• Latest
  • Trending
  • All
  • National News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
electricity

FG directs reversal of electricity tariffs adjustment

January 7, 2021
First Day in Office: 5 key actions of Donald Trump

Many thanks to Trump, women and minorities are soaring in American politics, by Nduka Uzuakpundu

November 8, 2026
Tompolo and the coming Tinubu electoral victory tsunami, by Jack Okude

Tompolo and the coming Tinubu electoral victory tsunami, by Jack Okude

November 7, 2026
Zamfara youths protest

ASP Detained Over Fatal Shooting of Teenage Girl During Gang Clash

November 7, 2026
Auto Draft

10 Key Things to Know about Justice Lifu’s Judgment Affecting ADC, Atiku, By Abdulrahman Abdulaziz

November 7, 2026
Federal High Court

Court sacks David Mark-led ADC leadership, voids Atiku’s presidential primary

November 5, 2026
PDP convention

PDP leadership crisis: Turaki group loses again to Wike; heads to Supreme Court

November 5, 2026
benin city

Benin to receive 40 new repatriated looted artefacts from Sweden

November 4, 2026
outbreak

NMDPRA,​‌‌‌⁠‍‍⁠⁠‍‌⁠‌⁠‍⁠‍‌‌​ EFCC crack down on illegal refinery operation in Ogun

November 4, 2026
Sanwo-Olu’s new official portrait shows his brand identity – Aide

Sanwo-Olu Inaugurates Ministry of Justice Legal Research and Training Centre in Lagos

November 4, 2026
Extortion, misconduct: PSC demands probe of top police officers

Misconduct: PSC dismisses 3 senior police officers, demotes 16 others

November 4, 2026
Senate passes Finance Bill

Senate passes National Health Act bill for second reading

November 4, 2026
Largest rescue operation in history excites Tinubu; 308 victims now free

Troops neutralise 3 kidnappers, recover 4 AK-47 rifles in Kogi

November 4, 2026
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Sunday, November 8, 2026
  • Login
Political Economist
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
No Result
View All Result
Political Economist
No Result
View All Result
Home National News

FG directs reversal of electricity tariffs adjustment

by Admin
January 7, 2021
in National News
0
electricity
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter
The Minister of Power, Mr. 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.

Mr. 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 that 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).

Electricity
Minister of Power, Mr. Saleh Mamman

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

He said that 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 Mr. Festus Keyamo, Minister of State for Labour and Productivity and Co-Chaired by the Minister of State for Power, Mr. 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 clamp downs 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.

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. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Aaron ArtimasDISCOsFestus KeyamoGoddy Jedy AgbaNERCNESISaleh Mamman
Share196Tweet123
Admin

Admin

  • Trending
  • Comments
  • Latest
The Doherty brothers plot to hijack Lagos governorship, by March Oyinki   

The Doherty brothers plot to hijack Lagos governorship, by March Oyinki  

October 1, 2026
Top 11 ‘Firsts’ about US midterm elections: First open gay, first black governor, others

Top 11 ‘Firsts’ about US midterm elections: First open gay, first black governor, others

November 4, 2026
PDP convention

PDP leadership crisis: Turaki group loses again to Wike; heads to Supreme Court

November 5, 2026
IGP Orders State CPs To Recover Fire Arms From Private Security Outfits

Jonathan Sacks IGP Abba, Appoints Arase

19
Zinox iPower Inverter Claws to Market Dominance

Zinox iPower Inverter Claws to Market Dominance

2
Police seal off Ondo House of Assembly

Police foil another suicide bomb attempt in Borno, kill three bombers

2
Tompolo and the coming Tinubu electoral victory tsunami, by Jack Okude

Tompolo and the coming Tinubu electoral victory tsunami, by Jack Okude

November 7, 2026
Zamfara youths protest

ASP Detained Over Fatal Shooting of Teenage Girl During Gang Clash

November 7, 2026
Auto Draft

10 Key Things to Know about Justice Lifu’s Judgment Affecting ADC, Atiku, By Abdulrahman Abdulaziz

November 7, 2026
Political Economist

Copyright © 2017 JNews.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News

Copyright © 2017 JNews.