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JUST IN: Ikeja DisCo Reduces Tariffs For Band A Customers

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In a significant development, the Ikeja Electricity Distribution Company (IKEDC) has announced a tariff reduction for its Band A customers.

Effective immediately from Monday, May 6, 2024, customers in Band A will see their tariff lowered to N206.80 per kilowatt-hour, down from the previously approved rate of N225/kWh by the Nigerian Electricity Regulatory Commission.

This decision, disclosed by IKEDC spokesperson Olufadeke Omo-Omorodion on Monday, marks a proactive measure by the company to provide relief to its Band A customers.

Notably, while this adjustment ensures a minimum of 20-hour daily power supply for those on Band A feeders, tariffs for customers on other bands remain unchanged.

IKEDC said “Dear Esteemed Customers, please be informed of the downward tariff review of our Band A feeders from N225/kWh to N206.80/kWh effective 6th May 2024 with guaranteed availability of 20-24hrs supply daily. The tariff for Bands B, C, D, and E remains unchanged.”

Recalls that on April 3, the Nigerian Electricity Regulatory Commission (NERC) revised the electricity tariff for Band A customers dramatically, soaring from N68 per kilowatt-hour to N255/KWh. It’s worth noting that this tariff hike did not affect other customer categories.

Since the release of the supplementary Multi-Year Tariff Order, consumers categorized as Band A have been expressing discontent, citing the significant impact of the tariff increase on their finances.

They have been calling on the Federal Government to reconsider this policy.

However, during an investigative hearing before the Senate Committee on Power last Monday, the Minister of Power, Adebayo Adelabu, issued a stark warning.

He emphasized that if the electricity tariff hike was not implemented, the nation could face a total blackout within the next three months.

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Simon Ekpa’s Arrest Will Restore Peace In South East, Says Enugu Gov’t

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The Enugu State Government has commended the Republic of Finland for the arrest of Simon Ekpa, a Finland-based leader of the proscribed separatist group, Autopilots.

Ekpa has been accused of orchestrating violence and chaos in Nigeria’s South East region.

In a statement issued on Friday by the Secretary to the State Government, Prof. Chidiebere Onyia, the government described Ekpa as a “common criminal, con man, and terrorist” who has exploited the Igbo people while claiming to represent their interests.

RELATED NEWS: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

“The Enugu State Government welcomes the arrest of the Finland-based terrorist, Simon Ekpa,” the statement read.

“His arrest and trial will no doubt go a long way in strengthening peace, security, and stability in all parts of the South East.”

The state government accused Ekpa of sponsoring violent activities that have resulted in the loss of lives, destruction of property, and disruption of the region’s economic activities.

It stated that Ekpa’s actions were driven by personal greed and not genuine concern for the Igbo people.

Onyia said, “Ekpa is a murderer and fraudster who delights in killing his people and living large off their misery.

“He thrives on manipulating, exploiting, and extorting the people on the pretext of fighting for their interest and for the restoration of Biafra.”

The government emphasized its readiness to provide evidence of Ekpa’s alleged crimes to support his prosecution, whether in Finland or Nigeria.

“This arrest is in line with the demand of the Governor Peter Mbah Administration, which has repeatedly made it known that Ekpa is a megalomaniac, common criminal, murderer, and fraudster who takes joy in feeding fat on the manipulated emotions of Ndigbo and inflicting misery on the South East region,” the statement added.

The government further criticized Ekpa for fostering a climate of fear and insecurity that has harmed the entrepreneurial spirit and economic growth of the Igbo people.

“Ekpa has for long, and unfortunately from Finland, made a living by creating a siege climate and mentality in the South East, destroying lives, property, and the Igbo trademark of entrepreneurship and hard work,” Onyia said.

The Enugu State Government expressed optimism that Ekpa’s arrest would mark a turning point in the quest for peace and stability in the South East, urging residents to remain vigilant and supportive of ongoing efforts to restore normalcy in the region.

 

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JUST IN: COP29 Proposes $250bn Annual Climate Finance Target For Developing Nations

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The COP29 presidency has unveiled an ambitious climate finance plan, calling on developed nations to provide $250 billion annually to developing countries by 2035.

The proposal, part of a broader initiative to mobilize $1.3 trillion from public and private sources each year, seeks to address the mounting challenges posed by climate change.

The five-page draft text, released on Friday, emphasizes the need for developed nations to lead the charge in financing climate action.

RELATED NEWS: COP29: Climate Summit Faces Deadlock Over Vague Funding Proposals For Vulnerable Nations

According to the document, this financial commitment is seen as a critical step toward combating the climate crisis and fostering sustainable development globally.

“In this context, it is decided to set a goal in extension of the goal referred to in paragraph 53 of decision 1/CP.21, with developed country Parties taking the lead, to USD 250 billion per year by 2035 for developing country Parties for climate action,” the draft states.

The announcement follows the release of an earlier 10-page draft on Thursday, which drew significant criticism from Global South delegations.

Many expressed frustration that the document lacked clear financial commitments from wealthier nations, falling short of expectations to support adaptation and mitigation efforts.

“There is a clear need to address the principle of common but differentiated responsibilities, especially given the diverse circumstances shaping national priorities,” a negotiator from a developing country delegation remarked.

The updated proposal aims to address some of these concerns by outlining more specific targets. However, skepticism remains among some negotiators, who feel the revisions still fail to adequately address their demands.

Meanwhile, developed countries have raised their own reservations about the proposed plan.

A European negotiator, speaking to Reuters, described the $250 billion annual target as unrealistic and criticized the lack of measures to expand the pool of contributing countries.

“No one is comfortable with the number because it’s high, and there’s almost nothing on broadening the contributor base,” the negotiator said.

The mixed reactions underscore the persistent divide between developed and developing nations in climate negotiations.

While the draft text aims to reconcile these differences, the gap between expectations and commitments remains a significant hurdle.

 

 

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Moghalu Prescribes Good Governance As Panacea To Ethnic Agitation

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The President of the African School of Governance, Kingsley Chiedu Moghalu has admonished state actors against resorting to brutal force in the bid to muscle out separatist agitators.

In the aftermath of Mazi Simon Ekpa, the Finland based Biafran nationalist agitator being caught in legal web and the Nigerian government moving swiftly to seek his repatriation, the former deputy governor of the Central Bank of Nigeria (CBN) has cautioned that ‘We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.’

ALSO READ: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

The political economist, while expressing his hope in Nigeria, made it clear that “hope is not a strategy”.

He bared his mind in a series of posts on his verified handle on micro-blogging site, X on Friday.

Moghalu wrote, “Despite sustained contemporary difficulties, I am hopeful about Nigeria. But hope is not a strategy. We need to improve state capacity for effective governance.

“We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.

“We must learn to be honest with ourselves and address the root causes of our problems. Why ignore them, when the problem is actually quite solvable? The problem with continuing with this approach is that when the danger crystallizes, those who thought they were benefiting from

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