Witty Global blog

Burkina Faso and Mali, On Monday, a warning was issued against military intervention in Niger, which has been hit by a coup. The notice stated that such intervention would be equivalent to starting a war in the West African region. According to reports, the warning was issued in a joint statement by two countries governed by military-backed regimes. This warning was in response to a threat from West African leaders. It's important to remember that during an emergency meeting in Abuja, Nigeria, the Economic Community of West African States (ECOWAS) leadership discussed the successful coup in Niger last week. Chaired by President Bola Tinubu, ECOWAS threatened military action against the junta and gave them a seven-day ultimatum to reinstate captive President Mohamed Bazoum. Failure to comply would result in sanctions. In response to a perceived threat, Burkina Faso and Mali issued a statement on their national broadcasts on Monday night. They urged West African leaders to refrain fr

  The Abuja Electricity Distribution Company (AEDC) will increase tariffs in areas under its network from July 1. AEDC is one of the 11 power distribution companies that cover the Federal Capital Territory (FCT), Niger, Kogi, and Nassarawa States. The company recently announced an increase in electricity tariff due to the fluctuation in the naira exchange rate in the money market. The new tax will take effect from July 1, 2023. The exchange rate is expected to be revised to approximately N750/$1, which will impact the tariffs associated with electricity consumption. Under the MYTO 2022 guidelines, customers in bands B and C, with supply hours ranging from 12 to 16 per day, will experience a new base tariff of N100 per kWh. Bands A (20 hours and above) and B (16 to 20 hours) will share relatively higher taxes. The Nigeria Labour Congress (NLC) had warned the DisCoS to drop the planned tariff increase due to the country's current realities. For customers with a prepaid meter, purchas