Connect with us

News

Nigerians To Pay Higher Electricity Tariff From July — FG

Published

on

The Minister of Power, Sale Mamman has declared that Nigerians are expected to pay higher electricity tariff from July 2020.

Mamman said this in during a presentation at an investigative public hearing in Abuja on Tuesday.

The Minister noted that increase was supposed to take effect in April 2020 but was postponed till July 2020 due to the COVID-19 pandemic and widespread “apathy” towards the increase.

Mamman said, “The impact of the COVID-19 pandemic has also affected our laid out plan for the repositioning of the electricity market towards financial sustainability under the Power Sector Recovery Programme (PSRP).

“Initially, the Regulator, following the completion of public consultation on tariff review, planned on conducting a tariff review in April 2020.

READ ALSO: Alleged Domestic Violence: Davido’s Fiancee, Chioma Opens Up

“However, due to COVID-19 and customer apathy, the proposed tariff review was delayed by 3 months.

“The impact of this means the subsidy being incurred in maintaining the current tariff level had to be maintained till July 2020 when the proposed tariff review will be implemented.”

Mamman said that the challenge the nation’s power sector was facing in the development and expansion of transmission line was “budget and release of FG’s commitment in the estimated sum of N32billion primarily for Right of Way acquisition and environmental impact mitigation.

“The fund should be provided for in the 2020, 2021, and 2022 Appropriation of the Ministry of Power.”

Facebook Comments

Copyright © 2020 AN24.net