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Enugu Electricity Distribution Company increases tariff by 13%

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EEDC

The Enugu Electricity Distribution Company (EEDC), has said the recent minor electricity tariff adjustment of about 13 per cent reflected current economic realities in the country and was necessary to keep the electricity industry alive.

The Head, Corporate Communications of EEDC, Mr Emeka Ezeh, disclosed this to the News Agency of Nigeria (NAN) in Enugu on Sunday.

The tariff rate for Non-MD customers under R2SB class increased from N58.47 to N66.47 per kilowatt.

Ezeh spoke on the sidelines of complaints by some customers over the surprise increase in tariff per kilowatt they noticed which cuts across all categories of customers within the company’s network franchise area in the South-East.

He said that the minor adjustment, which took effect from Dec. 1, 2022, was approved by the Nigerian Electricity Regulatory Commission (NERC) some months ago across all electricity distribution companies in the country.

According to him, there is a minor adjustment by some percentage across board in the whole electricity distribution companies nationwide currently and it is not peculiar to EEDC alone.

He said: “The minor increase in the rate of tariff approved by NERC is for Electricity Distribution Companies (DisCOs) to meet up with the current economic realities in the power/electricity sector.

“Currently, the sector is seriously affected by the high inflationary rate in the country; as it affects our daily operational maintenance and services to our esteemed customers in our network.

“The issue of high foreign exchange rate is affecting our business too in terms of importing most of our spare parts needed for daily maintenance and repairs in the network.

“The high foreign exchange rate also impact on EEDC ever increasing investment on installations to further expand and fortify the network, leading to the improved services customers are experiencing within the South-East.”

The EEDC spokesman appealed for the understanding of its esteemed customers, adding that if the indices mentioned and other factors “turn positive tomorrow; we belief that NERC will review the tariff downwards”.

“The recent development is for us to remain in business, service our customers better and maintain obligations to other stakeholders within the sector/industry,” he added.

However, customers within EEDC network in Enugu have continued to complain that the increase is already tightening the existing economic hardship.

They were of the view that before now, the high inflationary rate of about 22 per cent, according to the National Bureau of Statistics (NBS), was even affecting how their families feed daily.

Mr Obinna Nwafor, a resident of Achara layout in Enugu, noted that it was terrible that the residents cannot get any economic respite; “as there are so many struggles to survive in the country”.

Nwafor said: “I wish this increase has not come now; so that at least we can have a sector that is relatively stable and not being affected by the nationwide inflationary trend”.

Mr Jude Onyia, a resident of Uwani axis of Enugu metropolis, urged EEDC to consider those in the lower categories of their tariff line and exclude them from the increase.

“It is clear that those of us in the low category of the tariff cannot easily meet up and other alternatives to electricity are quite costly too,” Onyia said.

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1 Comment

1 Comment

  1. Chima Esther

    December 19, 2022 at 2:16 pm

    I think it’s time for EEDC to give us a supply that we can pay, not the one that we the poor cannot afford.

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Business

Alaba traders shut market to collect PVCs

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•Alaba International Market

Traders at the two major markets at the sprawling Lagos International Trade Fair Complex, Balogun and Article markets, yesterday shut their shops to collect Permanent Voter Cards (PVCs).

The measure was a decision by the management of the markets to give traders in the commercial hub the opportunity to get their PVCs at ward areas ahead of the January 29 Independent National Electoral Commission (INEC) deadline.

Those who fail to collect the cards at the ward centre at the expiration of the deadline will have to go to INEC offices in their local government secretariats to collect same.

The News Agency of Nigeria (NAN) reports that the automobile spare parts market within the complex was shut last Saturday for the same purpose.

Spokesman for Balogun Market, Mr. Leo Ogbonna, told NAN that the shops were shut to encourage the traders to collect their PVCS and exercise their franchise on Election Day. (NAN)

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Banks hoarding new Naira notes for next month’s elections – Shehu Sani

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Former lawmaker, Senator Shehu Sani has alleged that banks are hoarding the redesigned Naira notes for politicians in the February elections.

