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Power tariffs reversal push by Labour hits brickwall
- Panel members disagree on gas subsidy for GenCos
- Keyamo: we are making progress
Labour’s push for the reversal of hike in electricity tariffs may have hit the brickwall.
This is because of the high cost of gas – the critical component used by the Generating Companies (GenCos) to power their plants.
The GenCos sell power to the Distribution Companies (DisCos) which take it to the end-users.
Highly-placed sources close to the committee set up by the Federal Government to look into the pricing of electricity said there has been no agreement among committee members as to whether gas is subsidised or not.
Labour threatens to call workers out on strike to protest last month electricity tariffs.
The setting up of a seven-man committee to review the electricity tariffs is the product of negotiation to starve off the industrial action.
The government also compelled the DisCos to put on hold for two weeks, the new tariffs to enable the committee to meet and submit a report.
The deadline for the committee expires this weekend.
The Technical Committee is made up of Minister of State for Labour and Employment Festus Keyamo, (Chairman); Minister of State Power, Godwin Jedy-Agba – member; Chairman, National Electricity Regulatory Commission, Prof. James Momoh – member and the Special Assistant to President Muhammadu Buhari on Infrastructure, Ahmad Rufai Zakari as Secretary.
Others are: Dr. Onoho’Omhen Ebhohimhen – member (NLC); Deputy President of the NLC and Secretary-General, Nigeria Union of Electricity Employees (NUEE), Comrade Joe Ajaero – member; Comrade Chris Okonkwo – member (TUC) and a representative of Power Distribution Companies (DisCos) – member.
It was gathered that one of the recommendations on the table is a further halt in the implementation of the new tariffs beyond the two weeks.
The source said: “We have not really concluded. We will conclude this week, but the conclusion of the work of the committee this weekend cannot give us what Nigerians are looking for. It is not a factor that you just wake up and say it is this amount and it is not this amount. There are some other determinants.
“Let me give you this without making reference to the work of the committee. The greater chunk of the money is spent on gas. Gas is their main source of generation. They had to now dollarise gas before they now price it at the GenCos.
“If GenCos now allegedly buy gas in dollar, then they now pass the dollar price to consumers.
“If we are able to address this matter by looking at policy directives especially on gas pricing, if we go through that process, then definitely we are going to puncture the issue of tariff no matter what they are going to pay.
“These are still not things you can do within two weeks. So, the work of the committee may take more time to look at it critically. We are trying to see if there is anything we can do in order to submit our report within two weeks deadline.
“But the job that will lead to a reversal is not a job of two weeks. Some of them require policy direction.
“We will revert to the house at the end of the two weeks to submit our report. If they succeed on sitting in this freeze (suspend the implementation of the tariff) until the final report is done, fine.
“If we are able to get this minor relief until the final report is done, fine. That is what we are working on for now. We are still working but we have not fully agreed on anything to push out to the people now.”
The source said the two weeks given to the committee to work on the issue was not enough.
“We are working tomorrow through the weekend. We have done a lot of reading and consultations with stakeholders. We need to tidy up our report and submit and take another directive.
“You can’t do within two weeks and say reverse. If you know how these people are buying gas, the question will be — should they buy it at this rate? We will find out. We also need to look at the policy in the oil and gas sector in terms of dollarising gas before.
On the need to further suspend the implementation of the new tariff, another source said: “Those are things we have not agreed upon. These things are on the table, options are on the table. Before the weekend we will concretise those options.
“Even those things you are saying now we have not agreed on them until they are ratified by our bosses. But options are on the table.”
Keyamo declined to comment on the work of the committee when contacted last night.
He said: “We are making progress. When the larger house meets, most likely this weekend, the details of the communique may be made known but like I said we are making progress, the details I cannot reveal now but we are making progress.”
The Seven-man Technical Sub-committee to review the increase in electricity tariff by the Federal Government was inaugurated on September 28.
The committee had its first sitting at the minister’s conference room last month.
