Good morning! In today’s trending news stories;
1. Imoyo, media manager and journalist, has passed away on December 17, 2023. He served as a newspaper editor in Lagos before joining Access Bank in 2014 and was the Head of Media Relations at Access Holding until his death. The family statement, issued by Tunde Imoyo, mentioned that he died at the First Cardiology, Ikoyi, Lagos, after a brief illness.
2. The Awujale of Ijebuland, Oba Sikiru Kayode Adetona, conferred the traditional title of ‘Gbobaniyi of Ijebuland’ on the immediate-past governor of Kaduna State, Nasir El-Rufai. El-Rufai, expressing his pleasure on social media, noted that he is the first Nigerian outside the South-West to receive a chieftaincy title from the Awujale in his over 60 years on the throne. The former governor, along with his ally Jimi Lawal and Lawal’s wife, was honored for contributions to the Ijebu Kingdom and Nigeria. El-Rufai expressed gratitude for the recognition and requested prayers for a successful event.
5. Reports have shown that between January and September 2023, the Federal Government allocated N375.8 billion for electricity subsidy, with consumers contributing N782.6 billion for power services. Despite distribution companies billing N1.06 trillion during this period, only N782.6 billion was collected, highlighting challenges amid widespread blackouts. The subsidy increased from N36 billion in Q1 to N204.6 billion in Q3, primarily due to non-cost reflective tariffs. The Nigerian Electricity Regulatory Commission has called for transparent subsidy calculation and tariff policies to ensure fair inclusion of stakeholders in the process.
