• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, March 29, 2023
  • Login
Celebrity Watch Magazine
Subscription Plans
  • Home
  • Politics
  • Street Gists
  • Lifestyle
  • Sports
  • Celebrities Watch
  • Breaking News
  • Entertainment
  • Interview
No Result
View All Result
  • Home
  • Politics
  • Street Gists
  • Lifestyle
  • Sports
  • Celebrities Watch
  • Breaking News
  • Entertainment
  • Interview
No Result
View All Result
Celebrity Watch Magazine
No Result
View All Result
Home Street Gists

Federal Government Bows To Pressure, Directs Reversal Of Electricity Tariff Increment

Elizabeth by Elizabeth
January 7, 2021
in Street Gists
0 0
0
BREAKING: Again, Federal Government Increases Electricity Tariff
Share on FacebookShare on TwitterShare on WhatsApp

The Minister of Power, Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies(DISCOs) to revert to tariffs that were applicable in Dec. 2020.

Herbal Product

Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a statement in Abuja on Thursday.

He said the reversal to the old tariff was to promote a constructive conclusion of the dialogue with the Labour Centres (through the Joint Ad-Hoc Committee).

“I have directed NERC to inform all DISCOs that they should revert to the tariffs that were applicable in December 2020 until the end of January 2021 when the FGN and Labour committee work will be concluded.

“This will allow for the outcome of all resolutions from the Committee to be implemented together,” he said.

The minister spoke against the backdrop of the report that electricity tariff had been increased by 50 per cent.

“I would like to affirm that these reports are inaccurate and false. It is unfortunate that these reports have led to confusion with the public.

“On the contrary, government continues to fully subsidise 55 per cent of on-grid consumers in bands D and E and maintain the lifeline tariff for the poor and underprivileged.

“Those citizens have experienced no changes to tariff rates from what they have paid historically, aside from the recent minor inflation and forex adjustment. Partial subsidies were also applied for bands A, B and C in October 2020,” he said.

Mamman said these measures were all aimed at cushioning the effects of the pandemic while providing more targeted interventions for citizens.

He said the public was aware that the Federal Government and the Labour Centres had been engaged in positive discussions about the electricity sector through a Joint Ad-hoc Committee.

He said that the committee was led by Festus Keyamo, Minister of State for Labour and Productivity and Co-Chaired by the Minister of State for Power, Goddy Jedy-Agba.

According to him, progress has been made in these deliberations which are set to be concluded at the end of January.

“Some of the achievements of this deliberation with Labour are the accelerated rollout of the National Mass Metering Plan and clampdowns on estimated billing.

“Improved monitoring of the Service-Based Tariff and the reduction in tariff rates for bands A to C in October 2020 (that were funded by a creative use of taxes),” he said.

The minister stated that it should be cleared that the regulator must be allowed to perform its function without undue interference.

Herbal Product

He said that the role of the Government was not to set tariffs, but to provide policy guidance and an enabling environment for the regulator to protect consumers and for investors to engage directly with consumers.

According to him, Bi-Annual Minor reviews to adjust factors such as inflation are part of the process for a sustainable and investable Nigeria Electricity Supply Industry (NESI)

He also stated that the regulator must be commended for implementing the subsisting regulations while putting in place extensive actions to minimise the adverse impact on end-user tariffs.

“The administration is committed to creating a sustainable, growing and rules-based electricity market for the benefit of all Nigerians.

“The administration and the Ministry of Power will also continue to devise means to provide support for vulnerable Nigerians while ensuring we have a sustainable NESI,” he said.

Tags: Electricity TarrifFederal governmentReverse
Elizabeth

Elizabeth

Elizabeth Ayamolowo is a graduate of Business Management but with exceptional burning passion for writing, with dogged determination to find a good story and deliver it to the public. Fondly called Lizzy, is a great lover of music, food, fashion and everything beautiful. You're most welcome to my small Word

Next Post
Nigerian Politician Dies In Auto Accident Two Weeks After He Was Elected

Nigerian Politician Dies In Auto Accident Two Weeks After He Was Elected

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
PROPHET ELIJAH OLUWASEGUN ISEDOWO HONORED WITH DOCTORATE DEGREE IN DIVINITY

PROPHET ELIJAH OLUWASEGUN ISEDOWO HONORED WITH DOCTORATE DEGREE IN DIVINITY

July 26, 2021
Tonto Dikeh Ex Boyfriend, Malivelihood Set To Wed, Release Pre-Wedding Photos With Senator Smart Adeyemi’s Daughter

Tonto Dikeh Ex Boyfriend, Malivelihood Set To Wed, Release Pre-Wedding Photos With Senator Smart Adeyemi’s Daughter

December 2, 2020
Tribal War Is Ongoing In Nigeria And Buhari Government Has Already Taken Sides – Islamic Cleric Sheikh Gumi Says

Tribal War Is Ongoing In Nigeria And Buhari Government Has Already Taken Sides – Islamic Cleric Sheikh Gumi Says

June 24, 2021
CCTV Never Showed Baba Ijesha Defiling Princes’s Daughter – Police Source Says

CCTV Never Showed Baba Ijesha Defiling Princes’s Daughter – Police Source Says

April 29, 2021
APC Candidate Abiru Wins Lagos East Senatorial Election.

