General
FG Denies Plans to Increase Electricity Tariffs by 65%
By Adedapo Adesanya
The Nigerian government has denied reports of an imminent 65 per cent increase in electricity tariffs, clarifying that the claim was a misrepresentation of recent statements on power sector reforms.
Bloomberg reported on Monday that electricity tariffs to reflect the actual cost of production, some Nigerians might need to pay over 65 per cent of what they are currently paying for a kilowatt/hour of electricity.
“Nigeria’s power prices need to rise by about two-thirds for many customers to reflect the cost of supplying it,” Bloomberg quoted the Special Adviser to President Bola Tinubu on Energy, Ms Olu Verheijen, yesterday.
Ms Verheijen took to her official X handle to clarify that she was misquoted out of context by Bloomberg, noting that while there was an adjustment in Band A tariffs in 2024, the new rates only cover 65 per cent of the actual cost of electricity supply, with the government continuing to subsidize the difference.
“The immediate focus of the government is not tariff hikes but delivering more electricity to Nigerians, reducing outages, and protecting the poorest and most vulnerable citizens,” Ms Verheijen said.
The President’s adviser revealed that the government spends over N200 billion monthly on electricity subsidies, but much of this support benefits the wealthiest 25 per cent of Nigerians rather than those who truly need assistance.
“To correct this imbalance, the government is working on a targeted subsidy system that will prioritize low-income households and ensure electricity remains affordable for millions of hardworking Nigerians,” she stated.
She also disclosed that as part of ongoing reforms, the Presidential Metering Initiative will roll out 7 million prepaid meters starting this year, aiming to eliminate estimated billing and ensure transparency in electricity charges.
“With this initiative, Nigerians will only pay for the electricity they consume, reducing complaints about unfair billing while improving revenue collection and attracting investments to strengthen the power sector.
“The government is also addressing the mounting debts owed to power generation companies, which have hindered investment in new infrastructure and disrupted power supply.
“By settling these obligations, we are ensuring that power companies can reinvest in better service delivery, improve infrastructure, and provide a more stable electricity supply for all Nigerians,” Verheijen emphasized.
In addition, the government is implementing fiscal incentives, including VAT and Customs Duty Waivers, to reduce the cost of Compressed Natural Gas, CNG, and Liquefied Petroleum Gas, LPG, as alternative power sources.
Ms Verheijen assured Nigerians that the government remains committed to reforms that will enhance service delivery, expand electricity access, and improve affordability, rather than imposing sudden tariff increases.
“Our focus is on eliminating unfair estimated billing, ensuring subsidies benefit those who truly need them, and creating the conditions for stable, affordable electricity for all,” she said.
By Adedapo Adesanya
This appeal was contained in a statement by ALTON Chairman, Mr Gbenga Adebayo, and the Publicity Secretary, Mr Damian Udeh, in Lagos, which warned that these criminal acts posed a serious threat to the stability of national communication systems.
He explained that despite ongoing investment in network upgrades, the vandalism was severely disrupting services and setting back progress.
“We are seeing a troubling rise in the destruction and theft of infrastructure, which supports our digital economy, security systems, and national communication grid,” he said.
It noted that between May and July 2025, vandalism incidents affected telecoms sites in Rivers, Ogun, Osun, Imo, Kogi, Ekiti, Lagos, and the Federal Capital Territory.
“These criminal acts have caused widespread blackouts, disrupted services, and negatively affected millions of telecoms users across Nigeria,” Mr Adebayo added.
Some stolen items include power cables, rectifiers, fibre optic cables, diesel generators, batteries, and solar power systems.
Mr Adebayo pointed out that telecoms infrastructure is classified as Critical National Infrastructure (CNI), according to Gazette No. 133, Volume 108, dated March 17, 2021.
He said vandalism, sabotage, and illegal handling of such infrastructure are grave offences under national security laws.
Mr Adebayo also expressed concern about the growing market for stolen telecoms components across the country, urging “the public to stay alert and avoid buying questionable items,” and warning that, “Buying stolen goods makes one an accomplice in the crime.”
He also highlighted the damage being done to underground fibre cables during road construction, which causes major outages and financial losses.
Mr Adebayo also called on top security bodies including ONSA, the Inspector General of Police, and the DSS Director General to act swiftly.
The association praised the Nigerian Communications Commission (NCC) for launching a reporting platform via [email protected] or the number 622.
“This is an urgent national emergency. The industry cannot fight this alone,” Adebayo stressed.
He called for united action from all stakeholders — security forces, governments, regulators, media, civil society, and citizens.
“Our national security and digital future are at stake. The time for action is now,” he said.
By Adedapo Adesanya
The Mayor of London, Mr Sadiq Khan, has called for the deepening of UK-Nigeria ties across critical sectors like technology, creatives and trade, following a just-concluded visit to Lagos, Nigeria’s commercial hub.
