x

FG extends suspension of new electricity tariff by one week

The Federal Government has extended the suspension of the new electricity tariff by one week.

Recall that the new tariff was earlier suspended for two weeks which ended at midnight on October 11, following an agreement the FG reached with organized labour. 

Prof. James Momoh, Chairman of Nigeria Electricity Regulatory Commission (NERC) who made announcement of the extension at a meeting which was held at the Presidential Villa in Abuja last night, said the decision was reached to enable the ad hoc Technical Committee on Electricity Tariff review and work out modalities for the implementation of the agreement reached on the electricity tariffs structure.

As part of palliatives in the power sector, the federal government said it had approved six million meters to be distributed across the country.

The Minister of State for Power, Prince Goddy Jedy-Agba said one million meters were already available and that distributions would start within the week. He disclosed that the distribution would be completed before December.

The resolution read by the Chairman of the Technical Committee and Minister of State for Labour and Employment, Mr. Festus Keyamo, said; 

 “The committee adopted a two-phase approach to proffer solutions that would help resolve issues affecting the sector in the medium term, whilst providing relief to customers immediately.

“The immediate relief would be provided to citizens for a 2 to 3-month period (not later than December 31, 2020), being the timeline for the conclusion of an extended scope of work for the Technical Committee”.

The resolution which made provision for salary protection for electricity workers, also revealed that the federal government accepted to procure six million meters to be distributed by the Discos to electricity consumers without metres. 

There will also be a reduction in tariffs by 10 percent for band A, 10.5 percent for band B and 31 per cent for band C.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

SOKOTO – BUA Cement Trains 60 Youths on Heavy-Duty Machinery Operation

By Muhammad Ibrahim, Sokoto BUA Cement has launched a Host...

Xenophobia, ‘Nigerians-Must-Go’ protests and ECOWAS Protocols

By Patrick Wemambu When visitors to a country become more...

Floods Wreak Havoc in Plateau, Bauchi, Niger, as FG Raises Red Alert Across Nigeria

Severe floods triggered by heavy downpours on Sunday have...

Access Bank: A Hub For Africa’s Financial Superpower

In today’s ever-evolving financial landscape, few institutions can claim...

Scrabble Stars Battle for N10m at Gov. Diri Championship

By Amgbare Ekaunkumo, Yenagoa Top Scrabble players from across Nigeria...

Northern CAN Leaders Visit Benue, Reject ‘Herders-Farmers Clash’ Narrative

...Pledge sustained advocacy...“Your presence is Christ sitting with us”...

Expect More Development — Gov. Aliyu Assures Sokoto Residents

By Muhammad Ibrahim, Sokoto Governor Ahmed Aliyu of Sokoto State...

We Have Brought Inclusive Development to Plateau — Governor Mutfwang

By Israel Adamu, Jos The people of Plateau State made...
spot_img

Related Articles

Popular Categories

spot_imgspot_img