yarimo:
Mumu governor that doesn't know anything about the law. Assembly can seat anywhere in rivers state.

Hmm what a period to be alive.
So you can support wike, good or bad

Tokskob2008:
Food will be sufficient yet a paint plastic of garri is now 4k, something we buy at #100, #150 before the CHANGE era

Watch by the time it reduces to 3k they will call it Tinubu achievement

Preacher
Your husband have destroyed every single thing left to poor masses to enjoy in this country.

See the way I dey look Tinubu’s government

maxtop:
BORING THREAD .....I HATE MADRID WITH PASSION !!!!

I love Madrid with passion

Tinubu anti-people president one of Africa.

In a rare and unusual circumstance, the presidency did not release any picture of President Bola Tinubu’s return trip to Nigeria after two weeks abroad.

Since Tinubu took charge of the country a year ago, his aides and presidency officials have consistently released pictures and videos of his arrival and departure from Nnamdi Azikiwe International Airport in Nigeria’s capital city.

During such moments, top government officials such as Chief of Staff to the president, Secretary to the Government of the Federation, Ministers, Governors, among others bid farewell and welcome the president.

However, Tinubu’s return on Wednesday was announced in a news flash by NTA.

“President Bola Tinubu returns to Abuja after his trips to the Netherlands and Saudi Arabia,” the government-owned media outlet posted on social media, without a single picture or video, triggering reactions.

Like NTA, none of the accounts of the presidential aides or supporters posted multimedia content of Tinubu’s return trip.

Although the APC UK posted a video on its X handle while welcoming Tinubu back to the country, checks by Daily Trust showed that it is an old video.

Daily Trust can confirm that the video is that of February 6, 2024, when the president returned to the country after a private visit to France.

Meanwhile, Tinubu’s return without videos or pictures has set tongues wagging among Nigerians on X.

Commenting on the issue, an X user who tweeted via SnipesLyon wrote: “Show videos.”

WAghwarito wrote: “No videos just news…..omoh our president never come back….make he address is as before na abi there’s more to it?”

MaziEzike_Nedu: “Audio return trip. Show us the president. He is usually welcomed by his cabinet


mr_richjoel: “We don’t want these pictures… We need videos of him stepping down the jet with the governor’s welcoming him.”

Unknown destination after official trips

The president had, on April 23, left Abuja for the Kingdom of the Netherlands, on an official visit.

His Special Adviser on Media and Publicity, Ajuri Ngelale, had, in a statement, said the visit was on the invitation of Prime Minister Mark Rutte.

From The Netherlands, he had proceeded to the World Economic Forum’s (WEF’s) Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh, Saudi Arabia.

However, after the event ended, the president’s next destination was shrouded in secrecy, fuelling speculations that he had gone on a medical trip to France.

Two credible sources had independently told Daily Trust that the president proceeded to London from the Saudi capital of Riyadh.

One of our two sources, a highly placed official at the Presidency, told one of our reporters that the president “is at the moment in London on a private visit.”

The official, who asked not to be mentioned, declined further comments on the reason for the president’s visit in London.

Special Adviser to the President on information and strategy, Bayo Onanuga, later confirmed that Tinubu headed for Europe from Saudi Arabia, although he was not precise about the European country.

In a post on his X handle, on Tuesday, Onanuga had announced that the president would return to Nigeria on Wednesday.

He wrote: “President Bola Ahmed Tinubu, along with his aides, will return to Nigeria tomorrow from Europe.”

Shettima’s aborted trip

While the dust was yet to settle on the whereabouts of Nigeria’s number one citizen, the office of Vice-President Kashim Shettima announced that the nation’s number two man was heading for a summit in US.

This had triggered backlash as Nigerians wondered how those in charge could leave the country in the middle of storms, particularly nationwide fuel scarcity.

But just as the debate was raging, particularly on social media, Shettima’s media team announced that the US trip had been aborted for the vice president to carry on with “national duties”.

However, the cancellation was attributed to technical fault, a rare occurrence for jets in the presidential fleet.

Several attempts to reach Onanuga for clarifications on the president’s return trip were unsuccessful as calls were not answered.


https://dailytrust.com/tongues-wagging-as-presidency-fails-to-release-tinubus-pictures-after-overseas-trip/

Nobody will ever beat tinubu as worst of worst president Nigerians ever had.

Resigning, are they voters

Okay

Bola tinubu shall.

Bola tinubu shall

Former Vice-President Atiku Abubakar, yesterday, accused President Bola Tinubu of conflict of interest, because his son, Seyi, was on the board of CDK Integrated Industries, a subsidiary of the Chagoury Group, owned by one of the president’s business allies, Gilbert Chagoury.Atiku said the development constituted a conflict of interest, given the Chagoury Group’s involvement in the gigantic Lagos-Calabar coastal highway contract being carried out by the Tinubu government.

