Tag: Tariff hike

NCC deny granting MTN, Glo, others permission to increase tariff

Aminu Imam
NCC 1

The Nigerian Communications Commission, (NCC), has denied granting telecommunications companies in the country like MTN, Glo and others permission to increase tariffs. Executive Vice-Chairman/CEO of the Commission, Dr. Aminu Maida, stated this on his verified X account on Saturday, while addressing the false information circulating within the telecom sector. Reports had emerged across some sections of the media that the telecoms industry regulator had granted the request of the network providers to increase tariffs. The report stated that NCC had approved tariff increases for MTN, Airtel, Glo, and other telecom…

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H/Reps. orders reversal of electricity tariff hike for Band-A customers

Aminu Imam
H'Reps orders reversal

The House of Representatives has directed the Nigeria Electricity Regulatory Commission (NERC) and Distribution Companies (DisCos) to immediately reverse the recent electricity tariff hike for Band-A customers. This directive was given yesterday, after the adoption of a report by the House Committee on Power. The report recommended a return to the old tariff, citing the inability of Nigerians to afford the new rate. Recall that the NERC had announced a tariff hike, which would have seen Band-A customers pay N225 per kilowatt. However, the House of Representatives has now resolved…

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Electricity: DisCos hikes tariff again for Band-A consumers; blame high operational costs

Aminu Imam
DisCos tariff hike

…Customers to now pay N209.5/kwh from N206.80/kWh? Distribution Companies (DisCos) yesterday approved an increase in tariffs for better-off consumers who use the most power as mounting frustration plies over services and rising electricity bills. This is the second hike in electricity prices this year, placing a further strain on businesses and industries that rely heavily on power. Acting Managing Director, of Ibadan Electricity Distribution Company Plc, Francis Agoha, stated that the Nigerian Electricity Regulatory Commission (NERC) approved the tariff increase from N206.80/kWh to N209.50/kWh for users in the Band-A category.…

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Electricity tariff hike: NLC, TUC picket DisCos offices nationwide

Aminu Imam
NLC TUC

…Says new tariff capable of destroying Nigeria’s economy Organised Labour, under the umbrella of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) yesterday stormed offices of electricity distribution companies (DisCos) and the Nigeria Electricity Regulatory Commission (NERC) nationwide to protest against the recent hike in electricity tariff. NLC President, Joe Ajaero, who led the protest at NERC ’s headquarters in Abuja, said Nigerians are currently wallowing in power poverty, given the abysmal low supply of electricity. Recall that the NLC, TUC and their affiliates, vowed to ground…

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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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Telcos mull tariff hike, says current rates no longer sustainable

Aminu Imam

The Association of Licensed Telecommunications Operators of Nigeria (ALTON), has indicated that telecoms tariff hike is imminent given the current economic realities in Nigeria. ALTON chairman, Gbenga Adebayo, gave the indication in Lagos, during a stakeholders’ meeting with the Executive Vice-Chairman of the Nigerian Communication Commission (NCC), Dr. Aminu Maida. Adebayo said that price review should be considered in line with the rising operating cost, noting that operators are burdened by 52 taxes across the country under President Bola Tinubu. According to him, “Our current pricing regime is no longer sustainable.…

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