NEWS
Nigeria’s Electricity Subsidy Falls by 40% in Q2 2024 Amid Tariff Review
The Nigerian Electricity Regulatory Commission (NERC) has reported a significant reduction in the federal government’s electricity subsidy obligation, which amounted to ₦380 billion in the second quarter (Q2) of 2024.
This marks a 40 percent decline, or ₦253.24 billion, compared to the ₦633.3 billion subsidy recorded in the first quarter (Q1).
In its quarterly report released on Friday, NERC attributed the reduction to an upward adjustment of the electricity tariff for Band A customers, implemented in April.
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The commission explained that the electricity subsidy obligation had dropped from 90.57 percent of the total GenCo invoice in Q1 to 52.51 percent in Q2.
This translated to an average monthly subsidy of ₦126.69 billion for the second quarter.
“It is important to note that due to the absence of cost-reflective tariffs across all DisCos, the government incurred a subsidy obligation of ₦380.06 billion (52.51% of total NBET invoice) in 2024/Q2,” NERC said in its report.
The report highlighted that the federal government has been covering the gap between the cost-reflective and approved tariffs, providing subsidies as a result.
The subsidies are applied specifically to the generation cost payable by electricity distribution companies (DisCos) to the Nigerian Bulk Electricity Trading Plc (NBET) through a DisCo’s Remittance Obligation (DRO).
In an effort to reduce the fiscal burden, NERC approved a tariff increase on April 3 for Band A customers, who receive 20 hours of daily power supply.
The new tariff rate of ₦225 per kilowatt (kW), up from ₦66, is expected to significantly cut electricity subsidies by about ₦1.14 trillion for the 2024 fiscal year.
While the tariff increase for Band A customers has been implemented, the rates for customers in Bands B to E have remained unchanged since December 2022, as part of the government’s subsidy policy.
The reduction in the subsidy obligation represents a major shift towards more cost-reflective tariffs in Nigeria’s power sector, though significant subsidies still remain due to the tariff structure.
NEWS
Tinubu Hails EFCC as FBI Commends Nigeria Over International Child Sextortion Crackdown
President Bola Ahmed Tinubu has commended the Economic and Financial Crimes Commission (EFCC) following recognition by the United States Federal Bureau of Investigation (FBI) of Nigeria’s role in an international operation targeting sextortion networks exploiting minors.
The commendation followed a letter from FBI Director Kash Patel to EFCC Chairman Ola Olukoyede, acknowledging the Commission’s contribution to Operation Artemis, a joint investigation targeting criminal networks involved in the sexual exploitation and extortion of children.
Bayo Onanuga, Special Adviser to the President on Information and Strategy, disclosed this in a statement released on Saturday.
ALSO READ: ADC Accuses Tinubu of Using N50,000 Cash Relief to Woo Voters Ahead of 2027
The operation resulted in the arrest and extradition of two Nigerian suspects, Adebola Festus Adekunle and Mudasiru Afeez Olawale, in August 2026. Both suspects are facing federal charges in the United States.
In his letter, Patel credited the EFCC’s cooperation for the successful outcome of the investigation.
“The successful outcome of these cases would not have been possible without your assistance and dedication to international law enforcement collaboration,” the FBI Director wrote.
Reacting to the recognition, President Tinubu described the commendation as evidence of Nigeria’s progress in tackling financial crimes and strengthening international law enforcement cooperation.
The President praised the EFCC Chairman and his team for their professionalism and commitment, stressing that Nigeria must not become a safe haven for individuals involved in criminal activities.
“This is the kind of institutional performance we are determined to build across our country. I commend the EFCC Chairman and his team for their professionalism and dedication,” Tinubu said.
He added: “Nigeria must never become a haven for criminals who exploit innocent people, whether at home or abroad. Our law enforcement and anti-corruption institutions have my full support to pursue offenders and bring them to justice in accordance with the law.”
The President’s commendation comes amid growing international recognition of Nigeria’s efforts to strengthen its financial crime prevention framework.
Nigeria was removed from the Financial Action Task Force (FATF) grey list in October 2025 and the European Union’s list of high-risk financial jurisdictions in January 2026.
Tinubu said the developments demonstrate his administration’s commitment to improving financial integrity, restoring international confidence and creating a secure environment for legitimate businesses and investments.
“Our fight against corruption is not measured by publicity but by results. Stronger institutions, effective law enforcement and international cooperation are essential to building a Nigeria where honest enterprise can thrive, and criminals are held accountable,” the President stated.
