News
Govt releases power tariff hike guidelines for Discos
As controversies trailed the purported electricity tariff hike by the Federal Government, the Nigerian Electricity Regulatory Commission has issued regulations on the procedure for tariff reviews.
The latest order, signed by NERC Chairman, Sanusi Garba, stated that pursuant to the provisions of the Electricity Act 2023, the commission is obligated to review and approve a fair tariff to allow licensees to recover prudent costs and a reasonable return on capital invested in the business for the provision of electricity services.
It stated that Section 116(1) of the Act provides that activities in the generation, transmission, distribution, trading, supply, system operation, and electricity distribution franchising shall be subject to tariff regulation, saying Section 116(2) further provides for the commission to develop a tariff methodology that allows licensees operating efficiently to recover the full efficient costs of their business activities, plus a reasonable return on investments by shareholders.
“In exercise of the powers conferred in Section 116 of the Act, the commission has developed and adopted the Multi-Year Tariff Order Methodology as an incentive-based price regulation framework for the determination and projection of tariffs payable in the Nigerian Electricity Supply Industry,”
NERC stressed that the Multi-Year Tariff Order methodology provides for a major review of electricity tariffs every five years, during which all tariff assumptions are reviewed to ensure the industry’s viability and efficiency.
One year before the major tariff hike, the commission said it would issue a notice to all licensees about its intention while requesting them to submit applications for the review of tariffs supported with necessary documentation within 120 days of the notice.
“The commission shall, one year before the expiration of the major tariff review order in force or as may be considered necessary, issue a notice to all licensees about its intention to commence the process for a major review of the existing tariff. The notice shall be published in three national dailies and on the website of the commission.
“The Notice shall request for submission of applications for the review of tariffs supported with documentation that includes but not limited to audited financial statements, budgets, investment plans (in line with prevailing guidelines on Performance Improvement Plans), and proof of wide consultation with customers in the licensees’ service area concerning the proposed filing of the application for tariff review and any other information as deemed necessary by the commission,” the regulation stated.
The regulator said an initial review of the applications shall be completed and a consultation paper developed no later than 90 days after the deadline for the submission of the applications.
“The consultation paper developed by the commission shall outline the basis for the tariff review applications by the licensees including their proposals on capital investments, service improvements, new connections, loss reductions, reset of tariff assumptions if any, and possible impact on rates payable by the affected customers.
“The consultation paper shall be published on the commission’s website and public notices issued soliciting comments with a timeline of 21 days for submission by stakeholders. The commission shall within 90 days from the publication of the consultation paper review all comments and schedule and conclude a Rate Case Hearing, having regard to the stakeholders’ responses to the consultation paper,” the regulation stated.
It was stated that all comments and observations received from the public on the consultation paper and the Rate Case Hearing shall be examined and considered in the development of a draft tariff order for the consideration of the commission.
Upon due consideration of the outcomes of the general stakeholders’ presentation and the Rate Case Hearing, the commission said it shall consider and approve a Major Tariff Review Order within 30 days from the date of the Rate Case Hearing held at the commission.
“Any licensee whose tariffs have been reviewed shall communicate the outcome of the tariff review to its customers vide its website and other communication channels,” it said.
For monthly or minor reviews, the commission said it shall review the prevailing operating end-user tariffs and changes may be made thereto to account for changes in generation fuel costs, the Nigerian and United States inflation rates, United States dollar exchange rate to the naira, and average generation availability relative to the preceding month.
The commission also stated that it may, at its discretion, conduct a minor review of end-user tariffs at other short periods but no longer than six months.
The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, has said there would be an electricity tariff review in a few months.
Verheijen said the current N200bn monthly electricity subsidy benefits only the wealthiest 25 per cent, leaving the poor masses in the dark.
She said the government would put in place a subsidy system that works for the masses.
“Today, the Federal Government spends over N200bn 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.
News
Enugu Tanker Explosion: Death Toll Rises to 23 as More Victims Succumb to Injuries
By Kayode Sanni-Arewa
The death toll from the tanker explosion at the Ugwu-Onyeama axis of the Enugu-Onitsha Expressway has climbed to 23, following the deaths of two additional victims who had been receiving treatment in the hospital.
Franklin Agbakoba, the Sector Commander of the Federal Road Safety Corps (FRSC), Enugu State Command, confirmed the latest fatalities on Tuesday in Enugu. He stated that two female victims—one at the University of Nigeria Teaching Hospital (UNTH), Ituku-Ozalla, and another at the National Orthopaedic Hospital, Enugu—succumbed to their injuries after battling for about a week.
The deadly incident occurred on January 25, at approximately 11:30 a.m., when a fuel-laden tanker suffered a brake failure, overturned, and exploded. The inferno engulfed multiple vehicles, killing 11 people instantly before emergency responders could arrive.
The situation worsened in the days that followed:
January 26: The death toll rose to 18.
