The Nigeria Labour Congress (NLC) has strongly condemned the ongoing reclassification of electricity consumers by the Nigerian Electricity Regulatory Commission (NERC), describing it as a fraudulent scheme to impose higher tariffs on Nigerians under the guise of service improvement. In a communiqué signed by its General Secretary, Emmanuel Ugboaja, at the end of the National…
The Federal Government has announced plans to regularise electricity tariffs in a bid to address disparities in the current billing system as well as encourage investment in the power sector. The Minister of Power, Adebayo Adelabu, made this known at the ongoing public presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan…
Special Adviser to the President on Energy, Olu Arowolo Verheijen, has clarified recent media reports suggesting an imminent 65 percent increase in electricity tariffs, stating that her comments on the topic were misrepresented. Reacting to media reports on the said comment in a statement she issued on Monday, Verheijen emphasized that her remarks during a…
The Federal Government says plans are ongoing to increase electricity tariffs “over the next few months”. It, however, said that the planned increase needed to be balanced by subsidies for less-affluent electricity users. Bloomberg quoted the Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, as giving this hint at the Africa Heads of…