He also urged the EFCC and other law enforcement agencies to sustain their efforts, assuring them of his administration’s continued support in protecting Nigerians, combating financial crimes and strengthening the country’s relationship with international partners.
NEWS
FRSC Begins Five-Day Nationwide Crackdown on Fake, Obsolete Number Plates
The Federal Road Safety Corps (FRSC) is set to begin a five-day nationwide enforcement operation targeting motorists using fake, covered, defaced and obsolete vehicle number plates.
The operation, code-named Operation Guduma Phase Two, will run from Monday, November 2, to Friday, November 6, 2026, as part of efforts to strengthen road safety enforcement and address security concerns linked to fraudulent vehicle registration plates.
The announcement was contained in a statement issued on October 31, 2026, by the Corps Public Education Officer, Osondu Ohaeri, at the FRSC National Headquarters in Abuja.
SEE ALSO: FRSC Warns Drivers After Brake Failure Kills Two in Kano Crash
The exercise, approved by the Corps Marshal, Shehu Mohammed, will be conducted across selected states, with designated senior officers assigned to coordinate and supervise the operation.
The renewed crackdown follows the first phase of Operation Guduma conducted in May 2026, during which the FRSC recorded 1,691 arrests across 11 states.
According to the Corps, 1,003 motorists were arrested for various number plate-related offences, while 683 were apprehended for overloading and mixed-loading. Five others were arrested for using fake diplomatic number plates.
The FRSC said the second phase was prompted by growing concerns raised by the Office of the National Security Adviser (ONSA) over the increasing use of fake, covered, defaced, obsolete and counterfeit diplomatic number plates.
It warned that vehicles operating with fraudulent or unidentifiable registration plates could allow criminal elements to evade identification, undermine security surveillance and frustrate investigations.
Beyond the enforcement of vehicle registration regulations, the operation will also focus on maintaining free-flowing traffic along designated corridors, emergency rescue interventions and the prompt clearance of road obstructions.
Speaking ahead of the exercise, Corps Marshal Shehu Mohammed warned that the use of fake, concealed, defaced or obsolete number plates would no longer be treated as a minor traffic offence because of its implications for public safety and national security.
He urged motorists to ensure their vehicle registration plates are genuine, valid, clearly visible and properly displayed, while calling on members of the public to cooperate with FRSC personnel during the operation.
Mohammed also directed officers participating in the exercise to discharge their duties professionally, maintain discipline and respect the rights of citizens.
He particularly emphasised that engagements involving diplomatic number plates must be handled with appropriate courtesy and in accordance with applicable diplomatic protocols.
NEWS
Keyamo Rolls Out Tinubu Aviation Revolution Series Ahead Of 2027 Re-election Campaign
The Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, has rolled out a short television campaign series titled Tinubu Aviation Revolution Series to showcase the achievements of President Bola Ahmed Tinubu’s administration in the aviation sector ahead of the 2027 presidential election.
The initiative marks one of the first campaign communication interventions by Keyamo following his appointment as Director of the Directorate of Air Transport Mobilisation under the All Progressives Congress Presidential Campaign Council (APC PCC).
The directorate is responsible for coordinating and facilitating air transportation for authorised campaign activities in support of President Tinubu’s re-election bid.
SEE ALSO: Tinubu Sends Six NMDPRA Executive Director Nominees to Senate, Retains Three
Demonstrating his commitment to the new assignment, Keyamo swiftly mobilised his team to produce a 30-second television campaign material highlighting the administration’s achievements in the aviation sector.
The campaign material, which has been fully paid for, is scheduled to commence airing on November 1, 2026, across major television stations. The broadcasts are expected to continue until a few days before the presidential election.
According to a press release issued on Saturday by Tunde Moshood, Special Adviser on Media and Communications to the Minister, the Tinubu Aviation Revolution Series is designed to present a concise, compelling and accessible account of the transformation of the aviation sector under the Tinubu administration.
Through the short-format television production, the campaign seeks to bring the government’s aviation record directly to the voting public, highlighting the sector’s progress and its contribution to national development.
The statement noted that aviation serves as a critical driver of economic growth, tourism, trade, investment and international connectivity.
It added that the series is intended to draw attention to the sector’s role in advancing the Renewed Hope Agenda and encourage an informed public assessment of the administration’s performance.






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