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    Young Nigerians should drive positive change, not internet fraud – Olukoyede

    EFCC boss tells local govt chairmen accountability must reach grassroots

    Nigeria: Senator Shehu Sani dismisses El-rufai’s claim of payment of N1b to bandits by Kaduna gov

    Nigeria: Abuja Federal High Court adjourns ruling on no-case submission by ex-gov El-Rufai to October 26

    Sanwo-Olu inaugurates grassroots Ambassadors to engage Lagos citizens on Tinubu’s Renewed Hope journey

    Tinubu extends working vacation by a few days

    SMEDAN seeks EFCC support in promoting home-made products

    EFCC, Police, other stakeholders unite against illicit financial flows in Akwa Ibom State

    INEC raises fresh alarm over AI generated misinformation threat to 2027 elections

    Tinubu mourns passage of ex-Kogi Gov. Idris as loss to Nigeria

    Nigeria: First Lady, Remi Tinubu worries over fake news, negative use of social media

    APC National Chairman celebrates First Lady Remi Tinubu on 66th birthday

    Nigeria: Speaker Abbas inaugurates House committee to strengthen border security

    Miners’ death in NSCDC custody unfortunate, avoidable – Speaker

  • Entertainment
    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele set to release latest film ‘Where Is Mr. Right?’ Aug. 15

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    Deejays disown report of Burna Boy’s music ban

    Burna Boy is Africa’s best-selling artiste with 14.46m equivalent album units

    Tems makes history as first African female artiste to clinch Diamond single in U.S.

    MTN gives 20 startups N5m each in Cloud Accelerators programme

    MTN, Ultima offer N225m recording deal, others to Next Afrobeat Star 2.0 winner

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele confirms inspiration by American filmmaker Tyler Perry

    Deejays disown report of Burna Boy’s music ban

    Burna Boy edges Tems as African artiste on billboard Hot 100 entries

    Nigeria–Congo World Cup dispute: Fresh speculation as DR Congo omits two controversial players

    Burna Boy, Shakira set to release FIFA World Cup song “Dai Dai”

    Mixed reactions trail Davido’s appointment as youth mobiliser for Adeleke’s re-election campaign

    Davido set for induction into Black Music Walk Of Fame

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    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

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    Nigeria: Students of Taraba College of Nursing Sciences protest violent raid on off-campus female hostel

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Amid backlashes, support rises for Minister’s repositioning efforts on King’s College

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Education Minister in the eye of storm over moves to concession King’s College

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Minister assures no King’s College member of staff will be sacked over school crisis

    Nigeria: FG moves to establish Armed Forces Medical College

    Nigeria: Workers protest planned concession of Unity Colleges

    Learn Africa discloses that Non-Executive Director Hajia Binta Bakari divested stake

    Learn Africa confirms divestment of 3.42m shares by NED, Hajia Binta Bakari

    FG launches Digital Training Academy to upscale Nigerians from digital skills to global opportunity

    FG launches Digital Training Academy to upscale Nigerians from digital skills to global opportunity

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria :FG moves against substandard teaching/learning materials, sets 70% benchmark for textbooks

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    Nigeria adopts new frameworks to strengthen accountability, financing, governance, service delivery in health sector

    Nigeria makes medical history, performs first tele-robotic surgery in Abuja from Ogun State

    NAFDAC to enforce alcohol sachet ban by 2026

    Nigeria: NAFDAC unveils 600 pharmacists for drug regulation 

    Ondo Govt confirms promotion of 3,089 civil servants in 2025

    Ondo Govt. confirms 29 deaths, 60 cases from suspected alcohol poisoning

    Neimeth, shareholders get March 31 date by court to meet on new share scheme

    Neimeth confirms acquisition of 10m shares by Damitop Consulting

    WHO confirms 88% drop in measles deaths as vaccination averts 58.7m deaths globally

    WHO celebrates field epidemiologists across the Eastern Mediterranean Region and worldwide

