KATSINA WOMAN REWARDED WITH N500, 000 FOR DISPLAY OF HONESTY. (PHOTO).

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 Katsina woman rewarded with N500,000 for display of honesty A woman identified as Malama Amina Abdulkadir-Yanmaman has been rewarded with N500,000 and certificate of commendation for returning N748,320 wrongly credited to her account to the coffers of Katsina state government. Abdulkadir-Yanmaman was wrongly credited with N748,320 meant for the Federal Government’s Home Grown School feeding programme in the state, according to Executive Director, Katsina State Social Investment Programme Agency (KASIPA), Dr Mudassir Nasir. Nasir presented the reward to Abdulkadir-Yanmaman on behalf of Katsina State government. “She told us that she received alert with a narration titled payment for vendors who were providing primary school pupils with free food. “The woman decided to come to our office because she was not on the register for vendors who provide food for our pupils and she was not part of such a programme. “We requested for her bank statement and the office of the auditor-general v...
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FG'S ELECTRICITY SUBSIDIES INCREASE BY 2.76% TO N199. 64BN IN DECEMBER- NERC. (PHOTO).

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 FG’s Electricity Subsidies Increase by 2.76% to N199.64bn in December – NERC


The Nigerian Electricity Regulatory Commission (NERC) has announced a 2.76% increase in electricity subsidies payable by the Federal Government for December, raising the total from N194.26 billion in November to N199.64 billion. This increase follows adjustments due to factors such as the rising exchange rate, inflation reaching 33.9%, and changes in available generation capacity.


The December 2024 Multi-Year Tariff Order (MYTO), posted on NERC's website, retains electricity tariffs for all customer categories. Customers in Bands B to E will continue to pay the same rates as December 2022, while Band-A customers will maintain the rate of N209/kWh.


Key beneficiaries of the subsidies include Abuja DisCo, which will receive N29.10 billion (up from N27.86 billion in November), and Ikeja Electric, which will benefit from N26.68 billion in government subsidies.


NERC confirmed that the gas-to-power price benchmark remains at $2.42/MMBTU, based on the rate set by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Despite the increase, NERC emphasized that the tariffs are subject to monthly adjustments based on factors like inflation, exchange rates, and gas prices.


Chief Princewill Okorie, Executive Director of the Electricity Consumers Protection Centre, commented that subsidies are ineffective without adequate electricity supply, criticizing the DisCos for poor service and the continued use of estimated billing for unconsumed power.

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