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There Is No Plan To Increase Electricity Tariff Yet – NERC
NERC, the Nigerian Electricity Regulatory Commission, has denied news going round that it plans to increase electricity tariff soon.
So, in a press release signed by the commission’s spokesperson, Usman Arabi, the commission says it has no immediate plans to increase electricity tariffs in the country.
''The attention of the NERC has been drawn to the publication in several electronic and print media that end-user electricity tariffs have been increased following the approval of the minor review (2016 – 2018) of the 2015 Multi-Year Tariff Order on Aug. 21, 2019.
We wish to guide that the minor review implemented by the commission was a retrospective adjustment of the tariff regime released in 2015.
This is to account for changes in macro-economic indices for the years 2016, 2017 and 2018 thus providing certainty about revenue shortfall that may have arisen due to the differential between tariffs approved by the regulator and actual end-user tariffs.
The commission, therefore, wishes to notify the general public that no tariff increase has been approved by the commission vide the order."
Also, the statement added that Nigerian Electricity Regulatory Commission in discharging its statutory responsibilities in the Electric Power Sector Reform Act, would continue to carry out periodic reviews of electricity tarrifs. This he promised shall be in line with the prevailing tariff methodology.
Besides, the NERC has promised to do a wide consultations with stakeholders on electricity tariff increment anytime the need arises.
The NBA All-Star game has now to be called The Kobe Bryant MVP Award. NBA commissioner, Adam Silver made this announcement on Saturday 15th February.
The Kobe Bryant MVP Award will be given this Sunday at the closing of this year’s All-Star Game in Chicago. Both teams will be captained by Giannis Antetokounmpo and Lebron James respectively. Team Lebron will put on No 2 and team Giannis will put on No 24. These two numbers were worn by Gianna, Kobe’s daughter and Kobe Bryant.
Recall that Kobe won the All-Star Game MVP in 2002, 2007, 2009, and 2011. Also, he played as the youngest player to feature in the All-Star Game at 19 in 1998.
Modibbo Kawu, the DG of the National Broadcasting Commission, NBC, has been put on suspension by President Buhari. This came following his corruption charges by the Independent Corrupt Practices, ICPC.
This development was confirmed by Armstrong Idachaba, NBC’s Director of Broadcast Monitoring. Further, the most senior director in the commission has been directed to take over from Modibbo Kawu.
Modibbo Kawu is currently facing a 12-count charge bordering on money laundering, abuse of office, and misleading a public officer with the intent of defrauding the government.
So, this contravenes Section 26 (1) (c) of the Corrupt Practices and other Related Offenses Act 2000 and punishable under Section 19 of the same Act.
Beisdes, Modibbo was first arraigned in May 2019 over the alleged misappropriation of N 2.5 billion for the digital switch-over (DSO) program of the government.
The Health Ministry in Egypt has confirmed the first case of the deadly Coronavirus. The authorities made this disclosure on Friday 14th February in a press release. They said the World Health Organization has been informed and the patient is in isolation for monitoring and treatment.
The patient’s nationality was not given. However, Egypt is the 28th country in the world to record Coronavirus and the first in Africa.
So, over 64,000 cases of the Coronavirus have been diagnosed around the world and 1,363 persons have been confirmed dead since its outbreak in Wuhan, China
