Connect with us

Trending News

National Assembly to NERC, suspend June electricity tariff hike

Published

on

The House of Representatives has directed the Nigerian Electricity Regulatory Commission  (NERC) to halt plan to review electricity tariff in June.

The House also condemned electricity distribution companies for transferring debts incurred by former occupants of building to the new occupants or tenants.

During Thursday plenary, the House adopted a motion moved by Aniekan Umanah titled: ‘Call on the Nigerian Electricity Regulatory Commission to Suspend the Proposed Increase in Electricity Tariff’.

Following the adoption of the motion, the House urged the Federal Government to direct NERC to “rescind the decision to further increase electricity tariff proposed for June 2021 in view of the hard times Nigerian masses are currently going through.”

The House further mandated its committees on Power, Poverty Alleviation, and Labour, Employment and Productivity to ensure compliance with the resolution.

Umanah, while moving the motion, noted that the Electric Power Sector Act of 2005 established the NERC with a mandate to license Discos, determine the operating codes and standards, establish customer rights and obligations and set cost-reflective industry tariffs.

The lawmaker also noted that the Act prescribed its funding from 15 per cent of electricity charges paid by customers to the Discos.
He recalled that the NERC, working with the Discos, had increased electricity tariffs five times since 2015, the latest being on January 1, 2021.

Umanah said, “The House is aware that despite those increases, Nigerians have not enjoyed significant improvement in power generation, instead they daily grapple with epileptic services from the Discos and unilateral exploitation in the name of estimated billing arising from non-metering of over 50 per cent of consumers.

“The House observes that poor services by the Discos have impacted negatively on the socio-economic growth of the country as the International Monetary Fund Report of 2020 on Nigeria indicated that the manufacturing sector lost over $200bn to inadequate power supply, while $21bn was said to have been spent by Nigerians on generators within the period under review.

“The House further observes that the Nigerian masses have gone through so much hardship in recent times arising from acts of terrorism, banditry, kidnappings, and farmers herdsmen’s crisis with its toll on agricultural activities, displacement from ancestral homes, loss of loved ones, starvation arising from inability to return to daily occupation and loss of personal properties running into several million of naira.”

The lawmaker added, “The House is concerned that at a time governments all over the world are adopting measures to cushion the devastating effects of the dreaded COVID-19 pandemic on their citizens by providing a wide range of palliatives to losses of loved ones, jobs, businesses and general distortion in the social life, NERC is tinkering with the idea of a further increase in electricity tariff after that of 1 January, 2021, in a country where two-thirds of the 200 million population is grappling with the crippling effects of the pandemic.”

The House also unanimously adopted a motion by Olatunji Shoyinka titled: ‘Need to Investigate Transferred Debts Incurred by Old Electricity Customers to New Users by Distribution Companies in Nigeria’.

The lawmakers consequently resolved to mandate the House Committee on Power to “engage the distribution companies and other relevant regulatory agencies to find a lasting solution and report within four weeks.”

 

55 / 100

Politics

FFK’s Admission Into APC, A Symbolic Presidential Amnesty – Kayode Ajulo

Published

on

FFK’s Admission Into APC, A Symbolic Presidential Amnesty – Kayode Ajulo

Dr. Kayode Ajulo, a legal practitioner, has described Femi Fani – Kayode’s (FFK) admission into the APC as a ‘symbolic presidential amnesty’, considering his past attacks on President Muhammadu Buhari.

Ajulo said this in a statement on Thursday in Abuja, against the backdrop of FFK’s recent defection to the APC.

He said the APC was magnanimous to have received FFK, irrespective of the fact that some persons including some party members might not be happy with the development.

”FFK’s past attacks on President Buhari and the APC had unwittingly influenced passions in some quarters, for armed and unarmed agitations against the President and the Nigerian state.”

Fani Kayode-Crystal News

Fani Kayode-Crystal News

He recalled that FFK had suggested on different occasions with his tweets, that the APC government was filled with terrorists.

Ajulo, however, said that the commendable magnanimity of President Buhari to FFK should be extended to various agitators across the country as a basis for amnesty.

According to him, amnesty in this context is not to be viewed from the strict standpoint of legal knowledge, rather the ordinary meaning is desirable.

“For our immediate purpose, therefore, amnesty means forgiveness, cessation of remembrance of wrong, leniency, and mercy,” he said.

READ ALSO: APC Postpones State Congresses, Announces New Date

He stated that it might not be wrong to state that the symbolic ‘amnesty’ granted to FFK by the President and the APC almost came on a platter of gold.

“The symbolism by the President signposts the fact that the vilest of ‘sinner’ in his lucid moment of thorough reflections, can be granted safe passage toward the “mercy seat,” he said.

Ajulo admitted that FFK is misunderstood man and has a controversial personality.

According to him, haven been given the benefit of ‘eating his cake and having it, the same level of understanding, leniency, and mercy should be extended to his allies.

He said some of the agitations by secessionists had not gone without the open endorsement and support of FFK.

He advised FFK to totally divest himself of his divisive un-nationalistic past.

64 / 100
Continue Reading

Humanity

Sanwo-Olu Seeks Innovative Solutions For Cardiovascular Disease Patients

Published

on

Lagos State Governor, Babajide Sanwo-Olu has tasked the Nigeria Cardiac Society, (NCS) to develop innovative solutions and reinvent methods to reach out to patients with cardiovascular diseases in Nigeria.