    WHO highlights cybersecurity as a growing health security priority

    WHO highlights cybersecurity as a growing health security priority

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Alausa confirms move to expand medical training as TETFund plans world-class simulation centres across six geopolitical zones

    World Cancer Day: Female students advised to abstain from smoking, keep one partner to avoid Cervical Cancer

    Nigeria: Oncologist raises alarm on surge of cancers among 18-39 age groups

    Nigeria adopts new frameworks to strengthen accountability, financing, governance, service delivery in health sector

    African Health Ministers approve 10-year Health Workforce Agenda

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    CP Abayomi Shogunle, Prof Tayo Popoola, Adaora Onyechere Sydney-Jack, Lanre Arogundade to speak at GOCOP 2026 conference

    CP Abayomi Shogunle, Prof Tayo Popoola, Adaora Onyechere Sydney-Jack, Lanre Arogundade to speak at GOCOP 2026 conference

    INEC woos CSOs to support in urging National Assembly to conclude Electoral Act amendment

    INEC chairman Prof Joash Amupitan to keynote GOCOP 2026 conference

    GOCOP mourns former President Dotun Oladipo

    GOCOP to institute Dotun Oladipo Prize for Online Journalism

    2027 Elections: Economy, security and Nigeria’s future

    Lagos Governor Sanwo-Olu delivers 7th Freedom Online Lecture, says bringing back fuel subsidy an empty campaign buzz, it’s not fiscally realistic

    Sanwo-Olu, Lai Mohammed, Gbenga Daniel to discuss 2027 elections, insecurity at 7th Freedom Online lecture

    Sanwo-Olu, Lai Mohammed, Gbenga Daniel, others to attend 7th Freedom Online lecture Thursday

    Young Nigerians should drive positive change, not internet fraud – Olukoyede

    Nigeria: Olukoyede charges media managers on emerging technologies

    Dying for the Story: Nigeria’s Journalists, One Death Too Many and the Families Left Behind

    Dying for the Story: Nigeria’s Journalists, One Death Too Many and the Families Left Behind

    GOCOP mourns former President Dotun Oladipo

    APC chairman mourns Dotun Oladipo, says Nigeria has lost a fearless media professional

    GOCOP mourns former President Dotun Oladipo

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    When Privacy Becomes Content: The Dangerous Normalisation of Leaked Private Conversations

    NSCDC parades suspended 24 officers over death of 37 suspected illegal miners in custody

    Access Bank to host Africa Trade Conference 2026

    Access Bank redeems $500m Senior Unsecured Eurobond upon maturity

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Minister engages US university on transnational education partnerships

    Tinubu meets Vincent Bolloré with interests in Canal+, MultiChoice, Universal Music Group in Paris on expanded investment in Nigeria

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Education Minister in the eye of storm over moves to concession King’s College

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    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sokoto–Badagry Highway: 18km of earthworks, 47km of site clearance achieved in 2 months- Contractor

    Twenty years of progress on gender parity now fragile  – WEF Report

    Nigeria: UN calls for protection of civilians, schools following a spate of attacks in Niger State

    World Humanitarian Day: UN calls for scaled-up support to millions of Nigerians in need and safety for the aid workers helping them

    WTO retains 72% of world trade despite uncertainties – Okonjo-Iweala

    WTO retains 72% of world trade despite uncertainties – Okonjo-Iweala

    U.S. border control wants 5-year check on tourists’ social media

    U.S. hits Nigeria, 80 other countries with new tariffs citing ‘forced labour’

    Trump accuses Nigeria of allowing Boko Haram, Islamic State terrorists operate freely

    Trump approves 30-year nuclear pact with Saudi Arabia

    Trump accuses Nigeria of allowing Boko Haram, Islamic State terrorists operate freely

    Trump threatens strikes on Iran’s power plants, next week without deal

    Trump accuses Nigeria of allowing Boko Haram, Islamic State terrorists operate freely

