New electricity tariff regime begins in July – Nigerian Government

The Minister of Power, Sale Mamman, has insisted that the new increment on electricity tariff will take off in July.

Mr Mamman disclosed this on Tuesday, at the Investigative Public Hearing on Power Sector Recovery Plan and the impact on COVID-19 Pandemic, organised by the Senate Committee on Power.

The minister said the impact of the COVID-19 pandemic had also affected the plan for the repositioning of the electricity market toward financial sustainability under the Power Sector Recovery Programme.

He said following the completion of public consultation on tariff review, the regulator, Nigerian Electricity Regulatory Commission (NERC) had initially planned to conduct a tariff review in April 2020.

However, he said due to the COVID-19 outbreak and customer apathy, the proposed tariff review was delayed by three months.

He said, “The impact of this means the subsidy being incurred in maintaining the current tariff level had to be maintained till July 2020 when the proposed tariff review will be implemented.

“The challenge we are currently facing in the development and expansion of our transmission line is budget and release of Federal Government’s commitment in the estimated sum of N32 billion primarily for Right of Way acquisition and environmental impact mitigation.

“The fund should be provided for in the 2020, 2021, and 2022 Appropriation of the Ministry of Power,” he added.

 

 

– Premium Times

About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

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