The Director-General of Voice of Nigeria, Mr. Osita Okechukwu has blamed the current security challenges facing Nigeria on the Structural Adjustment Programme (SAP), an IMF policy under the military leadership of then Head of State, Ibrahim Babandiga
DAILY POST reports that Nigeria has lately been hit with insecurity of a high magnitude, a situation that has now worsened with the endless abduction of school children in the Northern part of the country.
He also did not spare power distribution companies, lamenting that rather than improve on electricity, they were busy siphoning billions of funds.
While absolving his party, the All Progressives Congress (APC), of blames, Okechukwu cautioned that “instead of the blame game, we should come to the reality that the insecurity challenge we face today is the outcome of Extreme-Poverty planted in 1986 by the IMF Structural Adjustment Programme (SAP). He said that SAP sowed the inhuman seed which gave birth to insecurity and calls for in
Total dues owed by electricity distribution companies to power producers rose nearly 24% to ₹1,36,966 crore in December 2020 compared to the same month a year ago, reflecting stress in the sector.
The distribution companies (discoms) owed a total of ₹1,10,660 crore to power generation firms in December 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).
The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms.
In December 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at ₹1,27,498 crore as against ₹97,835 crore in the year-ago period.
The Nigerian Electricity Regulatory Commission (NERC) says 4,234,759 electricity consumers were metered as of June 2020, out of the 10,516,090 that registered for meters.
FG, labour adopt report of technical committee on electricity tariff for implementation FG, labour adopt report of technical committee on electricity tariff for implementation
• It ll lead to reduction of tariff ― Ngige
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The Federal Government and Organised Labour have adopted for implementation, the report of the Technical Committee on Electricity Tariff.
Minister for Labour and Employment, Dr Chris Ngige, disclosed this at the end of a bipartite meeting between the Federal Government and Organised Labour, convened to review the reports of the Technical Committees on Electricity Tariff and Premium Motor Spirit (PMS).
Ngige said the Technical Committee on Electricity Tariff would be transmuted into a standing committee for the purpose of implementing the recommendations of the report.