    Trump expects payment for Strait of Hormuz control

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    World Population Day: UNFPA urges investments in young people’s choices, future

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    Sanwo-Olu aide flags off 5th Cycling Lagos as Agbo clinches second consecutive title

    Sanwo-Olu aide flags off 5th Cycling Lagos as Agbo clinches second consecutive title

    Aquafina moves to refresh 5th Cycling Lagos as Golden Penny Foods, Adron Homes, others announce support

    5th Cycling Lagos Webinar: Experts call for investment, policy enforcement to unlock Nigeria’s recycling potential

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    5th Cycling Lagos: Organizers open online registration portal ahead of September 12 Grand Finale

    Union Bank, AIICO Multishield, Checkers  Custard, Others Back 5th Cycling Lagos

    EFCC, ICPC in joint investigation of NFF over alleged misuse of N12b

    NSC replaces Sanusi with Ikpeme as NFF General Secretary

    EFCC, ICPC in joint investigation of NFF over alleged misuse of N12b

    NFF secures $8.5m annual kit sponsorship with Adidas

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    Nigeria: EFCC FC Kano wins Inter-Service Unity Cup

    Cycling Africa takes over management of Cycling Lagos, Cycling Kano, unveils expansion plan across African cities

  • Business

    Investments and Securities Tribunal to introduce digital processes, new rules to speed capital market justice

    Red Star Express forecasts ₦400m pre-tax profit for Q3 2026/2027

    Red Star Express shareholders approve 45 kobo dividend and key resolutions at 33rd AGM

    Tinubu signs Electoral Act Amendment Bill 2026 into law

    Tinubu okays initiative for Nigerian firms to operate in international markets without moving their businesses abroad

    Red Star Express forecasts ₦400m pre-tax profit for Q3 2026/2027

    Red Star Express forecasts ₦400m pre-tax profit for Q3 2026/2027

    VFD Group Plc profit doubles to ₦10.06b in H1 2026

    VFD Group forecasts ₦4.07b net profit for Q4 2026

    RMAFC moves to strengthen revenue monitoring, fiscal accountability

    RMAFC seeks investment boost for Nigeria’s oil sector with China summit

    Trans-Nationwide Express reports ₦46.31m loss in H1 2026 amid soft revenue

    Trans-Nationwide Express projects ₦8.96m profit for Q4 2026

    Juli Plc announces AGM date and corporate actions schedule for September 2026

    Juli Plc announces AGM date and corporate actions schedule for September 2026

    Otedola’s interest in First HoldCo jumps to 26% as Calvados Global Services buys fresh 138m shares

    Femi Otedola close to mandatory takeover of First HoldCo, as WorldStage forecasts 51% controlling stake in 2027

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  • NIGERIA
    Young Nigerians should drive positive change, not internet fraud – Olukoyede

    EFCC boss tells local govt chairmen accountability must reach grassroots

    Nigeria: Senator Shehu Sani dismisses El-rufai’s claim of payment of N1b to bandits by Kaduna gov

    Nigeria: Abuja Federal High Court adjourns ruling on no-case submission by ex-gov El-Rufai to October 26

    Sanwo-Olu inaugurates grassroots Ambassadors to engage Lagos citizens on Tinubu’s Renewed Hope journey

    Tinubu extends working vacation by a few days

    SMEDAN seeks EFCC support in promoting home-made products

    EFCC, Police, other stakeholders unite against illicit financial flows in Akwa Ibom State

    INEC raises fresh alarm over AI generated misinformation threat to 2027 elections

    Tinubu mourns passage of ex-Kogi Gov. Idris as loss to Nigeria

    Nigeria: First Lady, Remi Tinubu worries over fake news, negative use of social media

    APC National Chairman celebrates First Lady Remi Tinubu on 66th birthday

    Nigeria: Speaker Abbas inaugurates House committee to strengthen border security

    Miners’ death in NSCDC custody unfortunate, avoidable – Speaker

  • Entertainment
    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele set to release latest film ‘Where Is Mr. Right?’ Aug. 15

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    Deejays disown report of Burna Boy’s music ban

    Burna Boy is Africa’s best-selling artiste with 14.46m equivalent album units

    Tems makes history as first African female artiste to clinch Diamond single in U.S.

