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Band A Customers Decry Extortion By Power Firms Amid Poor Supply

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Following the approval of 240 per cent tariff increment for Band A customers by the Nigerian Electricity Regulatory Commission, some power consumers in that category are complaining of severe extortion by the various electricity distribution companies in the country amidst worsening power supply.

NERC had on Wednesday announced the tariff increment for Band A power consumers from N68 to N225 per kilowatt-hour with immediate effect.

With the new tariff, the regulator said the subsidy on electricity had been withdrawn completely from the Band A consumers, who constitute about 15 per cent of the total number of power users across the country.

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At a press briefing in Abuja on Friday, the Minister of Power, Adebayo Adelabu, insisted that the Federal Government would continue with the new tariff regime for Band A consumers despite calls for its reversal.

He said this was because the government could no longer continue paying humongous sums as power subsidy, stressing that subsidy on electricity for 2024 would cost the government about N2.9tn.

READ ALSO: New Tariff: Discos Get Deadline To Refund Customers Wrongly Billed

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But in a flurry of reactions to the development via their X handles on Saturday, some customers lamented that despite paying exorbitantly for electricity following the tariff hike, they were experiencing poor supply in their different neighbourhoods across the country.

This is just as some Nigerians in Bands B, C, D, and E alleged that they were now being made to pay N225/KWh by the Discos instead of their old tariffs after the distribution companies upgraded their payment platforms to reflect the Band A tariff increment.

An X user identified as Heybeedo @Fadodunabayomi, stated, “My environment was listed among Band A, but we have never used a 20-hour electricity supply per day. As I am typing, there has been no light since around 1am in the early hours of today (Saturday). Who will pay for the shortfall in their supply? A lot needs to be clarified.”

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Kaduna-based Tariq Abdulazeez @tariqq2 wrote, “The Kaduna Disco has failed to comply with the new regulations thereby upgrading 80 per cent of its customers to band A. We barely get 8hrs power supply.”

READ ALSO: FULL LIST: Obasanjo Farm, 27 Feeders Downgraded From Band A To E Under IBEDC

@OlaosunSina posted, “IKEDC claims OPIC in Isheri-North belongs to Band A and immediately implemented N225 per KwH. N50,000 energy (VAT inclusive) purchased yesterday (Thursday) gave 207 KwH Units. Light was taken since 9.34am today (Friday) 5th April and as of 3.37pm yet to come. This is a pure SCAM!”

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Vivo Val also tweeted, “Though I am on Band B, IKEDC gave me 82 units for N20,000.”

One Michael Ifeanyi posted on the platform, “Please NERC, ask Enugu Electricity Distribution Companies to downgrade Centenary Estate Enugu to band C we hardly enjoy 10 hours light. They are charging us for band A.”

One Bolaji @bolsaid said, “I am on Band A and have not had up to 20hrs supply in the last five days, from Easter Monday till now. NERCNG, FCCPC Nigeria,” while @Otyjonah wrote, “My environment is under Band A even though the Disco has refused to issue us a prepaid meter. I have seen power supply since 11pm on d 4th of April. Today is 6th and there is no single hour of light in almost 48hrs. Will I be made to pay for the darkness at the end of the month @NERCNG?”

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READ ALSO: New Electricity Tariff: Full List Of Eko Electric 21 Band A Areas

Lere Ojedokun @doklere said, “There is so much secrecy and loopholes in the electricity ecosystem which investors and players exploit to milk electricity consumers. This is why we will continue to be at their mercy.”

Oluwakemi @tykeemon said, “Are there really any Band A users in Nigeria? Are we joking? I get less than eight hours of electricity supply daily and I have been fraudulently classified as a Band A user. @NERCNG, you are not a regulator but an accomplice to rip off.”

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Isaac Emalunegbe said, “We in Calabar around the Akai Effa axis suffer from your Disco staff here. They will tell us we are in Band A and we get supple less than those in Band C and at the end of every month they will issue exorbitant bill. I was a victim in 2021.”

 

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Oil Prices Drop After Iran Reopens Strait Of Hormuz

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Global oil prices dropped sharply on Friday after Iran signalled that the Strait of Hormuz would remain open to commercial shipping during a temporary ceasefire in the Middle East.

Benchmark crude prices fell by more than 10 per cent, with West Texas Intermediate (WTI) slipping below $85 per barrel, while Brent crude declined to about $89 per barrel.

