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    MarketForces Africa » MarketForces News » Reps Hail Tinubu over 50% Electricity Subsidy for Tertiary Institutions, Hospitals

    Reps Hail Tinubu over 50% Electricity Subsidy for Tertiary Institutions, Hospitals

    Julius AlagbeBy Julius AlagbeSeptember 2, 2024 News No Comments3 Mins Read
    Reps Hail Tinubu over 50% Electricity Subsidy for Tertiary Institutions, Hospitals
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    Reps Hail Tinubu over 50% Electricity Subsidy for Tertiary Institutions, Hospitals

    The House of Representatives has commended President Bola Tinubu for approving a 50 per cent electricity subsidy for universities, hospitals, and other tertiary institutions of learning.

    Rep. Abubakar Fulata, the Chairman of the House Committee on University Education, gave the  commendation in a statement on Monday in Abuja.

    He commended Tinubu for his magnanimity in yielding to their call and subsidising electricity tariffs for tertiary institutions.

    Fulata said his committee in the last few weeks had visited over 30 federal universities in 25 states and the Federal Capital Territory.

    He said that the high electricity tariff had affected almost all the universities in Nigeria.

    “While almost all the universities are struggling to pay the high electricity tariff, some of them have been disconnected from public light by the electricity distribution companies.

    “Prior to the grouping of electricity users that placed universities in Band ‘A’, which is the group that pays the highest electricity tariff, some of the universities could no longer afford the bill.

    He said, “For instance, the University of Jos was paying around N20 million monthly, but after the grouping, the institution’s monthly electricity tariff jumped up to over N100 million.

    He said that UNIJOS was one of the universities disconnected from public light due to this challenge of high tariffs.

    “So we are grateful for this decision the President has taken as it will go along way in addressing the challenge of electricity supply in the tertiary institutions of learning in the country.

    He said that this was not the first time the President would listen and yield to the Reps call for improvement in the educational sector.

    According to him, we have talked about the issue of IPPIS, which brought a heavy burden on university management, like seeking permission from about seven MDAs before even a cleaner will be recruited.

    He added that the President listened and approved the removal of tertiary institutions from IPPIS, adding that the President also yielded its call in reconstituting the councils for tertiary institutions.

    Fulata expressed confidence that irrespective of political affiliation, ethnic, and religious differences, the lawmakers would continue to partner with the executive arm.

    This, he said, also includes relevant stakeholders to improve the standard of education in the country.

    It would be recalled that the Minister of State for Health, Dr. Tunji Alausa, broke the news of the 50 percent electricity subsidy for tertiary institutions and hospitals in Kaduna.

    Alausa said the Ministry of Power was already working out the subsidy payment modalities. #Reps Hail Tinubu over 50% Electricity Subsidy for Tertiary Institutions, Hospitals

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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