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Presidency clarifies statement on proposed electricity tariff increase

The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, has provided clarification on her recent comments about the projected hike in Nigeria’s electricity rates.

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According to Verheijen, who was mentioned in a story on January 30, power prices in Nigeria should increase by roughly 66% for many consumers in order to more accurately reflect the true cost of providing electricity.

The special adviser also emphasised that in order to support less-affluent Nigerians, any increase in electricity rates must be carefully balanced with subsidies.

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However, in a statement issued on Monday, Verheijen stated that her comments had been “misrepresented.” She clarified that, following the 2024 Band A tariff increase, current electricity tariffs now cover approximately 65% of the supply cost, with the government continuing to subsidize the remaining 35% to help bridge the gap.

“I highlighted the fact that, following the increase in Band A tariffs in 2024, current tariffs now cover approximately 65 percent of the actual cost of supplying electricity, with the Federal government continuing to subsidize the difference,” she stated.

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“Also, while the government is indeed committed to ensuring fairer pricing over the long term, the immediate focus is on taking decisive action to deliver more electricity to Nigerians, ensure fewer outages, and guarantee the protection of the poorest and most vulnerable Nigerians.

“One of the most significant steps in this reform is the Presidential Metering Initiative, which is accelerating the nationwide rollout of 7 million prepaid meters, starting this year,” she said.

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“This will finally put an end to the practice of estimated billing, giving consumers confidence in what they are paying for and ensuring transparency in electricity charges.

“Metering will also improve revenue collection across the sector and will attract the investments needed to strengthen Nigeria’s power infrastructure.

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“Targeted Electricity Subsidies: Today, the Federal government spends over ₦200 billion per month on electricity subsidies, but much of this support benefits the wealthiest 25 percent of Nigerians rather than those who truly need assistance.

“To address this, the Federal government is working towards a targeted subsidy system to ensure that low-income households receive the most support.

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“This approach will make electricity more affordable and accessible for millions of hardworking families.

“Settlement of Legacy Power Debt: Furthermore, the Federal government is addressing one of the major roadblocks to improved service, the mounting debts owed to power generation companies.

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“For years, these debts have prevented investments in new infrastructure and hampered efforts to improve electricity supply.

“By clearing these outstanding obligations, the government is ensuring that power companies can reinvest in better service delivery, stronger infrastructure, and a more stable electricity supply for all Nigerians.

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“Reducing Costs for Alternative Power Generation: Through a range of fiscal incentives, including VAT and Customs Duty Waivers, the Federal Government is working to lower the cost of alternative power sources such as Compressed Natural Gas and Liquified Petroleum Gas.”

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Governor, Emir, over 3 million crowd gather for Sheikh Ibrahim Nyass’ Maulud

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Governor, Emir, over 3 million crowd gather for Sheikh Ibrahim Nyass’ Maulud

An estimated 3 million followers of Tijaniyya Islamic Sect from within and outside the country, on Saturday, converged on Katsina for the celebration of Sheikh Ibrahim Nyass’ Maulud, 2026.

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The News Agency of Nigeria (NAN) reports that the event which took place at Muhammad Dikko Stadium, Katsina, was organised by the “Majma’u Ahbab Sheikh Ibrahim Nyass”.

The Chairman, organising committee, Sheikh Muhammad Hadi-Balarabe, said that they anticipated about 4 million guests from the 36 states and the Federal Capital Territory (FCT), as well as West and North African countries.

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NAN gathered that almost all hotel rooms in Katsina metropolis were occupied by those who came from far places, the situation made some residents to provide their unoccupied houses for their visitors as a demonstration of hospitality.

Those who could not afford to lodge in hotel rooms slept in the stadium in spite of the cold weather.

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Before 9a.m. of Saturday, the stadium had already filled to capacity, both the seats and pitch were occupied by people, while all available surrounding spaces inside the stadium were later occupied by people.

