Nigerian FG announces resolutions, reliefs for Nigerians after electricity hike

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The suspension of the new electricity tariff has been extended by one week.

James Momoh, Chairman, Nigeria Electricity Regulatory Commission (NERC) confirmed this on Monday.

He spoke when the ad hoc Technical Committee on Electricity Tariff submitted its interim report at a bilateral meeting between Federal Government and the Organised Labour.

Momoh said the week extension was to enable the committee review and work out modalities for the implementation of the agreement reached on the electricity tariff’s structure.

Chris Ngige, Minister of Labour and Employment, said that adoption of the work plan to effect the resolutions has been reached.

The resolutions adopted would be implemented by all stakeholders on Sunday, October 18.

He noted that government was using 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. Band A – 10 percent reduction; Band B – 10.5 percent reduction; and Band C – 31 percent reduction.”

Agreements were also reached on National Mass Metering Programme (NMMP)