Tag Archives: No Plan

No Plan To Raise Electricity Tariffs- Discos

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Dousing mounting concerns over another hike in electricity tariffs, the Association of Nigerian Electricity Distributors (ANED) Wednesday said it had no plan to increase the current tariffs being paid by consumers.

ANED’s Executive Director, Research and Advocacy, Mr. Sunday Oduntan, disclosed this in a telephone interview with the News Agency of Nigeria (NAN) in Lagos.

He said the electricity distribution companies (Discos) had not submitted any proposal to the Nigerian Electricity Regulatory Commission (NERC) on a tariff increase.

“It is not true that we want to the increase tariff by 200 per cent because we do not have any right to do so.

“When you talk about tariff review or increase, it is the responsibility of a regulator and that work belongs to NERC.

“We should understand how the system works because it is the work of the regulator to decide whether there should be tariff review or not and not Discos,” said the ANED official.

He urged the National Assembly to reconsider the stoppage of the bond provided by government to address the liquidity challenge bedeviling the power sector.

“We are not asking for subsidy but that government should step in and provide a bond,” he said.

Oduntan said that the business of electricity distribution was currently not bankable because no bank would lend the Discos money with the huge deficits on their books.

Read More: thisdaylive

No Plan To Increase Petrol Price, NNPC Tells Nigerians Not To Panic

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The Group General Manager, Group Public Affairs Division of the NNPC, Muhammad Garba-Deen, has said there was absolutely no plan by the Federal Government to increase pump price of petrol above N145 maximum level.

He said a statement people were referring to was made within the context of technical explanation, not within the context of downstream operations.

According to him, if there is going to be anything like a price hike, the agency responsible for fixing the price of petrol, the Petroleum Products Pricing Regulatory Agency (PPPRA), will definitely sensitise Nigerians on it and give reasons for the hike.

He added that at present, there was no subsidy on petrol, and that the long-term contracts entered into by the NNPC with buyers and suppliers had addressed the issue of foreign exchange volatility.

“As per this moment, there is absolutely no plan to do that and no need to do that, because we have more than enough supply; we have very robust stock of product in our custody.

“ In addition to that, we also have long term procurement contract with our suppliers.

“The usual reason that would necessitate a review of price at the moment had been taken care of. We have long term procurement contract with our suppliers.

“We have more than enough supply to last us throughout the ember months and beyond,” he said.

Also, the Department of Petroleum Resources, DPR, on Wednesday began investigation into some depot owners in Apapa who sold fuel to marketers above the official ex-depot price of N133.28.

Dorothy Bassey, Assistant Director, Public Affairs, DPR, told the News Agency of Nigeria in Lagos that the agency would sanction depot owners found guilty.

According to Ms. Bassey, there is no reason for any depot to sell petrol above the official ex-depot price.

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http://www.premiumtimesng.com/news/top-news/213694-dont-panic-no-plan-increase-petrol-price-nnpc-assures-nigerians.html

No Plan To Reduce Nigerian Flights- Lufthansa

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An international carrier, Lufthansa Airline, yesterday said it had no plan to reduce its flight operations in Nigeria.

The News Agency of Nigeria (NAN) reported that the airline’s Media Consultant, Mr. Hakeem Jimoh, made the disclosure to aviation correspondents in Lagos.

Two foreign airlines, Emirates and Kenya Airways , recently announced the suspension of their flights to the Nnamdi Azikiwe International Airport in Abuja.

While Emirates Airlines said it would stop flights to Abuja from October 22, Kenya Airways said its flights to the nation’s capital would be suspended from November 15.
Both airlines attributed the decision to the economic downturn in the country, foreign exchange challenges, and the shrinking passenger traffic.

Jimoh said Lufthansa Airline, which operates flights to Lagos, Abuja and Port Harcourt International Airports, would not be following a similar path for now.

“Yes, there has been challenges, particularly with the issue of forex, but I can tell you that Lufthansa has no plan for now to reduce flight operations in Nigeria,” he said.

Jimoh said Lufthansa had been operating in Nigeria for over 50 years, adding that the country was important to the airline’s operation, especially in West Africa.

The efforts of the current administration in the aviation sector have received a boost with the coming in of Airbus Group of France to set up an office in Nigeria.

Read More: thisdaylive

No Plan To Sell Any Asset Now- FG

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The federal government Tuesday said it has not taken any decision to sell any national asset.

Minister of Budget and National Planning, Senator Udoma Udo Udoma appealed to those opposed to the planned sale of some national assets to exercise patience with the government “as the government is yet to decide on assets sale in its stimulus package.”

