By Michael Owhoko, Ph.D LAGOS FEBRUARY 12TH (NEWSRANGERS)-The unending darkness permeating Nigeria today,unarguably, was the mistake of 2013 when majority stakes in the electricity distribution companies (DISCOs) were sold to private investors as part of larger efforts to improve electricity supply, which was hitherto,disrupted by constant power failure across the country. Unfortunately, after 12 years…
LAGOS FEBRUARY 2ND (NEWSRANGERS)-The federal government has said that for electricity tariffs to reflect the actual cost of production, some Nigerians might need to pay over 65 per cent of what they are currently paying for a kilowatt/hour of electricity. Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, told Bloomberg that Nigeria’s power…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-The International Monetary Fund (IMF) has urged the Federal Government to completely phase out electricity subsidy in the country as a result of the hardship Nigerians are facing since the removal of fuel subsidy in May 2023. The Bretton Woods Institution made this recommendation as the mechanism for Nigeria to restore macroeconomic…
LAGOS AUGUST 24TH (NEWSRANGERS)-The national power grid has collapsed for the second time in less than a month, worsening the blackout being experienced by households and businesses in parts of Nigeria. The collapse, which occurred around 1:00pm on Monday, was confirmed by two of the electricity distribution companies in the country. The grid had on…
LAGOS SEPTEMBER 28TH (NEWSRANGERS)-The Nigeria Labour Congress, NLC, has come under attack for suspending planned nationwide strike over the increase in petrol and electricity tariff. NLC and TUC agreed to suspend the strike on Monday morning after meeting with the federal government. The new agreement, according to the Minister of Labour and Employment (State) Festus…
LAGOS SEPTEMBER 4TH (NEWSRANGERS)-The governor of Ogun State, Dapo Abiodun, on Thursday expressed his support for the hike in electricity tariff and fuel pump price. Abiodun made his position known on the increases that have attracted knocks from Nigerians in an interview with State House correspondents after a meeting he had with the President, Major…
LAGOS JUNE 30TH (NEWSRANGERS)-The Senate on Tuesday explained why the Federal Government should subsidise electricity for Nigerians The electricity distribution companies of Nigeria had on Monday told the National Assembly leadership that the only condition to halt tariff hike was for the Federal Government to bear the difference between the current tariff and the proposed…
LAGOS JUNE 29TH (NEWSRANGERS)-The leadership of National Assembly on Monday waded into the controversy on the planned hike in electricity from July 1st, 2020 and succeeded in convincing the distribution companies to differ the plan till the first quarter of 2021. This was contained in a statement issued late Tuesday by the Special Adviser to…