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Electricity To Cost Between N150 To N300 Per Kilowatts Hour



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Nigerians will start to pay between N150 to N300 per kilowatts hour of electricity as from July 1st, 2023. This is even as the Manufacturers Association of Nigeria MAN has enumerated the impacts of the proposed 40 percent tariff increase on Nigerians if it is implemented.

At the moment, Band C which presently goes for about N40 Per Killowatts Hour may be increased to about N100 Per Killowatts Hour. While Band A which is presently at about N56 Naira Per Kilowatts Hour may be jerked up to about N150 Per Kilowatts Hour

According to Kola Olubiyo, President, of Nigeria’s Consumers Protection Network, he said: “What it means technically speaking, is that electricity tariff rate is now is going to be floated and it will be Market driven as Naira / Dollars Exchange rates will now be subjected to a Free Market Free falls

With high exchange rate volatility, in the next few days, Electricity Tariff may go for between a Minimum Baseline of One Hundred Naira ( N100 ) and a maximum threshold of three Hundred Naira ( N300 ) Per Kilowatts Hour.”

He stated further, that as sad as it is, this shall not translate into any significant improvement in reliable electricity Supply nor translates into upscale in efficient service delivery due to obsolescence of critical power grid infrastructure, Technical and Commercial Losses and poor culture of market remittances, grid constraints amongst others.

Already some of the electricity distribution companies have enjoined Nigerians to load their Pre Paid Meters ( PPM ) in Advance. Those with financial means should endeavor to vend their Pre Paid Meters with some token in advance.

A public service announcement by Abuja Electricity Distribution Company stated: “Dear Valued Customers, effective from July 1st, 2023, please be informed that there will be an upward review to the electricity tariff influenced by the fluctuating exchange rate.

Under the MYTO 2022 guidelines, the previously set exchange rate of N441/$ may now be revised to approximately N750/$ which will have to impact on the tariff associated with the electricity consumption.

For customers with Band C, with supply hours ranging from 12 to 16 hours per day, the new tariff base is expected to be N100 per kilowatt hour (KW/h). While Bands A with 20 hours and above and Band B with 16 to 20 hours will experience comparatively higher tariffs

For Customers with prepaid meters, we encourage you to consider purchasing bulk energy units before the end of this month as this will allow you to take advantage of the current rates and potentially make savings before the new tariffs come into effect. For those on postpaid estimated billion, a significant increment is imminent in your monthly billing”

MAN Reaction

Reacting to the issue, the Manufacturers Association of Nigeria (MAN) through Segun Segun Ajayi-Kadir, its director general stated that as a matter of fact, a further rise in electricity tariff could lead to the following:

Costs of production will soar: Higher electricity tariffs will directly increase the cost of production for manufacturers. Already, we have energy constituting between 28-40% of the cost structure of manufacturing industries. You can imagine the impact on manufacturing industries that are energy-intensive such as metal processing, heavy machinery, and chemicals manufacturing.

Profit margins will reduce: A spike in the electricity tariff will erode the profit margin of the manufacturers and reduce their ability to expand operations and create new jobs
iii. High probability of activities paralysis: This is a definite possibility among small and medium-sized enterprises (SMEs) who are unable to accommodate the higher price.

Potential decrease in the revenue collectible by the government: The hike in electricity tariff will reduce the manufacturers’ profitability and by extension the quantum of taxes and fees payable to the three tiers of Government. Manufacturers remain the largest income taxpayer in the country. Therefore, in the event of poor income generation due to high costs of production, the government purse will suffer.

. Manufacturers will ultimately pass on the additional cost to the consumers of their products: This will increase the cost of local made products in the market and complicate the rising inflation rate in the country.

Recession of manufacturing activities: An increase in electricity tariff will reduce the purchasing capability. One of the resulting effects is the fall in demand and recession of manufacturing activities over time.

vii. The sector’s competitiveness will definitely worsen: The high cost of the products will make locally produced items less competitive when compared with imported alternatives. This is also true of exports, as Nigerian products may find it more challenging to penetrate foreign markets. Such a move will restrict our export earnings because it will be impossible to compete with our counterparts in the global trading environment.

viii. High probability of outward investment. Some manufacturing industries may consider shifting production to other economies with lower electricity tariffs and guaranteed availability.

