Minister of Power discloses that the Federal Government allocated N700 billion for electricity subsidy in the year 2023.

Adebayo Adelabu, the Minister of Power, reveals that the Federal government has expended N700 billion in subsidizing electricity. Adelabu emphasizes that the ongoing subsidy is necessary due to the non-cost-reflective nature of the current tariff permitted for Distribution Companies (DISCOs). During his official visit to the Ibadan Electricity Distribution Company (IBEDC) Head Office in Ibadan…

Abuja estate residents allegedly face an increased ransom demand of N700 million from their kidnappers.

Kidnappers, who abducted 10 individuals from Sagwari Estate Layout in Dutse, Bwari Area Council of the Federal Capital Territory (FCT) on January 7, 2024, and tragically killed three, have reportedly raised the ransom for the remaining captives to N700 million. According to reports from Leadership, the bandits initially demanded N60 million per person but escalated…

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