Power Minister Allays Fears of Electricity Tariff Hike thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
By Ediri Ejor
At the backdrop of rumors of possible hike in electricity tariff, the Minister of Power, Engr. Sale Mamman, has indicated that the ministry is focusing on increased efficiency and not tariff.
In a statement made available to Financial Vanguard last weekend, Mamman said, ‘‘instead of significant hike in electricity tariff, Nigerians should expect an increase efficiency in the sector to reduce tariffs while managing headwinds from foreign exchange and inflation.’’
Mamman explained that the order issued by the Nigerian Electricity Regulatory Commission, NERC, on the 26th of April 2021 titled “Notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies” was a routine procedure.
(AFRICAN EXAMINER) – At the backdrop of rumors of possible hike in electricity tariff, the Minister of Power, Engr. Sale Mamman, has indicated that the ministry is focusing on increased efficiency and not tariff.
In a statement made available , Mamman said, ‘‘instead of significant hike in electricity tariff, Nigerians should expect an increase efficiency in the sector to reduce tariffs while managing headwinds from foreign exchange and inflation.’’
Mamman explained that the order issued by the Nigerian Electricity Regulatory Commission, NERC, on the 26th of April 2021 titled “Notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies” was a routine procedure.
Daily Post Nigeria
Published
The Minister of Power, Sale Mamman has said that there is no plan to significantly raise Electricity Tariffs in country.
DAILY POST had reported that the Nigerian Electricity Regulatory Commission (NERC) had on April 26 announced it is concluding the Extraordinary Tariff Review process for the 11 Electricity Distribution Companies (DisCos).
He said the review was pursuant to the provisions of the Electric Power Sector Reform Act (EPSRA).
But, Mamman in a Twitter post on Saturday said instead of significant hike in electricity tariff, Nigerians should expect an increase in efficiency in the sector.
This, he said, will reduce tariffs while managing headwinds from foreign exchange and inflation.
No Plan To Significantly Raise Electricity Tarrifs – FG channelstv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelstv.com Daily Mail and Mail on Sunday newspapers.