News
Consumers Network flays incessant national grid collapse
Kunle Olubiyo, the president of the Nigerian Consumer Protection Network (NCPN), has criticized the frequent collapses of the national grid and called for urgent intervention. He made this statement on Tuesday, attributing the issue to outdated Critical Grid Equipment/National Power Grid Infrastructure and failures in various layers of system protective devices.
Olubiyo proposed solutions, suggesting that the Nigerian electricity grid value chain could benefit from increased investment in Grid Automation and timely payment of gas debts to alleviate gas-related constraints. He also emphasized the importance of removing illegal structures erected under Transmission Network Towers and clearing all illegal structures along the Grid Network Right of Way to enhance the National Power Grid’s efficiency.
He stressed the need to address Low Gas Pressure by ensuring upfront payments of gas debts, which would incentivize full gas pressure and eliminate issues related to low gas pressure.
Recent reports from DAILY POST indicate that parts of Nigeria experienced a blackout three days ago due to a national grid collapse. However, the Transmission Company of Nigeria managed to restore power within hours.
This incident follows the Nigerian government’s attribution of reduced power supply in some areas to gas constraints faced by generation companies. Minister of Power, Adebayo Adelabu, urged Nigerians to be patient as efforts were made to address challenges in the power sector. As a result, Adelabu established a committee to tackle persistent power blackouts.
It is worth noting that Nigeria’s national grid has collapsed 46 times in the past six years, as reported by DAILY POST.
Benson Upah, spokesperson for the Nigeria Labour Congress (NLC), has cautioned that Nigerians might eventually face petrol prices of N5,000 per litre.
In an interview with Weekend Trust, Upah criticized the recent increase in fuel pump prices and argued that it contradicts the agreement previously made between the NLC and President Bola Tinubu’s administration.
He asserted that the Federal Government’s claims of restoring the fuel subsidy are untrue.
Upah remarked, “The subsidy was never reinstated as they have stated. So, what justifies the rise in pump prices from N650 to N1,500 or even N2,000?
“This situation suggests that we might not have seen the worst yet. There is a possibility that fuel prices could reach N5,000 per litre. We hope it doesn’t come to that, but if it does, it will be up to Nigerians to make the decision.”
The Nigerian Education Loan Fund (NELFUND) has announced the receipt of a two million Naira bank draft from Adegboyega Awomolo, SAN, a former student loan beneficiary.
This information was disclosed in a statement by Monalisa Dike from the Corporate Communications Department of NELFUND on Friday in Abuja.
Dike noted that Awomolo had received the loan during his undergraduate studies at the University of Ife (now Obafemi Awolowo University) from 1975 to 1977.
She mentioned that Awomolo had fully repaid the loan, showing his strong commitment to the country.
“The original loan amount was N1,000 for two academic sessions, which played a crucial role in his completion of the law degree.
“Although Awomolo had attempted to repay the loan several times over the years, he was only able to settle it now.
“In his letter to NELFUND’s Managing Director, Mr. Akintunde Sawyerr, Awomolo expressed his appreciation for the student loan opportunity provided by the Nigerian government,” Dike said.
She added that Awomolo praised the transparency and accountability NELFUND has shown in managing student loans.
Dike emphasized that Awomolo’s repayment highlights the enduring impact of President Bola Tinubu’s initiative and NELFUND’s continued importance in supporting Nigerian students.
She also mentioned that the repaid funds will be used to support the education of current students in need of loans.
The Niger Delta Development Commission (NDDC) has issued a warning to the public about scammers pretending to represent the NDDC Youth Internship Scheme.
The NDDC also noted that registration for the scheme ended on August 31, 2024.
This information was released in a statement on Friday by Seledi Thompson-Wakama, Director of Corporate Affairs at the commission, and shared with DAILY POST.
The statement reads, in part: “We have received reports of individuals receiving unsolicited messages claiming they have been selected for the NDDC Internship Scheme, which includes requests for personal information and an acceptance fee.
“The NDDC does not charge any fees for placing qualified youths in its internship programme. We want to make it clear that these fraudulent selection messages are not affiliated with the NDDC.
“Any official communication from us will only come through our verified websites and social media channels. If you receive a message like this, please ignore it and report it to the relevant authorities. Your safety and privacy are our top priorities.
“For genuine inquiries about our empowerment programs, please contact us directly through our official channels.”
-
Sports6 months agoAnthony Joshua to face winner of Tyson Fury vs Oleksandr Usyk
-
News3 years agoAvram Grant: Former Chelsea Coach Accused Of Sexual Harassment
-
News5 months agoNaira appreciates to N1,000 per dollar at FX black market
-
News4 months agoKing Charles III returns to public duties after cancer treatment
-
News1 year agoTinubu Appoints Akume SGF, Confirms Gbajabiamila CoS
-
News1 year agoSenate Presidency: North-Central Lawmakers Reject APC Consensus List
-
Politics2 years agoTinubu Campaign Group DG, Abdulmumin Jibrin, Dumps APC
-
News1 year agoNBC Has No Powers to Fine Broadcast Stations, Court Rules