The National Bureau of Statistics (NBS), has revealed that out of the total households in Nigeria connected to the National grid, 85.2 per cent are on estimated billing. Only 14.8 per cent are on prepaid billing. The bureau also revealed that the average monthly expenditure of households on electricity was estimated at ₦4,155.8 in the period under review. Prince Adeyemi Adeniran, Statistician General of the Federation and Chief Executive Officer, NBS, disclosed this while speaking on the Nigeria Residential Energy Demand-Side Survey (NREDSS), 2024 Report in Abuja. Prince Adeniran noted that over 58 per cent of households are connected to the…
Author: Elvis Eromosele
The national electricity grid is currently powering nearly 60 per cent of Nigerian households, signalling progress in efforts to expand energy access across the country. This indicates that 6 in 10 Nigerian households, from the surveyed states are connected to the national grid. This is according to the Nigeria Residential Energy Demand-side Report 2024 by the Nigerian government, which was done by the National Bureau of Statistics (NBS) in collaboration with the Ministry of Power, the Energy Commission of Nigeria, and the European Union. The report revealed that 79.7 per cent in Ekiti State, and 77.3 per cent in Oyo…
Poor infrastructure and high phone and internet costs have disconnected 120 million Nigerians from the mobile internet despite a monthly internet usage growth of 501.99 per cent over five years, GSMA, the global body for telcos, has revealed. The internet growth has been fuelled by a mobile boom in a country where smartphones are more important than computers. According to the World Bank, less than 20 per cent of households in Nigeria owned a computer in 2023. Adia Sowho, former chief marketing officer of MTN Nigeria, said, “Smartphones have become the computer for many Nigerians today.” However, gaps in digital…
President Bola Tinubu has named seven new ministers, reassigned 10 others and sacked five over poor performance as part of efforts to improve service delivery. The newly appointed ministers include Nentawe Yilwatda, minister of Humanitarian Affairs and Poverty Reduction; Jumoke Oduwole, former special adviser to President Muhammadu Buhari on Ease of Doing Business, now minister of Industry, Trade and Investment. Others are Muhammadu Maigari Dingyadi, minister of Labour & Employment; Idi Mukhtar Maiha, minister of the newly created Ministry of Livestock Development. Bianca Odumegu-Ojukwu, wife of the late warlord, Chukwuemeka Odumegwu Ojukwu, was appointed minister of state for Foreign Affairs,…
Nestlé Professional, in collaboration with the World Association of Chefs’ Societies (Worldchefs) and the Association of Professional Chefs Nigeria, marked International Chefs Day 2024 by championing healthy eating and creativity among Nigeria’s young generation. The annual event, celebrated on October 20, embraced this year’s theme, “GROWING GREAT CHEFS” and brought together 10 professional chefs and 40 children from Nestlé for Healthier Kids (N4HK) beneficiary schools in Agbara, Ogun State. The children participated in hands-on cookery workshops, using nutritious ingredients like spinach, potatoes, carrots, and rice. This immersive experience allowed the children to add their personal touch and creativity to cooking…
The Nigerian government is set to introduce a 5 per cent excise duty on telecommunications, gaming, and betting services as part of a new effort to reform the nation’s tax system. This proposal is included in the “Nigeria Tax Act,” a bill aimed at overhauling existing tax legislation and consolidating various tax frameworks across the country. The bill, titled “A Bill for an Act to Repeal Certain Acts on Taxation and Consolidate the Legal Frameworks relating to Taxation and Enact the Nigeria Tax Act to Provide for Taxation of Income, Transactions, and Instruments, and Related Matters,” was obtained from the…
By Elvis Eromosele Humans are naturally biased. This makes changing someone’s mind a challenge. This also explains why marketing—attracting customers to generate revenue—is difficult. It requires capturing the attention of the target audience and changing minds. In today’s world, this task has become even more complicated due to information overload and the disruptive nature of the emerging digital economy. Experts say to stand out and engage people, trust, transparency, and authenticity are essential. The 2024 Lagos Digital Public Relations Summit, held on October 16 and 17, was more than just a gathering of professionals in the field—it was a platform…
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As part of its continuous efforts to promote financial literacy and provide actionable solutions, Sovereign Finance Company Limited, a leading financial service provider committed to empowering individuals and businesses across Nigeria, recently held a webinar titled ‘Riding the Tide: Smart Borrowing Amidst High Interest Rates.’ The event brought together financial experts, business leaders, and individuals seeking practical solutions to the challenges posed by rising interest rates. As global economic conditions continue to drive higher borrowing costs, the webinar provided critical insights into the factors affecting interest rates, their impact on borrowers, and strategies for making smart financial decisions during this…
By Dr Iroghama Davina Edobor-Osula In a country as populous and diverse as Nigeria, healthcare challenges are a familiar reality. Yet, often overlooked in the broader healthcare conversation is the crucial role of eye care. Vision impairment and blindness affect millions of Nigerians, yet primary eye care remains underdeveloped and underappreciated. This situation calls for re-evaluating the role of optometrists, whose indispensable presence in primary eye health care can be the difference between sight and blindness for many Nigerians. Globally, it is estimated that over 2.2 billion people suffer from some form of vision impairment, and Nigeria is no exception.…