Minister of power, Adebayo Adelabu
Power Minister, Adebayo Adelabu, has guaranteed that customers who do not currently enjoy 20 hours of electricity will not be charged the new tariff.
During a one-day investigation hearing before the Senate Committee on Power, the minister stated on Monday, April 29 that it is necessary to stop the proposed increase in tariff by eleven successor electricity distribution companies due to Nigerias dire economic situation.
He said that the government announced a fresh initiative to salvage the sinking industry and assured Nigerians that the suffering would only last a short while.
The clarification comes as electricity consumers grapple with the recent increase in tariffs by the Nigerian Electricity Regulatory Commission (NERC).
This explanation comes as Nigerian Electricity Regulatory Commission (NERC) tariff hikes have left customers struggling.
The minister also stated that the federal government would have had to pay N3.2 trillion as a subsidy on electricity this year if the recent increase in tariff is to be reversed.
He also explained that the government was concerned, and had introduced the new policy to rescue the sector. (The Nation)
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.