The Minister of Power, Adebayo Adelabu, has assured that any customer not currently enjoying 20 hours of electricity would not pay the new tariff. The minister stated this today while appearing before the Senate Committee on Power, for a one-day investigative hearing on the need to halt the proposed increase in electricity tariff by eleven [&h...
•Electricity tariff hike As controversies continue to trail the federal government’s recent removal of electricity subsidy for over 1.8million customers categorised to be on Band A feeders, members of the Organised Private Sector has insisted that the hike must be suspended for review. As such, plans are to meet President Bola Tinubu on the ma...
The federal government, yesterday, insisted on the 240 per cent hike in tariff payable by power consumers in the band ‘A’ category despite calls for its reversal. It also revealed that the subsidised power pricing regime would be for the short term, with a transition plan to achieve a full cost-reflective tariff within a period […]
•Electricity tariff Following the increase of electricity tariff for customers under Band A category of consumers, some Nigerians have expressed dissatisfaction over the haphazard implementation of the hike. They said customers that are not enjoying up to 20 hours had been lumped up with those enjoying the services, reports Daily Trust. The si...
•Tinubu The Northern Elders Forum (NEF) yesterday expressed concern and disappointment on the recent decision by President Bola Tinubu’s government over the increase in electricity tariff. It described the hike as a “reckless move” and a complete disregard for the well-being and welfare of the Nigerian people, reports Daily Trust. In a stateme...
•Power Lagos, Kano, and 10 other states have concluded plans to start generating power in their respective states in conformity with the Electricity Act 2023. It was gathered yesterday that some of these states had established their electricity market laws and were waiting for the approval of the Nigerian Electricity Regulatory Commission to h...
Two former federal lawmakers, Senator Andrew Uchendu and Honourable Dachung Bagos, have faulted the federal government’s reduction of electricity subsidy. They argued that the timing was wrong. The Nigerian Electricity Regulatory Commission (NERC) on Wednesday, announced an increment in electricity tariff for Band A customers. It explained tha...
The Peoples Redemption Party, PRP has condemned in very strong terms, the increase in the electricity tariff paid by Band A customers from N68/KWh to N225/kWh by the Nigerian Electricity Regulatory Commission, NERC, describing it as a cynically cruel blow on Nigerians, reports Vanguard. In a statement today by PRP Acting National Publicity Sec...
The federal government has jacked up the electricity tariff for Band A customers. Band A are those who enjoy electricity supply for 20 hours per day, reports Channels TV. At a press briefing in Abuja today, Musliu Oseni, Vice Chairman of the Nigerian Electricity Regulatory Commission (NERC), said the increase will see customers pay ₦225 [&hell...
The Central Bank of Nigeria (CBN), has again, raised the currency rate that is applied when determining customs charges at the nation’s seaports. Data from the Nigeria Customs Service’s official trade portal indicates that yesterday, Monday, February 12, the exchange rate was raised from N1,417.635 per Dollar to N1,444.56 per Dollar, reports D...
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