By EricJames Ochigbo Abuja, May 20, 2021 The House of Representatives has urged the Nigerian Electricity Regulatory Commission (NERC) to rescind its decision to further increase electricity tariff in June. The call was sequel to a unanimous adoption of a motion by Rep. Aniekan Umanah (PDP-Akwa Ibom) at plenary on
The house of representatives has asked the Nigerian Electricity Regulatory Commission (NERC) to suspend its plan to increase electricity tariff in June.
There will be no increase in the price of Premium Motor Spirit, also known as petrol, in the month of June, the Federal Government has assured Nigerians.
The Minister of State for Petroleum Resources, Mr Timipre Sylva, gave the assurance in a statement on Friday in Abuja, the Federal Capital Territory.
He noted that while the decision of the government was in contradiction to the present situation in the petroleum markets, it remained committed to its engagement with the organised labour.
“Once again, it has become necessary to assure Nigerians that despite the huge burden of under-recovery, the Federal Government is not in a hurry to increase the price of Premium Motor Spirit (petrol) to reflect the current market realities.
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