ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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DISCOS SET TO HIKE ELECTRICITY TARIFFS JAN 1.(PHOTO).

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DisCos Set To Hike Electricity Tariffs Jan 1

There are strong indications that the electricity distribution companies (DisCos) in the country will hike their tariffs with effect from January 1.

An official source from one of the electricity distribution companies who confirmed the development under the condition of anonymity said a virtual emergency meeting was held in that regard.

“All has been perfected for the new tariff to take effect from the first of January, 2024.

“It is now left for various electricity distribution companies to enlighten their customers on new developments,” the source said.

He said the National Electricity Regulatory Commission (NERC) had already invited distribution companies for a meeting on the development.

He expressed fear that while it is mandatory for electricity distribution companies to regularly evaluate tariffs every six months, the recent increase would meet customers’ dissatisfaction.

“In fact, we were perturbed by the short notice and how we would reach out to our customers about the increase,” he said.

Asked how much the increase would be, he said, “No idea so far, but the uncertainty has put us in a difficult situation.”

When contacted, another source from the TCN told Daily Trust on Sunday that only the NERC would have an idea of how much the increase would be.




 

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