The committee was set up at the end of a marathon meeting between the Federal Government and organised labour to avert last month’s planned strike.
The committee is expected to examine the justifications for the new policy in view of the need for the validation of the basis for the new cost reflective tariff as a result of the conflicting information from the field which appeared different from the data presented to justify the new policy by NERC and metering deployment challenges.
The other mandates of the committee are as follows:
- To look at the different Electricity Distribution Company (DISCOs) and their different electricity tariff vis-à-vis NERC order and mandate.
- Examine and advise government on the issues that have hindered the deployment of the six million meters.
- To look into the NERC Act under review with a view to expanding its representation to include organised labour.
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Just IN : Relief in Kaduna as Soldiers Rescue 31 Kidnapped Easter Worshippers
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Troops of the Nigerian Army have rescued 31 civilians abducted during an Easter church service in Ariko Village, Kachia Local Government Area of Kaduna State.
The rescue followed a distress call reporting that terrorists had invaded an ECWA Church in the community and abducted worshippers during the service.
In a statement posted on its X handle on Sunday, the Army said that upon receiving the information, troops swiftly mobilised to the scene and, with the support and guidance of members of the Ariko community, advanced in pursuit of the fleeing attackers.
The Army said the troops engaged the terrorists in a fierce firefight, overpowering them with superior firepower.
“Troops of the Nigerian Army, through a swift response, successfully foiled a terrorist attack, leading to the rescue of 31 civilians abducted during an Easter church service in Ariko Village, Kachia Local Government Area of Kaduna State.
“The swift response followed a distress call reporting the abduction of worshippers during an Easter service at an ECWA Church in Ariko Village. The troops, on receipt of the information, promptly mobilised to the scene. With the support and guidance of members of the Ariko community, they advanced in pursuit of the fleeing terrorists and engaged the criminals in a fierce firefight, overwhelming them with superior firepower.
“The pressure mounted by the advancing troops forced the terrorists to abandon 31 hostages, including one injured victim who is currently receiving medical attention,” the statement partly read.
However, the army disclosed that troops also recovered the remains of five victims already killed by the terrorists at the scene.
“Regrettably, the remains of five victims already killed by the terrorists were also recovered at the scene. The fleeing terrorists are believed to have sustained significant casualties, as evidenced by blood trails along their escape routes.
“Troops have since intensified pursuit operations to track the fleeing elements to their enclaves, with ongoing efforts aimed at rescuing any remaining captives and ensuring the perpetrators are brought to justice,” the statement added.
The army said additional troops had been deployed to the area to reinforce ongoing operations, enhance security presence, and prevent further threats to lives and property.
“To consolidate the gains recorded, additional troops have been deployed to the area to reinforce ongoing operations, enhance security presence, and prevent further threats to lives and property.
“The Nigerian Army reaffirms its unwavering commitment to the protection of citizens and the defence of Nigeria’s territorial integrity, in collaboration with other security agencies and local stakeholders. Troops remain resolute in sustaining offensive operations against all threats to national security.
“Members of the public are encouraged to continue supporting the Nigerian Army and other security agencies by providing timely and credible information, as collective vigilance remains vital to achieving enduring peace and stability,” the statement concluded.
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Breaking : Tinubu Moves to Fix Power Crisis with N3.3tn Debt Clearance
President Bola Tinubu has approved a ₦3.3 trillion payment plan aimed at resolving long-standing debts in Nigeria’s power sector and boosting the reliability of electricity supply.
The plan addresses legacy debts accumulated between February 2015 and March 2025 under the Presidential Power Sector Financial Reforms Programme.
Following a comprehensive review, the government agreed on ₦3.3 trillion as a full and final settlement, ensuring transparency and fairness.
A statement issued on Sunday by the special adviser to the president on information and strategy, Bayo Onanuga, stated that implementation of the repayment plan has already begun, with fifteen power plants already signed settlement agreements totalling ₦2.3 trillion.
