Manufacturers: Proposed 40% Hike in Electricity Tariff Outrageous, Perilous Say some may relocate plants to African countries with lower tariff
Dike Onwuamaeze
The Manufacturers Association of Nigeria (MAN) has described the proposed 40 percent hike in electricity tariff scheduled to take
effect from July 1, 2023, as “simply outrageous.” The MAN also highlighted that the federal government had increased electricity tariff by 186 percent in the past eight years,
adding that the “expectation of the manufacturers is that government and the Nigerian Electricity Regulatory Commission (NERC) will ensure improvement in electricity generation, transmission
and distribution that will lead to adequate and reliable electricity supply in the country, rather than increasing the tariff on the mere 4000MW, to meet all revenue needs of stakeholders in the electricity
supply industry.” The manufacturers expressed these views yesterday in a press statement titled, “Possible Impact of Impending Electricity Tariff Hike on Manufacturers.”
The manufacturers stated that the proposed increase in tariff would lead to rise in cost of production, reduction in manufacturers’ profit Continued on page 5
Anxiety as Sierra Leoneans Elect President; Bio Tackles Kamara...
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Saturday 24 June, 2023 Vol 28. No 10300
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22 Cargoes of Nigerian Crude Oil Unsold over Tax Issues with Ship Owners...
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Presidential Election Tribunal Admits Material Evidence against Tinubu as Atiku, PDP Close Case
Alex Enumah in Abuja
The Presidential Election Petition Court (PREPEC), yesterday in Abuja admitted in evidence
some documents tendered by the candidate of the People's Democratic Party (PDP), Atiku Abubakar in proof of his petition against the declaration of Tinubu
as winner of the February 25 presidential election. The documents, aimed at establishing allegations of perjury and non-qualification,
included Tinubu's Chicago University Certificate, discharge Certificate of the National Youth Services Corps (NYSC), a copy of transcript from South West
College, and membership card of the All Progressives Congress (APC). However, while the name on Tinubu's NYSC certificate bears
Tinubu Bola Adekunle; on his South West College transcript, the column for gender stated Continued on page 5
New Service Chiefs Take over, Promise Hell for Terrorists, Bandits, Oil Thieves
Acting IG brainstorms with DIGs, AIGs, CPs, unveils policing vision Boko Haram kills eight youths in Borno
Charles Ajunwa and Bennett Oghifo The new service chiefs yesterday took over command positions from their predecessors, pledging decisive counter measures against terrorists and oil thieves across the country. The Chief of Defence Staff (CDS), Maj Gen Christopher Musa, Chief of Army Staff, Maj Gen Abiodun Lagbaja and the Chief of the Naval Staff, Rear Admiral Ikechukwu Ogalla received the flags and insignia of office and instrument of authority from their predecessors, Gen Lucky Irabor, Lt Gen Faruk Yahaya and Vice Admiral Awwal Gambo. The new helmsmen spoke as the Acting Inspector-General of Police, Kayode Egbetokun met in Abuja with Deputy Inspectors-General of Police (DIGs); Assistant Inspectors-General of Police (AIGs) and Commissioners of Police (CPs) in a bid to chart the way forward for the nation's internal security. Speaking at the handover ceremony, the new CDS read the riot act to Continued on page 5
TINUBU MEETS BERSET…
L-R: President Bola Tinubu with the President of the Swiss Confederation, Alain Berset, on the sideline of the summit on New Global Financing Pact in Paris, France…yesterday.