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FG Unveils Plan To Increase Power Supply: Highlights Of Minister Of Power’s Press Briefing

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FG Unveils Plan To Increase Power Supply: Highlights Of Minister Of Power’s Press Briefing....KINDLY READ THE FULL STORY HERE▶

The Minister of Power, Adebayo Adelabu, held a press briefing in Abuja, shedding light on the government’s efforts to enhance electricity provision across the country. Here are the key takeaways from the session:……READ ALSO

  1. Subsidy Reduction: Before the recent tariff adjustment, the government subsidized 67% of electricity costs, with an estimated subsidy cost of around 2.9 trillion Naira for 2024. However, following the tariff adjustment, the subsidy cost dropped significantly to approximately 1.4 trillion Naira, marking a reduction of over 50%.
  2. Band A Feeders: The tariff adjustment led to a reduction in Band A feeders, with only 481 remaining out of over 1,000. This change primarily affects Band A customers, who will no longer receive subsidies.
  3. Metering Gap: Currently, only slightly over 5 million out of approximately 12 million electricity customers in Nigeria are metered, leaving a gap of over 6 million customers without meters.
  4. Transition to Cost-Reflective Pricing: The government plans to gradually transition towards cost-reflective pricing over the next three years, aiming to ensure sustainable funding for the power sector.
  5. Infrastructure Challenges: Significant infrastructure challenges persist in the power sector, including obsolete equipment and vandalism, which hamper efforts to improve electricity provision.
  6. Sanctions for DisCos: Distribution Companies (DisCos) failing to provide 20 hours of supply to Band A consumers will face sanctions, incentivizing them to migrate other bands to Band A to charge higher tariffs.
  7. Energy Consumption Management: Despite some public skepticism, effective energy consumption management remains crucial for optimizing electricity provision.
  8. Ongoing Efforts: The government continues to focus on regulatory decentralization, investments in renewable energy, and infrastructure improvements to enhance power supply reliability and coverage nationwide.

Overall, the briefing outlined the government’s commitment to addressing challenges in the power sector and ensuring sustainable electricity provision for all Nigerians.

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Insecurity Will Soon Be Defeated, Akpabio Assures Nigerians

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Senate President Godswill Akpabio has assured citizens that the federal government will soon overcome the nation’s security challenges through a renewed, proactive strategy by security forces.....KINDLY READ THE FULL STORY HERE▶

Speaking in support of President Bola Tinubu’s Renewed Hope Agenda, Akpabio emphasized that safety is vital for economic growth, noting that no local business or foreign investor can thrive in an atmosphere of chaos. He highlighted that security agencies have transitioned from a reactive stance to taking the fight directly to the enclaves of criminals, bandits, and insurgents.

Key highlights from his address include:

  • Collective Responsibility: Akpabio stressed that military hardware alone cannot end criminality, urging citizens to partner with security agencies by providing timely and credible intelligence.

  • Economic and Banking Resilience: He declared that Nigeria’s banking sector has shifted from survival to absolute dominance, becoming one of the safest and most technologically advanced in Africa.

  • Reforms Yielding Results: He credited ongoing bank recapitalisation and financial reforms for ending the era where banks could suddenly collapse and cause depositors to lose their savings.

Ultimately, the Senate President maintained that a combination of proactive security operations, economic reforms, and civic cooperation will drive Nigeria’s path toward lasting recovery and national development.

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‘So Many In A Cell – Gov Bago Breaks Silence On Death Of 37 Miners In NSCDC Custody

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Niger State Governor Mohammed Umaru Bago has addressed the tragic deaths of 37 suspected illegal miners in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Minna.....KINDLY READ THE FULL STORY HERE▶

  • Severe Overcrowding: Governor Bago confirmed that NSCDC holding facilities were severely overcrowded, stating that “so many [were] in a cell” designed for a much smaller capacity.

  • Potential Causes Under Investigation: While highlighting the dangerous overcrowding, the governor also pointed to possible poisoning as a contributing factor, citing the victims’ foam-filled mouths and the presence of chemical substances at the arrest site.

  • Accountability and Autopsies: The state government has suspended the NSCDC Commandant and his team. Investigations, including autopsies and toxicology reports, are being conducted by multiple agencies, including the police and DSS.

  • Call for Calm: Governor Bago ordered the closure of the mining site in question and appealed to the public to remain calm and avoid unrest as the investigation proceeds.

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“POLITICAL BLOODSHED: Notorious Gunmen Assassinate Popular Enugu Politician In Midnight Ambush!”

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Prince Ikechukwu Oloto, a well-known politician in Enugu State also known as Okanga Moo, has been brutally murdered by unknown attackers in Nsukka Local Government Area.....KINDLY READ THE FULL STORY HERE▶

  • The Attack: Oloto was reportedly ambushed and killed on Thursday evening inside his residence located in the Odenigbo area of Nsukka.

  • Confirmation: Social media influencer Sen. Chijinkem Ugwuanyi confirmed the tragic incident on Facebook, stating that the politician was brutally attacked and cut into pieces.

  • Police Status: At the time of reporting, the exact circumstances surrounding the assassination remain unclear, and the Enugu State Police Command has yet to release an official statement.

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