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Showing posts from May, 2024

A Total Reversal, Reverse Electricity Tariff Cut Now, Demand Nigerians

On Monday, Nigerians are demanding a total reversal of electricity tariff cut - the Nigerian Electricity Regulatory Commission’s reduction of the tariff payable by Band A customers from N225/kWh to N206.8/kWh. Organised labour, the Nigerian Bar Association and the House of Representatives, have also rejected the hike in tariff payable by about 1.9 million consumers. Subsidy on electricity was withdrawn completely from the tariff of consumers in the Band A category, which constitutes about 15 per cent of the total 12.82 million power consumers across the country. The Federal Government said it would save N1.5tn, as a result of the tariff hike, adding that Band A customers would enjoy up to 20 hours of power supply daily. The government took the decision which became effective on April 3, 2024. Organised labour has however issued a two-week ultimatum demanding the reversal of the tariff hike. The House of Representatives has called on the NERC to suspend forthwith the implementation of t