Breaking News
FG Increases Electricity Tariff For Customers Under Band A
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The Nigerian Electricity Regulatory Commission has authorized an increase in electricity tariff for customers under the Band A classification.
The approval was disclosed during a press conference held in Abuja on Wednesday, whereby Oseni said customers in Band A represent 15 percent of the 12 million electricity customers in the country.
The Vice Chairman, of NERC, Musliu Oseni, explained that the increase will enable the customers to pay N225 kilowatt per hour from the current N66.
He added that the commission had also downgraded some customers on Band A to Band B due to the non-fulfillment of the required hours of electricity provided by the electricity distribution company.
He said, “We currently have 800 feeders that are categorized as Band A, but it will now be reduced to under 500. This means that 17 percent now qualify as Band-A feeders. These feeders only service 15 percent of total electricity customers connected to the feeders.
“The commission has issued an order which is titled ‘April Supplementary Order’ and the commission allows a 235 kilowatt per hour.”
He added that the review will not affect customers on the other bands.
Citing sources, Bloomberg had on Tuesday reported that power companies will be allowed to raise electricity prices to N200 ($0.15) per kilowatt-hour from N68 for urban consumers.
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.
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.”
The development comes amid Monday’s announcement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority of an increase in the price of natural gas, which is used to generate more than 70 percent of electricity in Nigeria.
Source:Punch
Breaking News
Strange: Egba Muslim Praying Ground “Lantoro” Observes No Eid-il-Fitri, As Worshipers Left…
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In a strange development, the prominent Muslim Community Eid praying ground in Egba,”Lantoro”Abeokuta Ogun, has put worshipers in a delusional situation as the Chief Imam and other scholars didn’t appear to observe Eid Fitri Prayer.
The reasons behind the development of the development are yet unknown as the majority of worshipers were left delusional despite the announcement of the Sultan of Sokoto Caliphate yesterday.
Rumours have it that the Eid Fitri will be observed on Monday, in line with the first declaration by Sultan Alhaji Saad Abubakar.
Meanwhile, many people were of the opinion that the current development in Egba Muslim praying ground was influenced by the declaration of Mundeer Murkaz, who declared publicly that Eid Fitri is on Monday.
Details later.
Breaking News
Historic Ruling: Supreme Court Declares Governors’ Hold on Local Govt Funds Unconstitutional
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The Supreme Court has ruled in favor of the Federal Government (FG), declaring that state governors’ hold on funds meant for Local Government (LG) administrations is unconstitutional
The FG had sued the 36 state governors, seeking full autonomy for Local Government Areas (LGAs) and an end to the governors’ alleged misconduct in handling local government affairs.
The court’s decision aligns with the FG’s argument that the Constitution recognizes local governments as a third tier of government, entitled to direct funding from the Federation Account.
In its lead judgment read by Justice Emmanuel Agim, the apex court observed that the state government’s refusal of financial autonomy for local governments has gone on for over two decades.
Justice Agim said local governments have since stopped receiving the money meant for them from the state governors who act in their stead.
He noted that the 774 local government councils in the country should manage their funds themselves.
He dismissed the preliminary objections of the defendants (state governors).
There are 774 local government areas in the country but the efficiency of the third tier of government has been hampered by the weight of some controlling and overbearing governors who have been accused of mismanaging funds meant for the administration of local governments.
In the last few months, calls for local government autonomy have increased in Nigeria. President Bola Tinubu also supported the calls. In May, the Federal Government, through the Attorney-General of the Federation (AGF), Lateef Fagbemi, sued the 36 state governors over alleged misconduct of local government funds.
Currently, the Federal Government gets 52.68%, and states get 26.72%. In comparison, LGs get 20.60% of the country’s monthly revenue allocated by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) which operates under the Presidency, and disbursed by the Federation Account Allocation Committee (FAAC).
Interestingly, LG funds are paid into a joint account operated by state governments and local governments in their domains.
In the suit filed by AGF, the Federal Government sought an order preventing the governors from arbitrarily dissolving democratically elected councils. The suit by the AGF was on 27 grounds.
The 36 state governors, who are defendants in the suit, opposed the AGF for instituting the case.
The Verdict
In his judgment, Justice Agim said the AGF has the right to institute the suit and protect the constitution.
The apex court consequently directed that Local Government allocations from the Federation Account should be paid directly to them henceforth, and not to state government coffers.
Justice Agim pointed out that the state governors’ retention of the monies meant for the Local Governments truncates the latter’s activities.
Justice Agim ordered the immediate compliance of the judgment, stating that no state government should be paid monies meant for Local Governments.
Channels news
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The Ogun State governor, Prince Dapo Abiodun was on Monday appointed as the new Chairman of the Southern Governors Forum as Charles Soludo becomes his vice-chairman.
Abidoun was appointed after a meeting that lasted for about 4 hours in Abeokuta at the presidential lodge.
He assured repositioning administration.
Details later.
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