TUESDAY 2NDTH JANUARY 2024

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Adelabu: FG Working Out Cost-reflective Electricity Tariff Implementation Programme Says ministry collaborating with NSA’s office on power assets’ vandalism Lokpobiri: Nigeria’s era of self-sufficiency in energy production is here

Emmanuel Addeh in Abuja

The Minister of Power, Chief Adebayo Adelabu, yesterday said that

to ramp up liquidity in the power sector, the government was working out a cost-reflective electricity tariff regime for the country.

In a statement in Abuja, the minister however said that the federal government will protect the poor and vulnerable electricity

consumers in Nigeria by ensuring the payment of subsidy to augment the expected shortfall. Many operators in the power

sector have blamed their inability to set electricity tariffs in line with current economic realities as being responsible for the illiquidity in the

sector. But Adelabu reassured Nigerians Continued on page 9

Alake: 163,878 Nigerians Enjoyed FG’s Transportation Rebate in 10 Days... Page 10

Tuesday 2 January, 2024 Vol 28. No 10492. Price: N400

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PDP Knocks Budget, Says It's Harvest of Deceit, Empty Claims

Describes Tinubu’s New Year address as admission of failure Labour dismisses his speech as arrogant display of dishonesty Atiku: FG’s commitment to eliminate security threat will stem attacks in Nigeria –Page 9

Chuks Okocha in Abuja

Peoples Democratic Party (PDP),

yesterday, criticised President Bola Tinubu’s 2024 budget as a harvest of deceit, false claims, and empty

promises. PDP described Tinubu’s New Year address as unpresidential,

uninspiring, and a waste of valuable time. It said the president’s speech did not address any of the critical

issues plaguing the country. In a similar vein, Labour Party (LP) said the president’s speech

lacked substance, stating that most Continued on page 9

Tinubu Signs N28.7tn Budget, Elated By N100bn Approved for School Feeding Nationwide Mandates MDAs to provide monthly performance reports Budget focused on growing nation's economy, says Edun Govt to rely less on borrowing, more on revenue to fund budget Bagudu: It's game changer that increased spending in priority areas N'Assembly will ensure proper implementation of 2024 appropriation act, Akpabio declares

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2024 BUDGET, SIGNED, SEALED...

L-R: Deputy Senate President, Jibrin Barau; Senate President, Godswill Akpabio; Senate Committee Chairman on Appropriation, Senator Adeola Olamilekan Solomon; President Bola Tinubu; Chief of Staff to the President, Femi Gbajabiamila; ADC to the President, Lt. Col Nurudeen Alowonle Yusuf; Speaker of the House of Representatives, Tajudeen Abass; Chairman, House Committee on Appropriation, Hon. Abubakar Bichi; Minister of Budget and Economic Planning, Abubakar Bagudu; and the Minister of Finance and the Coordinating Minister of the Economy, Wale Edun after the president signed the N28.78trillion 2024 Appropriation Bill into Law in his office at the State House, Abuja...yesterday


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