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Despite the improving revenue in the power sector, the federal government is set to effect another tariff increase on July 1, following a notice by the Nigeria Electricity Regulatory Commission, NERC, to that effect. The government’s latest move which is part of the half-yearly review of the Multi-Year Tariff Order,
Vanguard News
FG to effect minor electricity tariff hike by July 1
On
By Obas Esiedesa
Despite the improving revenue in the power sector, the federal government is set to effect another tariff increase on July 1, following a notice by the Nigeria Electricity Regulatory Commission, NERC, to that effect.
The government’s latest move which is part of the half-yearly review of the Multi-Year Tariff Order, MYTO, has been backed by a recent report by the World Bank that every Nigerian pays less for electricity than what it costs to supply electricity to them.
The World Bank in its Power Sector Recovery Programme, PSRP, Fact Sheet noted that the government has over the years paid the difference because it wants to help poor families pay their bills.
NERC approves new tariff review applications, Capex for DISCOs
On
By Chris Ochayi – Abuja
The Nigeria Electricity Regulatory Commission, NERC, has approved new Extraordinary Tariff Review applications, Performance Improvement Plan, PIP, and Capital Expenditure, CAPEX, for electricity Distribution Companies, DIcOs effective from July 1st, 2021 till 30th June 2026.
This was contrary to the earlier position of the Minister of Power, Engr. Sale Mamman, who at the weekend allayed consumers’ fear there will be no significant tariff increase.
However the NERC orders issued Sunday to the different DISCOs, were about applications for extraordinary tariff review, Performance Improvement Plans, and capital expenditure for the next five years, beginning from 1st July this year.
Only a little over a week ago, the Special Adviser to the President on Infrastructure, Mr Ahmad Rufai Zakari faulted the report of the World Bank on the state of the Nigerian Power Sector. Mr Zakari, speaking on behalf of the Federal Government (FG) had referred to the Power Sector Recovery Programme Opinion Research Fact Sheet released by the World Bank as inaccurate.
According to the report,
“78% of Nigerians have less than 12 hours daily access of power supply and up to 58% of electricity consumers are unmetered.” The vehement defence by the FG did not also do much to provide reliable data to debunk the World Bank’s numbers. This gaffe, added to the recent power supply statistics in the country make it difficult for the FG’s rejoinder to be believed.