Stop NERC From Increasing Electricity Tariff, Reps Tell FG

A file photo of a transformer. Inset: NERC logo.

 

The House of Representatives has called on the Federal Government to stop the proposed increase of electricity tariff for June.

This formed part of the resolutions by the lawmakers during Thursday’s plenary in the lower chamber of the National Assembly in Abuja, the nation’s capital.

They stressed that it was important to direct the Nigerian Electricity Regulatory Commission (NERC) to rescind its decision on the proposed increment in view of the hard times Nigerians were going through.

Similarly, the lawmakers mandated the House Committees on Power, Poverty Alleviation, as well as Labour, Employment and Productivity to ensure compliance with the directive.

A member of the House, Aniekan Umanah, had raised a motion seeking that the nation’s electricity regulator should suspend the proposed increase in electricity tariff.

He wondered why there would be an increase in electricity tariff at a time when Nigerians were going through hard times and governments all over the world were providing means to cushion the effects of the COVID-19 pandemic.

According to the motion, the Electric Power Sector Act of 2005 established the NERC with a mandate to license Distribution Companies (DISCOs), determine operating codes and standards, establish customer rights and obligations, as well as set cost-reflective industry tariff.

The lawmaker stated that the Act prescribed its funding from 15 per cent of electricity charges paid by consumers to distribution companies.

He decried that NERC, working with the distribution companies, had increased the tariff five times since 2015, the latest being on January 1, 2021.

 

Lack Of Empathy

Despite the increases, Umanah lamented that Nigerians have not enjoyed significant improvement in power generation but grapple with daily epileptic services from the DISCOs.

He also accused the distribution companies of exploitation in the name of estimated billing arising from non-metering of over 50 per cent of consumers across the country.

The lawmaker informed his colleagues that poor services by the DISCOs have impacted negatively on the socio-economic growth of the country, saying the International Monetary Fund (IMF) Report of 2020 on Nigeria indicated that the manufacturing sector lost over $200 billion to inadequate power supply while $21 billion was said to have been spent by Nigerians on generators within the period under review.

He noted that Nigerians have gone through many hardships in recent times arising from acts of terrorism, banditry, and kidnappings.

Umanah said he was concerned that at a time governments all over the world were adopting measures to cushion the effects of the COVID–19 pandemic by providing a wide range of palliatives to losses of loved ones, jobs, businesses and general distortion in the social life, NERC was considering a further increase in electricity tariff in a country where two-thirds of its 200 million population were grappling with the effects of the pandemic.

He stressed that the current economic recession made worse by inflation has resulted in disturbing prices of foodstuffs, and increased prices of petroleum products have triggered the further increase in transport costs and rents.

The lawmaker added that the spending power of an average Nigerian has drastically reduced, warning that any further hike in electricity tariff would amount to overkill, lack of empathy, and height of insensitivity on the part of the government.

No Plan To Significantly Raise Electricity Tarrifs – FG

A file photo of a powerline.
A file photo of a powerline.

 

The Federal Minister of Power, Sale Mamman on Friday said there is no plan to significantly raise electricity tariffs across the country.

Rather, the Minister said in a statement shared on his official Twitter handle, Nigerians should expect an increase in the power sector’s efficiency.

The Minister’s comments come after the Nigerian Electricity Regulatory Commission said it was ready to conclude the “Extraordinary Tariff Review process” for the country’s 11 electricity distribution companies.

In a notice posted to its website on Monday, the Commission expressed its readiness to commence the processes for a minor review of the tariff in July, based on “changes in inflation, foreign exchange, gas prices, and available generation capacity” among other factors.

A file photo of Minister of Power, Sale Mamman
A file photo of Minister of Power, Sale Mamman

 

However, Mr. Mamman said NERC’s action is in accordance with Section 76 of the Electric Power Sector Reform Act of 2005.

“The tariff for customers on service bands D & E (customers being served less than an average of 12hrs of supply per day over a period of one month) remains subsidized in line with the policy direction of the Federal Government,” he said.

“Section 76 of the Electric Power Sector Reform Act of 2005 provides clear guidelines for the periodic review of tariff (based on market data and submissions from licensees).

