FCCPC Engages MultiChoice Nigeria Over DStv, GOtv Rates Hike

This issue generated reactions as always and to quell the furore, the Federal Competition and Consumer Protection Commission (FCCPC) has announced that it is engaging the pay-television company for clarity of the subscription fee increment.

Mr Babatunde Irukera, the Executive Vice Chairman of FCCPC, explained that the engagement was to check whether the company implemented a change in terms and conditions in line with the commission’s mandated steps.

According to him, the agency’s orders were broad and it will be important that compliance was prioritized.

“Although we cannot, and did not regulate price except in limited circumstances requiring presidential approval and gazetting.

“As such, our order to MultiChoice did not prevent them from pricing their services in a manner acceptable between them and their subscribers.

“We regulate price gouging. The nature of gouging is post-fact, meaning that when a price movement occurs, we can investigate to determine if it is excessive, exploitative, unrestored or manifestly unjust.

“Such is a very intricate investigation and the fact of the existence of any increase is not the entire evidence.

“There is a method to analyse the increase and other circumstances leading to it.

“As in the case of pharmacies, we are prosecuting for inordinate increases of certain products during early stages of the COVID-19 pandemic.

“For now, the first check with MultiChoice is whether they implement, or intend to, a material change in terms and conditions (of which price is one) without the steps the Commission has mandated as conditions precedent,” he said.

Business Post had reported that MultiChoice on March 22 in a statement, announced the increase in DStv and GOtv subscription rates, blaming it on rising cost of inflation and business operations.

The rates are Xtraview +PVR access fee formally N2,300, now N2,900, Business will now go for N2,669, Padi formally N1,850 will now be N2,150, Yanga formally N2,565 will now be N2,950, Confam formally N4,615 will now be N5,300.

Also, Compact formally N7,900 will now be N9,000, Compact Plus formally N12,400 will now be N14,250, while Premium which was N18,400 will now go for N21,000.

For GOtv, Max formally N3,600 will now be N4,150, Jolli formally N2,460 is now N2,800, Jinja formally N1,640 will now go for N1,900 and Lite formally N800 will now be N900.

The company said the new rates would take effect from April 1.

Prior to that, FCCPC had ordered the company to introduce a price lock option that allowed subscribers to maintain the same subscription fee for a minimum period of one year subject to a contractual agreement that clearly specified the applicable terms and conditions.

The commission also directed the company to have a better value for money proposition for annual prepayment of subscription, including the ability to suspend subscription at least once every quarter of the year.

FacebookTwitterLinkedInWhatsAppGoogle Bookmarks

Don’t MissPDP Governors List Failures of Buhari Administration

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Click to comment

General

PDP Governors List Failures of Buhari Administration

PDP Governors

By Modupe Gbadeyanka

Governors elected under the platform of the opposition Peoples Democratic Party (PDP) have lamented the excruciating hardship and suffering Nigerians are currently going through.

The Governors under the PDP Governors’ Forum said the ruling All Progressives Congress (APC) has turned the country upside down, making life very difficult for citizens.

They said the lives of Nigerians under the administration of President Muhammadu Buhari have been miserable unlike when the PDP was in power from 1999 to 2015.

At the end of their meeting in Aba, Abia State, they said the opposition party was ready to “take over and offer qualitative leadership options to rescue the nation,” appealing to Nigerians “to reject the APC” in the 2023 general elections.

They claimed the failures of the ruling party as below;

Diesel which is critical for the running of SMEs was N131.47 in 2015, it now costs above N700

