Nigerian Daily Trust Newspaper

Daily Trust Newspaper Headlines (Wednesday, 6 January, 2021 Edition)

COVID-19 tests

Good Morning Nigeria! Hope you all are doing your part to help stop the spread of COVID-19!

Here’s our picks on today’s top buzzy stories on Daily Trust Newspaper. We prepare it as a quick-read for our visitors who also enjoys Daily Trust News.

We’re In Talks With China On COVID-19 Vaccine –FG

The Federal Government says it has opened talks with the People’s Republic of China to have access to COVID-19 vaccines for Nigeria.

Nigeria’s Minister of Foreign Affairs, Geoffery Onyeama, disclosed this in Abuja yesterday while briefing newsmen after a bilateral meeting with the Chinese Foreign Minister, Wang Yi, who was in Nigeria on a working visit.

Onyeama recalled that China was of immense assistance to Nigeria at the advent of the pandemic, noting that the donation of protective equipment greatly affected the nation in the fight against COVID-19.

ASUU Members Threaten ‘Fresh Strike’

Across section of University lecturers have vowed to push for resumption of the suspended strike at their respective zonal levels over government’s ‘failure’ to honour agreements both parties reached at a meeting on December 22, last year.

Daily Trust reports that ASUU suspended its 9-month-old strike December 23rd, 2020 following certain agreements reached by both parties, which included payment of outstanding lecturers’ salaries on or before December 31, releasing of N40bn Earned Allowance before January 15, among others.

But in separate telephone interviews with our correspondent, the lecturers described the government’s refusal to honour the agreements as “insincerity”, saying such behaviour would be met with stiff resistance.

FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States

The Debt Management Office says the federal government owes 79 per cent of the N20 trillion domestic debt profile as of September 2020.

The FG has N15.846tr as its domestic debt while Lagos state leads with a huge chunk of the N4.19tr owed by the states. DMO has said Nigeria’s debt profile climbed to N32trn in September.

N12tr is for outstanding external debt while N20tr is for domestic debt of the federal government, FCT and the 36 states.

How Buhari Hiked Electricity Tariff Three Times In 5 Years

The Nigerian Electricity Regulatory Commission (NERC) has confirmed that the electricity tariff has increased by two naira to four naira since January 1, 2021 to reflect increase in inflation and foreign exchange rates. The new increase will be the 3rd time in 5 years under the administration of President Muhammadu Buhari.

According to a statement by the Assistant General Manager (AGM), Government, External and Industry Relations at NERC, Mr Michael Faloseyi, the Commission said although tariff increase for Bands D and E (Customers getting power below 12 hours daily) remain ‘frozen’, it however admitted that the tariff rates for even these classes of customers were ‘adjusted’ upwardly.

“In compliance with the provisions of the Electric Power Sector Reform Act (EPSRA) and the nation’s tariff methodology for biannual minor review, the rates for service bands A,B,C,D and E have been adjusted by N2.00 to N4.00 per kilowatt hour (kWhr) to reflect the ‘partial’ impact of inflation and movement in foreign exchange rates. NERC also said “Any customer that has been impacted by any rate increases beyond the above provision of the tariff order should report to the Commission.”

Sustainable Development Impossible Without Adequate Infrastructure – Buhari

President Muhammadu Buhari says sustainable development is impossible when a country is hobbled by severe infrastructural deficits.

Buhari, according to a statement by his spokesman, Femi Adesina, said this yesterday at State House, Abuja, while receiving Mr Wang Yi, the State Councilor and Foreign Minister, People’s Republic of China.

The president said Nigeria would continue to honour its obligations in the relationship with the People’s Republic of China, “as you are making a big difference, which we appreciate very much.”

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