Just another News Updates
The Federal Government has announced that all electricity companies, including generation and distribution companies (GenCos and DisCos), are now exempt from withholding tax payments. This change is outlined in the new withholding tax regulation signed by Wale Edun, the Minister of Finance. Effective from July 1, 2024, the revised withholding tax regulation was proposed by […]
A high court in Lagos has issued an interim order preventing ten electricity distribution companies (DisCos) and the Nigerian Electricity Regulatory Commission (NERC) from increasing tariffs. The Manufacturers Association of Nigeria (MAN) is the applicant in the suit, marked FHC/L/CS/881/2024, according to court documents. Respondents in the Case The first respondents include: Abuja Electricity Distribution […]
The issue of lack of electricity that has pervaded almost all northern states is a national security risk that Northern Governors are playing with, if they do not do something to resolve, it has the potential to unite the masses with a call to action across the North and even Nigeria. Recall how Endsars started […]
Abba Dukawa Federal government has increase electricity tariff from N66 to N225. Even though NERC emphasised the increase in tariff will only affect customers enjoying 20 hour power supply and above across the country. While other customers in Bands B, C, D and E who consume less than less than 20 hours per day are […]
The National Union of Electricity Employees is calling for a rollback of the recent electricity tariff hike, expressing concerns over its impact on consumers. In a statement, the union’s president, Mr. Adebiyi Adeyeye, warned of potential strike action if the hike is not reversed. The Nigerian Electricity Regulatory Commission raised tariffs for customers receiving 20 […]
Despite widespread opposition, the Federal Government stands firm on its decision to implement a 240 per cent increase in electricity tariff for consumers in the band ‘A’ category. The decision, announced on Friday, sparked backlash from various quarters, including the Nigeria Labour Congress (NLC), which described the hike as unjust and vowed to resist it. […]
Atiku Abubakar, the former Vice President, has spoken out against the recent electricity tariff hike, warning that it will bring additional challenges to Nigerians already grappling with the removal of petrol subsidies and the depreciation of the naira. He expressed concern that the government raised electricity tariffs without considering the impact on citizens, who are […]