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I rejected ministerial appointments because I can’t work with civil servants – Afe Babalola
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I rejected ministerial appointments because I can’t work with civil servants – Afe Babalola

Afe Babalola revealed why he turned down ministerial appointments while speaking at the dinner organized in celebration of conferment of honorary doctor of letters on him by the University of Ibadan (UI). According to founder of Afe Babalola University, he can't work with the present crop of workers […]

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DJ Cuppy reveals she’s the most followed African DJ in the world
Celebrities - Entertainment - Music -

DJ Cuppy reveals she’s the most followed African DJ in the world

Dj Cuppy Billionaire daughter, Florence Otedola professionally known as DJ Cuppy, is the most followed African disc jockey in the world. She revealed this with excitement on her social media page today. “OMG! Just found out I’m the MOST FOLLOWED African DJ in The WORLD! […]

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Naira Marley Sells Out 02 Academy Arena For Marlian Fest In Three Minutes
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Naira Marley Sells Out 02 Academy Arena For Marlian Fest In Three Minutes

Controversial singer, Naira Marley has achieved the impossible by selling out a nearly 5,000 capacity arena in just 3 minutes. The announcement was made by popular London based OAP, Adesope Olajide popularly known as ShopsyDoo via his Instagram page. According to him, the tickets for […]

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Nigerians to pay more as NERC approves new electricity tariff

Nigerians to pay more as NERC approves new electricity tariff



Customers to pay more as NERC approves new electricity tariffThe Nigerian Electricity Regulatory Commission (NERC) has approved new energy tariff for the electricity distribution companies (DisCos) in the country. The commission made this known on Wednesday, August 21st in a series of publications tagged ‘2016-2018 minor review of the 2015 multi year tariff order’ (MYTO) for each DisCo.According to the documents, the order became effective from July 1, 2019. The DisCos had cited lack of cost-reflective tariff as its major challenge on the sector, which has also prevented them from investing in their networks. In 2018, the DisCos claimed they are incurring huge losses as they buy electricity at N80.88 and sell to consumers at N31.50, recording a shortfall of N49.38 per kilowatt. Customers to pay more as NERC approves new electricity tariff “The objectives of this Order are to reflect the impact of changes in the Minor Review variables for the period 2016 2018 to determine the cost reflective tariffs for the relevant years; and to ascertain revenue shortfalls in view of the differential between such tariffs and allowed tariffs in the Nigerian Electricity Supply Industry (“NESI”),” NERC said.“Determine and recognise the historical (2015 2018) tariff deficits pursuant to the obiective of resolving the impairment of the financial records of DisCos arising as a consequence of the deficits.“This Order has taken into consideration the actual changes in relevant macroeconomic variables and available generation capacity in updating the operating MYTO 2015 Tariff Order for the period January 1, 2016 to December 31, 2018 in line with the provisions of the MYTO Methodology (Amended). Projections were made for macroeconomic variables for the year 2019 and beyond based on best available information.“The Commission shall make necessary adjustments to reflect actual values at the time of the next minor review that will take effect on 1 January 2020.”The post Nigerians to pay more as NERC approves new electricity tariff appeared first on Linda Ikeji Blog.



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I rejected ministerial appointments because I can’t work with civil servants – Afe Babalola
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I rejected ministerial appointments because I can’t work with civil servants – Afe Babalola

Afe Babalola revealed why he turned down ministerial appointments while speaking at the dinner organized in celebration of conferment of honorary doctor of letters on him by the University of Ibadan (UI). According to founder of Afe Babalola University, he can't work with the present crop of workers […]