FG says payment of new electricity tariffs will resume next week

FG says payment of new electricity tariffs will resume next week

- The implementation of payment of the new electricity tariff will resume next week, the federal government has said

- Ahmad Zakari, the special adviser on infrastructure to President Buhari made the announcement on Thursday, October 29

- Recall that the federal government had suspended the new electricity tariff following massive outrage

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After sealing a deal with organised labour, the federal government on Thursday, October 29, said that as from next week the collection of Service-Based Electricity Tariffs (SBT) will resume, ThisDay reports.

This development was confirmed by Ahmad Zakari, the special adviser on infrastructure to President Muhammadu Buhari, during the 51st virtual Power Dialogue in Abuja, organised by Nigeria Electricity Hub.

Back in September, the federal government suspended the new electricity tariff following a massive outage capped by the partially aborted nationwide protest of the organised labours.

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The suspension of the controversial new tariff took effect in line with the agreement reached by the federal government, the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC).

FG says payment of new electricity tariffs will resume next week

FG says payment of new electricity tariffs will resume next week. Photo credit: ThisDay
Source: UGC

According to Zakari, the implementation will begin next week since labour has accepted the new terms.

The president's aide went on to note that the electricity market in the country will collapse if the government allows it to continue the way it has always been run.

Zakari added that the government's intention is to transit to a market-based regime, where the demand and supply will determine prices.

He also stated that since the government is now closely monitoring the collection of electricity revenues by the Distribution Companies (Discos) there will be more transparency.

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Earlier, Legit.ng reported that the federal government and labour unions agreed to temporarily subsidise the electricity tariff for the next three months.

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The resolution was reached at the end of a long meeting of the ad-hoc technical committee on electricity tariff between representatives of the federal government, NLC, and TUC.

This was made known in a communique released by the minister of state for labour and employment, Festus Keyamo, in a series of tweets via his Twitter account @fkeyamo on Monday, October 12.

Similarly, the federal government has reportedly commenced the free distribution of electricity meters to Nigerians nationwide.

The presidency reported that the distribution commenced on Friday, October 30, in Kano, Kaduna, Eko, and Ikeja DISCO franchise areas.

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Source: Legit.ng

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