National Assembly leadership halts planned hike in electricity tariffs

By AdvocateNews on 30/06/2020

Share on facebook Yahoo mail icon Gmail icon

Views: 637


The leadership of the National Assembly on Monday waded into the controversy on the planned hike in electricity tariffs from July 1, 2020 and succeeded in convincing the Distribution Companies to defer the plan till the first quarter of 2021.

The President of the Senate, Ahmad Lawan; Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila; and other Principal Officers of the two Chambers met at the National Assembly with the Chief Executives of the government electricity regulatory body and DisCos across the country.

Also in attendance were the Chairmen of the Committees on Power from the Senate and House of Representatives.

The National Assembly leaders were emphatic at the meeting that the timing of the planned hike was wrong though they had not much issue with the need to introduce a cost reflective tariff for the power sector to attract the much needed investment.

In the course of the meeting, the DisCos too admitted that they were not well prepared for the planned hike in tariffs even though they so much desired the increase.

The meeting agreed to defer the planned hike till first quarter of next year, while the leadership of the National Assembly promised to meet with President Muhammadu Buhari on the issue.

“The agreement here is that there is not going to be any increase in the tariffs on July 1st,” Lawan said at the end of the meeting.

“The Speaker and I, we are going to take appropriate action and meet with the President.

“We are in agreement here that there is no question on the justification of the increase but the time is simply not right and appropriate measures need to be put in place

“So between now and the first quarter of next year, our task will be to work together with you to ensure that we put those blocks in place to support the eventual increase in tariffs.”

Lawan said the government has been doing a lot as part of its obligations to provide some form of Intervention.

He said: “I’m quite aware that for this year, probably starting from last year, over N600 billion was earmarked for this sector to improve.

“The potential increase in the tariffs is definitely something that will be of concern to us in the National Assembly.

“There is too much stress in the lives of Nigerians today and indeed across the world because of the challenges imposed by COVID-19 pandemic and even before then, we had issues that would always make it tough for our people to effectively pay the tariffs.

“One way or the other, for this business to flourish, for this sector to be appropriately fixed, for it to attract investment, something has to give way, there is no doubt about that but it is also crucial that we look at the timing for any of our actions.”

In the same vein, Gbajabiamila said the National Assembly is on the same page with the DisCos on the issue of cost reflective tariffs.

He said: “There is time for everything.

“A well intended programme or policy of government can fall flat on the face and never recover if you do it at a wrong time.

“I think we all agree to that.

“There cannot be a time as bad as this for us to increase anything.

“Forget about electricity, anything.

“Whereas, even in time of decreasing revenue, we are even reducing the pump price.

“I don’t know how we can justify an increase in the cost of electricity at this time in Nigeria.

“The good things is that we have agreed that we need to do something about the cost.”

Gbajabiamila posed some questions to the DisCos and the Nigerian Electricity Regulatory Commission: “How did we arrive at the tariffs or costs?

“Who were the stakeholders that were present?

“What was the role of the National Assembly?

“More importantly, is the President aware of this because the President is perhaps the biggest stakeholder of all, apart from the Nigerian people.

“Whatever will affect his government is something that should concern all of us.

“I think this will affect his government.

“This timing.

“Not the increase.

“The timing.

“I think it will affect his government and if it is going to affect his government, we should all rally around our people, our president and the government to make sure we do the right thing.”

The representatives of the DisCos said if the planned hike is eventually deferred till next year, the government should continue to bear the difference in the present tariff and what was considered as the appropriate tariff.

In attendance at the meeting were the representatives of NERC, Kano Electricity Distribution Company, Ikeja Electricity Distribution Company, Kaduna Electricity Distribution Company and Eko Electricity Distribution Company.

Posted 30/06/2020 07:44:39 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
JOHESU faults resident doctors’ petition to anti-graft agencies,...

BREAKING: Abba Kyari’s body arrives Abuja

Hameed Ali threatens to sack customs officers living...

I killed woman I met on Facebook to...

APC national caucus meets on Monday, ahead of...

Boko Haram: Borno governor blames military for Gubio,...

Offa bank robbery: Association of Licensed Private Security...

Offa Bank Robbery: Saraki has Case to Answer...

Rev. Ndukuba is new Anglican Church Primate

Buhari, seven northern govs in closed-door meeting

Anambra Central: Tribunal declares Senator Umeh duly elected...

Ebonyi Governor recovers from COVID-19

 

Latest News NASS lauds Ugwuanyi’s leadership qualities Libel: Wike sues ThisDay for N7bn Nigerians question minister over claims FG spent N523m on school feeding during lockdown IPMAN orders sale of petrol at N150 per litre RevolutionNow: DSS rearrests Bakare, three others Man U qualify for Europa League quarter-final Army speaks on Soldiers involved in Ebonyi bullion van robbery in which four policemen died Female soldier raped by bandits appeals dismissal Ohanaeze passes vote of confidence on President-General, Chief John Nwodo Al-Qaeda infiltrates Nigeria through North-West – United States Akwa Ibom APC Chairman is dead Nigerians not banned from visiting Dubai, official clarifies

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (38,302 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (26,394 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (17,724 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (17,453 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (17,009 views) ASUU strike: Senate intervention ends in deadlock (16,586 views) All you need to know about Peter Obi, PDP VP Candidate (16,275 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (15,425 views) Sickle cell support group seeks government intervention (14,417 views) Ebonyi bans embalming of corpses in homes (14,260 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (13,748 views) France wins 2018 World Cup Final (13,064 views)

 

SECTIONS EDITORIAL (11) NEWS (3,174) POLITICS (451) SOCIETY (120) SPORTS (30) BUSINESS (314) HEALTH (42) EDUCATION (32) ENTERTAINMENT (18) INTERNATIONAL (71) TECHNOLOGY (1) COLUMNISTS (1) LETTERS (1) OPINION (22)

 

 

Julius Agwu - Crazy Interview Demands