By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVEAIT LIVEAIT LIVE
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Font ResizerAa
Font ResizerAa
AIT LIVEAIT LIVE
Search AIT
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Follow US

FG extends reversal of electricity tariff hike by one week

Last updated: October 12, 2020 9:50 am
5 years ago
Share
4 Min Read
Power Sector

The meeting between the Federal Government and organized labour has agreed that the reversed electricity tariff hike should be maintained for another one week after the initial two weeks expired.

The extension according to the meeting is to enable an implementation committee to draft a workable plan after the FG and organised labour technial Committee chaired by Minister of State for Labour and Employment submitted its interim report.

A recommendation by the technical committee for six million meters to be distributed to homes before December 2020, but unfortunately, only one million meters are available which almost marred the deliberations.

However, after an intense deliberation at was agreed for distribution of one million meters from October to December based on the lack of capacity of local meter manufacturers, which have only been able to produce just a little above three hundred thousand.

The meeting also deliberated that the six million metres to be produced by the government do not exonerate the distribution companies of their responsibility, also labour accused government weak regulation in the power sector since it was privatised as responsible for the obvious poor performance available in the sector.

It was also agreed that the Nigerian Electricity Regulatory Commission, NERC will meet with the Central Bank of Nigeria, CBN on further deliberation on placing elechargectricity workers salaries on first line.

Also Read : Electricity supply: NERC suspends tariff for 14 days

The meeting agreed that NERC should issue instruction to DisCos on  cases of over billing for customers without meters.

Import waiver for electricity sector to receive incentives to aid further reduction on tariff charges is to be considered by the Federal Government.

The meeting resolved to co-opt the NNPC into the committee due to the price of gas supply 

The Festus Keyamo Technical committee is empowered to work between October 12 to December 12, 2020 to ensure all outstanding issues are resolved.

On the various palliatives promised by government to cushion the effect of fuel and electricity increases, the meeting resolved that ministries departments and agencies should be given one week to get back on the items agreed.

A twist in the meeting was when labour raised an alarm that while negotiating to resolve issues, the Federal Government through the Ministry of Justice served organised Labour a court order. The Federal Government delegation regretted the action and promised to withdraw the court summon on labour over planned strike.

Also, the Federal Government denied media reports credited to the Minister of State for Transportation, Gbemisola Saraki,  that N10 billion was given to labour in place of N2 billion agreed as part of palliatives.

The SGF Boss Mustapha while clarifying the issue said the N10 billion is designed for the transportation sector and not related to the meeting

(Editor: Terverr Tyav)

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Print
Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • G20 Summit: Norway reaffirms support to Africa’s development with NOK 3.1 billion pledge to the African Development Fund’s seventeenth replenishment December 2, 2025
  • One Week to Go: MSGBC Conference to Unveil Next Phase of Regional Growth December 2, 2025
  • MSGBC 2025 to Explore West Africa’s Refining Expansion, Institutional Transformation December 2, 2025
  • United Kingdom's (UK) Withdrawal from Mozambique Liquefied Natural Gas (LNG) Funding Is a Blow to African Energy Justice December 2, 2025
  • Africa rallies around forest innovation as African Forestry and Wildlife Commission (AFWC25) opens in The Gambia December 2, 2025

Trending

Insecurity
Coalition of Northern Youths threaten mass action over insecurity
Local
aitlive 3 5
NAPTIP rescues 12-year-old girl forced into marriage in Benue State
Local
aitlive 1 33
President Tinubu vows to end Nigeria’s reliance on borrowing, targets 18% rise in Tax to GDP ratio
Economy Headlines
aitlive 7 1
Tinubu Meets Ayim, Metuh At Presidential Villa
Local
AIT IMAGES 4
Zamfara Govt. Pledges To Prioritise Girl-Child Education
Local

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw

About Us

  • About AIT
  • Our History
  • Our Awards
  • Our Values
  • Privacy Policy


Follow US
© AIT.LIVE. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?