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Multi Year Tariff Order
Following the current lockdown of economic activities and the many implications of the Corona Virus outbreak, there are indications that the Nigerian Electricity Regulatory Commission (NERC) may later on Tuesday announce the suspension of the proposed increase in electricity tariff expected to hike bills by over 50 per across the country.
The Abuja Electricity Distribution Company (AEDC) has assured customers of providing 330,000 meters this year and an investment of N43 billion in networks with the new tariff to boost electricity supply.
Electricity consumers on Monday opposed the planned tariff increment by Ikeja Electric (IE), demanding that 90 per cent of customers should be metered before any upward review of tariff.
Ikeja Electric (IE) Plc says it is targeting total revenue of N170 billion in 2020 with the implementation of the increment in various classes of electricity tariffs.
The Incorporated Trustees of Human Rights Foundation has asked the Federal High Court in Lagos to stop the proposed over 40 per cent increase in electricity tariff.
The Nigerian Electricity Regulatory Commission (NERC) on Monday denied the upward review in its Multi-Year Tariff (MYTO) dated 31st December 2019, as the Chairman, Prof. James Momoh said that there is no immediate tariff increase for customers.
Speaking through their umbrella body, Association of Nigerian Electricity Distributors, the Discos explained that the new tariffs ordered by the Nigerian Electricity Regulatory Commission would cater for revenue shortfalls in the sector.
The federal government will continue to subsidise the gap in electricity cost to consumers pending the adjustment in tariffs announced by the Nigerian Electricity Regulatory Commission (NERC) on Saturday.
The Nigerian Electricity Regulatory Commission (NERC) says six out of eight Power Distribution Companies (DisCos) have complied or substantially complied with the approved minimum remittance threshold in the Order for July to September 2019.
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday served notices to eight electricity distribution companies (DISCOs) of its intention to revoke their operational licences if they fail within 60 days to remedy alleged ‘breaches of the terms and conditions of their power purchase agreements’.
The Nigerian Electricity Regulation Commission (NERC) on says Eko Electricity Distribution Company (EKEDC) recorded the highest remittance efficiency of 43 per cent in the first quarter of 2019.
Electricity Distribution Companies (DisCos) in Nigeria have called for the creation of an enabling environment to ensure cost recovery and further drive investments in the nation’s power sector.
Worried by the inability of the 11 distribution companies to distribute power to many consumers, the Nigerian Electricity Regulatory Commission (NERC) has said it is considering a new regulation to allow third-party investors take up and maintain parts of the vast electricity distribution networks currently owned by the Discos.
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The Ministry of Basic and Secondary Education in Delta has approved 10 private schools as centres for the Basic Education Certificate Examination (BECE) organised by the National Examination Council (NECO).
The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, on Tuesday, announced that the registration of Batch C of its N-Power programme has closed.
The President of the Sports Writers Association of Nigeria (SWAN), Sir Honour Sirawoo, has applauded the Nigeria Football Federation (NFF) on the transparent manner it disbursed the COVID-19 palliative package from FIFA, CAF and other sponsors.
The Economic and Financial Crimes Commission, Ibadan Zonal Office, on Tuesday, August 11, 2020, arrested 32 “Yahoo boys” for alleged involvement in internet fraud.
The Ibadan Electricity Distribution Company (IBEDC) on Tuesday said that it had created 13 new Customer Care Offices in Ogun, as the first phase of its commitment to improve service delivery.
La Liga giants Barcelona are looking to sign Manchester City playmaker Bernardo Silva in the summer transfer window, according to reports from The Telegraph.
Journalist and activist, Agba Jalingo, and 18 other protesters have been arrested by men of the Lagos State Police Command during a #RevolutionNow protest in the Ikeja area of the state on Wednesday.
Gov. Abdullahi Sule of Nasarawa State has advised the newly elected member representing Nasarawa Central at the State House of Assembly, Mr Ismaeel Danbaba, to be magnanimous in victory.
Special Adviser to Edo State Governor on Media and Communication Strategy, Crusoe Osagie, has challenged Osagie Ize-Iyamu, candidate of the All Progressives Congress (APC) in the forthcoming gubernatorial election in the state to reconcile the pious posture he bandied on national television on Saturday morning, with the directives he gave to known political thugs in a video that went viral recently.
Though the COVID-19 pandemic presents the most challenging times in recent history, it can also be a turning point for innovative thinking especially towards resolving the numerous challenges faced by humanity, according to Vice President Yemi Osinbajo, SAN.