PRESIDENT TINUBU RECONSTITUTES THE BOARD OF THE NIGERIAN ELECTRICITY REGULATORY COMMISSION. (PHOTO). #PRESS RELEASE

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 STATEHOUSE PRESS RELEASE   President Tinubu Reconstitutes the Board of the Nigerian Electricity Regulatory Commission   President Bola Ahmed Tinubu has approved the reconstitution of the Board of the Nigerian Electricity Regulatory Commission (NERC), following the Senate's confirmation of its members on December 16.   Members of the reconstituted Board are:   • Mulisiu Olalekan Oseni, PhD. — Chairman   Dr Oseni started his service as a Commissioner in January 2017. He was subsequently appointed Vice Chairman of the Commission.   His appointment as Chairman took effect from 1 December 2025 and shall subsist until the completion of his ten-year tenure at the Commission, in accordance with the provisions of the Electricity Act, 2023.   • Yusuf Ali, PhD. — Vice Chairman   Dr Ali was first appointed as a Commissioner in February 2022. His designation as Vice Chairman took effect on 1 December 2025 and shall remain in effect until the completion o...

YULETIDE SEASON: TINUBU SLASHES TRANSPORT FARES NATIONWIDE BY 50%.(PHOTO).


Yuletide Season: Tinubu slashes transport fares nationwide by 50%

In a significant move aimed at easing the financial burden on Nigerians during the festive season, President Bola Tinubu has given the nod for a 50% reduction in interstate transport fares.

Effective from Thursday, December 21, 2023, to January 4, 2024, commuters nationwide can enjoy more affordable travel rates.

Additionally, in a generous gesture, President Tinubu has sanctioned free rides for all passengers utilizing train services during the specified period.

The announcement was made today by Mr. Dele Alake, the Minister of Solid Minerals Development, who conveyed the president’s decision to State House Correspondents at the Aso Rock Villa.

Alake said, “It is in this wise that the President is announcing through us that beginning from tomorrow, December 21, Nigerians willing to travel can board public transport via mini buses, luxury buses at 50 per cent discount of current cost and all our train services on the route the trains currently serve at zero cost on their travels this holiday season.

“This special presidential intervention will commence tomorrow, Thursday, December 21 and it will end on January 4, 2024.

“The Federal Government, through the Ministry of Transportation, will be working with transporters, road transport unions, the Nigerian Railway Corporation to seamlessly deliver on this special presidential initiative.

“I can tell you that all the relevant stakeholders in that industry have been discussed with or been engaged and all the parameters laid out and the Minister of Transportation has the full details and it’s on top of the game.

“In fact, the Presidents of the various transport unions have been met…and everything is in top shape in terms of execution.”

On air travel, Alake said that the initiative did not apply.

“The initiative is for the masses. Air is luxury. The masses don’t use air transport. So they are our main target,”said.

This move is expected to bring relief to citizens traveling across the country, fostering a more accessible and budget-friendly means of transportation during the yuletide season.


 

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