Connect with us

Business

Electricity Consumers Seek Scrapping Of N750 Fixed Charge

Published

on

Some Electricity Consumers in the Federal Capital Territory (FCT) yestersday called for the scrapping of the monthly N750 fixed charge being charged by electricity distribution companies.
The consumers told newsmen that it would amount to exploitation if the companies continued to retain the charge when services were not delivered.
A businessman, Mr Chukwuemeka Echem, who described the charge as mere exploitation of electricity consumers in the country, said it should be abolished.
He said that it was out of place for consumers to pay the monthly fixed charge after paying the monthly bill.
“Why the N750 fixed charge when consumers will have to pay their monthly bills?”
A Kuje Area Council resident, Mr Prince Aduche, said that the regulatory body should stop the payment of fixed charge on electricity until power supply was stable in the country.
According to him, consumers should not be the ones to bear the operational cost of electricity distribution companies.
“Paying a fixed charge on electricity is like ripping one off. It is like stealing from you. We know we are not enjoying stable power supply in Nigeria.
“If the regulatory body knows what it is doing, it should scrap the fixed charge since Nigerians are not enjoying stable power supply,” he said.
A legal practitioner, Mr Mike Isibor, said that the fixed charge should be stopped because electricity consumers were not enjoying stable electricity supply.
According to him, the policy of 15 days of grace for electricity consumers was populist in nature and only meant to assuage consumers.
The 15-day policy of Nigeria Electricity Regulatory Commission (NERC) stipulates that electricity consumers without power supply for 15 consecutive days are not liable to pay the fixed tariff.
Isibor said that his area had not experienced continuous power failure for 15 days to benefit from the policy.
He noted that the 15 days should be reduced to protect consumers’ interest.
A civil servant, Mrs Maria Adelabu, said she was not benefiting from the 15 days policy as the fixed charge was still being reflected on her bill.
“We are not benefitting from it because we still pay even when there is no light for 15 days,” she said.
She noted that the only solution to the problem was to scrap the fixed charge policy.
Another civil servant, Miss Obi Chioma, said that in spite of several complaints to officials of the distribution company, she still paid the monthly fixed charge.
Chioma said that the regulatory body should create more awareness on the policy if it insisted on retaining it.

Flashback: National President, Nigeria Labour Congress (NLC), Comrade Abdulwaheed Omar (middle), with former National President of NUPPPPROW, Comrade Danjuma Papa Kunini (left) and representative of the former Minister of Labour and Productivity, Mr. D. Monyei, during the 14th national quadrennial delegates conference in Calabar, recently. Photo: Nwiueh Donatus Ken

Flashback: National President, Nigeria Labour Congress (NLC), Comrade Abdulwaheed Omar (middle), with former National President of NUPPPPROW, Comrade Danjuma Papa Kunini (left) and representative of the former Minister of Labour and Productivity, Mr. D. Monyei, during the 14th national quadrennial delegates conference in Calabar, recently. Photo: Nwiueh Donatus Ken

Continue Reading

Business

IPMAN Raises Concern Over Delay In Chinese Refinery Deal …Predicts Lower Fuel Prices Through Competition

Published

on

The Eastern Zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum Company Limited (NNPCL) to fast-track the conclusion of the proposed Technical Equity Partnership with two Chinese firms.
IPMAN made the appeal amid growing concerns over the delay in finalising the agreement initiated through the signing of a Memorandum of Understanding (MoU) on April 30, 2026, between NNPCL and Sanjiang Chemical Company Limited as well as Xinganchen (Fuzhou) Industrial Park Operation and Management Company Limited.
It said the proposed arrangement was designed to revive and expand operations at the Warri and Port Harcourt refineries, noting that successful implementation would strengthen the downstream petroleum sector and restore confidence in Nigeria’s oil and gas industry.
The former Unit Chairman and current Zonal Secretary of IPMAN, Eastern Zone (System 2E), Comrade Inimgba Emmanuel Okubowei, made the call in a statement issued by the union after the Good Governance Summit organised by the Working People United (WOPU) in Abuja, and obtained by TheTide in Port Harcourt, at the weekend.
Okubowei expressed concern over the continued hardship faced by Nigerians due to the high cost of Premium Motor Spirit (PMS), stressing that households and businesses were increasingly burdened by rising energy costs.
Okubowei stated that fuel prices would naturally decline once the Chinese partners commence full operations at the refineries, explaining that increased refining capacity and a more competitive market environment would positively influence pump prices.
The unionist further noted that the partnership would attract fresh investment, improve domestic refining output, increase petroleum product availability and create a more stable operational environment for industry stakeholders.
He maintained that healthy competition remains one of the most effective mechanisms for achieving fair pricing in the downstream petroleum industry and protecting consumers from avoidable price pressures.
The IPMAN official further argued that the entry of additional technically competent operators into the refining space would discourage monopolistic tendencies, improve operational efficiency and guarantee a more stable supply of petroleum products across the country.
He, therefore, appealed to the Group Chief Executive Officer of NNPCL, Engr. Bashir Bayo Ojulari, and the management of the company to accelerate all outstanding processes required for the successful execution of the Technical Equity Partnership.
Okubowei also called on the NNPCL leadership to publicly explain the reasons behind the prolonged delay and provide Nigerians with a definite timeline for the commencement of the project.
He emphasised that transparency, accountability and timely communication would strengthen public confidence in the initiative, adding that prompt execution of the agreement would enhance Nigeria’s energy security, create employment opportunities, stimulate economic growth and provide lasting relief to millions of Nigerians through more affordable petroleum products.
King Onunwor
Continue Reading

