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Falana Supports Picketing Of DisCos Offices, Criticizes NERC’s Action
Falana Supports Picketing Of DisCos Offices, Criticizes NERC’s Action
Human rights lawyer Femi Falana has voiced his endorsement of the picketing of Nigerian Electricity Regulatory Commission (NERC) headquarters and Electricity Distribution Companies (DisCos) offices across the nation in response to the recent hike in electricity tariff. Falana asserted that such actions are justified and legally sanctioned under Nigeria’s Labour Act.....KINDLY READ THE FULL STORY HERE▶
Speaking during an interview on Channels Television’s Sunday Politics, Falana criticized NERC for failing to follow due process and engage stakeholders before implementing the unpopular tariff hike. He emphasized that NERC’s actions lacked transparency and violated the Electricity Act of 2023, which mandates public hearings before tariff adjustments.
The organized labour, represented by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), had issued a warning to NERC, demanding a reversal of the tariff hike to N65/kwh by May 12, under the threat of nationwide picketing.
Falana highlighted the discrepancy between the tariff increase and the actual provision of electricity, stating that citizens should not be burdened with higher tariffs when power supply remains unreliable.
Expressing concern for the fairness and sensitivity of government actions, Falana emphasized that it is unjust to expect citizens to pay increased tariffs in exchange for inadequate or nonexistent electricity supply.
Falana’s support for the picketing underscores the legal and moral grounds for the labour unions’ protest against the tariff hike, emphasizing the importance of transparent and inclusive decision-making processes in matters affecting the public.
During an interview on Channels Television’s ‘Politics Today’, former minister Rotimi Amaechi dismissed recent comments made by FCT Minister Nyesom Wike regarding his selection as a running mate, stating that he does not respond to subordinates and noting that Wike never employed him.....KINDLY READ THE FULL STORY HERE▶
Additional context regarding the political exchange includes:
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Wike’s Remarks: During a media briefing, Wike alleged that Amaechi’s selection was financially motivated rather than strategic, questioning his electoral viability and political influence post-2011.
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Amaechi’s Response: Maintaining that he is currently focused on mourning, Amaechi indicated that he intends to respond more forcefully once his campaign activities officially begin.
During an interview on TVC News, former Lagos State Peoples Democratic Party (PDP) chairman Deji Doherty disputed claims that Chief Olabode George is a founding father of the party, asserting instead that George was introduced into the party’s leadership by former President Olusegun Obasanjo around 1999.....KINDLY READ THE FULL STORY HERE▶
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Criticism of Leadership: Doherty argued that Obasanjo’s decision to entrust the management of the Lagos State PDP chapter to George was a mistake and that the affairs of the state branch were poorly handled.
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Internal Party Crises: Displaying reconciliation documents during the broadcast, he noted that past efforts by respected party elders to resolve internal party disputes have failed to secure long-term peace.
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Call for Youth Empowerment: Doherty emphasized that the ongoing leadership struggles should pave the way for a younger generation to take charge of the nation’s political future, regardless of party affiliation.
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Parallel (Black) Market Rates: According to Bureau De Change (BDC) sources in Lagos for Tuesday, August 4, 2026, the parallel market traded the US Dollar at a buying rate of ₦1,410 and a selling rate of ₦1,425.....KINDLY READ THE FULL STORY HERE▶
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Official CBN Rates: Central Bank of Nigeria figures recorded rates ranging from a low of ₦1,361 to a high of ₦1,364.
Key Advisory Notes
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Regulatory Stance: The CBN does not officially recognize the parallel market and advises individuals engaging in foreign exchange transactions to utilize authorized banking channels.
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Price Variance: Actual market transaction rates may differ across various dealers and locations due to continuous market fluctuations.
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