Udoma made the disclosure in Abuja at the 57th Annual Conference of the  Nigerian Economic Society (NES) where he stated that the idea of selling national assets “is just a proposal within the stimulus package of the federal government to scale up revenue but is yet to be finalised or even agreed on.”

The budget and national planning minister said government will consult widely and hear views on the cost and benefit of the planned sale before any such decision will be made.

He said the administration has several packages and plans that will ensure that Nigeria comes out of the current recession soon and stronger. One of such packages he noted is the stimulus plan to borrow from the World Bank, African Development Bank (AfDB) and the China Exim Bank.

Udoma said that the stimulus package was being worked upon and was yet to be finalised, adding that to achieve this speedily “we are working to fast track procedures through presidential directives and legislation and I want to emphasis that notwithstanding the current economic challenges we face, we are not discouraged at all and this is a crisis we must not waste.”

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http://thenationonlineng.net/no-plan-to-sell-any-asset-now-says-fg/

No Plan To Strike, ASUU Assures Nigerians

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The Academic Staff Union of Universities, ASUU, has no plans to commence an interim strike on October 2, an official has said.

The Chairman of the University of Abuja chapter of ASUU, Ben Ugheoke, said on Wednesday that he was wrongly quoted on a planned strike.

The News Agency of Nigeria had quoted Mr. Ugheoke on Tuesday as saying the lecturers’ strike would commence next month.

In an interview on Wednesday, Mr. Ugheoke told said he never gave such statement to the NAN reporter.

“A certain reporter in NAN is responsible for this damage,” he said. “As a result of this falsified report, I am facing a panel later tonight from ASUU National body.”

The university don said he had asked for a rebuttal of the story since it was published.

“I have reached out to the NAN reporter and he told me it was a mix-up. He also begged me to save his job,” he said.

In the report widely circulated by Nigerian media, the government news agency quoted the don as saying ASUU was to embark on a one-week warning strike from October 2.

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http://www.premiumtimesng.com/news/top-news/210380-no-plan-strike-asuu-assures-nigerians.html

 

Economic Council Meeting: FG Says No Plan To Increase Taxes

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The federal government says it has no plans to increase company taxes or Value Added Tax in the country despite the dwindling oil revenue.

It, however, said that it would do all it can to ensure that Nigerians pay their taxes as and when due.

The Minister of Budget and National Planning, Udoma Udo Udoma, said this while giving an update on the 2016 budget before the National Assembly.

This, according to him, was the outcome of the National Economic Council (NEC) meeting presided over by Vice President Yemi Osinbajo.

He said that the budget is geared towards stimulating the economy and promoting inclusive growth and that the federal government would build an economy that is less vulnerable to oil price shocks by creating resistant divested income base and creating efficient public financial management system.

He said that government would partner states and local governments to recruit, train and deploy 500,000 unemployed graduates as teachers.

He added that the Vice President’s office was also working to design an implementable and transparent conditional cash transfer programme of 5,000 Naira monthly to one million poorest and most vulnerable..

During its briefing, the Economic Council said that the balance of the excess crude account as at December 31, 2015 stood at $2.257 billion.

Council said that it has also resolved the situation where revenue agencies collect monies in foreign currency but remit such accounts in Naira into the federation account.

Credit: ChannelsTv

Buhari Has No Plan To Persecute Anyone- APC

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The All Progressives Congress on Monday said the President-elect, Gen. Muhammadu Buhari, will not persecute anyone. The party urged outgoing public officials to clear their conscience.

The party in a statement issued in Abuja by its National Publicity Secretary,  Lai Mohammed, said “those that had played poker with the nation’s destiny must be willing and eager to clear their conscience before man and God.”

”That the President-elect is a man of integrity is not an issue for debate, and he has made it clear that he will not be bogged down by endless probes.

”However, the hands of the incoming government will not be tied by those who have chosen to play the victim and exhibit a persecution mentality. Whoever has any reason to be afraid must lay bare such reason before Nigerians,” the party said.

The APC said under the climate of change that Nigerians had ushered in with their votes, only the guilty needs to be afraid, adding that those with a guilty conscience, on account of their actions in the public sphere, must clear such so they can be at peace with themselves.

”The last time we checked, this does not fit the definition of persecution,” it added.

The party wondered why  President Goodluck Jonathan chose a public forum to express his fears when he could have done so privately during his meetings with the President-elect.

”Since the presidential election was won and lost, the President and the President-elect have met privately a number of times. Why didn’t President Jonathan express his apprehensions during these meetings?

”Even if the two have not met, the President could have reached out to the President-elect over any fears that he may be nursing, instead of engaging in an action that seems like he was being preemptive and seeking to curry public sympathy,” the party stated.

Credit: news24