The former vice president had criticised the contract as hurriedly awarded and executed against the country’s procurement laws.In a statement by his Media Adviser, Paul Ibe, Atiku, who berated the federal government, however, advised Tinubu to focus more on attracting real investors than adopting propaganda as a state policy.The presidential candidate of the Peoples Democratic Party (PDP) in the 2023 elections, disclosed that CDK Integrated Industries was into the manufacturing of ceramic tiles and sanitary towels.

Citing a report by a Paris-based Africa Intelligence News Agency, where it was revealed by the Corporate Affairs Commission that Seyi was officially a business associate of Chagoury, Atiku said it was not surprising that the Chagoury Group had become the biggest beneficiary of the Tinubu largesse.He said, “Thanks to quality reporting by Africa Intelligence, our suspicions have been confirmed that Chagoury and Tinubu are indeed business partners and it has been formalised with Seyi on the board of one of Chagoury’s firms.”

Atiku restated that it had become obvious even to the undiscerning that the Lagos-Calabar Coastal Highway was being done in a hurry because of the business relationship between Tinubu and Gilbert Chagoury, the owner of Hitech, the contractor that was awarded the contract for the highway project in alleged contravention of the procurement laws.“It is on record that this project is the most expensive single project ever embarked upon by the Nigerian government. The fact that it is happening at a time Nigeria is facing its worst economic crisis ever is a red flag.

“To add insult to injury, this project that is being done in excess of $13bn was awarded without a competitive bidding. From all indications, the so-called Badagry-Sokoto highway would be awarded in a similar fashion at an enormous cost to taxpayers purely because Tinubu has put his personal interest ahead of the Nigerian people.”

Atiku said the demolition of tourist and recreational facilities and other properties within the Oniru corridor, including parts of Landmark Resort and Hotels, without ample notice, was one of the reasons foreign direct investments have continued to elude the country.He argued that rather than improving the ease of doing business, the Tinubu administration had shown to the world that his personal business interest and that of his family would always be prioritised over and above national interest.

“Tinubu has been globetrotting in search of foreign direct investments. He claims to have secured over $30 billion from various companies, but none has been forthcoming.“Rather, all manufacturing firms have been posting heavy losses while some are exiting due to his poorly implemented exchange rate unification policy with even Aliko Dangote describing it as a huge mess at the recent annual general meeting of Dangote Sugar Refinery.

“The IMF in its latest report stated that Nigeria will by the end of the year become the 4th largest economy in Africa behind South Africa, Egypt and Algeria, a disgraceful development for a nation which was the largest in Africa by a mile when the PDP left the stage in 2015.

“Investors are seeing how local businesses are being treated and will not come to a place where their investments will not be protected. In saner climes, businesses such as Landmark would have been given at least two years’ notice in order for effective planning. But Tinubu’s eagerness to satisfy his business partners impaired his ability to coordinate the project properly.

“The awarding of the Lagos-Calabar coastal highway was rushed; the environmental impact assessment report was not even completed; the right of way for the 700 km stretch of the highway project was not secured; it was converted from a PPP to a government funded project within the twinkle of an eye.“The N500m that was approved by the National Assembly for the project was ignored, while over N1tn was released by Tinubu’s administration without approval from the National Assembly.

“From falsely claiming to have removed subsidies to secretly paying billions monthly based on the revelation of Nasir el-Rufai, the Tinubu administration has shown a lack of coordination and transparency, failing to even explain to Nigerians why there is petrol scarcity across the country,” the former PDP presidential candidate stated.

He, however, advised Tinubu and his economic team to do less of propaganda and focus on improving the ease of doing business as this remained the surest path to sustainability.


https://www.thisdaylive.com/

I want to be president’s, it's my turn, see suffering and weeping everywhere.

What will happen if tinubu resign?

All I have to say is that God bless you Kperoogi.

I'll only for jamb to verify all these scores before I can say anything positive.

Nice one.
Sometimes amount for association registration is far more than amount you used to stock your shop.

jwung:
Commendable

?
Oga what's commendable again na

Tinubu i don't have to describe this man.

Alright

RIP to them

Useless government

The government's decision to raise electricity tariffs has hit me hard. On my street, they've put us in the highest band A, and everyone's meters are showing red lights

100millionGoal:


Almost as twice as it was when the ugly drug lord met it

Abi oo
This government shall.

Sannisege:
Rufai Oseni and his Igbo blodas will not like this news. Enemies of the state.

