tariff

Reps Panel Orders NERC, Discos To Suspend Tariff Hike

January 14, 2020 2:31 pm

The House of Representatives, through its committee on Power has directed the Nigeria Electricity Regulatory Commission (NERC) to suspend its planned electricity increment.

The electricity regulatory body had earlier announced planned hike which will take effect from April.

The committee chaired by Aliyu Magaji made the announcement today during a meeting with NERC and other stakeholders.

The Minister of Power, Mamman Saleh was represented by the Permanent Secretary of the ministry, Ahmed Abdul.

Speaking at the meeting, the chairman of the committee stated that, “it would be criminal for Discos to continue to bill consumers if the estimated prohibition

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Electricity Tariff: Nigerians Paying For Darkness – Reps

January 10, 2020 1:07 am

The Deputy Minority of the House of Representatives, Toby Okechukwu has raised the alarm on the recently announced increment in electricity tariffs.

Mr. Okechukwu while speaking to THISDAY queried the basis for the increment which resulted in the Enugu zone being charged more than Lagos. He said that the House through its committee on Power will interrogate the increment.

According to the new increment released by Nigeria, Electricity Regulation Commission (NERC) electricity consumers in Ikeja got an increment from N13.34 per kWh since under the 2015 MYTO when the last review was carried out to N21.80 per kWh, while consumers

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PDP, Consumers Kick Against New Electricity Tariff Hike

January 6, 2020 12:35 pm

Electricity consumers yesterday kicked against a new regime of electricity tariff for the 11 electricity distribution companies (Discos) across the country, just as the People’s Democratic Party(PDP) rejected the hike.

The PDP, in a statement by its National Publicity Secretary, Kola Ologbondiyan, said the increase is draconian and against the interest of Nigerians.

Consequently, the party charged the Federal Government to immediately rescind the increase, which it described as “obnoxious and provocative”, and consult further with the citizens on the issue.

But, in a dramatic twist, the Nigerian Electricity Regulatory Commission(NERC) says no tariff increase has been approved by the …

NERC Denies Increase In Electricity Tariff

January 6, 2020 5:44 am

The Nigerian Electricity Regulatory Commission (NERC) on Sunday said no tariff increase was approved by the commission.

NAN had reported that President Muhammadu Buhari-led Federal Government through the Nigerian Electricity Regulatory Commission, NERC, approved an increase in electricity tariff by the Electricity Distribution Companies, DisCos, in the country.

The directive of the new tariff regime for different DisCos and category of customers was published on NERC website on Saturday.

The directive was signed by the NERC Chairman, Prof. James Momoh and Secretary, Mr. Dafe Akpedeye.

Read Also: PDP Attacks Govt Over Increase In Electricity Tariff

But, Mr Usman Arabi, General

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PDP Attacks Govt Over Increase In Electricity Tariff

January 5, 2020 2:14 pm

The Peoples Democratic Party, PDP, rejected the over 200 percent increase in electricity tariff announced by the President Muhammadu Buhari-led administration.

PDP described the decision as “draconian” and completely against the interest and wellbeing of Nigerians.

A statement by PDP’s spokesperson, Kola Ologbondiyan on Sunday charged the Federal Government to immediately rescind the obnoxious and provocative policy and consult further with Nigerians before any such tariff hike.

PDP described the increase in electricity tariff as a furtherance of the fleecing of Nigerians, who are already overburdened and groaning under the weight of high costs, economic repression and heavy taxes foisted

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Electricity Tariff Increase Inevitable, Says FG

December 10, 2019 1:08 pm

The federal government has said it is expecting an improvement in electricity supply to Nigerian, just as it revealed that an increase in electricity tariff will be inevitable.

The Minister of Power, Saleh Mamman, said this a statement signed by his media aide, Aaron Artimas.
He said the government was heavily burdened by the financial interventions it was providing the power sector to cushion its challenges.

Mamman, equally complained that while the cost of electricity units in neighboring Niger Republic was higher than it is in Nigeria, consumers in Niger were prudent in their payment for electricity bills unlike in …

Trump confirms death of Osama bin Laden’s son Hamza

Trump threatens to increase tariff on Chinese goods

May 5, 2019 9:06 pm

US President Donald Trump announced Sunday that the United States would raise tariffs on $200 billion of Chinese goods to 25 percent this week, because trade talks are moving “too slowly.”

Trump’s action came as a major Chinese delegation is expected to arrive Wednesday in Washington for the latest round of talks to end the trade war between the world’s two biggest economies — a round billed as the last one and possibly leading to a deal to end the conflict.

“For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High …