Hon. Victor Nwokolo, Chairman of the House Committee on Power, emphasized that electricity tariff increases must be fair and just. Minister of Power, Adebayo Adelabu, stated that higher tariffs under band A reduced the electricity subsidy from N3 trillion to N1 trillion. Nwokolo stressed that the Nigerian Electricity Regulatory Commission (NERC) must follow regulatory due … Read more
Senate Summons Power Ministry, NERC Over Electricity Tariff Increase Chairman Senator Enyinnaya Abaribe expresses concern over persistent power challenges Investigative hearing scheduled for April 29, 2024, to address recent tariff hike EKO HOT BLOG reports that the Senate Com\mittee on Power has called upon the Minister of Power, Adebayo Adelabu, and the leadership of the National … Read more
NERC approves electricity tariff increase for Band A customers, raising the rate to N225 per kilowatt-hour from the current N66. Band A customers, enjoying 20 hours of electricity daily, represent 15% of Nigeria’s 12 million electricity customers. The tariff review is aimed at attracting new investment and reducing subsidies, as power companies seek to raise … Read more
The Trade Union Congress (TUC) of Nigeria, on Tuesday, expressed disappointment at the recent hike in electricity tariffs approved by the Nigerian Electricity Regulatory Commission (NERC). According to a statement signed by TUC President, Comrade Quadri Olaleye, the hike was effected despite negotiations still ongoing with organised labour over the last increase that became effective … Read more
The All Progressives Congress (APC) says it’s not unmindful of the discomfort and financial strain the electricity tariffs and increase in petrol price has brought on Nigerians. It however said the pain brought about by the reforms are temporary and citizens will start reaping the benefits soon. The party made its position on the contentious … Read more
SENATE President Ahmad Lawan has said installation of functional meters for Nigerians by electricity distribution companies (DisCos) must be done before implementation of any tariff increase. Lawan gave the prerequisite on Tuesday after he and House of Representatives Speaker Femi Gbajabiamila met with President Muhammadu Buhari and Vice-President Yemi Osinbajo at the Presidential Villa in … Read more