The commission is also budgeting N51.51 million for generator fuel and electricity despite claiming to “promote sustainable energy development in Nigeria through the production of strategic plans and coordination of national policies…”

It is also setting aside N260 million for 4 Hilux vehicles for project inspection and monitoring, putting the cost of power and the vehicles at N311.52 million.

The commission is supervised by the Minister of Science, Technology and Innovation, Mr Uche Nnaji.

READ ALSO:2024 budget – Fed ministry of Housing and urban Development lists priority projects

Dr Mustapha was appointed by President Bola Tinubu in October 2023 to replace Prof. Eli Bala as the director-general/chief executive officer of the commission.

The commission’s vision, which can be seen on its X handle, is targeted at “adequate, reliable, cost-effective and sustainable energy supply for the nation’s economic and socio-political development.”

Questions have arisen as to what happened to the commission’s vehicle for the former CEO and those previously used for project inspection in the commission.

Three text messages sent to a number said to belong to the commission requesting an explanation were not replied.

READ ALSO: Ondo State Commissioner for Infrastructure, Lands, and Housing Resigns Following Akeredolu’s Demise

Market prices are different

On Jiji.com, the price of a 2023 Toyota Land Cruiser Jeep is N160 million, according to Economy Post‘s checks. The 2022 model costs N135 million.

On autocheck.com, the 2022 brand costs N108.015 million. Generally, prices of cars and vehicles vary according to their status, year of manufacture, country, among other variables.

Source: Economypost NG

The post Energy commission budgets N190m for DG’s Land Cruiser, N312m for fuel, Hilux appeared first on Housing TV Africa.

The new pricing structure has pushed the retail cost of a liter of petrol to an unprecedented level, exceeding 200 Kenyan shillings ($1.36).

Kenya is already grappling with a harsh cost of living crisis marked by soaring prices for essential commodities, the introduction of several new taxes, and a depreciating national currency.

Throughout the year, opposition protests against President William Ruto’s government and its economic policies have erupted, with some turning violent and resulting in casualties.

Read Also: How Singapore Solved their Housing Crisis After WWII

Under the revised pricing system in effect from Friday until October 14, the cost of a liter of petrol in the capital city of Nairobi has surged by nearly 17 shillings, reaching 211.64 shillings ($1.44), while diesel now stands at 200.99 shillings.

In response, matatu fares—minibuses widely used for transportation in Kenya—are expected to increase by 20 percent nationwide, as reported by the Matatu Owners Association.

Government officials have partially attributed this increase to a reduction in oil production announced earlier in the month by major producers Saudi Arabia and Russia, which has propelled global crude prices to their highest point in 10 months.

Energy Minister Davis Chirchir acknowledged the difficulty of the situation, stating, “There’s nothing much we can do… certainly the pain is heavy, it’s not going to be easy.” Kenya experienced a series of anti-government protests earlier in the year.

Read Also: National Housing Fund: Banks, insurers’ keeps owing… as HDAN threaten to sue CBN

The post Kenya Fuel Prices Soar, Worsening Crisis. appeared first on Housing TV Africa.