Nigerian FG directs NERC to reverse electricity tariff

(featured image from pixabay)

The minister of power, Mr Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to reverse the increased tariffs to that of what it was in December 2020.

This directive was made from the minister’s twitter handle on Thursday, 7th of January 2021.

He said that He had directed NERC to inform all electricity distributing company to continue with the tariff of December 2020 till the end of January 2021. This, he said would promote the conclusion of the dialogue with labour centres.

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Speaking on the false news that the tariff has been increased by 50% and assuring electricity consumers, he said, “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% 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, progress has been made in these deliberations, which are set to be concluded at the end of January.

Highlighting the acceleration of the rollout of National Mass Metering Plan and clampdowns on estimated billing as some of the achievements of the deliberation between the FG and labour

“Improved monitoring of the Service-Based Tariff and the reduction in tariff rates for bands A to C in October 2020 (that were funded by a creative use of taxes),” he said.

He further reiterated that the FG was to provide policy guidance and an environment that is enabling for investors to engage customers and not to set tariffs.

While commending the regulation for implementing and subsidizing regulations and ensuring there are extensive actions in place to minimize the adverse impact on end-user tariffs.

“The administration is committed to creating a sustainable, growing and rules-based electricity market for the benefit of all Nigerians.

“The administration and the Ministry of Power will also continue to devise means to provide support for vulnerable Nigerians while ensuring we have a sustainable NESI,” he said.

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