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My Statement on Electricity Tariff Misrepresented, Says Verheijen

The Special Adviser on Energy to the President, Olu Verheijen, clarified on Monday that her statement on the planned increase in the electricity tariff was misrepresented.
Verheijen, on January 30, advocated an increase in Nigeria’s power prices by about two-thirds (66 percent) to reflect the actual cost of electricity supply.
She argued that higher electricity tariffs must be carefully balanced with subsidies to support less-affluent consumers across the country.
The remark attracted backlash in the country with many questioning the rationale behind the proposal.
However, in a statement on Monday, the presidential aide clarified that she was misrepresented in the report published by Bloomberg.
She said after the increase in the tariff for customers in Band A last year, electricity tariffs now cover about 65 percent of the supply cost, while the government continues to subsidise the remaining 35 percent to bridge the gap.
Verheijen said: “I highlighted the fact that, following the increase in Band A tariffs in 2024, current tariffs now cover approximately 65 per cent of the actual cost of supplying electricity, with the Federal government continuing to subsidize the difference.
“Also, while the government is indeed committed to ensuring fairer pricing over the long term, the immediate focus is on taking decisive action to deliver more electricity to Nigerians, ensure fewer outages, and guarantee the protection of the poorest and most vulnerable Nigerians.”
She said the federal government’s power sector priorities include the presidential metering initiative (PMI) conceived to provide more electricity, reducing outages, and protect vulnerable Nigerians.
“One of the most significant steps in this reform is the Presidential Metering Initiative, which is accelerating the nationwide rollout of 7 million prepaid meters, starting this year.
“This will finally put an end to the practice of estimated billing, giving consumers’ confidence in what they are paying for and ensuring transparency in electricity charges.
“Metering will also improve revenue collection across the sector and will attract the investments needed to strengthen Nigeria’s power infrastructure,” the presidential aide added.
Featured
Glo Partners Samsung to Offer Customers the Exclusive Galaxy S-25

Digital solutions company, Globacom, has teamed up with Samsung, world’s leading manufacturer of electronic devices, to bring a new offer to Glo subscribers. This tantalising deal allows Glo customers to pre-order the highly sought-after Samsung Galaxy S-25 smartphone and enjoy unique benefits.
Samsung Electronics unveiled its newest flagship smartphones: the Galaxy S25 series which comes with cutting-edge advancements in artificial intelligence (AI) and was designed to elevate user experience and set new standards in the industry on January 22, 2025.
The pre-ordering exercise kicked off on January 22 and closes on February 18, 2025 at Gloworld shops across the country. It gives customers the opportunity to select from the Galaxy S25 lineup, including the S25 Ultra, the top-tier and most sophisticated model, as well as the S25+ and the standard S25. They, however, come with different processors and storage options.
Customers who pre-order the Galaxy S25 or S25+ will receive complimentary gifts, including a Buds FE, a suit cover, and Samsung Care, while those opting for the Galaxy S25 Ultra, will receive a free Buds 3, a standing grip case, and Samsung Care.
Globacom is also delighting customers who purchase any model from the Galaxy S25 series with 18GB bonus data for 6 months under smartphone festival data plans, while they can also secure their pre-order at any Gloworld shop with an advance payment of ₦500,000. Pre-ordered phones will be delivered to customers from February 19 onwards.
“We are thrilled to bring this offer to our subscribers, who will enjoy unparalleled benefits, including innovative packaging. This partnership with Samsung reinforces our commitment to providing value-added services that cater to the evolving needs of our customers”.
The company advises other phone lovers who are yet to pre-order the new device to visit any Gloworld outlet close to them and join the list of the new owners of the Samsung S-25 phone before the expiry date.
Featured
Another Gloworld Retail Office Opens in Maiduguri

Technology company, Globacom, on Wednesday opened another Gloworld retail outlet in the Borno State capital, Maiduguri.
The new Gloworld shop is the latest in Globacom’s trademark customer interface shops, and is equipped with the latest technology for fast and efficient customer service and complaints resolution.
According to Mr. Augustine Mamuro, Globacom’s Regional Sales Coordinator, North East, the opening of the centre is in line with its “desire to bring its services closer to the people, create more platforms for customers to have access to Globacom’s wide range of products and services and give them more exciting experience on the network.”
He added that Globacom’s approach to customer service “is one that is underpinned by innovation and total inclusiveness. This is why we are consistently seeking innovative channels to make available our array of services to them”.
Mamuro assured the people of Maiduguri that the office is manned by well-trained, polite and customer-friendly staff who will provide first-class services and attend to customers’ enquiries as well as their service and product needs.
He also said the new shop will offer affordable Glo products, devices, smartphones and accessories, adding, that the people are assured of quick and satisfactory resolutions of all issues ranging from SIM replacement and registration to recovery of over-scratched cards, refill, unblocking of phones and laptop configurations for internet, as well as post paid bill payments and purchase of all Glo and other complementary products”.
The Deputy Governor of Borno State, Alhaji Umar Umar Kadafur, who was the Special Guest at the event, eulogised Globacom for deeming it fit to open a new Gloworld in Maiduguri for the benefit of the people.
He lauded the management of the company for its thoughtfulness in bringing its products and services close to the people of the state.
Featured
I Don’t Belong to Wike’s Camp, Dakuku Peterside Declares

Dakuku Peterside has publicly declared his political leaning in Rivers State, saying he does not belong to the camp of the former governor and current Minister of the Federal Capital Territory (FCT), Nyesom Wike.
Instead, Peterside, a former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), said he aligns with Wike’s predecessor and estranged former godfather Rotimi Amaechi.
“I am a friend to Rotimi Amaechi,” the former All Progressives Congress (APC) governorship hopeful said on Channels Television’s Politics Today programme on Wednesday.
“I am not on the side of Nyesom Wike,” Peterside submitted, adding that he is also not politically aligned with Governor Siminalayi Fubara.
He, however, said he was ready to provide advice for the incumbent governor on how to move the state forward.
“When Nyesom Wike was governor, recall that I was doing open letters to him consistently, giving him my advice. I did that for some time. If Governor Fubara seeks my advice, of course, I am willing to give that, like many governors,” he said.
Rivers is one of the politically charged states in Nigeria, a situation which could be attributed to the chunk votes and fat purse of the oil-rich state.
Like a coat of many colours, fragmented political camps make up the diverse and intrigue-filled state dominated by pugilists in the APC and the Peoples Democratic Party (PDP) where the incumbent governor belongs.
Leaders of the camps include Wike, a PDP powerbroker and two-term governor of the state from May 2015 to May 2023. Another political gladiator in the state is Amaechi, a former APC presidential hopeful and ex-transport minister who previously governed the state from May 2007 to May 2015.
There are also those loyal to Fubara and former governor Peter Odili; while former PDP National Chairman Uche Secondus; Magnus Abe; and Tonye Cole; amongst others, have their die-hard followers too. For over a decade, political crises have been Siamese to the State with followers of the various camps always at loggerheads.
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