  1. Fuel: Official and Black-Market was N87/155 in 2015, it now costs N167/350.
  2. Aviation Fuel/Air Ticket Rate on Domestic Flights was N110 per Litre/N18,000 in 2015, it now hovers around N700 per Litre/N70,000, where available. Indeed, the scarcity of fuel that has resulted in the loss of several man-hours is a disgrace to Nigeria.
  3. The collapse of the National Grid (126 times in 7 years – (June 2015 to March 2022) and its consequences for non-availability of power is most unfortunate.
  4. Kerosene (NHK) used by the ordinary Nigerian for cooking and power was N180 in 2015, it now sells at N450.
  5. Liquefied Petroleum Gas (LPG) – 12.5kg Cylinder sold for N2,400 in 2015, is now sold at between N8,750 and N10, 000.
  6. Prices of basic foodstuffs are now three times higher than what they used to be in 2015. Staple foods such as rice, beans, cassava flakes are now slipping out of the hands of average Nigerians. Indeed, a Bag of Rice sold for N8500 in 2015 is now N39,000.
  7. Electricity was N14.23 per kilowatt in 2015, it is now N38.530, and not even available.
  8. The unemployment rate was 11.4% in 2015, it is now over 33%, one of the highest in the world.
  9. The poverty rate in 2015 was 11.3% but now about 42.8%.
  10. Accumulated Inflation in 2015 was about 4%, it is now 15.50%; Inflation Rate was 9.01% in 2015 and now 15.7%.
  11. Perhaps the Exchange Rate has been one of the most disastrous. N150 to a dollar was the parallel market (patronised by most businessmen and Nigerians) rate in 2015, it is now about N580 to $1 in the parallel market and still rising.
  12. Debt and Debt Servicing: Domestic Debt of N8.4T and External Debt of USD 7.3b was incurred between 1999-2015.

While Domestic Debt of N7.63T (June 2015-Dec 2020) and USD28.57b as at Dec 2020 was incurred.  External debt of USD21.27b was incurred between June 2015 and 2021.

  1. National Debt to GDP Ratio was 23.41% (2016) it is now 36.88% (2022).
  2. The Corruption Index has risen from 136 in 2015 to 150 now.
  3. Nigeria’s Misery Index, an indicator used in determining how economically well off the citizens of a country are, is usually calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate, which has moved from 14.75 per cent in 2015 to 50.48 (2021).
  4. The major threat to the agricultural sector and food security in Nigeria is insecurity. In the northeast of Nigeria, it is estimated that no fewer than 70,000 hectares of arable farmland have been abandoned in the affected States and Local Government areas. The trend is the same all over the country. This further contributes to food inflation. The APC led Federal Government must take steps to cooperate with States to bring security down to the grassroots.

In addition, the Governors accused the Nigerian National Petroleum Company (NNPC) Limited of siphoning money with the support of Mr Buhari, who doubles as the Minister of Petroleum.

READ ALSO  Fuel Scarcity May Last For Another Two Weeks, Says IPMAN

“The PDP Governors once again decried the inability of the NNPC to make its statutory contributions to the Federation Account, in spite of oil selling at above $110. It is patently unconstitutional for NNPC to determine at its whim and discretion when and what to pay to the Federation Account, as it is a mere trustee of the funds for the three tiers of Government: Federal, States and Local Governments. We once again, call for investigations and audits of the quantity of consumption of fuel ascribed to Nigerians and for the deployment of technology at the filling stations to determine in a transparent manner the volume of consumption.

“The Governors would resist any further attempt by NNPC to ascribe unsubstantiated subsidy claims to other tiers of government.

“NNPC deducts N8.33 billion monthly for the rehabilitation of the refineries in Nigeria. To date, no refinery is working.

“On priority projects of the nation’s oil industry, NNPC deducted N788.78 billion for various investments between 2018 and 2021 without recourse to FAAC.

“NNPC in 2021 alone claimed to have paid over One Trillion Naira as petroleum subsidy. Indeed, in the month of March 2022, N220 billion was deducted as oil subsidy with a promise that N328 billion will be deducted in April 2022. This is unacceptable.

“NNPC and FIRS, as well as other remitting agencies, continue to apply an exchange rate of N389/$1 as against the Import and Export window of N416/$1. The extent of this leakage can be better felt if this rate is compared to the current N570/$1.

“From available records about N7.6T is withheld between 2012 and 2021, by NNPC from the Federation Account. All these are said to be payments for oil subsidies.

“Conclusively, we believe that all these leakages in NNPC have been made possible because the President is also the Minister of Petroleum. The urgent separation of these two portfolios has become necessary,” they alleged.

FacebookTwitterLinkedInWhatsAppGoogle Bookmarks

Continue Reading

General

National Assembly Appeal Judgement Against Electoral Act

Published

on

Sign Electoral Act

By Adedapo Adesanya

Lawmakers in the Senate and House of Representatives have resolved to appeal the judgement which directed the Attorney General of the Federation (AGF) to delete Section 84 (12) of the newly signed Electoral Act.

