NERC Sets Rules for Operators as New Tariffs Take off To penalise Discos, TCN for power rejection, under-supply Emmanuel Addeh in Abuja The Nigerian Electricity Regulatory Commission (NERC) yesterday issued guidelines to stop the
blame game between the Transmission Company of Nigeria (TCN) and Distribution Companies (Discos) over the latter's alleged incessant rejection of power.
The new guidelines came as the revised electricity tariffs to be paid by some electricity consumers, earlier approved by President Muhammadu Buhari and the NERC, commence
today. Under the guidelines, NERC said that, “the federal government under the Power Sector Recovery Plan (PSRP) financial plan has committed
to funding the revenue gap arising from the difference between the cost reflective tariffs determined by the commission and the actual end-user tariff during the
transition to the cost-reflective tariff.” In documents containing the official communication between NERC and the Discos, Continued on page 36
Stock Market Sustains Gains with N330bn in August... Page 6 Tuesday 1 September, 2020 Vol 25. No 9276. Price: N250
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APC Excited, PDP Shocked as S'Court Affirms Bello's Election... Page 5
Buhari Laments How Bitter Squabbles Cost APC Governorship, Legislative Seats Osinbajo chairs committee to foster cordiality among executive, legislature, party Omololu Ogunmade and Adedayo Akinwale in Abuja President Muhammadu Buhari yesterday expressed concern about how bitter and unnecessary bickering cost the All Progressives Congress (APC) many governorship and legislative seats in past elections. He spoke at the State House, Abuja, while inaugurating the Tripartite Consultative Committee of the Executive,
Legislature and Leadership of the APC. Membership of the committee, chaired by Vice President Yemi Osinbajo is drawn from the executive, legislature and the APC. The president who said the APC has a clear majority of memberships of both the Senate and the House of Representatives, added that the executive-legislative Continued on page 36
IG Pledges Neutrality, Professionalism in Edo, Ondo Gov Elections
Kingsley Nwezeh in Abuja
The Inspector-General of Police, Mr. Mohammed Adamu, yesterday assured Nigerians that the police would remain neutral and professional in the conduct of the gubernatorial elections in Edo and Ondo States scheduled for September 19 and October 10, 2020, respectively. He said the police were
committed to the maintenance of law and order in the forthcoming polls in the two states. The IG, during a meeting with civil society organisations (CSOs) in Abuja to brainstorm on measures to ensure the conduct of a hitch-free election, stated that the police would deploy all resources to ensure a level-playing field for all Continued on page 36
BUSINESS AT ELYSEE PALACE... President of France, Mr. Emmanuel Macron (left), and Chairman, BUA Group, Alhaji Abdul Samad Rabiu, during the group chairman’s visit to the French president in Paris…yesterday
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