The statement read, “President Bola Tinubu has approved the payment plan to finally settle the outstanding debts under the Presidential Power Sector Financial Reforms Programme.
“The debt repayment plan followed the final review of the legacy debts that have beset the power sector for more than a decade.
“The long-standing debts accumulated between February 2015 and March 2025. Following verification, ₦3.3 trillion has been agreed as a full and final settlement, ensuring a fair and transparent resolution.
“Implementation has begun, with 15 power plants signing settlement agreements totalling ₦2.3 trillion. The Federal Government has already raised ₦501 billion to fund these payments. Out of the amount, N223 billion has been disbursed, with further payments underway.
“What this means for Nigerians: With payments reaching the power value chain, generation will be more stable. With power plants supported, electricity reliability will improve.”
Commenting on the development, the Special Adviser on Energy to the President, Olu Arowolo-Verheijen, explained that the settlement would improve electricity reliability by stabilising the power value chain.
“This programme is not just about settling legacy debts. It is about restoring confidence across the power sector — ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably,” she said.
The adviser added that the reforms are part of broader initiatives, including better metering and service-based tariffs that link consumer payments to the quality of electricity received.
Priority will also be given to supplying electricity to businesses, industries, and small enterprises to support job creation and economic growth.
“The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians,” Arowolo-Verheijen said.
President Tinubu commended all stakeholders involved in resolving the legacy issues and confirmed that the next phase of the reforms, Series II, will commence this quarter.
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Easter : Senator Araraume urges Nigerians to embrace sacrifice, renewed hope, prays for Tinubu’s leadership
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..…Says Christ’s resurrection symbolises Nigeria’s rising from challenges to glory
,,,,Commends President Tinubu’s bold reforms, calls for continued prayers
As Christians across Nigeria and the world celebrate Easter, a chieftain of the All Progressives Congress (APC), Senator Ifeanyi Godwin Araraume, has called on Nigerians to embrace the virtues of sacrifice, forgiveness, and renewed hope which the resurrection of Jesus Christ symbolises.
In his Easter message, which he personally signed, the former governorship candidate of Imo State reflected on the profound significance of the season, describing Easter as a divine testament that no night lasts forever, and that after every crucifixion comes a glorious resurrection.
“Easter is not merely a festival; it is a spiritual declaration that darkness does not have the final word. As Christ rose triumphantly on the third day, I believe Nigeria, too, is rising from every challenge to meet her God-ordained destiny,” Araraume stated.
The APC chieftain used the occasion to offer fervent prayers for President Bola Ahmed Tinubu, whom he described as a courageous leader steering the ship of state through turbulent but necessary waters.
“I pray that the God who raised Christ from the dead will raise every help that President Tinubu needs to succeed. I pray for divine wisdom, physical strength, and uncommon protection over his life. Let no arrow of the wicked find its mark in his camp. May his labours for our nation yield fruits that generations yet unborn will celebrate,” Araraume prayed.
He further commended President Tinubu for his bold and far-reaching reforms, acknowledging that while the policies may demand present sacrifice from citizens, the long-term dividends will be peace, stability, and shared prosperity.
“Mr. President has shown that he has the heart of a reformer and the backbone of a statesman. These are not easy times, but great nations are forged in the furnace of difficult decisions. I call on all Nigerians, regardless of party or creed, to support this administration with patience and prayer,” the Senator added.
Senator Araraume also urged Nigerians to show love to one another, especially to the less privileged, the grieving, and the displaced, noting that the true essence of Easter is found in selfless giving and communal solidarity.
“Let us visit the orphanage, feed the hungry, and extend a hand to our neighbour in distress. That is the gospel in action. That is the Nigeria we must build together,” he said.
He wished all Christians a peaceful, joyous, and spiritually fulfilling Easter celebration.
Signed:
Senator Ifeanyi Godwin Araraume
Chieftain, All Progressives Congress (APC)
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