News
Nigerians to Start Paying Full Electricity Price as Government Plans to Remove Subsidies
Nigeria’s Minister of Power, Adebayo Adelabu, has said that Nigerians should get ready for a new electricity pricing system that reflects the actual cost of power.
Speaking during a meeting with heads of the country’s power-generating companies in Abuja, Adelabu explained that the government can no longer afford to keep spending huge sums on electricity subsidies. He noted that the federal government currently owes power generation companies over N4 trillion in unpaid subsidy debts.
According to a recent report by the Nigerian Electricity Regulatory Commission (NERC), while the actual cost of electricity is around N116.18 per kilowatt-hour, consumers only pay N88.2—leaving a gap of nearly N28 per unit that the government has to cover.
Only about 15 percent of power users, those in Band A, are not receiving subsidies, meaning the rest still benefit from the price support. Adelabu made it clear that Nigerians must begin to pay the full value for the electricity they use, although he assured that low-income citizens will still receive targeted support to help with costs.
It was reported that bandits were seen in Kwara State and abducted six residents from Rukpete Village.
The incident was reported to have occurred on June 8 at about 11 p.m.
Sources revealed that seven people were initially taken, but an elderly man was later released, leaving six victims in captivity.
The rising cases of insecurity in the country remain quite alarming.
The state of the country is affecting many people, as they believe nowhere is safe, including schools where they keep their children.
It has been reported that some parents have started withdrawing their children from schools in Abuja.
It can be noted that rumours of bandits being sighted near a school triggered panic, causing parents to hurriedly remove their children for safety.
While the reports of bandits have not been confirmed, the school has also issued safety measures to ensure the protection of students within the premises.
It has been rumored that bandits have made their way to Lagos, and allegedly they were spotted in Ibeju-Lekki, where some residents became suspicious of them and reported the matter.
A clip of the group of men went viral online, and many people became concerned. Whether true or not, fear has been sparked among Lagosians as they worry that bandits may already be in the state. Even if the reports remain unconfirmed, many believe it is still a possibility worth paying attention to.
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