₦airaland Forum

Demdem:
This wont stop the fool currently occupying Aso rock from being Booted out

Fool?
You need help.

BREAKING: Nigerian government cuts electricity tariff by 50%

The Nigerian government has announced a reduction in electricity tariffs by half.

The Nigerian Electricity Regulatory Commission on Wednesday announced the immediate review of electricity tariffs by about 50 per cent.

The Chairman of the Commission, Sam Amadi, who announced the review in Abuja, said the reduction, which takes effect from the end of March, followed the regulatory agency’s decision to remove collection losses from customer tariff under the multi-year tariff order.

Mr. Amadi said following the approval of the multi-year tariff order, MYTO 2.1 in January 1, 2015, the Commission had received several complaints and petitions against the decision, which resulted in astronomical increases in tariff across the different consumer categories.

He noted particularly the petition by industrial and commercial consumers under the auspices of the Manufacturers Association of Nigeria, which demanded a drastic reduction of their tariffs.

The two categories of consumers had cited the negative impact of their increased tariffs, which they said were threatening their businesses, leading to massive job losses.

Following the review of the petitions,
Mr. Amadi said the Commission conducted public hearings to gather evidence from all consumer classes on the affordability of the new tariff.

Again, he said the Commission had consulted with the Chief Executive Officers of the Distribution Companies before deciding to intervene by reviewing the tariffs.

Besides, the Chairman said the Commission also decided to review the technical and financial assumptions of multi-year tariff order 2.1.

The reviews, he noted, were in line with the provisions of the Electricity Power Sector Reform Act 2005 and the Business Rules of the Commission’s mandate, which allow such a decision on a petition by an interested party within 60 days.

He said findings from the various reviews showed that the major cause of the spiralling consumer tariffs was the huge aggregate technical commercial and collection losses.

Some distribution companies have complained that the collection losses, which are passed to consumers, raised the final tariffs by as much as an average of 80 and 103 per cent.

“The Commission has been listening to consumers’ complaints and taking full account of the impact of the high tariff on consumers and the Nigerian economy,” Mr. Amadi said.

“Therefore, the Commission has reviewed the basis of the MYTO 2.1 assumptions and has determined that it is inappropriate to transfer to consumers collection losses that are controllable by the DISCOs (distribution companies),” he announced.

http://www.premiumtimesng.com/news/top-news/178622-breaking-nigerian-government-cuts-electricity-tariff-by-50.

OMG!!
What's wrong with Nigeria & Nigerians?

Islie:
Where was Islam mentioned there because all these guys are Igbo

Congrats to him.

Wickedness.
The more reason we need to totally overhaul 'The Nigeria police', increase the pay, change the uniform, employ young & intelligent graduates and not some mad men, and not some illiterates, and not some drunkards (Alomo addicts)
I'm so sad.
May God almighty have mercy on the soul of this young Nigerian.

Na wah oo!!
God protect us all...

berem:
You and LMAyedun used to post intelligent comments until you sold your souls to the devil. Does it mean that after you have been bought over by PDP,your brains are replaced with something else?
I don't understand o!

Take it easy dearie!
People like you might never get over the shock & shame that awaits you come March28...

Join the winning team dear, I love you.
GEJ till 2019

owobokiri:
They are starting to stage attacks on themselves?

Don't mind them, seeking for public sympathy as usual...
Hope she didn't fry Akara in Ilorin??

GEJ till 2019

At least 10 vehicles on the convoy of Mrs Aishat Buhari, wife of the APC presidential candidate were vandalised on Monday when some hoodlums  attacked her convoy in Ilorin, Kwara state.

The incident took place at the popular Ilorin film house area, a stone throw from the Emir’s palace.

The Kwara State APC chairman, Hon. Ishola Balogun- Fulani who addressed a press conference on the incidence this night put the blame at the door step of the opposition Peoples Democratic Party (PDP).

He alleged that the attack was masterminded by a well known chieftain of the PDP from Kwara Central.

“We also have it on good authority that two of the PDP hoodlums have been apprehended by the police.

“We are using this medium again to call on the police and other security agencies to be on the alert and call PDP to order”, he stated.

Balogun- Fulani recalled that his party had repeatedly reported to the police and other security agencies about plan by the PDP to foment trouble before, during and after the forthcoming general elections.

The state commissioner of police, Mr Salihu Garba confirmed the incidence.

He did not, however, confirmed the arrest of any suspect in connection with the attack on Mrs Buhari’s convoy.

http://leadership.ng/news/politics/417916/hoodlums-attack-mrs-buharis-convoy-destroy-10-vehicles

Money!!

#NeverAgain
God will continue to help our Army.

President Goodluck Ebele Jonathan till 2019.

Things Nigeria Politicians do to win elections

GEJ till 2019

Jokers!
A party that will be gasping for air after March 28 elections.

oluwafemi113:
In change we believe

In transformation we trust

GEJ till 2019
In Jonathan we trust

OMG!
R I P to him

Congrats to Alibaba & wife.

OBJ was tryna rape him... You will notice Atiku pulling away.

Garri, sugar & Kuli kuli..

This reminds me of the Garri people of Nairaland few years back, they are now the APC members of Nairaland.

Losers!!

GEJ till 2019

How can Jega go few days to elections?

Jega must stay and GEJ must win!



GEJ till 2019

Loyalty is a main ingredient in Nigeria Politics. The dude wasn't loyal.



GEJ till 2019

Okay!

God Bless GEJ!
GEJ till 2019

LOL