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Electricity tariff hike: Nigerian govt reveals next plan after workers’ protest
The recent protests led by Nigerian workers against the electricity tariff hike demonstrate the depth of dissatisfaction among citizens regarding the increase. The picketing of offices of Electricity Distribution Companies and the Nigerian Electricity Regulatory Commission highlights the widespread impact and concern over the tariff hike.
Joe Ajaero, President of the NLC, emphasized the need for the Nigerian Electricity Regulatory Commission (NERC) to review its methodology for tariff increases, linking the hike to the country’s soaring inflation rates.
In response to the protests, the Nigerian government has expressed readiness to negotiate with organized labor. A scheduled consultative meeting indicates a willingness to address the grievances raised by workers.
However, the NLC spokesperson, Benson Upah, reiterated the necessity for consultation before implementing such tariff increases. He warned that the protests serve as a precursor to potential future actions if the government fails to address the concerns.
The electricity tariff hike announced by the Nigerian Electricity Regulatory Commission in April 2024, affecting Band A customers, has drawn significant backlash from Nigerians. Despite a minor reduction following public outcry, the organized labor’s picketing indicates dissatisfaction with the government’s response.
Ewetumo A A, a retired staff member of the defunct Power Holding Company of Nigeria (PHCN), echoed the sentiment that the picketing was long overdue. He emphasized the need for a pragmatic approach to tariff review and urged the government to explore Public Private Partnership initiatives to address challenges in the power sector.
Overall, the protests underscore the urgent need for transparent dialogue and effective solutions to address the concerns of Nigerian workers and citizens regarding the electricity tariff hike and its broader economic implications.
News
NMDPRA, EFCC Storm Illegal Chinese Refinery in Ogun (Video)
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday stormed an illegal Chinese-operated refinery in Ogere-Remo, Ikenne Local Government Area of Ogun State.
The joint operation followed intelligence reports that revealed a well-fenced but crude yet technically sophisticated facility occupying more than three hectares of land.
During the inspection, officials observed underground tanks believed to have been used for heating and processing sludge oil, refining waste products, and substances suspected to be Automotive Gas Oil (AGO), popularly known as diesel. NMDPRA officials immediately sealed the facility.
Ogun State Coordinator of NMDPRA, Dr. Atilola Akinyemi, described the plant as a complete illegality operating without any permit from regulatory authorities.
“The underground storage facility behind the site has an estimated capacity of more than 90,000 litres, complete with underground heating systems, water hydrants for cooling, locally fabricated tanks and silos for separation,” Akinyemi told journalists.
He warned that if such adulterated products entered the market, they would pose serious risks to vehicles and engines. All recovered products have been confiscated by the Federal Government.
Director of the Department of Proceeds of Crime Management at the EFCC, Gbolahan Latona, stressed the need for collective patriotism in tackling economic crimes.
“Upon conclusion of investigation, the suspects will have their day in court and the proceeds of crime will be put to meaningful use,” Latona said.
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Sanusi: Critics Are Not Enemies Of The Govt
” It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.
The Emir of Kano, Alhaji Muhammadu Sanusi II, has advised the Federal Government against treating every comment about the administration as an attack on President Bola Tinubu.
The royal father gave the advise on the occasion of the Oxford Global Think Tank Leadership Conference, organised by the Oxford Global Think Tan.
Speaking virtually to the audience at the event, on Tuesday, Sanusi advised the government to tolerate constructive criticism.
“It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.
News
Urbanisation: Lagos To Fall Behind Luanda as sub-Saharan Africa’s biggest city by 2050
The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.
A report conducted by the World Bank and the European Commission’s Joint Research Centre, has projected that Angola’s capital, Luanda,will overtake Lagos as sub-Saharan Africa’s most populous city by 2050, rising by 78 percent from 11.4 million to 20.3 million.
The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.
The report estimated that Luanda’s population would increase from 11.4 million in 2025 to 20.3 million in 2050, adding 8.9 million residents over the period.
Lagos, the region’s most populous city in 2025 with an estimated 12.8 million residents, is projected to grow to 16.2 million by 2050, an increase of more than 25 percent.
Despite the growth, Lagos is expected to fall behind Luanda, whose population is projected to exceed that of Nigeria’s commercial hub by 4.1 million.
“Over this period, the population of Angola’s capital city, Luanda, is projected to increase by 78 percent from 11.4 million to 20.3 million.
In doing so, Luanda will overtake Lagos as SSA’s most populous city,” the report said.
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