THE VEST DID THE JOB - DONALD TRUMP CONFIRMS AGENT INJURED IN D.C. SHOOTING SCARE.(PHOTO).

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 The vest did the job - Donald Trump confirms agent injured in D.C. shooting scare Donald Trump has confirmed that a Secret Service agent was injured during a shooting scare at a major press event in Washington, D.C. Speaking after the incident, Trump said the officer was hit at close range but avoided serious harm thanks to protective gear.  “One officer was shot but saved by the fact that he was wearing a very good bulletproof vest,” he said, adding that the agent is now recovering and in good spirits. The situation unfolded during the White House Correspondents' Dinner, where attendees were settling in for the evening when gunfire was heard. Witnesses described a sudden shift from calm to panic, with people quickly moving for cover under tables as security responded. Video from the scene shows Secret Service personnel acting fast, escorting key figures away from the area, including Trump and other officials present at the event. According to his account, the suspect approac...
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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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