By Emmanuel Addeh and Adedayo Akinwale in Abuja
While the tariffs for customers in A and B bands were reduced by 10 per cent, the tariff for C band customers was reduced by 30 per cent. According to him, after negotiations with organised labour, all the parties agreed to a reduction of tariffs for certain bands while bands D and E remain frozen and C will continue to be subsidised in the short term to the tune of 30 per cent.
“That increase will be reduced by 30 per cent and then there will be a 10 per cent reduction in A and B. But I promise you next week on the headlines if we resume service based tariff, what everyone will be saying is that government has increased tariff for everybody and that’s because there’s a vibrant urban population that consumes the headlines. But we are committed to doing the right thing.
He admitted that the government had been doing many things wrong, which had prevented it from making progress, but noted that from now, all the hard decisions to ensure the survival of the industry and supply of stable electricity to Nigerians will be taken. “There’s no way we are going to continue to live in an imaginary world where we think that we can make progress selling a product for less, whereas it costs more.
“There’s full transparency. If there’s N5bn in the account, we are going to take the market money and the debts and then give the Discos the balance. They will have a facility that enables them to wrap up slowly and the 63 per cent minimum remittance. There’s an Opex and Capex loan made available.” “It used to be somewhere around five million around 2015/2016 and then went to seven million and last year when MAP started, it was about nine million. But now, the data as at July which we submitted to government is somewhere around 11.2 million,” he stated.Meanwhile, the federal government will today commence nationwide distribution of free metres, under the National Mass Metering Programme .
A source, who pleaded anonymity revealed that the locations to receive meters include Bawo Road and environs in Kano metropolis , Governor Road/Tudun Wada in Kaduna , Oshodi Business Unit in Ikeja , and Yaba and Surulere .
Make electricity available, raise the tariffs. Nothing good comes free. There is poverty yet Nigerians spend over 10k monthly running their generator sets. What is wrong in paying 30% of that on electricity? Nigerians must do away with sentiments to make things work for them!
As payback against protesters.
Haba... NLC....
Idiots, The bloody high tariff was not paused anyway.
I suggest various Stakeholders and Value chain be engaged properly to work out Jan 2021 So All Plans can be finalized EngrSMamman PowerMinNigeria PowerUpNG Power4All2025 NigeriaGov NGRPresident OvieOmoAgege DrAhmadLawan UKinNigeria
So the strike was useless?
What did NLC achieve? And why all these heaping of more burdens on Nigerians by a failed Government? - Fuel price hike in the heat of a pandemic. - By extension, hike in cost of goods. - Naira crashing to N465 per $. - Hike in electricity tariffs. - Insecurity. EndBuhari
Who dey sell solar system here ?
We go beat them tired😠 4hours electricity within one week and una still wan increase the tariffs ogun kill them
Why is this electricity management so careless in plight of d masses
Labour has failed in this negotiation. EndSARS
After they've increased it already.
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