Tag: Electricity Tariff

‘N3.2tr subsidy required to reverse electricity tariff hike’- NERC

Aminu Imam
NERC on tariff

Chairman of the Nigeria Electricity Regulatory Commission, (NERC), Sanusi Garba, yesterday, said the Federal Government of Nigeria will need about N3.2trillion in 2024 to reverse the recent hike in electricity tariff. He added that if a total sectoral overhauling was not carried out, including fluctuation in foreign exchange, power supply in Nigeria would continue to pose a challenge. Speaking in Abuja, at a stakeholders’ meeting convened by the House of Representatives Committee on Power, Garba said that current investment in the sector, though commendable, was not good enough to guarantee…

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“Stop deceiving Nigerians, tariff hike ‘ll worsen economic woes” – Electricity workers tell FG

Aminu Imam
Electricity workers

Workers in the nation’s power sector have asked the Federal Government to stop deceiving Nigerians over the 300 percent hike in electricity tariff, and called for it reversal to avoid further socio-economic woes. While advising the Government to come clean on the hike and not be economical with the truth, they described the hike as nothing but another anti-people policy. Under the aegis of the National Union of Electricity Employees, (NUEE), the workers warned that if any of their colleague is attacked in the line of duty over the tariff…

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Tariff hike: ‘FG still subsidising electricity’ – Adelabu

Aminu Imam
Minister, Adelabu

Minister of Power, Adebayo Adelabu, has said the Federal Government is still paying subsidies on electricity despite the recent hike in tariff for Band-A customers. Speaking in an interview during a television programme  on Thursday, he explained that the Government has about N1.8 trillion to pay in electricity subsidy for 2024. According to him, “The Electricity Act, 2023 made provisions for the review of tariff twice a year”. He added that review of tariff is legal once it is within the exclusive responsibility of the Nigerian Electricity Regulatory Commission, (NERC),…

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Electricity Tariff Hike: ‘H’Reps will intervene’ – Dep. Speaker

Aminu Imam
Dep. Speaker, Kalu2

Deputy Speaker of the House of Representatives, Benjamin Okezie Kalu, has stated that the House of Representatives will debate the propriety of the recent increase in electricity tariffs when plenary resumes later this month. Recall that the recent 300 percent increase in electricity tariffs for Band-A customers has raised concerns across the country. Speaking virtually on  a radio programme in Umuahia, Abia State, on Monday, Kalu said the 10th Assembly, in response to Nigerians’ calls for its intervention in the matter, would take a ‘win-win’ approach to resolving the issue.…

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DisCos fail to provide 20 hrs of power to Band-A customers

Aminu Imam
DisCos

…Blame ‘system outages’  Electricity distribution companies (DisCos) have started publishing their inability to meet the required power supply as directed by the Nigerian Electricity Regulatory Commission, (NERC). Recall that on April 3, NERC approved an increase in electricity tariff for customers under Band-A classification, from N66 to N225. Under Band A, customers are entitled to a minimum of 20 hours of power supply per day and all DisCos have been authorised to implement the policy immediately. However, to ensure transparency and accountability, NERC said where the DisCo fails to deliver on…

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FG faces backlash over electricity tariff hike

Aminu Imam
National Grid

…As anxiety mounts on plan for general increase Nigerians are expressing outrage over the recent electricity tariff hike by the Federal Government, fearing it will worsen the economic hardship already faced by most citizens. The plan for a general increase in tariffs across all bands has heightened anxiety among citizens, with groups like the Nigeria Labour Congress, (NLC), condemning the move as unjust. The tariff hike, approved by the Nigerian Electricity Regulatory Commission, (NERC), affects customers under Band A, increasing their rates by 240 percent. This decision, attributed to rising…

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Sen. Ndume urges FG to reverse electricity tariff

Aminu Imam

…Says timing wrong Borno-South senator, Ali Ndume, has called for the reversal of the hike in electricity tariff. Ndume, who spoke in an issuef statement made available to newsmen in Abuja yesterday, said the timing of the hike is not right, as Nigerians are yet to recover from the removal of fuel subsidy. Recall that the Federal Government, through the Nigerian Electricity Regulatory Commission, (NERC), recently approved a 300 percent tariff increment for Band-A consumers, allowing power distribution companies (DisCos) to raise electricity prices for city dwellers from N68 to…

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Criticism mounts over electricity hike, as NEF, CNG, Reps’ caucus urge FG to rescind decision

Aminu Imam

Criticism has heightened across the nation’s landscape, as various stakeholders have rejected the recent decision by the Federal Government to increase electricity tariffs by about 300% amidst the current challenging economic realities caused by fuel subsidy removal and floating of the naira. Expressing its concern and disappointment on the recent decision by President Bola Tinubu’s administration over the electricity tariff increase, the Northern Elders Forum, (NEF), described the hike as a “reckless move” and a complete disregard for the well-being and welfare of the Nigerian people. In an issued statement…

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“Expect more increase in electricity tariff” – FG tells Nigerians

Aminu Imam

Two days after the Nigerian Electricity Regulatory Commission, (NERC), approved increase of electricity tariff for customers under the Band-A classification, the Federal Government has hinted that a similar measure would be extended to others. Speaking at a briefing in Abuja yesterday, Minister of Power, Adebayo Adelabu, said the recent increase in electricity tariff is a pilot in phasing out of electricity subsidy in the country. He said the Government plans to remove all subsidies in the sector to allow the thriving of investment in the power sector. The Minister said:…

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Primate Ayodele blasts Tinubu’s govt. over electricity tariff hike

Aminu Imam

Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has slammed President Bola Tinubu-led government for increasing electricity tariffs by over 300%. Recall that the Federal Government announced the increment Wednesday and explained that Band-A users will be required to pay more for electricity. In his reaction, Primate Ayodele who foretold the increment last year mentioned that it will not bring any difference to the power sector because electricity will still not be as stable as it’s supposed to be.He stated that the tariff increase will affect so many people…

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