The President of Dangote Group, Aliko Dangote, has said that Nigeria needs to stop mortgaging crude oil to ensure the availability of feedstock for local refineries. Dangote, who spoke at a summit organised by the Crude Oil Refinery Owners Association of Nigeria in Lagos, said it was unfortunate that while countries like Norway are putting
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BREAKING: President Tinubu scraps two ministries, merges others
President Bola Tinubu and Federal Executive Council have scrapped the Niger Delta Ministry and the Ministry of Sports Development. Special Adviser to the president on Information and Strategy, Bayo Onanuga, disclosed this in a post on his official X handle on Wednesday. He said the decisions were taken at the meeting of the FEC in
BREAKING: President Tinubu scraps two ministries, merges others
President Bola Tinubu and Federal Executive Council have scrapped the Niger Delta Ministry and the Ministry of Sports Development.
Special Adviser to the president on Information and Strategy, Bayo Onanuga, disclosed this in a post on his official X handle on Wednesday.
He said the decisions were taken at the meeting of the FEC in Abuja.
According to him, “there will now be a Ministry of Regional Development to oversee all the regional development commissions, such as Niger Delta Development Commission, North West Development Commission, South West Development Commission, North East Development Commission”.
He also stated that the National Sports Commission will take over the role of the Ministry of Sports henceforth.
During the FEC meeting, the president also approved the merger of the Ministry of Tourism with the Ministry of Culture and Creative Economy.
BREAKING: President Tinubu scraps two ministries, merges others
Electricity price cheapest in Nigeria – Adelabu
The Minister of Power, Adebayo Adelabu has said that electricity is cheapest in Nigeria compared to other African countries. Adelabu disclosed this on Thursday when he received the Secretary of the Lottery Trust fund, Tosin Adeyanju at his office in Abuja. According to Adelabu, Nigeria and the World in general grapple with two basic problems:
Electricity price cheapest in Nigeria – Adelabu
The Minister of Power, Adebayo Adelabu has said that electricity is cheapest in Nigeria compared to other African countries.
Adelabu disclosed this on Thursday when he received the Secretary of the Lottery Trust fund, Tosin Adeyanju at his office in Abuja.
According to Adelabu, Nigeria and the World in general grapple with two basic problems: Food and Energy security.
“All over the world today, we are faced with two basic issues and these are food and energy securities
“It is worth noting that the price of electricity is still the cheapest in Nigeria compared to even other African nations,” he said.
He added that, “if Nigerians are patient, they will realize that the government means well for them”.
On his part, Adeyanyu said his visit to Adelabu was to seek how to partner on solar energy
Meanwhile, Adelabu’s comments come as Nigerians face high energy costs, from petrol and diesel to electricity.
Electricity distribution companies in Nigeria charge N209.5 per Kilowatt-hour effective 1st July 2024 for customers in Band A, getting 20-22 hours.
Recall that on April 3, the Nigerian Electricity Regulatory Commission approved a 240 percent electricity tariff hike to N225 per kilowatt-hour from N66.
DAILY POST observed that the cost of electricity in Senegal and Togo is N296.10 and N353.68 per kilowatt-hour, respectively, higher than that of Nigeria.
However, the cost of electricity is cheaper in Ivory Coast, which is at N195.76 per Kilowatt-hour and in Ghana at N205.62 per Kilowatt-hour as of April 2024.
Benin airport attack: PDP accuses Police of selective justice, says 22 party members under surveillance
The Edo State chapter of the Peoples Democratic Party, PDP, has accused the State Command of the Nigeria Police Force…