January 29: The number of fatalities increased to 21.
February 5: The latest update brings the toll to 23.
Following the explosion, emergency personnel, including FRSC officers and the Enugu State Fire Service, swiftly responded to the scene.
The fire was eventually extinguished, and the bodies of the deceased were evacuated, while injured survivors were rushed to major hospitals in Enugu.
According to Agbakoba, five victims were initially admitted to UNTH:
One succumbed to injuries at the end of January.
Another remains hospitalized.
Three victims from the same family were discharged against medical advice and opted for traditional treatment at home.
At the ESUTH Teaching Hospital, Parklane, Enugu:
Three female victims remain hospitalized.
Two patients were referred to the National Orthopaedic Hospital due to severe burns.
At the National Orthopaedic Hospital, Enugu:
One of the three victims admitted six days ago has died.
Two remain in critical condition.
They were later joined by another victim referred from ESUTH.
Agbakoba had previously disclosed that the tragic accident involved 44 individuals, as well as 16 vehicles (both commercial and private) and a commercial tricycle.
In total:
23 people have now lost their lives (8 males and 15 females).
Another 23 sustained injuries and were treated across three major government hospitals:
UNTH Ituku-Ozalla
ESUTH Teaching Hospital, Parklane
National Orthopaedic Hospital, Enugu.
The rising death toll underscores the severity of burn injuries and the urgent need for improved emergency response and medical facilities in Nigeria. Authorities have continued investigations into the accident, with calls for stricter safety regulations for fuel tankers to prevent similar tragedies in the future.
News
AY Reacts As ‘Kissing’ Photos With May Edochie Emerges On Social Media
By Kayode Sanni-Arewa
Nigerian comedian and filmmaker, Ayodeji Richard Makun, popularly known as Comedian AY, has strongly condemned the circulation of AI-generated images depicting him kissing May Edochie, the estranged wife of Nollywood actor Yul Edochie.
The manipulated photos and videos, which surfaced online, falsely show AY and May sharing an intimate moment on a flight to London. Reacting to the controversy in a lengthy Instagram post on Tuesday night, AY criticized the misuse of artificial intelligence for spreading false narratives and urged content creators to channel their talents toward more constructive endeavors.
AY’s Call for Responsible Innovation
Expressing frustration over the situation, AY emphasized the dangers of fabricating stories to tarnish people’s reputations. He highlighted the case of reality TV star Alex Unusual, who had previously faced similar allegations about a romantic relationship with him. He questioned whether people were deliberately attempting to drive away those who work with him.
In his post, AY wrote:
Nigeria is full of potential, and your unique skills—whether in art, music, technology, or entrepreneurship—can drive positive change. Instead of using creativity to attack hardworking individuals, let’s focus on uplifting one another.”
Condemning False Narratives and Cyberbullying
AY warned about the negative impact of false narratives, stressing that social media users must recognize the consequences of their actions.
“At what point will we realize that unity and collaboration yield better results than division? The other time, it was the poor @alex_unusual who is yet to recover from the false narratives about her. Must you all chase away everyone working with me or trying to earn an honest living through me?”
He further urged Nigerians to support one another’s growth, rather than engaging in damaging and misleading content creation.
A Call for Ethical Use of Technology
Concluding his post, AY appealed to young creatives to use their talents ethically and productively, rather than engaging in cyberbullying or defamation.
“Remember, your talents can be a force for good. Let’s use them to build bridges.”
The Bigger Picture: Misinformation and AI Manipulation
AY’s reaction highlights growing concerns about AI-generated misinformation, especially in the entertainment industry. The rise of deepfake technology has made it easier to create convincing yet false images and videos, leading to potential damage to reputations and careers. His statement calls for responsible digital innovation and ethical use of technology in Nigeria and beyond.
As the controversy unfolds, AY’s firm stance serves as a reminder of the importance of verifying information before sharing, as well as the need for stricter measures against AI-fueled misinformation.
News
Trump Pauses Tariffs On Mexico, Canada
By Kayode Sanni-Arewa
President Trump and the leaders of Mexico and Canada struck last-minute deals yesterday to postpone by 30 days the imposition of punitive tariffs on goods exported to the U.S.
A 10 percent tariff on Chinese goods took effect just after midnight in the U.S.
The frenzy of last-minute maneuvering demonstrated Trump’s willingness to use tariffs as a source of leverage against the most important U.S. trading partners, in what he called an effort to curb drug smuggling and illegal immigration.
Imports from Mexico, Canada and China account for more than a third of the products brought into the U.S. each year.
China was still preparing its response to the tariffs yesterday.
Trump’s aggressive “America First” foreign policy holds both promise and peril for Beijing, as it seeks to strengthen ties with alienated U.S. allies. Tariffs “will definitely happen with the E.U.,” Trump told the BBC on Sunday, and they are coming “pretty soon.” He doubled down on the threat yesterday, complaining about deficits in auto and farm products.
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