ATIKU PLEDGES SCHOLARSHIP TO VIRAL NIGER TEEN MINER. (PHOTO).

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 Atiku pledges scholarship to viral Niger teen miner Former Vice President Atiku Abubakar on Sunday said his “heart breaks” each time he watches a viral video of a teenage artisanal miner, Yusuf Aliyu, speaking at a mining site in Niger State after the deaths of 37 miners in the state. Atiku, in a statement posted on his X handle, said he was prepared to support the boy’s education, describing him as a child whose intelligence and confidence should be nurtured in a classroom rather than by working at a mining site. “I have watched Yusuf Aliyu’s video repeatedly, and each time, my heart breaks. A child with such intelligence, clarity and confidence should be in a classroom building his future—not struggling for survival in a community surrounded by gold but buried in poverty. “I cannot look at him and see an ‘illegal miner.’ I see a Nigerian child failed by the country that should have protected him. I see brilliance trapped by poverty and enormous promise abandoned by leadership,” ...
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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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