HighlightTrending Story

Suspend Electricity Tariff Hike, Reps Orders National Electricity Regulatory Commission

936
Advertisement




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  Reps approve N24bln refund to Kebbi, Nasarawa for airports' takeover

Leave a comment

Related Articles

Tinubu Taps Accountant Elebute to Chair FRCN Board

By Omoyeni Ojeifo President Bola Ahmed Tinubu has appointed expert financial management...

Xenophobia: 1,000 More Nigerians Await Emergency Evacuation from South Africa

By Omoyeni Ojeifo About 1,000 more Nigerians are awaiting evacuation from South...

YEEP ’26 Launches New Drive to Empower Youth with Vital Business, Innovation Skills

By Maryanne Awuya The Youth Entrepreneurship and Empowerment Programme (YEEP’26) has reaffirmed...

Nigeria’s BOP Surplus Drops to $2.38bln in Q1 2026

By Samuel Akpan Nigeria posted a balance of payments surplus of $2.38...