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Electricity Subsidy Gulps N376B, Consumers Pay N783B

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The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it was gathered on Sunday.

The latest power subsidy figures obtained in Abuja from the Nigerian Electricity Regulatory Commission, an agency of the Federal Government, showed that the government subsidised electricity in the first, second and third quarters of 2023.

 

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It was also gathered that power distribution companies billed electricity users a total of N1.06tn nationwide during the nine-month period, but collected N782.6bn despite the blackouts in many parts of Nigeria.

On subsidy payments, it was observed that in the first quarter of this year, the Federal Government subsidised power by N36bn, this increased to N135.2bn in the second quarter, and jumped to N204.6bn in the third quarter. Figures for the fourth quarter are not because we are still in the fourth quarter of 2023.

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INEC Disowns Labour Party National Convention

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The Independent National Electoral Commission (INEC) has disowned Wednesday’s Labour Party (LP) National Convention in Anambra.

Mr Rotimi Oyekanmi, the Chief Press Secretary to INEC Chairman, said this when he spoke with the News Agency of Nigeria (NAN) in Abuja on Thursday.

Oyekanmi said that the conduct of the convention was not monitored by INEC, declining to state further why it was not monitored.

NAN, however, reports that the LP had on Tuesday shifted the convention from Umuahia in Abia to Nnewi, Anambra State.

Speaking on the change in venue, Mr Kehinde Edun, the LP National Legal Adviser, told newsmen that the party had duly informed INEC about the change in venue and date.

 

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“No, it is holding in Anambra. Nnewi, to be precise, not Umuahia in Abia State again. In fact, Umuahia was not even the first venue we chose. Benin was the first choice before we changed to Umuahia and now Nnewi.

“So, we are at liberty to pick any venue of our choice. We only need to inform INEC about the change in venue and time,” Edun said.

Section 82(1) of the Electoral Act, 2022 states that political parties shall give INEC at least 21 days notice of convention, congress, conference or meeting.

This includes the convention or meeting convened for the purpose of “merger” and electing members of its executive committees, other governing bodies or nominating candidates.

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Cameroon Re-Elects 89-Year-Old Marcel Niat Njifenji, As Senate President

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