Business

Gas Economy: Decade of Gas, Pi-CNG/ EV Deepen Media Engagement

Published

on

Poised to achieving an in-depth understanding of the Nigeria’s gas economy by it’s populace, the Decade of Gas Secretariat, in collaboration with the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV), has deepened media capacity engagement across the country.
The media session, third in its series, and held at the Hotel President, Port Harcourt, recently, brought together 30 journalists from the television, radio, print, and digital media platforms to deepen their understanding of Nigeria’s gas development agenda and further enhance their reportage on the role of gas in driving economic growth, energy security, industrialization, job creation, and improved living standards.
Speaking during the session, the representative,  Decade of Gas Secretariat,Taofeek Balogun , noted that the port Harcourt engagement followed two earlier sessions held in Lagos and Abuja, a move that began in 2025.
According to him, Nigeria’s gas sector continues to record significant progress, with year-to-date gas production reaching 7.85 billion standard cubic feet per day (bcfd).
Domestic gas utilization has surpassed the 2 bcfd mark, while gas exports have risen to their highest level in five years, reflecting growing demand across power generation, industries, transportation, exports, and household consumption.
Balogun emphasised the successful completion of the Obiafu-Obrikom-Oben (OB3) River Niger Crossing by NGIC/NNPCL, describing it as a critical infrastructure milestone that would improve gas transportation across the country, support industrial growth, attract investment, strengthen energy security, and contribute to economic development.
As part of efforts to expand domestic gas utilization, he reiterated the Federal Government’s commitment to increasing access to clean cooking solutions. The government’s target is to distribute cooking gas cylinders to five million households by 2030.
Following the successful rollout of the programme across the six geopolitical zones by the Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, implementation would now move to the state level, beginning with Bayelsa State in July 2026.
Under the initiative, Balogun said, 27,000 households in Bayelsa are expected to receive cooking gas cylinders within the year as part of the 1(one) million homes per year target.
Also speaking, the Chief Operating Officer of Pi-CNG & EV, Tosin Coker, highlighted ongoing efforts to expand the adoption of Compressed Natural Gas (CNG) and electric mobility solutions as cleaner and more affordable transportation alternatives for Nigerians.
He disclosed that the Federal Government is promoting the adoption of CNG across Ministries, Departments and Agencies (MDAs) through the conversion of existing vehicle fleets and the procurement of CNG-powered vehicles as part of broader efforts to reduce transportation costs and improve energy efficiency.
Coker said “more than 100,000 vehicles have now been converted to CNG nationwide under the initiative, reflecting growing acceptance of alternative fuel solutions and supporting the country’s transition towards cleaner and more sustainable transportation”.
Participants commended the initiative for strengthening media capacity and improving public understanding of developments within Nigeria’s energy sector.
The Decade of Gas Secretariat and Pi-CNG & EV further reaffirmed their commitment to sustained stakeholder engagement and public awareness as Nigeria continues its journey towards a gas-powered economy.
Continue Reading

Business

Group Seeks Media Partnership To Enhance Business Growth

Published

on

The Chief Executive Officer of Kefa Communication, Mr. Obihele Victor Amos, has called for stronger collaboration between business organisations and media institutions to enhance business growth, economic expansion and wider public engagement across communities.
Amos made the call during a press briefing in Port Harcourt at the weekend.
He emphasised that strategic media partnership remains critical to improving visibility for businesses and attracting investment opportunities.
According to him, the media occupies a central position in shaping public perception and creating awareness that can support enterprise development and economic sustainability.
He also noted that, many emerging businesses continue to face growth limitations due to insufficient publicity and inadequate access to effective communication channels.
“Stronger engagement with the media would help bridge information gaps and create better connections between businesses and potential customers”, he said.
The CEO further stated that responsible and developmental journalism could play a significant role in promoting innovation and encouraging healthy competition within the business environment.
He stressed that beyond informing the public, the media serves as a platform for influencing policies and encouraging stakeholder participation in economic development.
Amos further disclosed the group is committed to building relationships with media organisations through continuous engagement and collaborative initiatives.
He said such partnerships would create opportunities for entrepreneurs and support efforts aimed at expanding market access.
The business leader also urged media practitioners to sustain professionalism and continue highlighting stories that promote enterprise and national development.
He expressed confidence that improved synergy between the media and the business community would contribute to employment generation and economic resilience.
Some participants at the briefing described the initiative as a welcome development capable of strengthening public understanding of business opportunities.
There were also calls for sustained cooperation among stakeholders to drive inclusive business growth and long-term development.
King Onunwor
Continue Reading

Trending