Tag: Electricity Tariff

Electricity Tariff Hike: ‘H’Reps will intervene’ – Dep. Speaker

Aminu Imam
Dep. Speaker, Kalu2

Deputy Speaker of the House of Representatives, Benjamin Okezie Kalu, has stated that the House of Representatives will debate the propriety of the recent increase in electricity tariffs when plenary resumes later this month. Recall that the recent 300 percent increase in electricity tariffs for Band-A customers has raised concerns across the country. Speaking virtually on  a radio programme in Umuahia, Abia State, on Monday, Kalu said the 10th Assembly, in response to Nigerians’ calls for its intervention in the matter, would take a ‘win-win’ approach to resolving the issue.…

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DisCos fail to provide 20 hrs of power to Band-A customers

Aminu Imam
DisCos

…Blame ‘system outages’  Electricity distribution companies (DisCos) have started publishing their inability to meet the required power supply as directed by the Nigerian Electricity Regulatory Commission, (NERC). Recall that on April 3, NERC approved an increase in electricity tariff for customers under Band-A classification, from N66 to N225. Under Band A, customers are entitled to a minimum of 20 hours of power supply per day and all DisCos have been authorised to implement the policy immediately. However, to ensure transparency and accountability, NERC said where the DisCo fails to deliver on…

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FG faces backlash over electricity tariff hike

Aminu Imam
National Grid

…As anxiety mounts on plan for general increase Nigerians are expressing outrage over the recent electricity tariff hike by the Federal Government, fearing it will worsen the economic hardship already faced by most citizens. The plan for a general increase in tariffs across all bands has heightened anxiety among citizens, with groups like the Nigeria Labour Congress, (NLC), condemning the move as unjust. The tariff hike, approved by the Nigerian Electricity Regulatory Commission, (NERC), affects customers under Band A, increasing their rates by 240 percent. This decision, attributed to rising…

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Sen. Ndume urges FG to reverse electricity tariff

Aminu Imam

…Says timing wrong Borno-South senator, Ali Ndume, has called for the reversal of the hike in electricity tariff. Ndume, who spoke in an issuef statement made available to newsmen in Abuja yesterday, said the timing of the hike is not right, as Nigerians are yet to recover from the removal of fuel subsidy. Recall that the Federal Government, through the Nigerian Electricity Regulatory Commission, (NERC), recently approved a 300 percent tariff increment for Band-A consumers, allowing power distribution companies (DisCos) to raise electricity prices for city dwellers from N68 to…

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Criticism mounts over electricity hike, as NEF, CNG, Reps’ caucus urge FG to rescind decision

Aminu Imam

Criticism has heightened across the nation’s landscape, as various stakeholders have rejected the recent decision by the Federal Government to increase electricity tariffs by about 300% amidst the current challenging economic realities caused by fuel subsidy removal and floating of the naira. Expressing its concern and disappointment on the recent decision by President Bola Tinubu’s administration over the electricity tariff increase, the Northern Elders Forum, (NEF), described the hike as a “reckless move” and a complete disregard for the well-being and welfare of the Nigerian people. In an issued statement…

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“Expect more increase in electricity tariff” – FG tells Nigerians

Aminu Imam

Two days after the Nigerian Electricity Regulatory Commission, (NERC), approved increase of electricity tariff for customers under the Band-A classification, the Federal Government has hinted that a similar measure would be extended to others. Speaking at a briefing in Abuja yesterday, Minister of Power, Adebayo Adelabu, said the recent increase in electricity tariff is a pilot in phasing out of electricity subsidy in the country. He said the Government plans to remove all subsidies in the sector to allow the thriving of investment in the power sector. The Minister said:…

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Primate Ayodele blasts Tinubu’s govt. over electricity tariff hike

Aminu Imam

Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has slammed President Bola Tinubu-led government for increasing electricity tariffs by over 300%. Recall that the Federal Government announced the increment Wednesday and explained that Band-A users will be required to pay more for electricity. In his reaction, Primate Ayodele who foretold the increment last year mentioned that it will not bring any difference to the power sector because electricity will still not be as stable as it’s supposed to be.He stated that the tariff increase will affect so many people…

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Electricity: Anxiety mounts over possible tariff hike, as FG raises gas price

Aminu Imam

The  Federal Government has, through the Nigerian Midstream Downstream Petroleum Regulatory Authority, (NMDPRA), announced an increase in the price of natural gas for some sectors, prompting fears that this may lead to a hike in electricity tariff. A statement from the NMDPRA and signed by its Chief Executive, Farouk Ahmed, the Authority, said the price of the commodity for power Generation Companies (Gencos) had now been raised from $2.18  per cubic feet to $2.42.  The statement indicated that for commercial gas, the price  had increased from $2.50 to $2.92 per cubic…

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‘DisCos to raise electricity tariff in April, as subsidy bites’ – Bloomberg

Aminu Imam

The Federal  Government plans to triple energy prices in the coming weeks in a bid to revitalise the country’s energy sector and cut the about $2.3 billion spent on subsidy annually. However, according to findings,the planned tariff increase is being talked about in hush tones, and the regulator, Nigerian Electricity Regulatory Commission (NERC), a government-controlled body, is yet to make any statement on the rumours. “The regulator will make any pronouncements based on its discussion with the distribution and generating companies. The presidency cannot say anything at this stage”,  spokesman…

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NERC debunks Jan. 1 electricity tariffs hike rumours

Aminu Imam

The Nigerian Electricity Regulatory Commission (NERC) has officially dismissed the widespread rumours of an increase in electricity tariffs effective today, January 1st, 2024. Recall that reports emerged yesterday, that Nigeria’s electricity distribution companies (DisCos) are reportedly planning to hike electricity tariffs nationwide with effect from today, January 1. According to the report, “All has been perfected for the new tariff to take effect from the first of January, 2024”. Spokesperson of NERC, Usman Abba, categorically denied any approval for such a tariff hike, emphasising that the electricity tariff order currently…

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