There has been outrage across the country over the scarcity of new notes as banks continue to dispense the old notes despite the approaching deadline.

The Central Bank of Nigeria, which earlier directed that the old notes be phased out on January 31, had urged customers to persuade banks for the new notes.

Less than 11 days to the deadline, customers are yet to access the notes in banks.

Speaking on the matter, Shehu Sani in a tweet on Saturday alleged that politicians are conniving with banks to hoard the new notes for the February election.

According to him, the refusal of the banks to release the notes defeated the ultimate aim of the redesigning.

He wrote, “Banks are hoarding the new currency from the public with the intent of making it available for politicians next month to be able to buy votes.

“The ultimate aim of redesigning the national currency is defeated”.

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21 NNPC depots dysfunctional, pipelines obsolete, vandalised –IPMAN

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Twenty-one depots belonging to the Nigerian National Petroleum Company Limited and meant for the storage of petroleum products, particularly Premium Motor Spirit, popularly called petrol, are dysfunctional.

Saturday PUNCH gathered that the facilities had been redundant, just like Nigeria’s four refineries, which are also under the management of NNPCL.

Oil marketers told our correspondent that the pipelines that supply or evacuate products to the depots were either vandalised or obsolete, stressing that this was why the NNPCL had been employing the services of private depot owners.

The company is the sole importer of petrol in Nigeria, a task it has shouldered for more than four years. Other marketers stopped importing the commodity due to the difficulty in accessing foreign exchange.

The Secretary, Independent Petroleum Marketers Association of Nigeria, Abuja-Suleja, Mohammed Shuaibu, described the situation as precarious.

He said, “We are in a very precarious situation. The government has to wake up to its duties because as you know, none of the four refineries is productive. They are more or less obsolete.

“We also have 21 depots across the country, nine in the North and 12 in the South. But these depots, which are supposed to be storage facilities, are not productive, because the pipelines that supply products to them are old or vandalised.

“So, the only way to get petroleum products into Nigeria today is through imports. That is only done by NNPC and when it imports the product, it dumps them in private depots, which take charge of the products.”

Shuaibu added, “But right now, the private depots have raised the price of products. This is making everyone apprehensive. Those who have paid at the government-approved price might wake up to find out that they can no longer buy products.

“As it is now, all the northern parts of Nigeria have been affected and the depots that are supposed to be the storage facilities do not have products. Everybody now relies on going down south to bring in products.

“And when you go there, you are not even sure of getting it. Some trucks spend weeks on roads before they arrive at their destinations due to the bad road network in Nigeria.”

Speaking further, he said a lot of retail outlets owned by independent marketers had been shut due to a lack of products to sell, giving rise to the activities of black marketers of petrol.

“Many petrol stations have been closed. These outlets were built to sell petroleum products, but when you don’t have the product what do you do? This is why you see black marketers selling petrol in jerrycans everywhere,” Shuaibu added.

The National Public Relations Officer of the association, Chief Ukadike Chinedu, said with the dysfunctional nature of the NNPC depots, some private depots sold the commodity at N210 per litre, whereas the approved NNPC rate was N147 per litre.

Ukadike, however, explained that the charges incurred by these private depots, such as paying rent for vessels in dollars, among others, were factors that led to the hike in the cost of petrol at the depots.

“This is why we are pleading with the government to bring back the depots under the management of the NNPC, so that we can access products at the approved rate,” he stated.

Industry sources disclosed that the concerns in the downstream oil sector had made some persons in the industry profiteer from the lapses, as they urged the NNPC to address the challenges fast.

Meanwhile, officials at the NNPC stated that the vandalism of pipelines that transport and evacuate PMS from depots was the major obstacle to the functionality of the facilities.

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