    MTN gives 20 startups N5m each in Cloud Accelerators programme

    MTN, Ultima offer N225m recording deal, others to Next Afrobeat Star 2.0 winner

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele confirms inspiration by American filmmaker Tyler Perry

    Deejays disown report of Burna Boy’s music ban

    Burna Boy edges Tems as African artiste on billboard Hot 100 entries

    Nigeria–Congo World Cup dispute: Fresh speculation as DR Congo omits two controversial players

    Burna Boy, Shakira set to release FIFA World Cup song “Dai Dai”

    Mixed reactions trail Davido’s appointment as youth mobiliser for Adeleke’s re-election campaign

    Davido set for induction into Black Music Walk Of Fame

    • Life
    • Art & Culture
    • LIFE & CULTURE
  • Education
    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Minister calls for stronger global investment in education, highlights domestic financing commitment

    Nigeria: FG moves to establish Armed Forces Medical College

    Nigeria: Students of Taraba College of Nursing Sciences protest violent raid on off-campus female hostel

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Amid backlashes, support rises for Minister’s repositioning efforts on King’s College

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Education Minister in the eye of storm over moves to concession King’s College

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Minister assures no King’s College member of staff will be sacked over school crisis

    Nigeria: FG moves to establish Armed Forces Medical College

    Nigeria: Workers protest planned concession of Unity Colleges

    Learn Africa discloses that Non-Executive Director Hajia Binta Bakari divested stake

    Learn Africa confirms divestment of 3.42m shares by NED, Hajia Binta Bakari

    FG launches Digital Training Academy to upscale Nigerians from digital skills to global opportunity

    FG launches Digital Training Academy to upscale Nigerians from digital skills to global opportunity

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria :FG moves against substandard teaching/learning materials, sets 70% benchmark for textbooks

  • Health
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    NAFDAC to enforce alcohol sachet ban by 2026

    Nigeria: NAFDAC unveils 600 pharmacists for drug regulation 

    Ondo Govt confirms promotion of 3,089 civil servants in 2025

    Ondo Govt. confirms 29 deaths, 60 cases from suspected alcohol poisoning

    Neimeth, shareholders get March 31 date by court to meet on new share scheme

    Neimeth confirms acquisition of 10m shares by Damitop Consulting

    WHO confirms 88% drop in measles deaths as vaccination averts 58.7m deaths globally

    WHO celebrates field epidemiologists across the Eastern Mediterranean Region and worldwide

    WHO highlights cybersecurity as a growing health security priority

    WHO highlights cybersecurity as a growing health security priority

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Alausa confirms move to expand medical training as TETFund plans world-class simulation centres across six geopolitical zones

    World Cancer Day: Female students advised to abstain from smoking, keep one partner to avoid Cervical Cancer

    Nigeria: Oncologist raises alarm on surge of cancers among 18-39 age groups

    Nigeria adopts new frameworks to strengthen accountability, financing, governance, service delivery in health sector

    African Health Ministers approve 10-year Health Workforce Agenda

    • Health and Fitness
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    CP Abayomi Shogunle, Prof Tayo Popoola, Adaora Onyechere Sydney-Jack, Lanre Arogundade to speak at GOCOP 2026 conference

    CP Abayomi Shogunle, Prof Tayo Popoola, Adaora Onyechere Sydney-Jack, Lanre Arogundade to speak at GOCOP 2026 conference

    INEC woos CSOs to support in urging National Assembly to conclude Electoral Act amendment

