Buhari Orders Reversal Of Hiked Electricity Tariff.
The Nigerian Electricity Regulatory Commission (NERC), has been directed by the Federal Government to inform all Electricity Distribution Companies (DISCOs) to reverse to tariffs that were applicable in December 2020.
The directive was released in a statement by Aaron Artima, the Senior Special Adviser, Media and Communications to the Minister of Power, Mr Saleh Mamman, on Thursday.
He said the order to reversal to the old tariff was to promote a constructive conclusion of the dialogue with the Labor Centers (through the Joint Ad-Hoc Committee).
“I have directed NERC to inform all DISCOs that they should revert to the tariffs that were applicable in December 2020 until the end of January 2021 when the FGN and Labor committee work will be concluded.
“This will allow for the outcome of all resolutions from the Committee to be implemented together.”
Speaking further, the Minister of Power debunked reports that electricity tariff had been increased by 50 per cent.
“I would like to affirm that these reports are inaccurate and false. It is unfortunate that these reports have led to confusion with the public.
“On the contrary, Government continues to fully subsidize 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,” he said.
The Power Minister said that these measures were all aimed at cushioning the effects of the pandemic while providing more targeted interventions for citizens.
He said a joint committee led by Festus Keyamo, Minister of State for Labor and Productivity and Co-Chaired by the Minister of State for Power, Goddy Jedy-Agba was already having positive discussions about the electricity sector.
Mamman said progress has been made in these deliberations which are set to be concluded at the end of January.