President Muhammadu Buhari says the decision to adjust the electricity tariff is one that is regretted by the Federal Government.
He is, however, relieved that the tariff review is not about the increase – which will only affect the top electricity consumers – but establishing a system that will definitely lead to improved service for all at a fair and reasonable price.
The President made the remarks on Monday in Abuja at the first-year Ministerial Performance Review Retreat where he was represented by the Vice President, Professor Yemi Osinbajo.
Earlier, he reacted to the increase in the price of Premium Motor Spirit (PMS), also known as petrol, which most marketers sell at a minimum of N160 per litre.
“The other painful adjustment that we have had to make in recent days is a review of the electricity tariff regime.
“If there is one thing that we have heard over and over again, it is that Nigerians want consistent and reliable power supply. So, the power sector remains a critical priority for the administration,” President Buhari said.
He stressed that the protection of the poor and vulnerable while ensuring improved service in the power sector, was also a major priority for the government.
Timing Of Petrol, Electricity Tariff Increase
President Buhari added that the policies of his administration such as the Social Investment Programmes (SIPs) and other socio-economic schemes have shown that they remained focused on improving the welfare of the common man.
“There have been some concerns expressed about the timing of these two necessary adjustments.
“It is important to stress that it is a mere coincidence in the sense that the deregulation of PMS prices happened quite some time ago, it was announced on 18 March 2020 and the price moderation that took place at the beginning of this month was just part of the on-going monthly adjustments to global crude oil prices.
“Similarly, the review of service-based electricity tariffs was scheduled to start at the beginning of July but was put on hold to enable further studies and proper arrangements to be made,” he explained.
According to the President, the implementation of a ‘Willing Buyer, Willing Seller Policy’ for the power sector has opened up opportunities for increased delivery of electricity to homes and industries.
He revealed that the government was also executing some critical projects through the Transmission Rehabilitation and Expansion Programme, which would result in the transmission and distribution of a total of 11,000 Megawatts by 2023.
BREAKING: IGP Recommends Suspension of DCP Abba Kyari Over FBI Indictment
The Inspector-General of Police, IGP Usman Alkali Baba, has recommended the immediate suspension of DCP Abba Kyari, the Head of the Police Intelligence Response Team (IRT), from the Service of the Nigeria Police Force, pending the outcome of an ongoing internal investigations touching on him.
This was disclosed in a statement signed by CP Frank Mba, Force Public Relations Officer on Saturday.
According to Mba, the IGP, in his letter to the Police Service Commission, dated 31st July, 2021, noted that the recommendation for the suspension of the officer, is in line with the internal disciplinary processes of the Force.
The IGP further noted that the suspension is also expected to create an enabling environment for the NPF Special Investigation Panel to carry out its investigations into the weighty allegations against DCP Abba Kyari without interference. The suspension is without prejudice to the constitutional presumption of innocence in favour of the officer, the statement said.
The Special Investigation Panel (SIP), comprising four (4) Senior Police Officers, is headed by DIG Joseph Egbunike, the Deputy Inspector General of Police in-charge of the Force Criminal Investigations Department (FCID).
The SIP, inter alia, is to undertake a detailed review of all the allegations against DCP Abba Kyari by the US Government as contained in relevant documents that have been availed the NPF by the Federal Bureau of Investigation (FBI).
The SIP is also to obtain detailed representation of DCP Abba Kyari to all the allegations levelled against him, conduct further investigations as it deems fit, and submit recommendations to guide further actions by the Force Leadership on the matter.
Meanwhile, the IGP has reaffirmed the commitment of the Force to the rule of law and assured the public of the sanctity of the probe as well as the absolute respect for the rights and privileges of the officer throughout the period of the investigations.
Rice : WACOT Announces Major Investment in Kebbi State
The West African Cotton Company (WACOT), on Friday unfolded new investments in Kebbi State, just as the firm has been given a pat on the back for being part of the socio – economic development drive of the state and Nigeria in general .
This is according to a press statement signed by Sarki Yahaya, Special Adviser (SA) Media to Kebbi State Governor
The new investments include the second phase of the mega rice mill at Argungu, where the first phase of the large scale rice mill was established five years ago .
The second phase of the rice mill, is a multi million dollars new investment by WACOT in Kebbi State, which according to the Chairman, the current installed capacity is 120,000 metric tonnes and they are operating at 95 percent of capacity. The new investment shall double the capacity to 240,000 metric tonnes making it about the largest in Africa.
The Chairman of the firm, Alhaji Farouk Gumel disclosed this in Argungu , when the Kebbi State Governor, Senator Abubakar Atiku Bagudu and the Managing Director of First Bank Nig Plc, Dr. Adeshola Adedotun visited the company .
According to the Chairman, the firm will continue to invest and expand as they strongly believe in the robust economic policies of the state and federal governments.
He said that , the funding for the second phase of the rice mill has been secured from First Bank.
The WACOT Boss described the bank as an active partner of the company , saying ,” this is beneficial to us , Kebbi and Nigeria .”
He said that the delegation of the bank was visiting to see for themselves the dividends of hard work performed by the company.
” They are also here to appreciate the strategic importance they have given to agriculture, ” he explained .
The Chairman further acknowledged the tremendous support the firm was getting from the administration of Governor Abubakar Atiku Bagudu since its inception.