READ ALSO: Electricity Tariff Hike Looms As NERC Seeks To Conclude ‘Extraordinary Review’

“The guidelines include the provision that the Commission shall give notice of activities related to tariff.

“The Multi-Year Tariff Order (MYTO) per NERCs regulation obtains inputs from operators in the market every 6 months to perform minor reviews and a major review is required every 5 years. Thus, as in January a minor review will occur in June. Given the timing for the Extraordinary review has also elapsed, a review will occur for consideration in January 2021,’.

“The Buhari administration remains faithful to the adopted resolutions from the Joint FGN-NLC/TUC Technical Committee on Electricity Tariffs which makes recommendations for “NERC to conduct an extraordinary review of the MYTO to further review factors and align them with current evolving realities.

“The reason this recommendation was posited by the Committee was to ensure that efficiencies could be derived from an extraordinary review to further reduce tariff.”

Meter Distribution

The Power Minister stressed that the Federal Government is committed to “increasing supplied energy to the grid through rapid expansion of infrastructure through the various facilities for the sector either to the DISCOS under strict terms or to the Transmission Company of Nigeria.”

He added that the Buhari administration will ensure to eliminate the metering gap currently ailing the nation’s power sector.

By some estimates, Nigeria needs more than six million meters to close the gap.

But Mr Mamman said “the National Mass Metering Program is on course to reduce losses.

“To date more than 500k meters have been delivered to DISCOs in phase 0 of the program in 5 months (this exceeds the progress done for the entire MAP scheme).

“We will eliminate the metering gap during the life of this administration.

“This administration is not unaware of the challenges that Nigerians face which is why govt has continued to subsidise the band D and E consumers to pre-Sept 2020 rates (55% of grid connected customers).”

There Has Been No Increase In Electricity Tariffs, Says Keyamo

 

The Minister of State for Labour and Employment, Festus Keyamo, says there has been no increase in electricity tariffs following an adjustment by the Nigerian Electricity Regulatory Commission (NERC).

Speaking on Channels Television’s Politics Today on Tuesday, the Minister explained that what was done was to adjust certain bands and to ensure that certain persons who are supposed to be on some bands, are not wrongly put on some other bands.

“What we agreed to do was to freeze certain bands (we have band A,B,C,D). In the interim, what we did was to adjust certain bands and to ensure that certain persons who were supposed to be on some bands, are not wrongly put on some other bands but there has not been any increase in tariffs,” he said.

This is contrary to a statement by NERC issued earlier on Tuesday admitting that the rates for service bands A, B, C, D, and E have been “adjusted” by N2 to N4 per kilowatt-hour (KWH).

According to the agency, the adjustment is in compliance with the provisions of the Electric Power Sector Reform (ESPR) Act and Nigeria’s tariff methodology for biannual minor review.

Read Also: Electricity Consumers To Pay More As NERC Adjusts Tariff

It also noted that it was aimed at reflecting the partial impact of inflation and movement in forex.

But Keyamo who is the chairman of the sub-committee mandated to go round the country to interact with stakeholders and the discos to find a cost-effective tariff that Nigerians can pay, maintained that there has been no increase in tariff.

“We are still in the process of carrying out our assignment, we have not finished and when I saw the story this morning, I consulted members of the team and they said it is not correct. There has been no increase in tariff,” he said on Tuesday.

Meanwhile, 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 the last increase that became effective from November 1.

Electricity Consumers To Pay More As NERC Adjusts Tariff

A file photo of a transformer. Inset: NERC logo.

 

Consumers in the country will begin to pay more for electricity following an adjustment of tariff by the Nigerian Electricity Regulatory Commission (NERC).

The approval was given in a Multi-Year Tariff Order (MYTO) signed by the new NERC Chairman, Sanusi Garba, and obtained by Channels Television on Tuesday.

In the document dated December 31, 2020, the agency stated that the order was effective from January 1, 2021.

The new rate is payable by electricity customers of the 11 Distribution Companies (DISCOs) spread across the country.

The new increment order was issued barely two months after the implementation of the controversial increase proposed in 2020.