Sanwo-Olu, represented by Dr Olusegun Ogboye, Permanent Secretary, Ministry of Health, Lagos state, made the call at the 50th anniversary and scientific conference of the NCS in Lagos.

The theme of the conference was : “Delivering Cardiovascular Care in Emergency and Disaster Situations”.

”Science and technology has successfully made life easier and better through several inventions and innovations, such as telemedicine and use of artificial intelligence in the health sector.

“As we are aware, people with underlying health issues such as cardiovascular diseases, are more at risk of the severity of COVID-19 complications.

”The World Health Organisation (WHO) revealed in 2016 that non-communicable diseases are estimated to account for 29 per cent of all deaths in Nigeria.

”With cardiovascular diseases being responsible for 11 per cent of these deaths and also responsible for a high burden of morbidity and disability leading to strokes and others.

“These statistics serve as a pointer to the fact that cardiovascular diseases have somewhat dire consequences when not properly and closely monitored,” Sanwo-Olu said.

He said that in Lagos state telemedicine has been integrated into our health care system.
“It is one of the innovations we have embraced from the lessons COVID-19 has taught the world.

“I remain proud of all the great strides and achievements of the society, being the first cardiac society to perform an open heart surgery in black Africa.

“This society has contributed to manpower training in cardiovascular medicine and surgery,” Sanwo-Olu added.

Speaking, Dr Okechukwu Ogah, President, Nigerian Cardiac Society said there was a need to collaborate with basic, social and public health scientists in order to advance our research in common cardiovascular health conditions in the country.

Ogah said that in recent time there had been remarkable contributions of our members in the areas of congenital heart disease, hypertension, COVID-19 and other heart diseases.
“We are also working with the World Heart Federation(WHF) and Federal Ministry of Health in many areas to tame the growing burden of Non-communicable Diseases.

”It is no doubt that we are working in very difficult terrain at a time the world is bedeviled by a pandemic, “he said.

Oga noted that locally, they were facing a very disruptive health care system, massive migration of health workers, economic down turn, devaluation of our currency and high cost of drugs.

“We therefore, use this opportunity to call on our governments at all levels to look into the plights of our patients and those who provide the care.

”We thank all the public and private health institutions that have added value to the practice of cardiovascular medicine in Nigeria.

“At the founding of our society, there were very few human and material resources to take care of the cardiovascular needs of the country.

”Today cardiac care services are provided in many tertiary centres and private-owned super-specialty cardiac care services are springing up, but currently affordable to the rich in the country, “he said.

Sanwo-Olu Seeks Innovative Solutions For Cardiovascular Disease Patients

Oga called on the Federal and State Governments to embrace universal health coverage and provide the enabling legal framework and resources in Nigeria.

Also contributing, Prof. Amam Mbakwem, Chairman, Local Organising Committee of the conference said that the time was apt for us to deliberate on the best way to deliver cardiovascular care during these periods.

Mbakwem said that the level of environmental degradation, global warming, encroachment on the natural habitats of some of the hosts or carriers of these pathogens, no one was sure what happens next.

”However, come what may, we would innovate and look after our patients in a safe and effective manner.

“The problems of cardiovascular care delivery are magnified in our environment with very weak and fragile infrastructure and health systems.

”During this conference, we will take a critical look at how far we have come as a society as we attain the golden jubilee age.

“In this conference, we have three generations of cardiologists; founding fathers, the cardiovascular care professionals of today and our young fellows,” she said

76 / 100
Continue Reading

Business

CBN Sets To Roll Out E-naira October 1

Published

on

CBN Denies Non Remittance Of 80% Surpluses-Crystal News

The director of Information Technology, Central Bank of Nigeria (CBN), Rukiya Mohammed, on Wednesday said the apex bank has concluded plans to launch the Central Bank Digital Currency (CBDC) on October 1.

Mohammed disclosed this in a webinar, themed “Digital currency and the prospects of CBDC in Nigeria”, organized by the committee of e-Business in industry Heads Nigeria (CeBIH).

Mohammed said that the use of digital payment was rising while cash payment was declining both in Nigeria and globally.

She said that over 85 per cent of Central Banks worldwide were considering digital currency and so CBN was also innovative to cope with global trends.

“CBDC would contribute to macro-economic growth in the country, if people adopt more of the usage of the e-naira, it would enhance more data to formulate macro economic policies.

“Also, when more countries have their own digital currencies, it would increase exchange of currency and be able to build cross border trade at lower cost.

“Even though Nigeria has a good payment system, this would also improve Nigeria’s payments efficiency,“ she said.

She said the CBN has partnered with a lot of experts in digital currency technology providers such as MasterCard, came up with the design and would soon publish the design.

“CBN would focus on low amount payments at the introductory stage, instant settlement with low cost.

“CBDC would be legal tender with one e-naira equivalent to one naira which shows fundamental differences between CBDC and crypto currencies,” she said.

Also speaking, Dr Adesola Adedutan, Managing Director, First Bank Nigeria, said that the Central Bank of Nigeria CBDC was a game changer that would provide an alternative payment system and would radically transform the payment landscape.

Adedutan, who was represented by the Banks deputy chief executive, Mr Francis Soba, said CBDC provides a platform for the government to leverage blockchain technology to maintain a centralised and institutional role over of the currency.

‘’It should be noted that there are significant differences between CBDCs and cryptocurrencies,” he said.

65 / 100
Continue Reading

Trending News