• About
  • Contact Us
Tuesday, July 5, 2022
The Gist Day
No Result
View All Result
  • Login
  • News
    • All
    • National
    Nigeria Population Census

    FG To Recruit One Million Citizens For 2023 Population Census

    2023: Sani Picks El-Rufai’s Deputy, Balarabe, As Running Mate

    2023: Sani Picks El-Rufai’s Deputy, Balarabe, As Running Mate

    Alleged Co-Conspirator Of Air Peace Boss Pleads Guilty To Fraud Charges

    Top Nigerian Newspaper Headlines For Today, Tuesday, 5th July, 2022

    Top Nigerian Newspaper Headlines For Today, Tuesday, 5th July, 2022

    Tinubu El-Rufai APC

    2023 Election: Support Organization Endorses El-Rufai As Tinubu’s Running Mate

    Buhari ASUU Ukraine Nigeria

    FG Offers University Placement To Ukraine-Based Nigerian Students Despite ASUU Strike

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Business
  • National
  • Politics
  • Opinion
  • Coronavirus
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel
  • News
    • All
    • National
    Nigeria Population Census

    FG To Recruit One Million Citizens For 2023 Population Census

    2023: Sani Picks El-Rufai’s Deputy, Balarabe, As Running Mate

    2023: Sani Picks El-Rufai’s Deputy, Balarabe, As Running Mate

    Alleged Co-Conspirator Of Air Peace Boss Pleads Guilty To Fraud Charges

    Top Nigerian Newspaper Headlines For Today, Tuesday, 5th July, 2022

    Top Nigerian Newspaper Headlines For Today, Tuesday, 5th July, 2022

    Tinubu El-Rufai APC

    2023 Election: Support Organization Endorses El-Rufai As Tinubu’s Running Mate

    Buhari ASUU Ukraine Nigeria

    FG Offers University Placement To Ukraine-Based Nigerian Students Despite ASUU Strike

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Business
  • National
  • Politics
  • Opinion
  • Coronavirus
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel
No Result
View All Result
Morning News
No Result
View All Result
Home Business

FG Kicks Against Electricity Tariff Hike, Seeks Improved Service

Emmanuel Onminyi by Emmanuel Onminyi
April 1, 2020
in Business, National, News
0
Electricity Tariff

Mamman Saleh

0
SHARES
47
VIEWS
Share on FacebookShare on Twitter

Minister of Power, Sale Mamman, has stated that electricity tariffs will not be increased unless distribution companies, DisCos, improve the quality of supply, meter consumers and agree with consumers on rates.

READ ALSO: Here Is How Much Benin, Niger And Togo Owe Nigeria For Electricity

READ ALSO

FG To Recruit One Million Citizens For 2023 Population Census

2023: Sani Picks El-Rufai’s Deputy, Balarabe, As Running Mate

Mr Mamman was reacting to an announcement by the Nigerian Electricity Regulatory Commission, NERC, that tariff increase that was to commence on April 1 had been postponed.

app

Saying that it would mean paying more for darkness as the electricity situation has not improved, Nigerians have condemned the tariff increase, even though the Discos argued that the current tariff plan is not viable to sustain their operations.

In a statement, Tuesday evening, the minister said President Muhammadu Buhari approved that the postponement of the increase should be for three months, but the tariff increase will, however, not commence unless the DisCos improve their operations, he said.

Eco Bank

app

Read full statement below:

As part of the Federal Government efforts to ameliorate the current challenges occasioned by the ravaging COVID – 19 pandemic, The Nigerian Electricity Regulatory Commission today issued an Order that included a 3-month delay in the implementation of tariff measures.

The 3-month delay in the implementation of tariff measures is consistent with His Excellency the President’s announcement on March 29th granting a moratorium for certain Federal Government funded facilities to the Nigerian Public.

app

There will be no tariff action in APRIL. Thereafter, tariffs will only be raised as the Distribution Companies (DISCOs) improve quality of supply, meter consumers and agree with consumers on rates. DISCOs that fail to improve will be sanctioned. This is based on the outcome of the public hearings on tariffs. The Ministry is supportive of a “service reflective” tariff system which is more equitable and will encourage investment in the sector. The Ministry will work with NERC to ensure that improvements happen in the entire DISCO network and estimated billing is capped per NERC Order 197/2020. This will eliminate arbitrary billing that Nigerians have raised issues with.

We are also implementing other key emergency measures to support the NESI (Nigerian Electricity Supply Industry). We are working with the CBN to ensure payments to the generators and gas suppliers through the Payment Assurance Facility (PAF) are expedited to support power supply. TCN is also creating emergency measures to ensure staff will be available to monitor the grid and perform technical interventions.

These changes and emergency measures will have an impact on Government finances. The Power Sector Recovery (PSRP) Financing Plan is being updated to reflect the changes. The Financing Plan will help support ongoing discussions with the World Bank on financial support for the sector and the transition away from tariff support as Government optimises its resources.

During this difficult time, the President has instructed that critical infrastructure projects and programs for the poor and underserved be continued. The Ministry will continue to
implement key infrastructure programs such as the Siemens/Presidential Power Initiative (PPI). The Ministry through TCN will also continue the Transmission Rehabilitation and Expansion Program in partnership with the World Bank, African Development Bank, AfD, JICA and other key development partners. To support the underserved and citizens without access in this difficult time, the Ministry will accelerate programs with the Rural Electrification Agency (REA) focusing on Solar Home Systems and Solar Mini-Grids that impact the poor. These programs continue to be supported by the World Bank, African Development Bank, USAID, DFID and other key development partners. The Ministry is also in discussions with the Central Bank to provide financing to accelerate Solar Off-Grid programs with the REA.
The Ministry will engage with key NESI players in this difficult time to ensure sustainability of supply.