Manufacturers Expectations

The expectation of the manufacturers is that the Federal Government and NERC will ensure improvement in electricity generation, transmission and distribution that will lead to adequate and reliable electricity supply in the country, rather than increasing the tariff on the mere 4000MW to meet all revenue needs of stakeholders in the electricity supply industry.

Government should ensure that at least 90% of electricity consumers are metered to ensure consumption reflective electricity bill payment, formulate electricity policies that will aid investment in the energy industry to increase generation capacities that will usher in large-scale production of electricity and ensure effective implementation of the recent Electricity Act (2023) that is aimed at increasing the electricity supply in the country.


There is an urgent need for the diversification of energy sources and intensifying infrastructure investment in the power sector;
Eradicate outrageous bills by closing the metering gap through the liberalization of ultimate users’ access to effective mass metering;
iii. Ensure the connection of all consumers to the electricity grid to avoid free riding and unfair charges on the few connected consumers;

Work on efforts to increase the electricity supply base in order to distribute the total cost among a high number of consumers at a much lower unit cost;
States and private investors should rise up to the challenge by taking advantage of the Electricity Act 2023 to eradicate the energy poverty of their people.
In conclusion

As it is today, the manufacturing sector, which is the engine of growth, is still struggling due to the inclement production environment in Nigeria. The expectation is that Government will engage in extensive and intensive consultations with the manufacturers; focus on measures that will salvage the sector and halt the trend of shutdown of factories, knowing the implications and the multiplier effects on employment and the economy. Care should be taken to avoid introducing burdensome measures that will further strangulate the manufacturing sector and the whole economy.


BREAKING: Gunmen attack Benue Link vehicle again, abduct passengers

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Kidnappers Demand N60 Million as Ransom



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Reports reaching InsideBenue reveals that some gunmen have on Sunday attacked a Benue Link passenger bus, abducting not fewer than 10 passengers.

The incident occured around Olanyega community along Otukpo-Otukpa road in Okpokwu Local Government Area of Benue State.

According to the Secretary General of the Amalgamated Union of Public Corporation, Civil Service Technical and Recreational Services Employees (Benue Links chapter), Comrade Gabriel Tachia, the fully loaded bus was on its way to Makurdi from Onitsha before it was hijacked on the Benue road.

“Four passengers were released as at yesterday night (Sunday) after the army gave the abductors a hot chase. It was a fully loaded bus (with 15 occupants). The bus was returning from Onitsha to Makurdi,” Tachia told newsmen.

Mr Omale Omale, the Commissioner for Power, Energy and Transport who confirmed the development to newsmen in Makurdi said information are sketchy.

The Makurdi Zonal Centre of Nigerian Television Authority (NTA), said among the passengers abducted was a staff of the organisation.

According to the report, the kidnappers demanded N60 million, but reduced the demand to N16 million as ransom before their victims gain freedom.

The operation which lasted over 30 minutes, according to locals, occurred at 2:30pm on Sunday, leaving motorists plying that section of the highway helpless.

A local chief in the area, who escaped being caught up in the attack, narrated that the spot – Olanyega/Okpudu – where the incident happened on the Otukpo-Ugbokolo-Enugu Expressway had over time become unsafe for commuters.

Recall that similar incident involving two buses of the transport company a fortnight ago around Ajaokuta in Kogi State. 28 people were kidnapped.

Tachia however added that eight of the 10 Lagos-bound passengers abducted in Kogi axis had been released remaining two victims.

The Police Public Relations Officer (PPRO) for Benue Command, SP Catherine Anene, confirmed the incident.

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Reactions Trail Nomination of Nollywood Actor-Son as Late Pastor Odukoya’s Successor



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Jimmy Odukoya

Following the nomination of Nollywood actor and son of the late Pastor Odukoya, Jimmy Odukoya as successor of his popular father by the Board of Trustees of Fountain of Life Church on Sunday, a social media influencer, Barr. Jov Tersoo took to his Facebook page to congratulate the new overseer. But his post with different reactions from his readers:

Tersoo writes: Congratulations to Jimmy Odukoya. This is why some people keep referring to Pentecostal churches as family empires. Also a reason why no one want to serve under another person as a pastor. No matter how good and faithful you are, the general overseer’s son is prepared to take the lead when the father is gone. May his reign be great.

