The Nigerian Electricity Regulatory Commission (NERC) has failed to state its position on the speculated 40 percent increase in electricity tariffs, despite widespread discourse.
In essence, the previous tariff increase, which was in place from January to June of this year, is expected to be reviewed, and a new one is expected to go into effect this month.Since the development made headlines, major associations have condemned the supposed electricity tariff increase.plans by the federal government to increase tariffs are “insensitive and callous”.
NERC is the federal government body in charge of regulating Nigeria’s electricity supply industry. Among other things in its purview, the commission sets cost-reflective industry tariffs.“The issue of capacity to pay and quality of service delivery are not only germane but superior to any rationalisation by market logic. The service providers, in spite of sundry support, have not been able to meet the threshold of 5000 megawatts,” NLC had lamented.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NAHCON: 14 Nigerian pilgrims dead, two give birth in Saudi Arabia | TheCableThe National Hajj Commission (NAHCON) says 14 Nigerian pilgrims who travelled for this year’s hajj exercise have died in Saudi Arabia.
Read more »
Rescuing the Nigerian middle class | TheCableLast week, I extensively talked with a set of enterprising, upwardly mobile young men and women in Abuja. I chose to label that interactive session “lamentations of despairs”. These young
Read more »
NERC yet to issue directives on electricity tariff hike — IBEDCIbadan Electricity Distribution Company has said that the Nigerian Electricity Regulation Commission is yet to give a directive on the new
Read more »
Enugu warns residents against building on waterways, obstruction of canals | TheCableThe Enugu state government has warned residents against erecting structures on waterways, dumping waste in drainages, and deliberate obstruction of canals. Chidiebere Onyia, secretary to the state government, spoke on
Read more »
Guinea-Bissau's president visits Tinubu, commends FG's new policies | TheCablePresident Umaro Sissoco Embaló of Guinea-Bissau on Saturday paid a visit to President Bola Tinubu at his Ikoyi residence in Lagos state.
Read more »
Uzodinma, Sanwo-Olu set up panel to 'douse tension' between Igbo, Yoruba in Lagos | TheCableHope Uzodimma, governor of Imo, and Babajide Sanwo-Olu, his counterpart in Lagos, have jointly set up a committee to broker peace between the Igbo and Yorubas in the south-western state.
Read more »