The Nigerian Electricity Regulatory Commission has been directed to suspend the planned bi-annual adjustment in electricity tariff until the joint ad-hoc Committee concludes their discussion by the end of January.
The directive was contained in a statement by the Minister of Power, Sale Mamman, on Thursday January 7th, 2021.
NERC had on Monday, issued a circular regarding the planned bi-annual minor review of electricity tariff across all bands between N2 per kWh and N4 per kWh.
The minister, in the statement, explained that the order is to ensure that a constructive conclusion is reached between the labour unions and the Federal Government.
According to the minister, The public is aware that FGN 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 adding that a . Great progress has been made in these deliberations which are set to be concluded at the end of January 2021.
He said that some of the achievements of this deliberation with Labour are the accelerated rollout of the National Mass Metering Plan, clampdowns on estimated billing, improved monitoring of the Service-Based Tariff, and the reduction in tariff rates for bands A to C in October 2020 (that were funded by the creative use of taxes).
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