Below are some of the reactions:

✍ Idoko Noah Sanni commented “The hair style if not natural dada (dread) and you still remain in the church you need check up,we thank God for orthodox background”

✍ Tertindi Teeter writes: “Thanks be to God Almighty who uses the foolish things of the world to confound the wise.”

✍ Ololade Paul writes:
“With this kind of hair style? This is not how we met Christianity!”

✍ Usha Humphrey writes: “He looks like a superstar”

✍ Walter Ogar writes: “Joel Osteen took over from his father John Osteen, founder of Lakewood Church and has surpassed all expectations. Just listen to God, what is he saying?”

✍ Ishaya Danladi writes: “The founder of the Redeemed Christian Church of God followed a path that most overseers dread to take. He made someone not even related to him to take over the helm of affairs before his departure. Most presidents and founders of modern pentecostal churches start their work with the view that it is a family business.”

✍ Aondona Manta write: “Jov, Who was the leader of the Jerusalem council of elders, or if we must put it in today’s parlance, the Chairman of the Board in Jesus’ ministry after his death and resurrection?”

✍ Sammie Adoche writes: “Until you know the circumstances surrounding his nomination it’s wrong to call any church a family business. Jimmy is not someone who will normally want to take up such mantle but if it’s God’s what will he do.”

✍ Ayodele Yemitope writes “I feel that’s subjective… It’s not all churches that get another person that’s not a family member that ends up more Successful and it’s not all churches that has the son or family of the founder take over that becomes a Success. What matters is if God is leading in that direction. Jimmy has been a Pastor in TFL for a while now long before the Dad’s death. But for the Dreads that seems kind off out of place to many. Every other things is okay from man’s point of view from God side that’s for those that have heard in line. The real deal is when the Latter House Surpass the Former”

✍ Dommie Kay writes “Any man that can go sit in the salon, washing, conditioning drying and braiding, as in braiding his hair should be feared, e get why. Even women don’t enjoy the experience, we only enjoy it for the beauty of the outcome.”

Jimmy, a Nollywood actor and musician who featured prominently Netflix’s ‘Woman King’ movie as Oba Ade was announced to the church on Sunday as his father’s successor.

According to a member of the BoT, Pastor Rotimi Okpaise, the late Taiwo Odukoya confided in the board of trustees (BoT) members about the succession plan before his demise.

Late Pastor Odukoya

Okpaise said the BoT unanimously elected Jimmy as the senior pastor and chairperson of the board..

Jimmy will be formally installed on Saturday, September 30, 2023.

The former Senior pastor and founder died on August 7, Odukoya, in the United States of America aged 67.

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AFCON’23: Full List of Qualified Countries

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South Africa, Nigeria, Ghana face the big boys



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24 countries have qualified for prestigious continental Africa Cup of Nations holding in Cote D’Ivoire next year. All 24 countries will justle for the golden cup.

The tournament will feature 12 former AFCON champions with Nigeria, a three-time champion not left out.

From the West coast of the continent, we have the hosts, Cote d’Ivoire, current champion Senegal, Nigeria, Burkina Faso, Ghana, Guinea and others.

East Africa has Tanzania returning for a second finals after a brave showing in the qualifiers.

From the Northern coast of African, we have seven-time champions Egypt, World Cup semi-finalists Morocco, Tunisia and Algeria.

The tournament will take place from January 13 to February 11, 2024, after it was postponed from it’s original June, 2023 date.

The full list of 24 qualified countries include:

  1. Algeria
  2. Angola
  3. Burkina Faso,
  4. Cameroon
  5. Cape Verde
  6. Cote d’Ivoire (Hosts)
  7. DR Congo.
  8. Egypt
  9. Equatorial Guinea
  10. The Gambia
  11. Ghana
  12. Guinea
  13. Guinea-Bissau
  14. Mali
  15. Mauritania
  16. Morocco
  17. Mozambique
  18. Namibia
  19. Nigeria
  20. Senegal (Title Holders)
  21. South Africa,
  22. Tanzania
  23. Tunisia and
  24. Zambia.

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