Business
Stakeholders Tackle Govt Over Electricity Tariff Increase

Following instability in power supply and alleged plan to increase electricity tariff, some stakeholders have called on the Federal Government to jettison the idea, describing the plan as exploitative.
The stakeholders in separate interactions with The Tide said that the Federal Government and the Nigerian Electricity Regulatory Commission (NERC) were insensitive to the cry of Nigerian populace.
According to them, the alleged plan to increase electricity tariff is to make power supply unaffordable for an average Nigerian.
A small scale industrialist and a member of the Lagos Chambers of Commerce and Industry, Otunba Femi Abayomi, said any plan to increase electricity tariff would undermine development objectives and welfare of the citizenry.
He cautioned against absolute commercialisation of electricity and other basic economic and social infrastructural facilities in the country.
According to him, the important issue to address is the creation of the right institutional framework for the delivery of electricity to the people.
He said such institution should be totally insulated from the public service bureaucracy and meddlesomeness by the political class.
“The management component of the problem of infrastructure delivery is much bigger than the challenge of resource adequacy. We need structures that will be managed by technocrats, and not bureaucrats or politicians.
“ We need institutions that are credible and that will command the confidence of the populace. Institutional credibility is crucial and paramount for any meaningful reforms”, he said.
Speaking in the same vein, a community leader in Akpor Kingdom, Chief BenardWuchie, said all the pronouncements on electricity tariff increase were not only incoherent, but also misleading.
“Some weeks ago, the pronouncement on review of tariff came from the Nigerian Electricity Regulatory Commission. Nigerians were informed of a proposal to review electricity tariffs, and shortly after that, there was another statement on the contrary.
By: Corlins Walter
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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