    INEC chairman Prof Joash Amupitan to keynote GOCOP 2026 conference

    GOCOP mourns former President Dotun Oladipo

    GOCOP to institute Dotun Oladipo Prize for Online Journalism

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    Lagos Governor Sanwo-Olu delivers 7th Freedom Online Lecture, says bringing back fuel subsidy an empty campaign buzz, it’s not fiscally realistic

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    Sanwo-Olu, Lai Mohammed, Gbenga Daniel, others to attend 7th Freedom Online lecture Thursday

    Young Nigerians should drive positive change, not internet fraud – Olukoyede

    Nigeria: Olukoyede charges media managers on emerging technologies

    Dying for the Story: Nigeria’s Journalists, One Death Too Many and the Families Left Behind

    Dying for the Story: Nigeria’s Journalists, One Death Too Many and the Families Left Behind

    GOCOP mourns former President Dotun Oladipo

    APC chairman mourns Dotun Oladipo, says Nigeria has lost a fearless media professional

    GOCOP mourns former President Dotun Oladipo

    Family announces funeral arrangements for former GOCOP President Dotun Oladipo

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    When Privacy Becomes Content: The Dangerous Normalisation of Leaked Private Conversations

    NSCDC parades suspended 24 officers over death of 37 suspected illegal miners in custody

    Access Bank to host Africa Trade Conference 2026

    Access Bank redeems $500m Senior Unsecured Eurobond upon maturity

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Minister engages US university on transnational education partnerships

    Tinubu meets Vincent Bolloré with interests in Canal+, MultiChoice, Universal Music Group in Paris on expanded investment in Nigeria

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

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    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sokoto–Badagry Highway: 18km of earthworks, 47km of site clearance achieved in 2 months- Contractor

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    Trump accuses Nigeria of allowing Boko Haram, Islamic State terrorists operate freely

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    Trump threatens strikes on Iran’s power plants, next week without deal

    Trump accuses Nigeria of allowing Boko Haram, Islamic State terrorists operate freely

    Trump expects payment for Strait of Hormuz control

    World: Seven MDBs pledge support to countries hit by middle east conflict  

    World Population Day: UNFPA urges investments in young people’s choices, future

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    Femi Otedola close to mandatory takeover of First HoldCo, as WorldStage forecasts 51% controlling stake in 2027

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Home Energy

As electricity bills overtake rents, Lagos landlords set to jerk up rents

by Worldstage News
November 9, 2023
in Energy
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* DISCOs lament how consumers  are by-passing  meters to steal electricity

WorldStage Newsonline– Residents of No. 32, Adebayo Street in Alakuko axis of Lagos State were near to physical fists throwing over unconfirmed circumstances of shorter span of enjoyment of electricity recharge.

The controversy arose from dragging but sudden surge in electricity tariff which, unknown to them, was the reason earlier fee for recharging their prepaid meter in a month no longer lasted that long.

At first, the landlady, Mrs. Titilayo Shotayo, had attributed the shortage to possibility of tenants having brought in additional electrical devices and thereby reduced the usual span of monthly recharge of meter. She suggested apartment-to-apartment check for such devices to know who among the tenants had caused the shortage. After heated arguments among the tenants in favour and against the landlady’s suggestion and which almost resulted to tenants abusing themselves, a move for calm and suggestion for check of order of previous payments by one of the tenants led to the discovery that Ikeja Electricity Distribution Company (IKEDC) had stealthily ramped up tariff per unit of electricity supply by close to 100% from the previous N45 per unit to N87 since September 2023.

Though the initial enmity generated among the tenants by the hidden increase subsided, but not the pain of the crushing burden of additional payment liability for same period of a month. The tenants could neither understand nor fathom how to afford a difference of N86, 000 in the previous monthly recharge of N34, 000 and the new N120, 000. By implication, a room tenant previously paying N2, 675 per month will now be paying about N9, 500 while a flat apartment tenant paying N8, 000 will have his bill jumped to about N28, 000 per month. The dramatic aspect of it is that tenants, by the tariff increase, are now paying more for electricity than rent.

