Electricity consumer protection groups on Tuesday advised the Federal Government against the removal of electricity subsidy so as not to create a hike in tariffs. Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, had disclosed that government was working towards eliminating electricity subsidy to free up funds for[Read More…]
Tag: tariff
FG Directs Reversal Of Electricity Tariff
The Minister of Power, Mr Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies(DISCOs) to revert to tariffs that were applicable in Dec. 2020. Mr Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a[Read More…]
Electricity Hike Another Betrayal Of Trust, Says Labour Union
The Trade Union Congress of Nigeria on Tuesday said it is disappointed by the recent hike in electricity tariffs approved by the Nigerian Electricity Regulatory Commission. According to a statement signed by TUC President, Comrade Quadri A. Olaleye, the hike was effected despite negotiations still ongoing with organised labour over[Read More…]
FG Clears Air On Increase In Electricity Tariffs
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[Read More…]
New Electricity Tariff Hike Will Reflect Inflation, Forex Rates — NERC
The Nigerian Electricity Regulatory Commission (NERC) has said the new electricity tariff hike would not affect customers being served less than an average of 12hrs of supply per day. NERC said some service bands have been adjusted by NGN2.00 to NGN4.00 per kWhr to “reflect the partial impact of inflation[Read More…]
DisCos Announces Compliance With NERC Directive on Reduction of Tariff
There are indications that power distribution companies in Nigeria are complying with the directive of the Nigerian Electricity Regulatory Commission (NERC) by suspending their plan to increase electricity tariff. According to a statement on Thursday, the Abuja Electricity Distribution Company (AEDC) said it has suspended the tariff hike until further[Read More…]
Electricity Tariff: Consumers To Pay Full Rates From July 2021
Power distributors have received approval to collect an average of 87.9 per cent of the recently increased electricity tariff from consumers across the country in the first six months of 2021. Latest tariff review documents issued to each of the 11 distribution companies by the Nigerian Electricity Regulatory Commission also[Read More…]
Consumers To Pay For Electricity Meters Through Tariff Costs – NERC
Electricity customers will henceforth cease to make one-off payment for meters but rather will pay for them via periodic tariff costs, the Nigerian Electricity Regulatory Commission (NERC) said. A reward system that will compensate those who have acquired meters from their own purse is also in the pipeline. Nathan Rogers[Read More…]
FG Set Rules For Players as New Tariffs Take of
The Nigerian Electricity Regulatory Commission (NERC) yesterday issued guidelines to stop the blame game between the Transmission Company of Nigeria (TCN) and Distribution Companies (Discos) over the latter’s alleged incessant rejection of power. The new guidelines came as the revised electricity tariffs to be paid by some electricity consumers, earlier[Read More…]
Outrage Among Consumers As NIPOST Imposes New Charges On Courier And logistics Services
The Nigerian Postal Service (NIPOST) has imposed new costs of licence for logistics and courier services, sparking outrage from Nigerians online. The new charges introduced by NIPOST are expected to cause an increase in the cost of courier services and delivery goods. According to NIPOST, companies which provide international courier[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]