The National Assembly promised to take the DisCos’s request to President Muhammed Buhari and urged them to push the tariff raise till Aprill 2021.
The 100 per cent hike in electricity tariff slated to commence Wednesday has been put on hold.
But the DisCos insisted that only a “cost-reflective” tariff could guarantee their survival to keep the power sector afloat. The statement added that the National Assembly leadership told the DisCos that they were not opposed to cost reflective tariff for the power sector to attract the much-needed investment.The DisCos also admitted that they were not fully prepared for the planned tariff hike although they desired it.
“We are in agreement here that there is no question on the justification of the increase but the time is simply not right and appropriate measures need to be put in place “The potential increase in the tariff is definitely something that will be of concern to us in the National Assembly.
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