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Abuja Electricity Issues Disconnection Notice Amidst Meter Price Surge”

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Abuja Electricity Issues Disconnection Notice Amidst Meter Price Surge”....KINDLY READ THE FULL STORY HERE▶

An investigation into the dynamics of Nigeria’s electricity sector has uncovered a significant escalation in the prices of prepaid meters, driven primarily by foreign exchange challenges and inflationary pressures….READ ALSO

 

 

According to recent findings, the cost of single-phase meters surged by 80% year-on-year to reach N147,610.43 in February 2024, compared to N81,975 in the corresponding period of 2023. Similarly, double-phase meters experienced an identical 80% increase, rising to N259,002.43 from N143,836.10 within the same timeframe.

Amidst these soaring costs, the Abuja Electricity Distribution Company (AEDC) issued a stern notice of power disconnection to high-profile entities such as the Presidential Villa and various government ministries, departments, and agencies, citing outstanding debts totaling N47 billion.

Manufacturers and suppliers of meters have ceased importation activities, exacerbating the shortage of available stocks. Consequently, many consumers who have made payments for meters remain unfulfilled, leading to a surge in the number of individuals subjected to estimated billing practices.

In response to these challenges, the federal government has adopted a market-driven approach to metering, as the Nigerian Electricity Regulatory Commission (NERC) no longer fixes meter prices. Instead, prices will be dictated by market forces, with the aim of stimulating commercial production, supply, and installation of meters for consumers.

NERC, in collaboration with relevant stakeholders, is currently devising modalities to ensure the smooth implementation of this liberalization strategy. The move is intended to foster a competitive meter market, attract private sector investments, drive innovation, and generate employment opportunities within the electricity sector.

Furthermore, discussions are underway to establish a joint committee comprising NERC, the Nigerian Electricity Management Services Agency (NEMSA), electricity distribution companies (DisCos), Meter Service Providers (MSP), and Meter Asset Providers (MAP). This committee will review recommendations and develop a comprehensive framework for transitioning to a fully liberalized metering services market within 30 days.

Embracing a market-driven approach to metering services is envisioned to offer a sustainable pathway for Nigeria’s Electricity Supply Industry (NESI) to operate efficiently while achieving financial sustainability. By relinquishing metering price controls, the sector aims to align selling prices with input costs and market dynamics, thereby incentivizing competition and facilitating private sector investment in the electricity supply chain.

 

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“I Have Jonathan’s Certificate Of Return!” – Agbedi Drops Shocking Political Claim.

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Fredrick Agbedi, a House of Representatives member representing Bayelsa State, has called on Nigerians to applaud the Peoples Democratic Party (PDP) for encouraging former President Goodluck Jonathan to make a political comeback. During an appearance on Arise Television’s morning show this Wednesday, Agbedi maintained that Jonathan holds the full right to seek the presidency in 2027.....KINDLY READ THE FULL STORY HERE▶

Regarding the former president’s potential candidacy, Agbedi remarked:

  • The PDP has repeatedly discussed Jonathan’s potential run, and the internal processes are nearly finished.

  • He is currently in possession of the official Certificate of Return, which is intended for presentation to Jonathan.

  • Given Jonathan’s track record of “credible transformation” during his tenure, Agbedi argued that citizens should support the PDP’s efforts to nominate him as a solution to Nigeria’s current challenges.

  • Emphasizing the spirit of national service, Agbedi questioned the opposition to Jonathan’s potential return, asking where else a dedicated leader should serve if not for the betterment of his own country.

  • He confirmed that should Jonathan choose to run, it would be under the banner of the PDP.

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“Oborevwori Ran To APC Because I Am A Threat”: Omo-Agege Drops Political Bombshell.

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Former Deputy Senate President Ovie Omo-Agege recently alleged that Delta State Governor Sheriff Oborevwori joined the All Progressives Congress (APC) from the Peoples Democratic Party (PDP) due to fears regarding electoral competition. Speaking on Arise Television’s The Morning Show on Wednesday, Omo-Agege claimed the Governor’s decision was motivated by political survival rather than ideological alignment. The former senator specifically asserted, “Oborevwori chickened out from the PDP to the APC because I am a threat” in anticipation of the 2027 elections.....KINDLY READ THE FULL STORY HERE▶

Highlighting the APC’s performance during his leadership in the 2023 elections, Omo-Agege noted that the party secured two of the three senatorial seats in Delta State. He further emphasized his influence by pointing out his victory in Delta Central, where he claimed to have defeated the governor’s candidate by a margin of roughly 15,000 votes. Omo-Agege also attributed the recent wave of defections from the PDP to the APC to his post-election mobilization efforts across the state. Despite the Governor’s shift in party affiliation, Omo-Agege expressed confidence in his political influence and remains certain of his electoral base leading into 2027.

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Owo Church Massacre: Four Sentenced To Death By Hanging In Landmark Terror Verdict.

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Ondo State Governor, Lucky Aiyedatiwa, has expressed his support for the court ruling that sentenced four individuals to death for their participation in the June 5, 2022, attack on St. Francis Catholic Church in Owo. Through his spokesperson, Ebenezer Adeniyan, the Governor affirmed that this verdict proves justice will ultimately prevail against those who harm innocent people.....KINDLY READ THE FULL STORY HERE▶

The ruling was delivered by Justice Emeka Nwite of the Federal High Court in Abuja, following a terrorism case initiated by the Department of State Services (DSS). Governor Aiyedatiwa characterized the decision as a triumph for the rule of law and a moment of relief for the families impacted by the tragedy. He further praised the judicial and investigative teams for their dedication to bringing the perpetrators to account.

Highlighting the state’s stance against violence, the Governor stated, “This judgment sends a strong message that those who take innocent lives will face the full weight of the law, regardless of how long it takes to secure justice”. He also lauded the Owo community and the Catholic Church for maintaining peace throughout the difficult aftermath.

While acknowledging that the court’s decision cannot replace the lives lost, Aiyedatiwa noted that it provides some closure to the grieving families and bolsters faith in the justice system. Finally, he pledged his administration’s continued partnership with security agencies to enhance public safety and prevent future occurrences, while offering prayers for the victims and their families.

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