Business
Kaduna DisCo cuts power to government house — after closure of its office over debt
Kaduna Electric, an electricity distribution company, has disconnected the power supply to the government house and other government facilities in the state over a “N2.9 billion debt”.
The disconnection came hours after the Kaduna State Internal Revenue Service (KADIRS) sealed the Kaduna Electricity Distribution Company (KAEDC) over “N600 million unpaid tax”.
In a statement released on X, formerly known as Twitter, on Friday, the DisCo said the electricity debt had accumulated over seven months, from January to July, along with “historical arrears”.
The electricity company described the move as a “last resort”, adding that the disconnection notice was issued on July 21 and received by the governor’s office on July 22.
It added that the disconnection was necessary after “extensive efforts to resolve the issue through consultations and reconciliations” failed.
“In a dramatic move highlighting tensions between utility providers and state governments, Kaduna Electric has disconnected electricity supply to the Kaduna State Government House and other state government accounts due to unpaid bills,” Kaduna Electric said.
“Kaduna Electric announced the disconnection following extensive efforts to resolve the issue through consultations and reconciliations.
“The outstanding balance for electricity consumed from January 2024 to July 2024 amounts to N1,166,856,991.87, with a total debt, including historical arrears, reaching N2,943,060,116.77.
“Despite a payment of N256,920,963.88 made on 9 May 2024 for electricity consumed between September 2023 and December 2023, the debt remains significantly high.
“Kaduna Electric’s decision to disconnect power came after repeated attempts to address the payment issues, including several consultations with state officials.
“In contrast, other states under the Kaduna Electric franchise, such as Sokoto, Kebbi, and Zamfara, have maintained their accounts in good standing.
“A disconnection notice was issued on 21 July 2024 and received by the Office of the Governor on 22 July 2024.
“The move reflects Kaduna Electric’s need to meet its financial obligations amidst broader challenges in the electricity sector.
“Kaduna Electric emphasised that the disconnection was a last resort after all other avenues for resolving the payment issue were exhausted.
“The Nigerian Electricity Regulatory Commission (NERC) previously intervened in Kaduna Electric, installing an Administrator and Special Board to oversee the company during a transitionary period prior to an official takeover by the current investors.
“The Administrator committed to an agreement with the Kaduna Inland Revenue Service to pay N20 million monthly, including statutory monthly tax payments, an agreement that has been honoured since the takeover by the current management.
“The situation underscores the urgent need for improved financial management and timely payments by government entities to avoid disruptions in essential services.”
Kaduna Electric said stakeholders are awaiting further developments on how the state will address the arrears and restore power to the affected government offices.
Business
Student loan scheme is part of anti-corruption efforts, says Tinubu
President Bola Tinubu says Nigeria’s new student loan regime could be considered an anti-corruption mechanism.
Tinubu was speaking about his government’s anti-corruption efforts during a presidential media chat that aired on Monday night.
He was asked if he considers anti-corruption an integral element among his governance priorities.
Tinubu said any policy intervention that aims to address the driver of corrupt practices could be considered anti-corruption.
“Corruption, in all its ramifications, is bad. But first, you must pay enough attention to its causes,” the president said.
“Why are the people corrupt? Lack of social amenities, lack of funding for their children’s education. There are so many anti-corruption mechanisms that you can put in place to help the people not be corrupt. Pay them good living wages.
“I have moved from 35,000 to 70,000. To me, that’s anti-corruption. I have given more money to the state and local government levels. I have been transparent with my earnings. Every month, there is a publication on how much this country is making.
“The ability to stem corruption is part of the instrument of the EFCC. That is why they are discovering all sorts of inefficiencies in the system, blocking all the loopholes where anybody can just game the system. That is part of anti-corruption.”
Tinubu said enabling equitable access to tertiary education through a loan scheme is just as important in the anti-corruption struggle.
“The removal of subsidies is also anti-corruption. It is very difficult to say you would eliminate it. You can only reduce it to the barest minimum. Help the people grow. Help them with the education of their children. Our student loan is part of anti-corruption,” he said.
“No parent should lament how to encourage their children in university education. Today, it’s working for a larger part of the population. The society is moving from illiteracy to literacy.
“I enjoy debate on what type of courses are being offered in the university these days to improve science, knowledge, and technology. We continue to work on it. We’re not taking our eyes off these serious matters.”
Business
APPLY: FIRS begins recruitment of senior managers, directors
The Federal Inland Revenue Service (FIRS) has begun its recruitment exercise for experienced professionals to fill specialised positions in the organisation.
Announcing various vacant roles on Monday, the FIRS said the recruitment exercise is part of its consolidation strategies.
The advertised positions include assistant manager and deputy manager roles in tax (investigation), PRS (research), public relations, and ICT (cybersecurity and AI management).
Other available roles are assistant manager and deputy manager in PRS (risk management), assistant manager and deputy manager in legal, and senior manager and assistant director roles in tax (audit).
“Applicants must have qualifications and relevant professional certificates as specified in the positions they are applying for and must also fulfill the following requirements,” the agency said.
“Applicant must possess Bachelor’s degree/HND with at least second class lower/lower credit.
“Applicant must have completed NYSC not later than 31st December 2017.
“Applicant for the position of assistant manager and deputy manager must not be more than 40 years of age while senior manager and assistant director must not be more than 45 as at 31st December 2024.”
The revenue agency said candidates must possess strong leadership and management skills, team spirit and ability to effectively delegate, interpersonal and communication skills, and strong Analytical skills.
“Knowledge of the Nigerian tax laws and appreciation of their application and understanding of the regulatory framework within which the FIRS operates,” the FIRS said.
“Knowledge of business/industry environment within which taxpayers operate.
“Ability to work as a regulator with the courage to ensure full compliance with laws.
“Interested candidates should apply via official FIRS career portal: careers.firs.gov.ng and or FIRS verified social media handles.”
The FIRS said the application portal will open on December 23, 2024, noting that the deadline for submissions is January 11, 2025.
The service advised applicants to carefully review the eligibility criteria before applying to ensure they meet all requirements and understand the qualifications needed for successful selection.
Business
UBA GMD calls for public-private partnership to accelerate economic growth
Oliver Alawuba, group managing director (GMD) and chief executive officer (CEO) of United Bank for Africa (UBA), has called for public-private partnership (PPP) to accelerate economic growth.
Alawuba spoke on December 20 during the launch of the newly renovated departure section of the Murtala Muhammed International Airport (MMIA), Lagos, refurbished by UBA.
According to a statement on Sunday by the bank, the project, which signifies a transformative moment in Nigeria’s aviation sector, shows UBA’s commitment to national development, highlighting the immense value of strategic PPPs.
The ceremony was attended by stakeholders, including Festus Keyamo, minister of aviation and aerospace development, and Olubunmi Kuku, managing director of the Federal Airports Authority of Nigeria (FAAN).
Alawuba commended the collaboration that led to the execution of the project, emphasising the need for public and private institutions to come together to build and revamp the nation’s assets.
“This renovation is a testament of UBA’s belief in the transformative power of investing in national assets. By modernising our airports, we not only enhance infrastructure but also position Nigeria as a global hub for tourism, trade, and investment,” he said.
“Public-private partnerships like this demonstrate what can be achieved when we unite for a shared vision of progress and investing in infrastructure catalyses economic growth, improves travel experiences, and creates opportunities across various sectors of the economy.
“The commissioning of the renovated departure section serves as a reminder of what strategic partnerships can achieve in driving national development and elevating Nigeria’s global standing.”
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