Also while answering Reporters’ questions, Bagudu expressed delight that Nigeria was now an investments hub and investments destination of choice globally.
According to the Kebbi State Governor, the plausible and beautiful policies of the Federal Government led by President Muhammadu Buhari were handsomely yielding fruits .
Bagudu added that , sequel to this happy development, no fewer than fourty seven new large scale rice mills had sprang up across Nigeria .
The Chairman of the APC Governors’ Forum further noted that , the good omen had positively impacted the state .
According to him, rice yields in the State and the nation had been bolstered , while rice production also shored up.
Bagudu expressed happiness that , more Nigerians were believing in Buhari by engaging in agriculture, especially rice production and eating what they produced.
‘ The mantra of President Muhammad Buhari, let us grow what we eat is working’, he averred.
Similarly, Bagudu stated that , other neighbouring African countries like Benin and Niger republics were now keying into Nigeria’s rice revolution .
Bagudu averred that, history will not forget the enormous contributions of the WACOT Rice Mill to Kebbi and NIgeria,especially the execution of Corporate Social Responsibility projects .
He said ,” the key to national emancipation is in more production and this is part of the laudable federal government policies aim to achieve .”
He also commended the CBN for its financial response to the Agriculture sector as well as the First Bank for supporting WACOT to expand its capacity.
The Managing Director of First Bank, Dr. Adeshola Adedotun expressed delight that , their partnership with WACOT was paying off as the firm has progressed steadily.
He noted that Nigeria was now happily a major rice producer as against her previous position of being a major rice importer .
According to him, Nigerians should give themselves enough credit as a country , noting that , great strides had been achieved in spite of the initial pessimism.
He assured that , first bank will remain very close to the company and Kebbi State.
Governor Abubakar Atiku Bagudu who is also the Chairman Presidential Task Force on Rice and Wheat Production in Nigeria is the Vice Chairman, National Food Security Council has earlier held a meeting with officials of WACOT Rice led by the Chairman of the company, Alhaji Farouk Gumel and the officials of First Bank,led by the Managing Director of the Bank, Dr. Adeshola Adedotun.
The governor accompanied by the officials of WACOT and First Bank Nigeria Limited went round to inspect the edifice.
Tension as Benin Republic Plots Igboho’s Deportation to Nigeria
There are strong indications that Yoruba Nation agitator, Sunday Adeyemo, popularly known as Sunday Igboho, may be deported to Nigeria.
Upon his deportation, operatives of the Nigeria Police Force would arrest him, a security source disclosed.
However, the activist’s lawyers have kicked against the move, saying that it was against international law.
Sources in Benin Republic disclosed on Thursday that Benin Republic was not ready to engage in a diplomatic crisis with Nigeria.
One of the sources, who works with Benin’s INTERPOL National Central Bureau, confirmed that charges against Igboho were punishable by deportation, fines, or imprisonment.
The security official revealed that “Our intelligence gathering showed that it is unhealthy to jail Igboho here (Benin Republic).”
The senior NCB officer added, “Yes, he was detained for fresh charges. While he was initially in the Brigade Criminelle facility, he made useful confessions. His lawyers also know that he is guilty of irregular migration.”
Another official said, “The least punishment Igboho can be given is to be deported to the country he came from (Nigeria) if found guilty. The Nigerian authorities can take over from there if they wish.”
An official of the Department of State Services confirmed to our correspondent that “Yes, he is wanted. We have the mandate to arrest him if he steps into Nigeria. That is not hidden.”
When contacted, counsels for Igboho warned Benin Republic against deporting the activist, stating that was dangerous and against international law.
One of the activist’s lawyers said he was aware that the FG is putting pressure on Benin Republic “through the backdoor to deport Igboho at a time that will only be known between the security operatives of the two countries.”
However, Pelumi Olajengbesi, a Nigerian-based counsel for Igboho, said the plan would fail.
He said, “I am aware that the Federal Government through the former Chief of Army Staff Tukur Buratai is making effort to get him deported. We can say that clearly.
“So far, the facts available before the court have nothing to do with the Nigerian government.
“We have nothing to worry about because the Benin Republic government has shown that it will operate within the precinct of the law. For us, we believe that Igboho is a criminal of conscience who has taken an effort to liberate his people.”
Also, Olasupo Ojo, the Coordinating counsel for Igboho, warned that deporting Igboho for Nigeria to arrest him was against international law.
“It is illegal under international law to send back somebody who escaped to save his life. You cannot send him to a country where there is ample evidence that his life is at stake, endangered. It will bounce back heavily on Benin Republic if they do that,” he said.
Politics12 months ago
Party Crisis: Progressives Governors’ Forum DG Calls For Constitutional Review
Politics1 year ago
PGF Boss, Lukman Denies Media Report of Division Among APC Governors
Investigation1 year ago
NDDC Spent 1.3trn Between 2015 And 2019 – Senate Report
Politics2 years ago
Ignore Tinubu’s Comment, He Cannot Speak for South-West – Activist
News3 years ago
Armed Forces Need N9bn Annually For Shoes, Boots, Says DG Defence Research
News2 years ago
Amaechi Endorses AAC Guber Candidate in Rivers
News3 years ago
ASUU Strike: Ngige Begs Varsity Teacher to Have Mercy on Students
Politics2 years ago
Emir Sanusi Plots Cancellation of Kano Rerun Election