Disco to Disconnect Unijos Over N80m Debt

Date:

May 22, 2024.

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Azonuchechi Chukwu.

The University of Jos is grappling with a steep increase in its monthly electricity bill, which has surged by 300% to N80 million as threats of disconnection looms.

 

The management of the Jos Electricity Distribution (JED) Plc has already issued a disconnection threat due to the institution over unpaid bills, adding to the university’s financial woes.

 

This sharp rise in costs was disclosed by the Vice Chancellor, Prof. Tanko Ishaya, during a peaceful protest led by members of the Academic Staff Union of Universities (ASUU) at the institution.

 

According to him, costs went from N20-30 million to a staggering N80 million due to recent tariff hikes, especially affecting Band A consumers, NAN reported.

Prof. Ishaya highlighted the severe financial strain this increase places on the university, noting that the monthly allocation from the government is grossly insufficient to cover the new electricity expenses.

“We budgeted between N20 to N30 million monthly for our electricity bill, but with the new tariff, JED gave us a bill of N80 million for April,” Ishaya explained.

He further revealed that the university’s monthly overhead stands at just N14 million, a figure dwarfed by the current electricity costs.

In an effort to manage these essential services, the university recently increased student charges, but this measure has proven inadequate.(www.naija247news.com).

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247newshttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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