Bad as the situation is, the landlady is already warming up to worsen it by jerking up the rent, because according to her, it’s inconceivable for electricity charges to be higher than rent. That’s another trouble the tenants of the facility are up with. And truly, the landlady may be right with her readiness to hike rent because right from the coming of electricity, charges for its use has ever neither be at par nor anywhere near rent. That leaves tenants at the receiving end of both financial tragedies.

The situation at No. 32 Adebayo residence was later to expose similar happenings in many other residential facilities around the area as their tenants, aware of what happened at No. 32, told their own stories too in solidarity. One of them who simply identified himself as Famoroti narrated that himself and other tenants in his house are already contemplating protest against their landlord because, according to him, if house rent increment is effected he might not be able to  take care of even the most basic responsibility at home front.

He complained he’s already down meeting promptly the usual financial responsibilities as children’s school fees, house rent, transportation as well as liability to some extended family members’ needs. He said additional increase of rent would mean a death knell for him. While he did not give by what percentage the landlord is like to jerk up the rent, he said consequence on his finances is the same anyway.

A check by WorldStage Newsonline with IKEDC officials at Alakuko and Ijaiye Lagos office of the company for explanation on why it smuggled in the hike in tariff showed it was done in effecting previous alert by the company on the inevitability of the action due to fuel subsidy removal. Few of the officials who reluctantly volunteered to speak, but under anonymity, cited the spiraling exchange rate of naira to dollar as well as fuel pump price increase as reasons.

Residents of No. 32 Adebayo Street and other consumers of electricity appear not alone in conflict the tariff hike is generating as officials of DisCos disclosed that they’re equally having a hell of task reining in on alleged meter tampering by some consumers of their services as a way of lessening the effect of the burdensome tariff.

One of the officials disclosed what, according to him, had become the practice of electricity consumers to disconnect electric wire from prepaid meter and connect it directly to electricity source at weekends, mostly to evade meter reading of power consumed. He lamented that not even the heavy punishments or legal/monetary fines sometimes imposed on violators had helped to discourage the development.

Asked if the burdensome new tariffs are not unbearable enough to justify the practice, though illegal and criminal, he said the new tariffs were necessary if DisCos was to continue in business and Nigerians to have adequate supply of electricity. He admitted the negative financial impact of the tariff increase on the lives of consumers but denounced that the problem emanated from them. He argued that the company was operating based on the basic principle cost and pricing marketing practice, adding that the country cannot eat her cake and have it with the liberalization policies that the current administration is giving force.

Since the start of the year there have been reports and counter reports of Nigeria’s Electricity Distributing Company (DisCos) intention of increasing charges on per unit electricity consumption, leaving Nigerians seriously worried about the potential impact it’s going to be on their lives. Confirming the reports which many had regarded as rumours, DisCos declared in June it was going to jerk up tariff by 40% beginning from last July and justified the hike as a response to the floating of the naira. It added that by the increase it aimed to ensure that the electricity industry remained financially viable and sustainable in the face of forex challenges.

DisCos also explained that “Under the Multi-Year Tariff Order (MYTO) 2022 guidelines, the previously set exchange rate of N441/1 dollar may now be revised to approximately N750/1 dollar, impacting the tariffs associated with your electricity consumption. For customers within bands B and C, with supply hours ranging from 12 to 16 per day, the new base tariff is expected to be N100 per kWh while Bands A with (20 hours and above) and B (16 to 20 hours) will experience comparatively higher tariffs. For customers with a prepaid meter, we encourage you to consider purchasing bulk energy units before the end of this month as this will allow you to take advantage of the current rates and potentially make savings before the new tariffs come into effect. For those on post-paid (estimated) billing, a significant increment is imminent in your monthly billing, starting from August.”

While that explanation was given at a time the exchange rate was being speculated to peak at N750/1$ from N441/1$, it’s little wonder that DisCos resorted to smuggling in further tariff increase for fear of popular revolt should it make it a duty to the public to announce.