Please how much Tinubu met dollar again in May last year? I have forgotten my dear brother. Please remind me.

Lol
Nigeria government shall.

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Former Vice-President Atiku Abubakar has rejected the hike in electricity tariff, saying it will worsen the suffering of the people.

In a series of tweets on Friday, the Peoples Democratic Party (PDP) Presidential Candidate in the last election accused the government of unleashing another dose of reforms without adequate notice and without an adequate post-reform plan to mitigate the pain.

The PDP chieftain said the increase in electricity tariff is coming at a time when “Nigerian citizens are going through excruciating difficulties occasioned by the withdrawal of subsidy on PMS and floating of the domestic currency.

“The government has not successfully dealt with the pains associated with the implementation of those measures, and now this. The hike in electricity tariff will create more difficulties for the citizens as inflationary pressures are elevated.

“Our manufacturing sector will similarly be impacted negatively. Not only are they paying higher interest rates on their bank loans but also paying more for diesel, paying higher wages as a result of the new minimum wage. The President’s men are pushing the economy into a deeper crisis. His reforms are without a human face.”

The opposition figure said, ” It is important that we understand the root cause of the inefficiencies in the power sector before unleashing another dose of reforms. It is time to revisit the privatization exercise that produced the DISCOs.

“Tinubu must (a) ensure that these reforms are sequenced, (b) implement measures to mitigate the pain, and (c) hold the NERC responsible for ensuring improved service delivery.”


https://dailytrust.com/electricity-tariff-hike-tinubus-reforms-lack-human-face-atiku/

•As FG strives to cut subsidy cost •It’s a recipe for unrest – TUC
•It will not address fundamental energy issues – Muda Yusuf
•Poverty rate will get worse – Economists

By Udeme Akpan, Peter Egwuatu, Victor AhiumaYoung, Yinka Kolawole, Obas Esiedesa & Ediri Ejoh

The Nigerian Electricity Regulatory Commission, NERC, has indicated that a total of 1,974,385 electricity consumers would be affected by its recent hike in tariff.

Vanguard learnt that the tariff hike was aimed at making a significant cut on an estimated N2.9 trillion electricity subsidy in the 2024 fiscal year.

It was further learnt that the hike became inevitable following cashflow constraints arising from FG’s inability to pay obligations to the Nigeria Electricity Market.

The NERC, on Tuesday, hiked the electricity tariff for Band A customers by 230 percent from N68 per kilowatt hour to N225/kWh.
Band A customers are those who receive an average daily supply of electricity supply 20 hours or more. With the new order issued by NERC, Band A would no longer enjoy Federal Government subsidy on electricity.

The NERC said yesterday subsidy payments across the bands have become unsustainable.

Recall that President Bola Tinubu had, since July 1, 2023, frozen the electricity tariff at December 2022 level with a promise to pay the difference as subsidies. But the government has so far failed to pay any amount to the market, leading to the accumulation of N3.5 trillion in debts to power generation companies and gas suppliers.

The Vice Chairman, of NERC, Mr. Musliu Oseni, told journalists in Abuja yesterday that to ensure that only customers who receive at least 20 hours of electricity daily are on Band A, the number of feeders that meet the threshold has been reduced from 875 to less than 500.

He explained that only 15 per cent of the 13,162,572 electricity customers nationwide would be affected by the tariff increase while the remaining customers would continue to pay the old rate until supply improved and they were migrated to the new Band A.

NERC expressed the hope that the additional revenue would attract investments into the sector, adding that it would deploy several tools to ensure that customers in Band A would get the daily hours of supply from electricity distribution companies, DisCos.

Related News
FG to effect minor electricity tariff hike by July 1
Tariff hike: FG, Labour adopt report for implementation
Tariff hike: NERC’s silence won’t stop implementation July 1 – DISCOs
He stated that the cost of electricity has gone up significantly since the Multi-Year Tariff Order 2024 effect on January 1, stressing that the decision by the government to increase the price of gas to power from $2.18/MMBTU to $2.42/MMBTU and the rise in the foreign exchange rate was a major factor in the review.

He noted that because the tariff payable by customers remained the same despite these changes, the performance of the generation companies was affected because they could not pay for gas.

Meanwhile, stakeholders, economists and industry experts have explained that the increase in tariff would culminate in high utility bills, gross reduction in consumers’ disposable income, high operational costs for businesses, and high prices of goods and services, which is capable of impacting negatively on low-income earners in Nigeria.

Experts, who spoke with Vanguard in different interviews, yesterday, said it could push more people into poverty, even as inflation and foreign exchange crisis continue to impact households and businesses.

