The Federal Government has asked the Nigerian Electricity Regulatory Commission (NERC) to suspend the implementation of the new electricity tariff until January ending.
The Minister of Power, Sale Mamman, in a statement on Thursday, said the suspension had become necessary to allow the conclusion of the ongoing discussion with labour unions on issues in the industry.
He said the deliberations with a labour union through a joint ad-hoc committee had led to the accelerated rollout of the National Mass Metering Plan and clampdowns on estimated billing.
He added that the committee was able to achieve improved monitoring of the service based tariff and reduction in tariff rates for bands A to C in October 2020.
The statement is entitled ‘My statement on the false claim of 50% increase in tariff.’
“To promote a constructive conclusion of the dialogue with the Labour Centers (through the Joint Ad-Hoc Committee), I have directed NERC to forestall the implementation of the duly performed minor review (which adjusted tariffs between N2 per kWh and N4 per kWh) until the conclusion of the Joint Ad Hoc Committee’s work at the end of January 2021,” Mamman said.
He added, “The public is aware that FGN and the labour centers have been engaged in positive discussions about the electricity sector through a joint ad-hoc Committee led by the Minister of State for Labour and Productivity and Co-Chaired by the Minister of State for Power.
“Great progress has been made in these deliberations, which are set to be concluded at the end of January, 2021.”
He stressed that media reports regarding 50 per cent reduction increase in electricity tariff were inaccurate and false, saying it had led to confusion within the public.
According to the minister, bi-annual minor reviews to adjust factors such as inflation are part of the process for a sustainable power supply.
He said, “On the contrary, the Nigerian government continues to fully subsidise 55 per cent of on-grid consumers in bands D and E and maintain the lifeline tariff for the poor and underprivileged.
“Those citizens have experienced no changes to tariff rates from what they have paid historically (aside from the recent minor inflation and forex adjustment). Partial subsidies were also applied for bands A, B and C in October 2020.”
According to him, these measures are aimed at cushioning the effects of the pandemic while providing more targeted interventions for citizens.
Add your voice
People reading currently
FuturizeU supports development of innovative healthcare products in Africa
Futurize and AstraZeneca are investing in social entrepreneurs who are developing innovative products that are addressing healthcare equity and early...
Saudi Fund for Development advocates Climate Change Mitigation, Social Infrastructure Investments in Africa
The Saudi Fund for Development (SFD) has advocated for the preservation of heritage projects in Africa through initiatives such...
Catalyst Fund Raises First Round of $40 million investment in African Climate Startups
The Catalyst Fund has achieved the initial close of its $40 million fund for investing in climate startups in Africa....
Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad
A Danish football club, Aarhus Fremad announced on Tuesday that it has sold 55 percent of its shares to the...
MRI is increasing survival rate of women with breast cancer- PPC
PPC Limited, Nigeria’s leading engineering and infrastructure development company with footprints across Nigeria’s healthcare landscape, says that the advancement of...
Appeal court upholds Senator Ademola Adeleke’s win in Osun
The Court of Appeal Abuja has overturned the ruling of the Osun State Governorship tribunal and has declared Senator Ademola Adeleke...
Lawmaker demands revamp of bank e-payment platforms
The members of the House of Representatives have demanded that the Central Bank of Nigeria (CBN) direct banks to revamp...
We’ve disbursed N20bn to alleviate cash crunch, CBN tells NLC
The Central Bank of Nigeria (CBN) met with the leadership of the Nigeria Labour Congress (NLC) in Abuja on Thursday,...
Apply for Amazon Accelerator programme for fintech founders
Application closes April 27, 2023 Today, Amazon Web Services’ Startup Loft Accelerator team announced the inaugural launch of its AWS...
Fully Funded Rotary Peace Fellowships for Masters students
Application Deadline: May 15, 2023 Each year, Rotary awards fully funded fellowships for dedicated leaders from around the world to...