Keyamo Gives Update After FG, Labour Meeting On Tariff Hike
October 12, 2020
12:16 pm
Festus Keyamo, Minister of State, Labour and Employment, has given an update on the meeting between the Federal Government and labour unions over the new price of fuel and electricity tariff.
Keyamo disclosed that representatives of government and labour adopted resolutions in the area of VAT being used to temporarily subsidize tariffs.
According to Keyamo, the new agreement involves using Value Added Tax (VAT) from Nigeria Electricity Supply Industry (NESI) to give relief to customers within the Bands A, B, and C affected by the recent cost-reflective electricity tarrif.
It would be recalled that as part of the agreement between …