The decline follows comments by Iran’s Foreign Minister, Abbas Araghchi, who said commercial vessels would be allowed to transit the strait for the duration of a 10-day ceasefire involving Israel and Lebanon.

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The truce, which began on Thursday, is reported to include the Iran-backed group Hezbollah.

READ ALSO:Crude Oil Prices Jump As Fear Mounts On Fresh Domestic Petrol Hike In Nigeria

Oil prices had surged above $100 per barrel in recent weeks amid heightened tensions in the region, with WTI reaching nearly $113 per barrel earlier this month and Brent climbing above $119 in late March.

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Analysts say the reopening of the key shipping route has eased supply concerns in global energy markets.

Brian Therien, a senior investment strategist at Edward Jones, noted that oil futures are now trending lower, with projections suggesting prices could fall to the low $70 range by the end of the year. He added that a sustained drop in prices could help reduce inflationary pressures globally.

The Strait of Hormuz, which links the Persian Gulf to the Arabian Sea, is one of the world’s most critical oil transit routes, accounting for roughly one-fifth of global oil and liquefied natural gas shipments.

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READ ALSO:JUST IN: Trump Orders US Naval Blockade Of Strait Of Hormuz

Shipping through the passage had been disrupted during the conflict due to security concerns, including threats of attacks and the presence of naval mines.

An Iranian official told Reuters that vessels moving through the strait during the ceasefire would be required to use designated safe lanes approved by Iranian authorities, while military ships would not be permitted to pass.

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Despite the announcement, some shipping firms remain cautious. German carrier Hapag-Lloyd said it is still reviewing the situation before resuming operations in the area.

Meanwhile, Knut Arild Hareide of the Norwegian Shipowners’ Association welcomed the development but warned that uncertainties remain, particularly regarding maritime safety, operational guidelines, and the potential risks posed by unexploded sea mines.

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You Can’t Go To US With Good Feelings Since Trump Returned To Power – Sports Legend

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Germany legend, Oliver Kahn, has insisted that one cannot go to the United States with ‘good feelings’ since President Donald Trump returned to the Presidency.

Kahn stated this while speaking to Sky Sport Germany about the upcoming World Cup, which is to be held in the US, Mexico and Canada.

According to the former Bayern Munich goalkeeper, there are so many things happening in the US at the moment that are no longer compatible with ‘values’.

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READ ALSO:Trump Tired Of War In Iran – Shehu Sani

There are simply so many things happening in the USA right now that are no longer compatible with our understanding of values,” Kahn said.

One example was the war, but I don’t want to list everything Donald Trump has been doing there since he returned to the presidency.

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“You can’t go there with a good feeling at the moment.”

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Trump Bows To Pressure, Deletes Post Depicting Self As Jesus

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United States President, Donald Trump, has deleted a social media post that appeared to portray him as Jesus, following backlash and rising tensions with Pope Leo XIV over the Iran war.

The image, shared on Truth Social late Sunday, showed Trump as a Christ-like figure healing the sick, surrounded by American flags and eagles.

The post came shortly after the president criticised the pope for opposing the war with Iran.

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By Monday morning, the image had been removed from his account. A previous link to the post now leads to a notice stating the “content is no longer available.”

READ ALSO:JUST IN: Trump Orders US Naval Blockade Of Strait Of Hormuz

Speaking later at the White House, Trump denied the interpretation of the image and said he believed it depicted him differently.

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I did post it, and I thought it was me as a doctor, and had to do with the Red Cross,” he told reporters at the White House.

He dismissed claims that the image portrayed him as Jesus, blaming the media for the narrative.

“Only the fake news” could come up with the idea that it depicted him as Jesus.

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READ ALSO:I Have To Be Involved In Choosing Iran’s Next Leader – Trump

“I just heard about it, and I said, ‘How did they come up with that?’ It’s supposed to be me as a doctor making people better. And I do make people better,” he said.

The development comes amid an ongoing public disagreement between Trump and Pope Leo XIV over the Iran war.

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The pope said Monday he has “no fear of the Trump administration” and would continue to speak out, despite criticism from the president, who described his stance as “terrible for foreign policy.”

Leo, the first American pope, has intensified his criticism of the war in recent days, condemning Trump’s remarks about the Iranian people as “truly unacceptable.”

(CNN)

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