It’s unacceptable, a recipe for unrest—TUC
Reacting, Deputy President of the Trade Union Congress of Nigeria, TUC, Dr Tommy Okoh, said the hike is unacceptable and a recipe for unrest, urging the government to allow the poor to breathe.

According to him, “The hike in the electricity tariff from 66/kWh to 225/kWh for people who enjoy electricity supply for 20 hours per day is unacceptable and a recipe for unrest.

This shows clearly that Nigeria is not ready for a 24-hour electricity supply. As we speak, you cannot point anywhere in Nigeria that people are enjoying 20 hours of electricity supply not even at the airport where it is expected for economic reasons. We think the government has goofed again, especially at this time of socioeconomic challenges where the cost of living is very exorbitant and the salary of the workers remained static.

“Today, we are still battling with the fuel subsidy removal without any corresponding remedy and yet the increase in the electricity tariff without the supply of electricity. This government should know that they were not voted into office for the enslavement of the citizens but to protect and better the lots of the masses. This is an indication that the poor can no longer breathe.”

It could strain household budgets- Oseni
An energy expert, who spoke on condition of anonymity said: “The most immediate impact on consumers would be higher electricity bills. With increased tariffs, consumers would have to pay more for the same amount of electricity usage. This could strain household budgets, especially for low and middle-income families.

“Increased electricity bills would leave consumers with less disposable income to spend on other goods and services. This could lead to reduced spending on non-essential items, impacting various sectors of the economy.

“Facing higher bills, consumers may opt to reduce their electricity consumption to manage costs. This could mean cutting back on non-essential appliances or adopting more energy-efficient practices. While this could lower electricity bills, it may also impact comfort and productivity levels in households.

“The burden of increased electricity tariffs may disproportionately affect low-income households, exacerbating existing social and economic disparities. It could push more people into poverty or deepen the financial struggles of vulnerable populations.

Fundamental issues need to be addressed – Yusuf
Similarly, the Chief Executive officer, Centre for the Promotion of Private Enterprise, CPPE, Dr. Muda Yusuf, said: “The power sector issue has become a major conundrum in the economy. There is a major funding and liquidity crisis which is posing significant risk to investments in the electricity value chain.

“Costs across the chain have been rising as a result of the multiple macroeconomic headwinds. Meanwhile, the system is not generating the desired liquidity to match the escalating costs. Tariff review is thus inevitability. And there is a limit to the subsidy burden the government can continue to bear.

“But it is noteworthy that the increase is not across board as only 15% of electricity consumers are affected. And this is targeting the segment with the highest ability to pay. This reflects some attributes of equity in pricing.

“But some fundamental issues need to be addressed in the electricity value chain. There are issues of technical and commercial losses which are yet to be addressed. These are inefficiencies costs that consumers are compelled or expected to pay for as part of the cost recovery argument. And these costs are in billions of naira. There is also the exploitative practice of estimated billing. Millions of electricity consumers are yet to be metered.

“There is the problem of over-centralization of the power supply through the national grid model. There are capacity issues with some of the electricity Distribution Companies, contributing to the lapses in electricity delivery outcomes”.

It will lead to rise in operating costs for businesses- Egbomeade,
Reacting as well, Communications & Economy expert, Clifford Egbomeade, said: “The recent decision by the government to increase electricity tariffs by approximately 230% carries significant economic implications for both businesses and consumers alike. One immediate effect is the rise in operating costs for businesses, particularly those with high energy consumption, such as manufacturing industries. This could lead to reduced profitability and potential layoffs as businesses seek to offset the increased expenses. Moreover, higher production costs may ultimately be passed on to consumers in the form of higher prices for goods and services, thereby impacting consumer purchasing power and potentially contributing to inflationary pressures in the economy.”

It is insensitive, disregard for the plight of citizens – PRP
Commenting as well, the Peoples Redemption Party, PRP, said the decision of the federal government to increase the electricity tariff by 300 per cent was not only insensitive but demonstrated a blatant disregard for the plight of the citizens
The Acting National Publicity Secretary of the party, Muhammed Ishaq in a statement issued, Wednesday, said the policy would result in the power companies raising prices of electricity from N68 to N200 per kilowatt-hour.

The party said the drastic hike, coming on the heels of the removal of fuel subsidies and massive devaluation of the Naira, which have brought increases in costs of living and resultant hardship to the populace, was an unconscionable burden on the already struggling Nigerian populace.

It said it was unimaginable that the government would impose such life-frustrating policies on a nation that was already on its knees.

“The PRP, therefore, called on the government to reconsider this decision and prioritise the well-being of its citizens.”

https://www.vanguardngr.com/2024/04/electricity-concerns-as-tariff-hike-hits-consumers/amp/

And this is democracy? Or what?