FG clears air on increase in electricity tariffs

  The Minister of State for Labour and Employment, Festus Keyamo, has insisted that the Federal Government did not increase electricity tari...

 

The Minister of State for Labour and Employment, Festus Keyamo, has insisted that the Federal Government did not increase electricity tariffs.

While speaking on Channels Television’s Politics Today on Tuesday, Keyamo, said the FG only adjusted some bands for consumers to pay what they are supposed to pay.

He said the Nigerian Electricity Regulatory Commission (NERC) did not consult him or other members of the committee working on the new electricity tariffs regime, before the announcement earlier in the day.

NERC again increased electricity tariffs payable by power consumers across the country. https://dailypost.ng/2021/01/05/electricity-nerc-announces-new-tariff-hike/

Providing reasons for the latest tariff hike, the commission had said it considered the 14.9 per cent inflation rate rise in November 2020 and foreign exchange of N379.4/$1 as of December 29, 2020.

When asked whether the electricity distribution companies have the approval of the government to increase tariffs following the NERC directive, Keyamo said, “I am the chairman of the sub-committee consisting of the Federal Government side and Labour side that has been mandated to go round the country to interact and consult with stakeholders and the discos to find an acceptable and cost-reflective tariff that should be paid by Nigerians. We are still in the process of carrying out our assignment, we have not finished it.

“There has been no increase in tariff. What we agreed to do was to freeze certain bands. You know we have band A, B, C, D and so on and so forth. So, in the interim, what we did was to adjust certain bands and to ensure that certain persons who are supposed to be on some bands are not wrongly put on some other bands.

“What has just been done is adjustment of certain bands but there has not been any increase in tariffs.”

The minister added, “We immediately called for a meeting on this issue and what NERC has released does not reflect what we agreed upon at the level of the committee. I can say I was not consulted and members of the committee also said they were not consulted.

“We are trying to fix a meeting for Thursday to find out exactly what happened and take it from there but I can assure (Nigerians) that we will soon come out with a statement before Nigerians to show the true position of things.”

COMMENTS

Name

BBNaija,2115,Business,2709,CampusGist,1035,Celeb,4898,celebrities,240,Comedy,8,CONFESSION,11,Education,2266,Entertainment,5546,Fashion,367,Featured,626,Gist,2037,Health,682,Job,3,Lifestyle,873,Music,153,MY STORY,37,News,77416,Opinion,727,Poem,10,Politics,12683,Relationship,210,Sponsored Contents,31,Sports,15634,Style & Travel,47,Success Stories,264,Technology,342,Video,114,
ltr
item
Saga Gist - Top Source for Nigeria News: FG clears air on increase in electricity tariffs
FG clears air on increase in electricity tariffs
https://dailypost.ng/wp-content/uploads/2020/01/Festus-Keyamo-e1569346425228.jpg
Saga Gist - Top Source for Nigeria News
http://www.sagagist.com.ng/2021/01/fg-clears-air-on-increase-in.html
http://www.sagagist.com.ng/
http://www.sagagist.com.ng/
http://www.sagagist.com.ng/2021/01/fg-clears-air-on-increase-in.html
true
3363430711841052055
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content