Reps pledge to address electricity tariff hike

PLACE YOUR ADVERT HERE

Benjamin Kalu, the Deputy Speakers noted that the House of Representatives will intervene in the recent increase in electricity tariffs by the Nigerian Electricity Regulatory Commission upon its resumption on April 23, 2024.

Speaking virtually on the special edition of “Ben Kalu’s Mandate”, a call-in radio programme of FLO FM, Umuahia, Abia State, on Monday, the lawmaker noted that the parliament would find a way to resolve the issue.

On 3rd of April, the Nigerian Electricity Regulatory Commission upward review of electricity tariff for consumers in Band A, who enjoy 20 hours of daily power supply by 240 percent to N225/kilowatt hour from N68/KWh.

According to the report, Mr Levinus Nwabughiogu, the Chief Press Secretary to the Deputy Speaker, quoted Kalu as saying that the parliament would continue to conduct its affairs with the interest of Nigerians in mind.

It’s a general problem. While I was on my holidays, one of the things I was bothered with was a letter sent to me by the majority leader of the House on the need for us to intervene in a matter involving the University of Ibadan Teaching Hospital power supply. They were disconnected because of this hike and they don’t have the money to pay. We said it’s an essential service. Something should be done about it while we look at other details.

I can assure you that when we resume, it’s one of the things we are going to look into. We will look at both sides of the coin to know a win-win approach to it because we cannot also suffocate the investors. We cannot allow Nigerians to suffer unduly. So, it is one of the things we will look at by the time we resume and we will find a way to solve it,” the statement quoted Kalu as saying.

Kalu said the onus was on the people to participate fully in the process, while the National Assembly will help amplify their voices, with the possibility of a new constitution for Nigeria.

Some schools of thought expressed the view that they want a new constitution. They want us to drop the old one and take up a new one.

Some elders known as The Patriots are also asking for a new constitution. But as you know, we are the people’s parliament. You are our bosses. Whatever the people decide for us to do when we have our public hearings and all these engagements, when we move around because we are going to go to every zone, most local government areas, or senatorial or geopolitical zones to engage, is what we will look at.

If the people have a general consensus that this is what Nigerians want and the template of what they are asking for; what is wrong with this one that you want to change? How would the new one look like and what do you have in mind? We will be able to factor that in.”

Kalu stated that, there is more awareness about the plan to amend the constitution.

I like it when people call to discuss that. It shows there is awareness, which is very key. It’s only when you are aware that you can engage and make the right impact,” he said

 

 

PLACE YOUR ADVERT HERE

Popular Related

PH refinery: Marketers eye fuel price reduction, ready to load

The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN) have projected a marginal decreased in the...

Sanwo-Olu advocates public sector collaboration

In an act to foster development in the country, Babajide Sanwo-Olu, the Lagos State Governor, has urged for synergy in the public sector for...

Tinubu hailed for Ikorodu-Epe road rehabilitation

Following the swift intervention of the Federal Government into the rehabilitation of the Ikorodu-Imota-Itoikin-Epe road, Lagos based businessman, Dr. Oladega Adebogun has expressed appreciation...

Govt palliative worsening food inflation, says Cardoso

Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has said that the high cost of foodstuff is caused by the government as...

Investors lose N252bn on bearish equity trading

As stated by the Nigerian Exchange, stock investors loss hit N252bn After Easter holidays, the market lost about N467bn between Tuesday and Thursday. The bearish trend...

NDIC raises deposit insurance coverage by 900%

The Nigeria Deposit Insurance Corporation (NDIC) has increased maximum deposit insurance coverage of Deposit Money Banks (DMBs) and Mobile Money Operators (MMOs) by 900...

FG directs banks to deduct stamp duty charges on mortgages

Following the economical crisis and level of hardship in the country, the Federal Government has urged Deposit Money Banks to start the decrease of...

Fluctuating exchange rate affecting container traffic – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) has asked the government to ensure stability in the exchange rates as the fluctuating nature,...

NNPCL promises increased gas production to stabilise naira

On Thursday, Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, promised to pump more of Nigeria’s gas into...

Govt planning low-interest credit facilities for PWD – NCPWD

James Lalu, the Executive Secretary of the National Commission for Persons With Disabilities, revealed that it has collaborate with the Bank of Industry to...