News
Just in: Kaduna Electric Increases tariff to N209.5/kwh
By Kayode Sanni-Arewa
Kaduna Electric has announced increase of its tariff for customers on band A feeders from N206.80/kwh to N209.5/kwh.
The announcement was contained in a notice to customers on Wednesday, July 3 by the head, Corporate Communications, Abdulazeez Abdullahi.
“The management of Kaduna Electric informs the public of an upward review in the tariff of Band A feeders from N206.80/kwh to N209.5kwh,” the energy firm said.
According to the notice, the upward review which took effect from Monday July 1, 2024.
The new tariff change affects customers on prepaid and postpaid customers.
The Kaduna Electric Public Notice, noted that despite the hike, the tariffs for band B, C, D, and E, remained unchanged.
Recall that on Tuesday, the Minister of Power, Chief Adebayo Adelabu restated the cheapness of the band A tariff in comparison to self energy generation in the country.
He said Band A consumes 40 percent of the energy in the Nigerian Electricity Supply Industry (NESI).
The upward review by Kaduna Electric is an indication that the other 10 electricity Distribution Companies (DisCos) will announce their hike in the coming days.
The company assured its affected customers of a minimum of 20 hours to 24 hours power supply.
News
Reps Quiz Federal Polytechnics Damaturu, Mubi, Monguno Over Infractions
By Gloria Ikibah
News
Obasanjo narrates how he escaped becoming drug addict
Former President Olusegun Obasanjo has revealed how he almost became a drug addict.
He spoke in Abeokuta over the weekend at the second edition of ‘Fly Above The High’ anti-drug campaign conference organised by the Recovery Advocacy Network.
Obasanjo stated that smoking during his youthful age led to chronic coughing and almost became an addiction.
The former President, while lamenting the increase in drug abuse among Nigerians and other West Africans, urged Nigerian students and young people to refrain from abusing psychoactive drugs, saying that they ruin life rather than enhance it.
“If I had persisted, I could have become addicted. Once you get involved, it is difficult to get out.
“There’s nothing drug can do for you except destruction.
“We found out that West Africa has equally been a centre for drug consumption in a very bad way. That was more than 10 years ago, so the situation has since gone worse. And whatever applies to West Africa applies to all other parts of Africa,” Obasanjo said.
He cautioned against stigmatization and urged individuals who are already addicted to psychoactive drugs to get help.
News
We saved $20bn after Petrol Subsidy Removal and FX Rate Reforms, Says Finance Minister
Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from petrol subsidy removal and market-based pricing of the foreign exchange rate.
Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.
“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on PMS; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.
“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”
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