was chased and engaged in an exchange before he was neutralized.

The joint security patrol team was said to have responded to a distress call of the planned attack by the gang members of the suspect, before acting swiftly to the scene and engaged them, which led to some of the gang members escaping with bullet wounds.

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One AK 47 rifle, two magazines and five rounds of live ammunition were recovered from the suspect, as manhunt for the fleeing suspects continue according to the police. The Anambra police command urges residents to remain vigilant and report any suspicious activities in their area to the nearest police station for prompt action.

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Just in: Dangote Refinery reduces price of petrol to N970 per litre

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The Dangote Group has announced a reduction in the price of its Premium Motor Spirit (PMS) to N970 per liter.

This was contained in a statement issued by Anthony Chiejina, the Group’s Chief Branding and Communications Officer, on Sunday.
Chiejina stated that the refinery has lowered its petrol price for marketers from N990 to N970 per liter, providing them with a N20 discount per liter.

Furthermore, he emphasized that despite the price reduction, the quality of the company’s products remains uncompromised.

The statement regarding the price adjustment reads:

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“Dangote Petroleum Refinery has effected a reduction in the prevailing price of its Premium Motor Spirit (PMS) from N990/litre to N970/litre for the marketers.

“As the year comes to an end, this is our way of appreciating the good people of Nigeria for their unwavering support in making the Refinery a dream come true. In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being.

While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.

“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”

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Insecurity! Bandits k!ll 7 farmers, burn 50 bags of maize in Niger state

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Bandits have k!lled seven farmers, including a vigilante, and burnt 50 bags of maize inside a truck in Bangi, Mariga Local Government Area of Niger State.

Sources on Saturday, November 23, told Daily Trust that the victims had gone to bring the harvested maize home from their farm when the bandits ambushed them, k!lled all the occupants in the truck and set the truck.

Bandits have killed seven of our farmers who had gone to farm to bring the maize they had harvested home. The attackers hid and waited until after the victims had loaded the 50 bags of maize into the truck and were about to take off to return home when they opened fire on them. After k!lling the victims, they also set the truck and the 50 bags of maize already loaded ablaze,” a source said.

He said it was difficult for farmers in Mariga to harvest their crops this year due to k!llings and kidnappings by bandits.

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