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ELECTRICITY TARIFFS HIKE, N/ASSEMBLY LEADERSHIP SHIFTS DATE TO 2021

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By Innocent Orok

Senate President, Ahmad Lawan (R) and his Deputy, Ovie Omo- Agege arriving for the Meeting.

The leadership of the Nigerian National Assembly yesterday met with the Chief Executives of the government electricity regulatory bodies and Electricity Distribution Companies across the country.

According to a statement from the Facebook Page of the Deputy Senate President (DSP), Senator Ovie Omo- Agege the focus of the meeting was to look into the planned increase of electricity tariffs billed to take effect from the 1st of July, 2020.

“We minced no words in drawing attention to the fact that the planned increase was ill-timed especially at this period when the Covid-19 pandemic has taken a toll on the means of livelihood of Nigerians.

“Consequently, the planned hike in electricity tariffs has now been deferred to the first quarter of 2021 as a result of our intervention while we meet with President Muhammadu Buhari over this matter.

” There is no gainsaying the fact that there is a need to introduce a cost-reflective tariff in the power sector to attract the much needed investment, but it shouldn’t be now during a global pandemic.
Besides, appropriate measures need to be put in place to cushion the effect of this hike.

“Between now and the first quarter of next year, we will work together with the Discos to ensure that we put measures in place to support the eventual increase in tariffs while the government continues to support the sector to deliver quality services to the people” the DSP assured.

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