FG Directs NERC To Suspend Adjusted Tariff

FG has directed NERC to suspend the recently adjusted electricity tariff.

News Rain Nigeria reports that federal government on Thursday directed the National Electricity Regulatory Commission (NERC) to suspend the implementation of the electricity tariff recently announced by the agency.

The directive was given by the Minister of Power, Mamman Saleh on Thursday.

FG Directs NERC To Suspend Adjusted Tariff

Mr Saleh directed the NERC to inform all DISCOs to suspend the implementation of the duly performed minor review (which adjusted tariffs between N2/kWh and N4/kWh) until the conclusion of the Joint Ad-Hoc Committee’s work at the end of January 2021.

The new adjustment in the electricity has elicited condemnations from all walks of life, especially the organised labour, who described it as “another breach of trust.”

Recall that NERC had on Tuesday increased the electricity tariff payable by power consumers across the country.

The hike in tariff which varies, based on different consumer classes, took effect from January 1, 2021.

The regulatory agency blamed the N2 to N4 adjustment in tariff on inflation and movement in foreign exchange rates.

Labour unions have threatened showdown over the development, saying the government was insensitive to the plight of Nigerians, considering the fact that there was an increment last two months.