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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Presidential Villa, MDAs, Others May Be in Darkness If Their N47bn Debt Is Not Paid Soon, Says AEDC

By Favour Ifeoluwa & Akinola Ajibade


The Abuja Electricity Distribution Company (AEDC) yesterday( Monday) threatened to disconnect power to the Presidential Villa, the Central Bank of Nigeria(CBN), Federal Inland Revenue Service among other institutions over N47billion debt.

The DisCo in a disconnection notice,  gave the 86 Ministries, Departments and Agencies (MDAs) 10 days’ notice to pay the N47.1bn accrued debt.

The notice reads, “The Abuja Electricity Distribution Plc is constrained to do this publication with the details of Government, Ministries, Departments and Agencies with long outstanding unpaid bills for services rendered to them through the provision of electricity supply.

“In that, our previous attempts to make them honour their obligations have not achieved the desired results.
“The relevant MDAs are hereby given notice that the AEDC shall after Wednesday, 28th February 2024, embark on the disconnection of our services to them until they discharge their obligations to us by paying their debts.”
Recall that the Minister of Power, Adebayo Adelabu, had mandated the electricity distribution companies (DisCos) to step up with electricity distribution across the country, he had threatened that any company found defaulting would have its license withdrawn.

The notice from AEDC showed that the Ministry of Power is owing N78m.
Some of the MDAs include the Ministry of Finance, Information, Budget, Works and Housing, barracks, Nigeria Police Force, Economic and Financial Crimes Commission (EFCC), Federal Airports Authority of Nigeria (FAAN), and state liaison offices in the Federal Capital Territory (FCT).

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