This followed a deliberation on the court order during Wednesday’s plenary in both chambers of the National Assembly in Abuja.

At the Senate, Mr George Sekibo led some other senators to move a motion on the urgent need to appeal the judgement of the Federal High Court in Umuahia on the suit on the controversial section of the Act.

In seconding the motion, Mr Sabi Abdullahi described the move as a timely intervention, saying its content was straightforward.

Mr Gabriel Suswam, who also supported the motion, said he believes time is of the essence and the motion is straightforward for the appropriate channel to appeal.

“In making an appeal, we do not necessarily need the guidance of the Committee on Judiciary, Human Rights and Legal Matters.

“I think we should just go ahead and pass this motion as presented,” he said.

The lawmakers, in their resolution, agreed to appeal the judgement in a suit marked FHC/MU/SC/26/2022 to set aside the decision of the court.

READ ALSO  NCC Awards N336 Million Research Grants To Universities In 5 Years – Danbatta

For members in the lower chamber, they claimed that the clause in question was directed at political appointees and not civil servants,  insisting that the court passed a judgement on a matter which was not included in the Electoral Act passed by the National Assembly.

The lawmakers questioned why the National Assembly was not joined as a respondent to the suit, stressing that the action of the judge was an aberration.

Responding, the Speaker of the House, Mr Femi Gbajabiamila, said he would not allow the National Assembly to be ridiculed.

He queried why the judgement was obtained in Abia State, insisting that only the National Assembly has the constitutional authority to alter any part of the legislation which it passed.

Mr Gbajabiamila, therefore, appealed to the AGF not to hastily implement the court judgement, and not to get into the legitimate functions of the parliament.

President Muhammadu Buhari assented to the Electoral Act 2022 on February 25 following a series of attempts by the National Assembly to amend the nation’s electoral laws.

Business Post had reported last week that Justice Evelyn Anyadike of the Federal High Court in Umuahia, Abia State ordered the AGF to delete the section from the Act.

She held that the section was unconstitutional, invalid, illegal, null, void and of no effect whatsoever and could not stand, saying it was in violation of the clear provisions of the Constitution.

FacebookTwitterLinkedInWhatsAppGoogle Bookmarks

Continue Reading

General

Residents of Oluyole Ibadan Get N30,000 COVID-19 Relief Fund

Published

on

COVID-19 Relief Fund

By Modupe Gbadeyanka

About 150 residents of Oluyole in Ibadan, Oyo State will receive N30,000 each from the federal government to help them cushion the effect of the COVID-19 pandemic.

The money was facilitated by a lawmaker representing Oluyole Federal Constituency at the National Assembly, Mrs Tolulope Akande-Sadipe.

About two years ago, the world was hit by the virus, causing many countries to shut down their economies and restrict the movement of people.

It was not different in Nigeria, where President Muhammadu announced a lockdown in Lagos and other cities from March 29, 2020.

For more than two months, Nigerians could not go out for work as efforts were put in place to control the spread of the deadly virus. This brought untold hardship on citizens.

In order to cushion the effect, the federal government came up with the COVID-19 Relief Fund, while corporate organisations came together to donate food items to Nigerians.

For Mrs Akande-Sadipe, she did her best for her constituents and recently, she facilitated the COVID-19 support funds for 150 constituency members.

In a statement on Tuesday in Ibadan, the lawmaker said that the fund would provide a sort of relief to her constituents, noting that the N30,000 would go a long way to help beneficiaries.

She underscored the need to reach out to members of her constituency through the support of the federal government, saying the pandemic has rendered many jobless at this time.

She stated that the beneficiaries were drawn from all the wards in Oluyole Federal Constituency, adding that, “The fund is meant to cushion effects of the COVID-19 pandemic on Nigerians and I hope the funds will be used to generate revenue to alleviate the economic hardship brought on by the pandemic.”

Mrs Akande-Sadipe, however, urged continuous observation of all precautionary measures that the government and health authorities have prescribed, to stay safe.

She called on Nigerians to still be on the lookout for mild symptoms that are associated with the virus, such as common cold, headaches, dry cough, itchy throat, difficulty in breathing and general body and joint pains, among other symptoms.

Leave a Reply

Your email address will not be published.

Total
0
Share