The dual carriage road linking to the venue from the WTC roundabout up to Barhin roundabout was filled up by people.

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NAN also observed that the event presented opportunities for traders, especially those selling food, water, soft drinks, herbal medicine, clothing materials, books, among others to make brisk businesses.

Addressing the gathering, Sheikh Ibrahim Dahiru-Bauchi, thanked the Katsina State Government for hosting the historic event and prayed Allah to bring lasting peace, stability and prosperity to the state, Northern Nigeria and the country in general.

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In his remarks, the Emir of Kano, Alhaji Muhammad Sanusi II, urged Muslims to continue to stand firm in obeying the commandments of their creator.

He advised them to intensify efforts in seeking Allah’s forgiveness, follow the footsteps of the Prophet Muhammad (Peace Be Upon Him), endeavour to seek for knowledge, and engage in business activities to become self reliant.

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Gov. Dikko Radda of Katsina, thanked the organisers for choosing his state to host the 2026 Maulud.

He appreciated the scholars for offerings prayers for peace and stability in the state and the country at large.

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Radda revealed that with such prayers, peace was gradually returning to the state and urged them to sustain the prayers for the overall betterment of the state and Nigeria.

Sheikh Ibrahim Nyass’ eldest son, Sheikh Mahi Ibrahim-Nyass, represented by his younger brother, Sheikh Muhammad Ibrahim-Nyass, prayed Allah to repose the soul of the revered Islamic scholar, Sheikh Dahiru Usman-Bauchi, who passed away some months ago.

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He urged the Muslims across the globe to continue to be united, love one-another and uphold the sect firmly.

A special prayer was also offered for Katsina, Nigeria and the leaders. (NAN)

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Expatriate kidnapped as Police officer is shot dead by suspected gunmen

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Expatriate kidnapped as Police officer is shot dead by suspected gunmen

Unknown gunmen on Saturday invaded Aqua Triton Company in Ogunmakin, near Ibadan, abducting an expatriate and killing a police officer attached to him.

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The Police Public Relations Officer, DSP Ayanlade Olayinka, confirmed the incident in a statement made available to journalists in Ibadan.

Olayinka said the police officer was killed while repelling the attack, adding that some of the abductors sustained gunshot injuries.

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“There was an attack at Aqua Triton Company in Ogunmakin, near Ibadan, where unidentified gunmen stormed the facility in a commando-style operation.

“One police officer tragically died while repelling the attack, injuring some assailants, and the Chinese expatriate principal was abducted,” Olayinka added.

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He said the Commissioner of Police, Femi Haruna, ordered the Assistant Commissioner in charge of Operations to lead anti-kidnapping and tactical teams to the scene.

According to him, bush-combing operations are ongoing, while investigations continue to rescue the victim and arrest those responsible. (NAN)

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President Tinubu returns to Nigeria after Abu Dhabi outing

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President Tinubu returns to Nigeria after Abu Dhabi outing

President Bola Tinubu has returned to Nigeria after participating in the 2026 Abu Dhabi Sustainability Week (ADSW 2026).

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Presidential spokesperson, Mr Bayo Onanuga, disclosed this in a statement issued on Saturday in Abuja.

The president attended the summit alongside some members of his cabinet.

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On the sidelines of the summit, Nigeria signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE).

The agreement is aimed at deepening economic cooperation, boosting bilateral trade and investment, and enhancing technology transfer.

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It will also expand collaboration in key sectors, including energy, infrastructure, agriculture, mining and renewable energy.

In his address at the summit, Tinubu announced that Nigeria and the UAE would jointly host INVESTOPIA in Lagos in February.

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The initiative is designed to attract global investors and accelerate sustainable investment inflows into Nigeria.

Tinubu also said Nigeria targets mobilising up to $30 billion annually in climate and green industrial finance.

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He said the funds would support energy transition reforms and expand nationwide access to electricity. (NAN)

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