NERC Must Suspend New Electricity Tariff Adjustment – FG

The Minister of Power, Sale Mamman has ordered the Nigerian Electricity Regulatory Commission (NERC) to suspend a fresh electricity tariff adjustment immediately.

He recently revealed that every plan should be halted until a committee set up for the purpose submits its recommendation by the end of January 2021.

According to him, great progress has been made in these deliberations which are set to be concluded at the end of January, 2021, so it is best to wait till that time.

He added that holding on will allow for the outcome of all resolutions from the committee to be implemented together.

“The public is aware that the federal government and the labour centers have been engaged in positive discussions about the electricity sector through a joint ad-hoc committee led by the Minister of State for Labour and Productivity and co-chaired by the Minister of State for Power.

“Great progress has been made in these deliberations which are set to be concluded at the end of January, 2021.

“To promote a constructive conclusion of the dialogue with the labour centers (through the joint ad-hoc committee), I have directed NERC to forestall the implementation of the duly performed minor review (which adjusted tariffs between N2 per kWh and N4 per kWh) until the conclusion of the joint ad hoc committee’s work at the end of January 2021.

“This will allow for the outcome of all resolutions from the committee to be implemented together. The administration is committed to creating a sustainable, growing and rules-based electricity market for the benefit of all Nigerians.”