The Federal Government of Nigeria has decided to extend its suspension of electricity Tariff by one more week. The Chairman of Nigeria Electricity Regulatory Commission (NERC), Prof James Momoh Said this when visited by the Technical Committee on Electricity Tariff.
The tariff was earlier suspended for two weeks after a bilateral agreement between the Federal Government and Organised Labour. Two weeks were given for the suspension which ended on October 11, 2020.
Previously, there was a hike on electricity tariff by 100 percent which prompted Labour to call for an indefinite strike on September 28, 2020. This could have shot down the country’s economy, but with government intervention through the Minister of State for Labour, Barrister Festus Keyamo; there were able to come to terms with Labour Union.
It was agreed that as the committee focus on the justification on the power sector, electricity tariff should be suspended for two weeks.
According to Momoh, the extension of the tariff was to enable them to review the new policy and also, to work ways for the implementation of the agreement reached on the electricity tariff structure.
The Minister of Labour and Employment, Mr. Chris Ngige on the other hand said, a resolution has been reached by the various committee. The resolution will be implemented by October 18. Nigerians should know that whatever decision is taken is for the good of the nation.