The Manufacturers Association of Nigeria (MAN) said that the suspension of electricity tariff increase as announced by the federal government yesterday is only a temporary relief and called for wide consultations that will lead to lasting solution.
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Mr Segun Ajayi-Kadir, MAN Director-General, said this, while reacting to the Federal Government directive to the Nigeria Electricity Regulatory Commission (NERC) to suspend the recent hike in electricity tariff.
Recall that NERC had on Tuesday adjusted upward tariff review from N2.00 to N4.00 for some bands, while citing the partial impact of inflation and movement in foreign exchange rate.
Ajayi-Kadir said the three weeks respite was to accommodate the spirit of the agreement between the Labour Union and the Federal Government on the tariff increase.
“Though there is a possibility that the increase may be reconsidered during this period, there is no doubt that the National Electricity Regulatory Commission is already anticipating an increase.
BREAKING: FG directs reversal of electricity tariff adjustment BREAKING: FG directs reversal of electricity tariff adjustment
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The Minister of Power, Mr Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies (DISCOs) to revert to tariffs that were applicable in December 2020.
Mr Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a statement in Abuja, on Thursday.
He said that the reversal to the old tariff was to promote a constructive conclusion of the dialogue with the Labour Centres (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 Labour committee work will be concluded.
Nigerian government has directed the Nigerian Electricity Regulatory Commission (NERC) to suspend the implementation of the recently reviewed 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,” power minister Sale Mamman said in a statement.
“This will allow for the outcome of all resolutions from the Committee to be implemented together. The Administration is committed to creating a sustainable, growing, and rules-based electricity market for the benefit of all Nigerians.”