Punch Newspaper Review

Punch Newspaper Headlines (Friday, 21 May, 2021 Edition)

electricity

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 Punch Newspaper. We prepare it as a quick-read for our visitors who also enjoys Punch News.

Suspend June electricity tariff hike, National Assembly tells NERC

The House of Representatives has asked the Nigerian Electricity Regulatory Commission to suspend the plan to review electricity tariff in June. It also condemned electricity distribution companies for transferring debts incurred by former occupants of building to the new occupants or tenants.

At the plenary on Thursday, the House adopted a motion moved by Aniekan Umanah titled: ‘Call on the Nigerian Electricity Regulatory Commission to Suspend the Proposed Increase in Electricity Tariff’.

Following the adoption of the motion, the House urged the Federal Government to direct NERC to “rescind the decision to further increase electricity tariff proposed for June 2021 in view of the hard times Nigerian masses are currently going through.”

Ayade becomes APC leader in Cross River, says state must join centre

The Governor of Cross River State, Prof Ben Ayade, on Thursday defected from the Peoples Democratic Party to the All Progressives Congress.

He announced the decision after a closed door meeting with six APC governors, which lasted over one hour at the Executive Chamber of the Governor’s Office in Calabar. The governors in attendance were those of Ekiti, Kayode Fayemi; Jigawa, Mohammed Badaru; Yobe, Mai Mala Buni; Kebbi, Abubakar Bagudu; Imo, Hope Uzodimma; and Plateau, Simon Lalong, as well as the Minister of State for Petroleum, Timipre Silva.

Speaking during the defection, Ayade said, “We need to join hands with President Buhari in his determination to enhance the fortunes of the country.

NLC meets on govs’ N380/litre petrol proposal today, experts warn FG

The Nigeria Labour Congress will today (Friday) come up with its position on the recommendation by governors that the price of Premium Motor Spirit, popularly called petrol, be raised from N162/litre to N408.5/litre.

A committee set up by the Nigeria Governor’s Forum had on Wednesday called for immediate removal of petrol subsidy. It recommended a petrol price of between and N380/litre and N408.5/litre.

When contacted by our correspondent on Thursday for the position of the NLC on the latest recommendation of the governors as touching petrol price, the Deputy President, Joe Ajaero, replied, “Congress will come up with a position latest tomorrow (Friday).”

Nigerians to submit phone IDs in three months, says NCC

The Nigerian Communications Commission has said Nigerians will have to submit the International Mobile Equipment Identity of their phones to it from July.

The regulatory body said this in the commission’s Revised National Identity Policy for SIM Card Registration.

The NCC’s move to start the implementation of the Device Management System (a Centralised Equipment Identity Register) is backed by the President, Major General Muhammadu Buhari (retd.).

Open grazing/spare parts comparison: Malami under fire as Akeredolu, South stakeholders lampoon AGF

The Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, on Thursday came under fire for dismissing Southern governors’ ban on open grazing of cattle.

The Southern Governors’ Forum, the Ohanaeze Ndigbo, the Senate spokesman, Ajibola Basiru and others, who criticised the AGF, said his comment fell short of what Nigerians expected from the chief law officer of the country.

Southern governors last week at their meeting in Asaba, the Delta State capital, banned open grazing as part of measures to address insecurity, particularly killings and kidnapping by armed herdsmen. But Malami, in an interview on Channels Television on Wednesday, described the ban as unconstitutional, saying, “It is as good as saying, perhaps, maybe, the northern governors coming together to say they prohibit spare parts trading in the north. “Does it hold water? Does it hold water for a northern governor to come and state expressly that he now prohibits spare parts trading in the north?”

Experts carpet CBN, say serial naira devaluation threatens economy, Nigerians

Financial experts have decried the continuous devaluation of the naira by the Central Bank of Nigeria, stressing its adverse impact on the country’s economy.

The reaction followed media reports on the possible devaluation of the currency by the CBN, after the apex bank removed the exchange rate of N379/$1 from its website.

A financial expert, Prof Ovie Ogidiaka, who spoke with The PUNCH in a telephone interview on Thursday explained that the CBN had been doing the country a disfavour by devaluing the naira. According to him, the devaluation process weakens the value of the naira, limits the purchasing power of Nigerians, and increases the cost of production.

Divert infrastructural funds to tackling insecurity – Abdulsalami

A former Head of State, General Abdulsalam Abubakar, has advised the Federal Government to forget infrastructural development and divert all necessary funding to the security forces to secure peace in the country.

According to Abdulsalam, if there is no peace, there cannot be a country as he stressed the need for government to stop every unnecessary development across the country and focus on security.

Abdulsalam made this statement when the Senate President, Ahmed Lawal, paid him a visit to commiserate with him over the death of the father of Senator Sani Musa, the Senator representing Niger East Senatorial District.

Defection: ‘We wish you well’, PDP bids Ayade farewell

The Peoples Democratic Party has bid Governor Ben Ayade farewell as he defects to the All Progressives Congress.

They also urged its members in Cross River to remain united following the governor’s defection.

The PDP made this known in a statement by its National Publicity Secretary, Kola Ologbondiyan, on Thursday. The PDP spokesman urged the members to ensure that all structures of the party in the state remained intact.

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