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NERC recently concluded the minor review process
- FG assured Nigerians of no increase in tariff
- Says it is committed to FG/Labour Committee report
The Nigeria Electricity Regulatory Commission (NERC) is set to implement the just concluded Minor Review of electricity tariffs. The review is set to take effect on July 1st, 2021. The review takes into account economic factors such as inflation and forex.
The Minister of Power Sale Mamman had previously refuted claims that there would be a tariff increment. ”My Fellow Nigerians, There is NO plan to significantly raise Electricity Tariffs! Instead of a significant hike in electricity tariff, Nigerians should expect an increase in efficiency in the sector to reduce tariffs while managing headwinds from foreign exchange and inflation” the Minister said.
Mamman also assured Nigerians of the government’s commitment to resolutions reached by the FG/Labour Committee on the Electricity Tariffs. ”The Buhari administration remains faithful to the adopted resolutions from the Joint FGN-NLC/TUC Technical Committee on Electricity Tariffs” the Minister said.
This increment comes on the heels of agitations by consumer groups on the planned increment. The National Coordinator, All Electricity Consumers Protection Forum (AECPF) Mr. Adeola Samuel-Ilori, had recently condemned the planned increment saying “There is no justification for any increment in electricity at this point in time. We are even thinking of how government can give electricity credits to Nigerians to ameliorate their plights”.