Mm clears air on increase in electricity tariffs

By AdvocateNews on 05/01/2021

Share on facebook Yahoo mail icon Gmail icon

Views: 2,844

Festus Keyamo
Festus Keyamo

The Minister of State for Labour and Employment, Festus Keyamo, has insisted that the Federal Government did not increase electricity tariffs.

While speaking on Channels Television’s Politics Today on Tuesday, Keyamo, said the FG only adjusted some bands for consumers to pay what they are supposed to pay.

He said the Nigerian Electricity Regulatory Commission (NERC) did not consult him or other members of the committee working on the new electricity tariffs regime, before the announcement earlier in the day.

NERC again increased electricity tariffs payable by power consumers across the country. 

Providing reasons for the latest tariff hike, the commission had said it considered the 14.9 per cent inflation rate rise in November 2020 and foreign exchange of N379.4/$1 as of December 29, 2020.

When asked whether the electricity distribution companies have the approval of the government to increase tariffs following the NERC directive, Keyamo said, “I am the chairman of the sub-committee consisting of the Federal Government side and Labour side that has been mandated to go round the country to interact and consult with stakeholders and the discos to find an acceptable and cost-reflective tariff that should be paid by Nigerians. We are still in the process of carrying out our assignment, we have not finished it.

“There has been no increase in tariff. What we agreed to do was to freeze certain bands. You know we have band A, B, C, D and so on and so forth. So, in the interim, what we did was to adjust certain bands and to ensure that certain persons who are supposed to be on some bands are not wrongly put on some other bands.

“What has just been done is adjustment of certain bands but there has not been any increase in tariffs.”

The minister added, “We immediately called for a meeting on this issue and what NERC has released does not reflect what we agreed upon at the level of the committee. I can say I was not consulted and members of the committee also said they were not consulted.

“We are trying to fix a meeting for Thursday to find out exactly what happened and take it from there but I can assure (Nigerians) that we will soon come out with a statement before Nigerians to show the true position of things.”

Posted 05/01/2021 9:21:37 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Anarchy has overtaken Nigeria, says PDP

Gunmen shoot Chairman of Nsukka marketers association

Nigerian traders storm ECOWAS, protest alleged closure of...

Buhari laments as Boko Haram kills 47 soldiers...

Ugwuanyi constitutes panel on victims of #ENDSARS Protests...

Another lady raped to death in Ibadan

Trump bans all immigration into US

Breaking: Omoyele Sowore’s younger brother allegedly killed by...

Appeal Court reaffirms Oyetola as Osun governor

NNPC spends N623.16bn on fuel subsidy in 11...

Buhari denies plan to increase fuel prices

WAEC disagrees with Presidency, says Buhari applied for...

 

Latest News EFCC arraigns Cecilia Osipitan for N6bn PHCN insurance benefit fraud Enugu govt extends verification of status of monetized quarters Reconsider 1989 Constitution, it has solutions to crisis of governance, Falana tells Senate Anambra 2021: Accord Party’s Chairman, guber candidate -Maduka debunk defection of running mate Two prospective NYSC Corp members heading to camp abducted by bandits Seven university professors, 65 others elevated to SAN How female graduate awaiting NYSC call-up was lured, killed Anambra 2021: Supreme Court declares Ozigbo authentic PDP candidate Enugu fire Service releases emergency call lines, gets two additional water tankers Supreme Court drops SAN designate 24 hours after endorsement FG blames Nnamdi Kanu for murder of Akunyili’s husband, Gulak, 184 others ESCET receives Ethics Compliance Award

 

Most Read Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (191,375 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (191,375 views) Sickle cell support group seeks government intervention (191,374 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (191,373 views) Ebonyi bans embalming of corpses in homes (191,373 views) I’ve no Coronavirus, govt wants to kill me – Anambra Index case (191,373 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (191,369 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (191,204 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (186,847 views) ASUU strike: Senate intervention ends in deadlock (186,129 views) All you need to know about Peter Obi, PDP VP Candidate (148,591 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (146,901 views)

 

 

SECTIONS FAITH (158) EDITORIAL (18) NEWS (6,990) POLITICS (495) SOCIETY (131) SPORTS (53) BUSINESS (367) HEALTH (58) EDUCATION (49) INTERNATIONAL (178) ENTERTAINMENT (51) TECHNOLOGY (6) COLUMNISTS (57) LETTERS (4) OPINION (39)

 

 


There are no video entries posted yet.