Sunday, May 16, 2021

Labour kicks as NERC insists on power tariff review

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Organised labour says it will vehemently resist plans by the Nigerian Electricity Regulatory Commission to review power tariffs in July this year.

Despite widespread resentments NERC announced on April 26, 2021 that another tariff review for Nigeria’s 11 power distribution companies would hold in July, explaining that inflation, gas price, among others had changed.

However on April 30, the Minister of Power, Sale Mamman dismissed concerns of a major hike in electricity tariffs as he clarified that there was no plan to significantly raise tariffs.

Mamman said instead of a significant hike in electricity tariffs, Nigerians should expect increased efficiency in the sector to reduce tariffs while managing headwinds from foreign exchange and inflation.