APC Candidate Abiru Wins Lagos East Senatorial Election.

8
FINALLY: FG Handover National Theatre to Central Bank of Nigeria.

FINALLY: FG Handover National Theatre to Central Bank of Nigeria.

1
I Won’t Be Intimidated By ‘Loads Of Cash’ Aspirants — Dele Momodu Says As He Declears Interest To Run For President In 2023

I Won’t Be Intimidated By ‘Loads Of Cash’ Aspirants — Dele Momodu Says As He Declears Interest To Run For President In 2023

1
FUEL IMPORTANTION:Nnamdi Kanu Slams Buhari

FUEL IMPORTANTION:Nnamdi Kanu Slams Buhari

0
I Work With APC; We Own Nigeria Now, I’m A Federal Government Liability,’ – Portable Brags As Police Storm His Bar To Arrest Him

I Work With APC; We Own Nigeria Now, I’m A Federal Government Liability,’ – Portable Brags As Police Storm His Bar To Arrest Him

March 28, 2023
We Have No Option But To Use MC Oluomo Buses To Distribute Election Materials – INEC

MOluomo Should Be Prosecuted, Pay For Attack On Igbos If… — Lagos Deputy Governor, Hamzat Says

March 28, 2023
Tragedy As Police Inspector Attached To Nigerian Politician Kills Another Inspector In Legislator’s Escort Team In Abia

Kano Government Has Taken Over Murder Case Filed Against APC Majority Leader, Doguwa – Nigerian Police

March 28, 2023
Court Orders Interim Forfeiture of 14 Properties Linked To Kogi State Govt, N400m

Dismiss Gov Yahaya Bello’s Application Challenging Forfeiture Of 14 Properties, N400Million – EFCC Tells Court

March 28, 2023

Recommended

I Work With APC; We Own Nigeria Now, I’m A Federal Government Liability,’ – Portable Brags As Police Storm His Bar To Arrest Him

I Work With APC; We Own Nigeria Now, I’m A Federal Government Liability,’ – Portable Brags As Police Storm His Bar To Arrest Him

March 28, 2023
We Have No Option But To Use MC Oluomo Buses To Distribute Election Materials – INEC

MOluomo Should Be Prosecuted, Pay For Attack On Igbos If… — Lagos Deputy Governor, Hamzat Says

March 28, 2023
Tragedy As Police Inspector Attached To Nigerian Politician Kills Another Inspector In Legislator’s Escort Team In Abia

Kano Government Has Taken Over Murder Case Filed Against APC Majority Leader, Doguwa – Nigerian Police

March 28, 2023
Court Orders Interim Forfeiture of 14 Properties Linked To Kogi State Govt, N400m

Dismiss Gov Yahaya Bello’s Application Challenging Forfeiture Of 14 Properties, N400Million – EFCC Tells Court

March 28, 2023

About Us

Celebrity Watch Magazine is your plug for regular, verified, entertaining and informed magazine online. Subscribe for our online monthly editions.
Subscribe

Categories

  • Breaking News
  • Celebrities Watch
  • Crime
  • Entertainment
  • Health and Fitness
  • Interview
  • Lifestyle
  • Metro News
  • MetroFile
  • Movies & Series
  • Politics
  • Press Release
  • Security and Crime
  • Sports
  • Street Gists

Recent News

I Work With APC; We Own Nigeria Now, I’m A Federal Government Liability,’ – Portable Brags As Police Storm His Bar To Arrest Him

I Work With APC; We Own Nigeria Now, I’m A Federal Government Liability,’ – Portable Brags As Police Storm His Bar To Arrest Him

March 28, 2023
We Have No Option But To Use MC Oluomo Buses To Distribute Election Materials – INEC

MOluomo Should Be Prosecuted, Pay For Attack On Igbos If… — Lagos Deputy Governor, Hamzat Says

March 28, 2023

© 2020 Celebrity Watch Magazine | All Rights Reserved

No Result
View All Result
  • Home
  • Politics
  • Street Gists
  • Lifestyle
  • Sports
  • Celebrities Watch
  • Breaking News
  • Entertainment
  • Interview

© 2020 Celebrity Watch Magazine | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?