HighlightTrending Story

Suspend Electricity Tariff Hike, Reps Orders National Electricity Regulatory Commission

815


The National Electricity Regulatory Commission (NERC) has been directed to suspend the proposed increase in electricity tariffs by distribution companies across the country.

The House of Representatives gave the directive following a resolution passed during plenary on Thursday.

Persecondnews reports that the lawmakers had adopted a motion sponsored by Rep. Sani Madaki (NNPP-Kano).

Madaki said the proposed tariff hike would be burdensome for Nigerians, who are already struggling to make ends meet.

The House has mandated its committee on power to engage in discussions with NERC to seek a mutual understanding and find a middle ground to address the proposed tariff hike.

The lawmakers said the House remains committed to safeguarding the interests of Nigerians and ensuring that decisions made by regulatory bodies are in line with the welfare of the citizens.

Discos had indicated that electricity tariffs would be increased by 40 per cent due to rising petrol prices with effect from July 1.

The increase was said to be contingent on the 2022 multi-year tariff order (MYTO) which is due for a bi-annual review this month.

The MYTO is a regulatory framework that sets the prices that electricity distribution companies can charge consumers.

Persecondnews reports that electricity has not improved appreciably across the country with some states having less than five hours of electricity daily.

Author

See also  House of Reps rolls out legislative action plan to boost Nigeria's economy

Leave a comment

Related Articles

Abuja Airport Bust: 74-Year-Old Grandpa Caught Smuggling 11kg Cocaine to UK

National Drug Law Enforcement Agency (NDLEA) officers intercepted a 74-year-old man, Ikwuakalom...

The Gowon Verdict: Former Leader Rates Tinubu’s Presidency

Former Military Head of State Yakubu Gowon voiced his support for President...

Stronger Police-Media Relations Key to National Security – IGP Disu

Police Inspector General Tunji Disu has pushed for a deeper partnership with...

Nigeria’s D’Tigress Rally From Halftime Deficit to Crush Philippines in Thrilling French Showdown

Nigeria’s D’Tigress staged a thrilling second-half comeback in France this Saturday, overwhelming...