This visit marked the first official trip by a sitting Mayor of London to sub-Saharan Africa, underscoring London’s commitment to building long-term, cross-sector partnerships that support inclusive growth, digital transformation, and cultural exchange.
According to a new release, the UK government said the visit marked the growing importance of Nigeria as a key partner in the UK’s global trade and investment strategy, particularly in sectors such as fintech, innovation, and the creative economy, and the global influence of two dynamic cities – London and Lagos.
Alongside the visit, the Mayor of London led a trade delegation of 27 London-based companies in fintech, enterprise technology, and sustainability, supported by the Mayor’s growth agency, London & Partners.
“I am delighted to be visiting Nigeria and Africa this week – the first visit of its kind by a Mayor of London – to bang the drum for the capital and further develop the strong ties between our countries.
“Africa has the world’s fastest-growing population and is seeing major economic growth across many of its economies. Over the next decade, there are huge opportunities to deepen partnerships with London. I will be working tirelessly throughout this visit to drive trade and investment across critical sectors including finance, education, health, tech, creative and sustainability,” he said.
“Londoners of African heritage have played, and continue to play, a huge role in making London the greatest city in the world, and this trip is an opportunity to celebrate our shared heritage, history and culture with the African continent – as we build a better and fairer city for everyone,” he added
Under the leadership of Mr Howard Dawber, Deputy Mayor for Business and Growth, the agency facilitated a series of high-level engagements in Nigeria. The delegation connected with Nigerian policymakers, investors, and creatives through curated events aimed at fostering collaboration and unlocking new business opportunities across Africa.
Mayor Khan’s engagements in Lagos commenced with participation in a panel discussion at the Bridging Borders: How London and Lagos Can Shape the Future of Global Tech event, where he highlighted how London and Lagos can jointly shape the future of global innovation and encouraged Nigerian tech businesses to invest in London.
He also attended the Lagos Canvas Reception, a celebration of Nigeria’s flourishing creative sector, which he co-hosted with Mo Abudu at the Ebony Life Place.
The reception celebrated the status of Lagos and London as cultural and creative industry powerhouses and looked to encourage even greater ties between the creative industry ecosystems in both cities.
From the arts to fashion, music, and film, the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP) is central to expanding trade and unlocking new opportunities in the creative economy.
Mr Khan will continue his historic trade mission with stops in Accra, Johannesburg and Cape Town to seek investment, innovation, and cultural exchange as well as strengthen ties with countries across the African continent for economic growth.
On his part, the British Deputy High Commissioner in Lagos, Mr. Jonny Baxter, said, “The Mayor of London’s visit underscores the UK Government’s commitment to strengthening economic and cultural ties with Nigeria. From trade to fintech and fashion, our collaboration is driving innovation and growth.
“Through the UK-Nigeria Enhanced Trade and Investment Partnership, we’re committed to unlocking new opportunities that benefit both our economies, and this visit is a powerful step forward in that journey of inclusive growth.”
The UK Minister for Africa, Lord Collins of Highbury, said, “Sir Sadiq’s visit marks an exciting moment for the UK’s relationship with countries across Africa and is a strong demonstration of our commitment to deepening our ties with the continent.
“Strengthening our trade, investment, and cultural ties is not only vital for shared economic growth, but also for fostering long-term partnerships that are rooted in respect and open up opportunities for all.”
By Adedapo Adesanya
The Nigerian Maritime Administration and Safety Agency (NIMASA) has shut down ShellPlux and TMDK Terminals, both located in the Ijegun-Egba area of Lagos for non-implementation of the International Ship and Port Facility Security (ISPS) Code.
The enforcement action followed persistent non-compliance by the facilities with the provisions of the ISPS Code, despite several formal warnings.
The move aligns with global best practices and is in accordance with Section 79(f) of the ISPS Code Implementation Regulations (2014), which mandates the closure of any facility that remains in violation for over three calendar months, the agency said.
Speaking on the development, the Director General of NIMASA, Mr Dayo Mobereola, emphasised the agency’s commitment to safeguarding Nigeria’s maritime domain.
“In wielding the big stick, we acted only as a last resort. Our primary goal is to enforce safety and security practices across Nigerian ports and jetties. At a time when we are collaborating with the United States Coast Guard to lift the conditions of entry on vessels from Nigeria, we cannot afford lapses that jeopardise our progress,” he said.
Mr Mobereola added that the facilities would be reopened once all compliance requirements are satisfactorily met, acknowledging their important role in service delivery and trade facilitation.
“Our Minister of Marine and Blue Economy, Adegboyega Oyetola, is committed to enhanced sustainable trade facilitation for the maritime sector in a safe and conducive environment,” he added.
The ISPS Code, an amendment to the SOLAS Convention, was developed by the International Maritime Organisation (IMO) to enhance maritime and port security, particularly for facilities engaged in international trade.
He reiterated that the agency will continue to ensure that infractors are punished, until there is adequate change in culture that will help drive the sector forward.
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