Nigeria Postpones Planned Hike In Electricity TarifF
Nigeria Postpones Planned Hike In Electricity TarifF

The leadership of the National Assembly waded into the controversy on the planned hike in electricity tariffs from July 1, 2020 and succeeded in convincing the Distribution Companies DISCOs to defer the plan till the first quarter of 2021.

The President of the Senate, Ahmad Lawan, the Speaker of the House of Representatives, Femi Gbajabiamila and other principal Officers of the two Chambers met at the National Assembly with the Chief Executives of the government electricity regulatory body and DISCOs across the country.

This was disclosed in a statement by the Special Adviser to the President of the Senate, Ola Awoniyi.

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The statement noted that the National Assembly leaders were emphatic at the meeting that the timing of the planned hike was wrong even though they had not much issue with the need to introduce cost reflective tariffs for the power sector to attract the much needed investment.

The meeting agreed to defer the planned hike till first quarter of next year while the leadership of the National Assembly promised to meet with President Muhammadu Buhari on the issue.