Friday, June 27, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
Home Across the Nation

HOW THE ONE TRILLION NAIRA SAVED FROM POWER SUBSIDY WILL BE USED – MINISTER

Idris emphasized that 85% of the population who falls under the different categorizations of the new electricity supply regime still enjoys the subsidy.

Newsroom Nigeria by Newsroom Nigeria
April 13, 2024
in Across the Nation
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

Minister of Information and National Orientation, Mohammed Idris, has said that the over N1 trillion that would be saved from the withdrawal of electricity subsidy will be reinvested in improving power supply and the provision of social services for the country.

Idris stated this in Kaduna on Saturday as a guest of the popular Hausa audience participatory programme of Radio Nigeria Kaduna called “Hannu Da Yawa.”

Related posts

NEW TAX LAWS, THE WAY FORWARD FOR NIGERIA’S PROSPERITY, SAYS TINUBU

NEW TAX LAWS, THE WAY FORWARD FOR NIGERIA’S PROSPERITY, SAYS TINUBU

June 26, 2025
Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

June 25, 2025

He said the disproportionate amount of electricity subsidy, approximately 40%, is benefiting only about 15% of the electricity consumer population, comprising affluent individuals and industrial clusters, who enjoy about 20 hours of electricity.

“It is essential to emphasize that the funds to be saved from the withdrawal of electricity subsidy will be reinvested in enhancing power supply across the country and improving other vital social services such as health and education,” he said.

Idris emphasized that 85% of the population who falls under the different categorizations of the new electricity supply regime still enjoys the subsidy.

The Minister said the new Electricity Act, signed by President Tinubu, has strengthened the governance structure of the Nigerian Electricity Regulatory Commission (NERC), and empowers the Commission to place severe sanctions on electricity distribution companies for infractions relating to billings and supply of electricity to consumers.

While speaking on the post-fuel subsidy intervention programmes, Idris said the supply of N100 billion worth of CNG buses is still on track as the specification of the buses is not bought off the shelf.

The Minister said the government would soon launch CNG conversion centres across the country to encourage Nigerians to convert their vehicles from fuel consumption to CNG to reduce the cost of transportation.

Idris also stated that the Committee set up by the President to review the operational mechanism of the National Social Investment Programme has submitted its report to pave the way for the resumption of the programmes, which will be providing N25,000 Conditional Cash Transfers to 15 million poor and vulnerable households for three months among other interventions.

The Minister used the platform to dispel the notion in some quarters that the Tinubu Administration is out to shortchange the northern part of the country, stressing that the Federal Government would continue to invest funds in the development of projects in the north.

On agriculture, the Minister said the Federal Government has expanded the cultivation of wheat, rice, cassava, and maize, under the Dry Season Farming Initiative, on about 500,000 hectares of farmland.

“The President has mandated us to go out and feel the pulse of the nation and report back to him. We were in Dutse, Auyo, and Hadejia and interacted with the farmers about the successes of the dry season farming in those areas,” he said.

Idris expressed delight that Kebbi State is now a hub of tomato farming and processing in the country through collaboration with a leading food processing firm, GB Foods, which has set up a sprawling factory for the production of tomato paste.

He said plenty of farmers, mostly women are now involved in tomato farming in Kebbi State because of the enabling environment and support from the off-taker, GB Foods, which has shown a remarkable commitment to doing business in Nigeria.

Rabiu Ibrahim
Special Assistant (Media) to the Minister of Information and National Orientation
April 13, 2024

ShareTweetSendShareShare
Previous Post

TINUBU PRESIDENCY: NORTHERN ELDERS FORUM DOES NOT SPEAK FOR THE NORTH – DEFENCE MINISTER 

Next Post

METRO AND CASTLE OPENS THIRD SUPERMARKET IN FIVE YEARS

Related Posts

NEW TAX LAWS, THE WAY FORWARD FOR NIGERIA’S PROSPERITY, SAYS TINUBU
Across the Nation

NEW TAX LAWS, THE WAY FORWARD FOR NIGERIA’S PROSPERITY, SAYS TINUBU

June 26, 2025
Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers
Across the Nation

Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

June 25, 2025
TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK
Across the Nation

TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK

June 25, 2025
INEC Receives Applications To Register Obidients People’s Party (OPP), 109 Other Political Parties Registration
Across the Nation

INEC Receives Applications To Register Obidients People’s Party (OPP), 109 Other Political Parties Registration

June 25, 2025
Across the Nation

Woman Going To India for Fibroid Surgery Arrested With 2.20kg Cocaine at  Airport

June 22, 2025
Across the Nation

Attacks on Benue Aimed at Conquest, Nationwide Jihad, Says Yoruba Group

June 21, 2025
Next Post

METRO AND CASTLE OPENS THIRD SUPERMARKET IN FIVE YEARS

RECOMMENDED NEWS

SHIRORO MINES KILLINGS: FG BANS MINING AT ATTACK SCENE, VOWS TO AVENGE MINERS’ DEATH

10 months ago

COURT ORDERS SEIZURE OF PRIVATE VARSITY OWNED BY FEDERAL CIVIL SERVANT

3 years ago

I WILL NOT STAND IDLY AND ALLOW A FEW, WITH A CLEAR POLITICAL AGENDA TO TEAR THIS NATION APART – TINUBU TELLS PROTESTERS

11 months ago

COUP IN NIGER: ECOWAS MULLS USE OF FORCE, SETS ONE WEEK DEADLINE

2 years ago

FOLLOW US

POPULAR NEWS

  • TAU Students Win Big   at National Innovation Challenge

    TAU Students Win Big   at National Innovation Challenge

    0 shares
    Share 0 Tweet 0
  • Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

    0 shares
    Share 0 Tweet 0
  • ADEBAYO HELD ALOFT THE BANNER OF THE UPN, LED BY OBAFEMI AWOLOWO, TINUBU PENS TRIBUTE TO A TRUE STATESMAN

    0 shares
    Share 0 Tweet 0
  • TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK

    0 shares
    Share 0 Tweet 0
  • NEW TAX LAWS, THE WAY FORWARD FOR NIGERIA’S PROSPERITY, SAYS TINUBU

    0 shares
    Share 0 Tweet 0
Newsroom Nigeria

This independent, liberal online news platform aims to inform citizens about important issues. NEWSROOM NIGERIA covers political, business, economic, national, and international news. They are committed to journalism ethics and hold the government accountable.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.