Federal Government Suspends Electricity Tariff Hike For Two Weeks
The electricity tariff hike has been suspended by the Nigerian Electricity Regulatory Commission (NERC) for the duration of two weeks only via an order with the order no. NERC/209/2020, and the title: “NERC Order on suspension of the Multi Year Tariff Order 2020 for the electricity distribution licensees. The Order which has been addressed to DISCOs was signed by the NERC Chairman, James Momoh; and the Commissioner, Legal, Licensing and Compliance, Dafe Akpeneye.
This is after the Federal Government reached an agreement with the organised Labour on the suspension of strike over the electricity tariff hike and increase in pump price of petrol. The order of suspension has been given to the 11 electricity Distribution Companies (DISCOs) in the country. The electricity tariff suspension for two weeks is said to enable wider consultations between the Government and labour with a view to reaching a compromise and resolution of the contending issues involved.