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FG Unveils Plan To Increase Power Supply: Highlights Of Minister Of Power’s Press Briefing
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
- 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%.
- 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.
- 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.
- 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.
- Infrastructure Challenges: Significant infrastructure challenges persist in the power sector, including obsolete equipment and vandalism, which hamper efforts to improve electricity provision.
- 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.
- Energy Consumption Management: Despite some public skepticism, effective energy consumption management remains crucial for optimizing electricity provision.
- 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.
The Legal Practitioners Disciplinary Committee (LPDC), headed by Kalu Umeh (SAN), has scheduled September 30 to deliver its ruling in a professional misconduct case involving a Senior Advocate of Nigeria, Ikechukwu Ezechukwu, alongside lawyers Smart Ukpanah and Hope Onyekwere.....KINDLY READ THE FULL STORY HERE▶
The petition, brought by Kingsley Aneubuna, accuses the respondents of forgery, perjury, and criminal misrepresentation stemming from a property transaction regarding a Dutse District plot in Abuja. According to the petitioner, he purchased a terrace duplex on the land in 2018 after receiving assurances from Ezechukwu that the title was unencumbered, only to later discover existing litigation, a court injunction, and the alleged unauthorized use of his name in court processes, alongside a backdated and altered agreement.
During the proceedings, defense counsel D.O. Okolo urged the panel to dismiss the case, citing a letter from the petitioner expressing a desire to withdraw the matter. However, the committee rejected the request, ruling that its regulations do not allow for a withdrawal once issues have been joined, and subsequently reserved its decision for September 30.
Prominent political figures—including Oyo State Governor Seyi Makinde, former Ekiti State Governor Kayode Fayemi, and former Osun State Governor Olagunsoye Oyinlola—met with former President Olusegun Obasanjo at his residence in Abeokuta, Ogun State, on Sunday.....KINDLY READ THE FULL STORY HERE▶
The gathering took place against the backdrop of intensifying political consultations and realignments as the country looks toward the upcoming general election. Governor Makinde shared details of the visit on social media, noting that the conversation revolved around critical national matters and upcoming electoral processes, while expressing gratitude for the former president’s guidance.
While specific details of the private meeting remain undisclosed, the cross-party attendance has fueled speculation regarding potential new alliances. Makinde, whose second term as governor is drawing to a close, previously announced his presidential bid under the Allied Peoples Movement following a joint event in Ibadan, criticizing current governance and calling for a national reset.
The 2027 presidential landscape features several key contenders, including incumbent President Bola Tinubu of the All Progressives Congress, former Vice-President Atiku Abubakar of the African Democratic Congress, and Peter Obi of the Nigeria Democratic Congress.
The meeting has drawn heightened interest due to the diverse political affiliations of the attendees, with Oyinlola representing the Peoples Democratic Party and Fayemi belonging to the APC. Meanwhile, former President Obasanjo has yet to officially endorse a candidate for the upcoming race, though he continues to be a central figure in ongoing political discussions and recent public debates involving other key political leaders.
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BALLOT BLOCKBUSTER: INEC Official List Seals PDP 2027 Presidential Fate for Wike-Backed Faction!.
The PDP faction loyal to FCT Minister Nyesom Wike stated that INEC’s publication of its presidential ticket has dispelled doubts about the party participating in the 2027 elections.....KINDLY READ THE FULL STORY HERE▶
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Ticket Confirmation: Senator Sandy Ojang Onor and Alhaji Babangida Umar were officially listed as the presidential candidate and running mate, respectively.
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Disproving Speculation: The faction noted that this development puts an end to claims that leadership crises would prevent the party from fielding a candidate.
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Appreciation for Institutions: The group commended INEC, the judiciary, and security agencies for adhering to the rule of law.
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Call for Unity: Reaffirming its commitment to internal cohesion, the faction reached out to aggrieved members and welcomed new defectors.
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Rival Faction Setback: This publication serves as a setback for the rival faction led by Tanimu Turaki (SAN), which had backed former President Goodluck Jonathan.
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