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Its A Slight Increment: Electricity DisCos Speak On New Tariff

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Electricity workers

Electricity workers

The electricity distribution companies (DisCos) has announced that the proposed new tariff will take effect begin from April 2020.

This comes after the Nigerian Electricity Regulatory Commission (NERC) announced a review of the multi-year tariff order (MYTO) 2015 and the minimum remittance order (MRO).

In a statement issued on Monday, Sunday Oduntan, executive director, research and advocacy, Association of Nigerian Electricity Distributors (ANED), umbrella body of the DisCos, described the review as a “slight increment”.

Read Also: There Will Be Better Electricity In 2020, Buhari Tells Nigerians

“The Tariffs shall remain the same as they presently are (i.e. 2015 levels) until April 01, 2020 when there will be a slight increment to cater for tariff shortfalls which shall be gradually passed on to the consumer until this is fully completed by the end of 2021,” Oduntan said.

“In view of the foregoing, we state emphatically that there shall be no change or increase in the existing Electricity tariff until April 01, 2020 when the new adjusted tariffs shall begin to gradually reflect the dynamism of our macro-economy.

“We sincerely hope that this statement substantially clarifies the accurate position and allays any fears and concerns, our esteemed customers may have.”

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National News

Shehu Sani Reacts To Hisbah’s Call For Scrapping Of Black Friday

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Shehu Sani Reacts To Hisbah's Call For Scrapping Of Black Friday

Shehu Sani

Former lawmaker, Senator Shehu Sani has reacted to the call for the scrapping of the popular ‘Black Friday’sales by the Kano State Hisbah Board.

Recall that earlier on Friday, the board asked a radio station, demanding that it stops using the word “Black Friday” to refer to Friday.

Also Read: TECNO Stormed Computer Village with BBNaija’s OZO to Wrap up its Black Friday Sales Activities

The board explained that since Friday is regarded as a holy day in Islam, tagging it “Black Friday” is derogatory and a thus, should not be condoned.

Reacting to the statement, the former lawmaker from Kaduna described the threat by the Hisbah board as ‘nonsensical.”

He wrote:

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National News

Court Orders Release Of Sen. Ndume From Kuje Prison

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Court Orders Release Of Sen. Ndume From Kuje Prison

Ali Ndume

A Federal High Court sitting in Abuja has granted bail to Senator Ali Ndume who was detained in prison on Monday following the failure to produce Abdulrasheed Maina in court.

This was made known by the presiding judge, Justice Okon Abang in a ruling on Friday, November 27.

Also Read: BREAKING: Court Fixes Date For Ndume’s Bail Application

He stated that he chose to grant the senator bail based on his record of good behaviour before the court, notwithstanding that the other grounds of his bail application failed.

Justice Abang granted bail to Senator Ndume pending the hearing and determination of the Borno South Senator’s appeal filed at the Court of Appeal to challenge Monday’s order.

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We Deliberately Shut Down Refineries – NNPC GMD

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We Deliberately Shut Down Refineries – NNPC GMD

NNPC boss, Mele Kyari

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has expressed that the corporation deliberately shut down the nation’s refineries because they became unsustainable.

The GMD disclosed this when he appeared before the House of Representatives Committee on Petroleum Upstream in Abuja.

He pointed out that the NNPC was unable to supply crude oil to the refineries, adding that the Excravos pipeline is the only one the NNPC managed to sustain through the contracting process.

He went on to express that it is practically impossible to run pipelines at their optimum capacity.

Also ReadBREAKING: NNPC Raises Petrol Depot Price, Marketers To Sell At N168-N170/Litre

“For instance, to run Kaduna and Warri refinery, you need to deliver 170,000 barrel of oil per day so that both will operate at 70 percent capacity,” he said.

Kyari said that at the moment, it only had over 5,000 kilometers of pipelines with 13 fuel depots, which according to him must be protected to forestall the activities of vandals.

“And I can tell you today that except the Atlas cove to Ibadan line and also the Portharcourt to Aba line, none of these pipelines is serviced.

“We cannot flow product into these lines, the cheap one is to say they are aged but the real reason is that the level of activities of vandals on these lines is gross, monumental, and profound.

“At every point within a month we fix 80 vandal points, the option is to shut them down and the result of having one depot is what we have seen in Lagos,” he said.

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