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Okechukwu Nnodim
Okechukwu Nnodim
Published 1 May 2021
The Minister of Power, Sale Mamman, on Friday dismissed concerns of a major hike in electricity tariff, as he clarified that there was no plan to significantly raise tariff.
Mamman said instead of a significant hike in electricity tariff, Nigerians should expect increased efficiency in the sector to reduce tariff, while managing headwinds from foreign exchange and inflation.
The clarification came amidst reports of a possible major increase in the tariff payable by electricity consumers nationwide beginning from July this year.
The power minister in a statement issued in Abuja, which he personally signed, stated that the order by the Nigerian Electricity Regulatory Commission on April 26, 2021 titled “Notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies,” was a routine procedure.
No Plan To Significantly Raise Electricity Tarrifs – FG channelstv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelstv.com Daily Mail and Mail on Sunday newspapers.
Decry estimated billing Stakeholders in the electricity sector, yesterday, said the Federal Government’s intervention in the power sector, especially efforts being made to address challenges limiting the capacity of distribution companies (DisCos) is necessary to improve electricity supply. The experts also insisted that funding by the Centre Bank of Nigeria (CBN) hovering around N120 billion could drastically reduce the lingering challenges of arbitrary billing of end-users and ensure evacuation of stranded generation capacity. With an estimated metering gap of five million, electricity customers had repeatedly raised concerns over arbitrary billing. The Federal Government through the CBN last year, launched a mass metering programme to improve revenue collection and ensure a lasting solution to estimated billing.
How CBN s 120bn intervention is pushing power sector growth - Stakeholders vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.