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Rishi Sunak emerges UK prime minister

Published

2 years ago

October 24, 2022

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Rishi Sunak has been elected as the new leader of the Conservative Party and will now be named the UK prime minister.

He was announced as the new leader of the UK in a tweet on the Conservatives’ Twitter handle on Monday.

The former Chancellor of the Exchequer got the leadership of the conservative party after Penny Mordaunt failed to get enough backing from fellow members of the parliament to enter the ballot, while Boris Johnson, former prime minister, also withdrew from the race, saying the “timing is not right”.

He takes the position just days after Liz Truss bowed out with just 45 days in office. Truss resigned following heavy criticism of her economic policies.

The development makes Sunak UK’s third prime minister in two months.

The 42-year-old has an Indian origin following his family migration to Britain in the 1960s.

Sunak entered into the UK’s public consciousness after he was appointed the chief secretary of the treasury by Johnson in 2019.

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The former financial analyst is expected to enforce stability within the Conservative Party and Britain at large to arrest its plunge into political and economic problems.

He would be expected to launch deep spending cuts and tackle rising energy and food bills.

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We’re not considering any foreign military base in Nigeria — FG

Published

9 mins ago

May 6, 2024

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The Minister of Information and National Orientation, Alhaji Mohammed Idris, has said that the Federal Government was not considering any foreign military base to counter insurgency and other crimes.

Disclosing this on Monday in Abuja, Idris noted that the Federal Government was aware of the false alarm being raised in some quarters about discussions with some foreign countries on the siting of foreign military bases in Nigeria.

He urged the public to “totally disregard this falsehood”.

In his words: “The Federal Government is aware of false alarms being raised in some quarters alleging discussions between the Federal Government of Nigeria and some foreign countries on the siting of foreign military bases in the country.

“We urge the general public to totally disregard this falsehood.

“The Federal Government is not in any such discussion with any foreign country.

“We have neither received nor are we considering any proposals from any country on the establishment of any foreign military bases in Nigeria.

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“The Nigerian government already enjoys foreign cooperation in tackling ongoing security challenges.

“And the President remains committed to deepening these partnerships, with the goal of achieving the national security objectives of the Renewed Hope Agenda.”

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UPDATED: Ikeja DisCo reduces Band A electricity tariff to N206.80/kwh

Published

5 hours ago

May 6, 2024

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The Ikeja Electricity Distribution Company says it has reduced the tariff for customers under Band A classification to N206.80 per kilowatt-hour (kwh).

On April 3, the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under the Band A category to N225 per kwh — from N66.

The commission said customers under the classification are those who receive 20 hours of electricity supply daily.

Announcing the slash in a circular on Monday, Ikeja Electric said the new tariff regime will take effect from May 6, 2024.

“Please be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective 6th May 2024 with guaranteed availability of 20-24hrs supply daily,” the circular reads.

However, the DisCo said the tariff for bands B,C,D and E are unchanged.

On April 4, NERC said the approved tariff increase is expected to reduce subsidy for the 2024 fiscal year by about N1.14 trillion.

“With the newly approved tariffs, subsidies for the 2024 fiscal year are expected to reduce by about NGN1.14 trillion in furtherance of the federal government’s realignment of the subsidy regime,” NERC said.

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Musliu Oseni, vice-chairman of the commission, said the new tariff will bolster the nation’s economy.

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JUST IN: Ikeja DisCo reduces Band A electricity tariff to N206.80/kwh

Published

6 hours ago

May 6, 2024

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The Ikeja Electricity Distribution Company says it has reduced the tariff for customers under Band A classification to N206.80 per kilowatt-hour (kwh).

On April 3, the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under the Band A category to N225 per kwh — from N66.

The commission said customers under the classification are those who receive 20 hours of electricity supply daily.

Announcing the cut in a circular on Monday, Ikeja Electric said the new tariff rate will be effective from May 6, 2024.

Details later…