Connect with us

NEWS

DISCOS denies plan to increase electricity tariff

Published

on

The Association of Nigerian Electricity Distributors (ANED) on Wednesday said it had no plan to increase the current tariff being paid by consumers.

Mr Sunday Oduntan, ANED Executive Director, Research and Advocacy, disclosed this in a telephone interview with the News Agency of Nigeria (NAN) in Lagos.

He said that the Distribution Companies (DISCOs) had not submitted any proposal to the Nigerian Electricity Regulatory Commission (NERC) on tariff increase.

“It is not true that we want to increase the tariff by 200 per cent because we do not have any right to do so.
“When you talk about tariff review or increase, it is the responsibility of a regulator and that work belongs to NERC.

“We should understand how the system works because it is the work of the regulator to decide whether there should be tariff review and not DISCOs,’’ said the ANED official.

He urged the National Assembly to reconsider the stoppage of the bond provided by government in order to address the liquidity challenge facing the power sector.

“We are not asking for subsidy but that government should step in and provide a bond,’’ he said.

Oduntan said that the business of electricity distribution were presently not bankable because no bank would lend DISCOs money with the huge deficits in their books.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

NEWS

War: China, India, Tajikistan, others to send troops to Russia

Published

on

China’s People’s Liberation Army will send troops to Russia to participate in the “East-2022” drills.

The East-2022 is also called the Vostok-2022 and this was disclosed by the Chinese Ministry of Defense on Wednesday, according to CNN.

“China’s participation in the exercise is aimed at deepening practical and friendly cooperation with the armies of the participating countries,” the ministry added.

It further explained that the Asian giants’ participation would enhance the level of strategic cooperation among countries involved.

The exercise would further strengthen the ability to respond to various security threats, according to the defense ministry.

It, however, added that the exercise is unrelated to the current international and regional situation.

Other nations to join in the exercise are India, Belarus, Tajikistan, Mongolia and other countries.

Continue Reading

NEWS

Buhari approves three orthopedic hospitals in Edo, Plateau, Taraba

Published

on

President Muhammadu Buhari has approved the establishment of three additional orthopedic hospitals.

Health Minister, Osagie Ehanire, made the announcement on Wednesday at the inauguration of the Primary Health Care(PHC) Leadership Challenge at the State House.

The event was organised by the Nigeria Governors’ Forum (NGF) in collaboration with development partners.

Ehanire disclosed that the President approved siting of the orthopedic hospital in three regions.

“North-East has one; the North-Central has one and the South-South has one; in Benin, Jos and Jalingo respectively”, NAN quoted him saying.

Finance Minister, Zainab Ahmed said N471.9 billion had been disbursed to states under the $1.5billion World Bank-Assisted States Fiscal Transparency Accountability and Sustainability (SFTAS) Programme.

She added that all the 36 states had fully domesticated the fiscal reforms in their public financial management system.

Buhari approves three orthopedic hospitals in Edo, Plateau, Taraba

Continue Reading

NEWS

BREAKING: Electricity workers call off strike

Published

on

National Union of Electricity Employees (NUEE) has called off its nationwide strike.

The decision followed an emergency meeting with the Minister of Labour and Employment, Chris Ngige on Wednesday.

The minister’s spokesman Olajide Oshundun, announced that Ngige intervened in the industrial action.

NUEE Secretary General, Joe Ajaero, assured that electricity would be restored across the country tonight.

The workers shut down all Transmission Companies of Nigeria (TCN) offices earlier today.

Continue Reading
Advertisement

Latest News

Advertisement

Trending