GTBank

I commend players in the NESI that have made commitments to ensuring stable power supply in this period. Thank you to all the industry players for this patriotic stand. Indeed, times like these demands nothing less.

I am assuring Nigerians that the priority of this government as directed by President Muhammadu Buhari is to provide support for all citizens as we battle the global pandemic.

Recall that the NERC had planned to increase the tariff on April 1 before it shifted the date to July following the ongoing lockdown in various parts of the country.

Tags: DiscosNigeriaPower

Related Posts

Nigeria Population Census
National

FG To Recruit One Million Citizens For 2023 Population Census

July 5, 2022
2023: Sani Picks El-Rufai’s Deputy, Balarabe, As Running Mate
News

2023: Sani Picks El-Rufai’s Deputy, Balarabe, As Running Mate

July 5, 2022
Income Tax Returns: FIRS Extends Due Date For Companies
Business

Income Tax Returns: FIRS Extends Due Date For Companies

July 5, 2022
Zenith bank
Business

For a Second Consecutive Year, Zenith Bank Maintains Position as Nigeria’s Best Commercial Bank, also Named Best Corporate Governance Bank at World Finance 2022 Awards

July 5, 2022
News

Alleged Co-Conspirator Of Air Peace Boss Pleads Guilty To Fraud Charges

July 5, 2022
Before his new appointment, the Nigerian-born Ezinwa was the Manager, Human Resources, Client Relations and Staff Engagement Division in the Human Resources Operations, Recruitment and Client Services Department of the People and Talent Management Complex of the AfDB. Ezinwa joined the AfDB in 2017 as Lead Human Resources Operations/Advisor with the responsibility for facilitating the HR services delivery across the department and ensuring the implementation, follow up and monitoring of departmental objectives, work-plan and result delivery.
Business

Dollar To Naira Black Market Exchange Rate Today 5th July 2022

July 5, 2022
Next Post
Nigeria PMS

FG Further Slash Price Of Petrol

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

app

app
GTBank ADs GTBank ADs GTBank ADs

LATEST NEWS

LOOMING STRIFE IN DELTA OIL COMMUNITIES AS STAKEHOLDERS ACUSE CHEVRON OF FRUSTRATING AWARD OF CONTRACTS FOR ITSEKIRI REGIONAL DEVELOPMENT COMMITTEE (I.R.D.C)

July 4, 2022
Week 52 Pool Fixture for Sat 2, July 2022: Aussie 2022

Week 52 Pool Fixture for Sat 2, July 2022: Aussie 2022

June 28, 2022
Week 2 Pool Fixture for Sat 16, July 2022: Aussie 2022

Week 2 Pool Fixture for Sat 16, July 2022: Aussie 2022

June 28, 2022
Itsekiri Olu of Warri

Itsekiri Trust Fund Launches Social Security Healthcare Safety Net

June 28, 2022
Week 1 Pool Fixture for Sat 9, July 2022: Aussie 2022

Week 1 Pool Fixture for Sat 9, July 2022: Aussie 2022

June 28, 2022

EDITOR'S PICK

Delta

Many Reportedly Feared Dead In Delta Gas Explosion

January 23, 2021
Davido Receives Over N90 Million From Friends Hours After Asking For N1 million

Davido responds after social media users claim his London concert wasn’t sold out

March 7, 2022
Governor Abdulrazaq of Kwara Loses Father

Governor Abdulrazaq of Kwara Loses Father

July 25, 2020
Jaruma Mocked As Her Ex-husband Finds New Love

Jaruma Mocked As Her Ex-husband Finds New Love

March 29, 2022

About

We bring you the stories that perfect for news, finance, politics etc. Check our landing page for details.

Follow us

Categories

  • A Call to Prayer
  • Appointments
  • Business
  • Celebrities
  • Coronavirus
  • Corporate Amazon
  • Economy
  • Education
  • Entertainment
  • Environment
  • Fashion
  • Financial Literacy
  • From the Kaaba
  • From the Pulpit
  • Gist & Jabs
  • Health
  • Jobmart
  • Lifestyle
  • Living
  • Metro Gist
  • National
  • News
  • Op-Ed
  • Opinion
  • Politics
  • Press Release
  • Religion
  • Sport
  • State News
  • Tech
  • Tourism
  • Travel
  • Uncategorized
  • World News

Recent Posts

  • BBNaija season 7 confirmed for double entry show premiere this July
  • Davido’s Babymama, Sophia Momodu Sparks Reactions As She Flaunts Engagement Ring
  • PDP Crisis: Wike’s Loyalists Insist On Immediate Resignation Of PDP’s Chairman, Iyorchia Ayu
  • FG To Recruit One Million Citizens For 2023 Population Census
  • Disclaimer
  • Home 2
  • Ikoyi building collapse: Corper who redeployed from Borno to Lagos, confirmed dead
  • Privacy Policy
  • Sample Page
  • TheGistDay
  • Whitemoney And New Lady Spotted Stepping Out Of Hotel Together (Video)

© 2022 TheGistDay.

No Result
View All Result
  • News
  • Business
  • National
  • Politics
  • Opinion
  • Coronavirus
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel

© 2022 TheGistDay.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Posting....