The MYTO 2022 guideline is a framework that the Nigerian Electricity Regulatory Commission (NERC) uses to determine electricity tariffs in Nigeria. Its guidelines provide a structured approach to calculating and reviewing tariffs to ensure transparency, cost recovery, and sustainability in the power sector.

It provides a 15-year tariff path for the Nigerian electricity industry and undergoes regular reviews to account for changes in factors such as inflation, U.S. dollar exchange rate to naira, gas price and generation capacity.

Major reviews are conducted every five years, during which all inputs are reviewed in consultation with stakeholders, while the minor reviews are done bi-annually, which involve collecting actual data from the National Bureau of Statistics, Central Bank of Nigeria and System Operations Unit of Transmission Company of Nigeria.

It then comes to the question of the propriety of rent increase because of increase in electricity tariff. Does increase in electricity tariff have any direct economic bearing on rented houses to warrant consequential increase adjustment to existing rent rate?

Dr. Felix Fagbade of Solid Security & Investment Ltd, a stock broking company, said there is. According to him, as long as the current economic crisis in the country is felt by house owners and value of rents they usually collect is considered significantly compromised such that they no longer cover for same range of expenses they previously did, then house owners would not be acting in error to jerk up rents.

Asked if such move will not amount to double burdens on tenants since there is yet no proportional adjustment to their earnings, Fagbade replied that’s the reason tenants who were government employees should pressure their employers to equally jerk up their pays. He said those (tenants) that were self-employed must have already reflected the difference in their charges on services they rendered or on prices of products they sold. He admitted however that it would only amount to wickedness if government, in the face of the hardship its new economic policies had brought, refused to mitigate the effect by increasing employees’ earnings for them to be able to meet up with financial responsibilities.

Mr. Patrick Umeheze, a public analyst who also spoke on the development explained that the country is presently at a fix but needed the various reforms being emplaced by the current federal administration. He argued that while the citizens needed to accept and cope with the temporary pains the reforms bore, he however maintained that the pains shouldn’t be allowed to be borne by a class of the citizenry while other class or classed were insulated. He also condemned some of the nation’s utilities’ operators like DisCos, telecom companies etc as taking unfair advantage of the current economic crisis to act Shylock. Much as he acknowledged that the crisis had caused rise in costs for individuals and organizations alike, he disagreed with some of the actions being taking by many companies or entities to weather the effects.

Earlier in the year the Nigeria Labour Congress (NLC) had warned against the planned increase, stating that the massive rise will not bode well for Nigerians. In the warning, NLC dismissed the figures churned out by DisCos as enough justification for what it described as reckless proposed tariff increase. “The issue of capacity to pay and quality of service delivery is not only germane but superior to any rationalization by market logic,” the Congress President, Joe Ajaero, had said while giving the warning.

Also, the president of the Manufacturers Association of Nigeria, Francis Meshioye, in an interview with Arise TV, sought the reduction of electricity tariffs for manufacturing businesses.

Also discouraging the proposed tariff increase, the president of the Manufacturers Association of Nigeria, Francis Meshioye, had said “no increment on the tariff currently, rather the government should look at a way to give us special tariff on electricity to be able to mitigate overburdened expenses of expenditure of manufacturing industry in the country.” According to him, the association currently spends up to 30 per cent on energy, and he urges a subsidy of up to 20-15 per cent to help competitiveness.

Shehu Sanni, a social critic and former senator, also called the proposal soulless. “Some Power distribution companies have issued a notice of an impending electricity tariff hike; that is soulless. No reasonable person will support such a policy. Yes, we have wealthy people, but we are still a developing country,” he had called out at the time.

Sanni also faulted the federal government on its move to take off fuel subsidy, make plans to increase electricity tariffs and then hike 40 per cent in vehicle duties. “They’re simply being unfair to Nigerians,” he bemoaned on Twitter, now X.

Tags: electricity billsIKEDCLagos
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