HighlightTrending Story

Suspend Electricity Tariff Hike, Reps Orders National Electricity Regulatory Commission

129

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.

Leave a comment

Related Articles

London sword attack on Anjorin: 36-year-old suspect in police net

The 36-year-old suspect in the fatal London sword attack is currently being...

14-year-old Nigerian-born, Daniel Anjorin named as the victim of a sword attack in London

The 14-year-old boy killed by a sword-wielding man in Hainault, London has...

Lagos Landmark Beach demolition: FG compensates tenants, business owners

In response to mounting tension over the demolition of buildings and businesses...

Lagos gas explosion: One tragedy too many, pregnant woman, eight others seriously injured

A gas explosion in the Ajegunle-Apapa area of Lagos has left at...

FG signs Executive executive order to unlock $10bln investment in oil and gas

President Bola Tinubu has signed an Executive Order to unlock up to...

Port Harcourt-Aba train service inaugurated amid citizens’ excitement

The commercial train service for the Port Harcourt-Aba line began operation on...

Nigeria to produce 4,000 metric tonnes of lithium daily – VP Shettima

In the not-too-distant future, President Bola Tinubu will inaugurate Nigeria`s largest lithium...

Breaking: NFF appoints Finidi George as Head Coach of Super Eagles

The Board of the Nigeria Football Federation has approved the recommendation of...

Just in: Edo Gov. Obaseki announces N70, 000 new minimum wage

Ahead of the announcement of a new minimum wage by the Federal...

Customers Not Enjoying 20 Hours Electricity Will Not Pay New Tariff – Adelabu

The Minister of Power, Dr. Adebayo Adelabu, has said any customer not...

Monarch wants writers to participate in politics as Dr. Omotosho emerges as first SWAF president

A prominent monarch in Ogun State and Olowu of Owu in Abeokuta,...

$1m bribe: Apologise in a week or face legal action, Sports Minister Enoh tells Bash Alli

The Minister of Sports Development, Sen. John Enoh, has said that he...

Contract variation: FG pays Julius Berger N20bln for Bodo-Bonny Road

The Federal Government says it has paid Julius Berger a N20 billion...

Breaking: Ondo Gov. Aiyedatiwa’s campaign coordinator assassinated

Alaba Excel Abbey, one of the campaign coordinators of Gov. Lucky Aiyedatiwa...

Man jumps into Lagos Lagoon while evading arrest

A man simply identified as Azeez has jumped into the Lagos lagoon...

South African Police kill Nigerian in his house, NUSA mourns

The Nigeria Union South Africa (NUSA) has been thrown into grief following...

UBA increases stake in Kenya, Uganda subsidiaries, eyes East Africa market

Pan-African banking group, United Bank for Africa (UBA) says it has acquired...

EFCC Chairman Appoints Chief Of Staff, 14 Zonal Directors

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola...

EFCC confirms refund of $760,000 paid by ex-Gov. Bello for children’s school fees

The Economic and Financial Crimes Commission has confirmed the receipt of the...

FCT SWAN elections inconclusive, Election Committee declares, rerun in two weeks

The FCT Chapter has declared Friday’s elections into the various offices inconclusive....