Part of the document reads,

This order supersedes ORDER/NERC/202B/2020 and shall take effect from 1 January 2021 and shall cease to have effect on the issuance of a new Minor Review Order or an Extraordinary Tariff Order by the Nigerian Electricity Regulatory Commission (“NERC” or the “Commission”).

The commission, pursuant to sections 32 and 76 of the Electric Power Sector Reform Act (“EPSRA”), issued the Revised MYTO – 2020 Tariff Order within an effective date of 1 November 2020 to address, amongst other objectives, the transition to cost-reflective tariffs (CRT) and introduction of Service-Based Tariffs (SBT) regime with a view to improving customer service experience as well as ensuring financial sustainability of the Nigerian Electricity Supply Industry (“NESI”).

In line with the Regulations on Procedure for Electricity Tariff Review in the Nigerian Electricity Supply Industry and MYTO Methodology (Amended), this Minor Review of the Revised MYTO – 2020 Order considered the impact of inflation rates (Nigeria and USA), foreign exchange rate (NGN/USD), gas prices, available generation capacity and material variances to the accompanying CAPEX and OPEX required for the evacuation and distribution of available generation capacity.

Accordingly, the Order is issued to reflect the impact of changes in the Minor Review variables as indicated in section 7 of this Order and used relevant projections based on best available information in the determination of cost-reflective tariffs (CRT) and relevant tariff shortfalls for the year 2021.

The Order also determines the minimum remittances payable by IBEDC in meeting its market obligations based on the allowed end-user tariffs.

 

NERC Denies ’50 Per Cent’ Tariff Increase

Five days after the order was issued, there was an outcry over the adjustment by NERC following reports that consumers would pay about 100 per cent more.

In a swift reaction, the regulatory body denied the reports and accused the media outfits that published same of misinforming the public.

NERC, in a series of tweets, insisted that tariff for customers being served less than an average of 12 hours of supply per day over a period of one month would remain frozen and subsidised, in line with the policy direction of the Federal Government.

It, however, admitted that the rates for service bands A, B, C, D, and E have been “adjusted” by N2 to N4 per kilowatt-hour (KWH).

Noting that the adjustment was in compliance with the provisions of the Electric Power Sector Reform (ESPR) Act and Nigeria’s tariff methodology for biannual minor review, the agency explained that it was aimed at reflecting the partial impact of inflation and movement in forex.

Read the statement issued by NERC below:

PUBLIC NOTICE ON PURPORTED 50% INCREASE IN ELECTRICITY TARIFFS

The attention of the Commission has been drawn to publications in the print and electronic media misinforming electricity consumers that the Commission has approved a 50% increase in electricity tariffs.

The Commission hereby states unequivocally that NO approval has been granted for a 50% tariff increase in the Tariff Order for electricity distribution companies which took effect on January 1, 2021.

On the contrary, the tariff for customers on service bands D & E (customers being served less than an average of 12hrs of supply per day over a period of one month) remains frozen and subsidised in line with the policy direction of the FG.

In compliance with the provisions of the EPSR Act and the nation’s tariff methodology for biannual minor review, the rates for service bands A, B, C, D and E have been adjusted by NGN2.00 to NGN4.00 per kWhr to reflect the partial impact of inflation & movement in forex.

In the light of strong public interest on this matter, the media is hereby requested to retract their earlier publications misinforming electricity consumers nationwide about a purported 50% increase in electricity tariffs.

The Commission remains committed to protecting electricity consumers from failure to deliver on committed service levels under the service-based tariff regime.

Any customer that has been impacted by any rate increases beyond the above provision of the tariff Order should report to the Commission at [email protected]

Ikeja Electric Suspends Increased Electricity Tariff

FG Set To Demolish Structures Around High Tension Cables
A file photo of an electricity pole.

 

One of the several electricity distribution companies in the country, Ikeja Electric on Thursday announced that it has complied with the Nigerian Electricity Regulatory Commission (NERC) order to suspend the new Service Electricity Tariff for the next two weeks.

Electricity tariffs were upwardly reviewed in September sparking an outcry from many Nigerians.

 

The increase was part of the reasons why labour unions threatened to hold a nationwide strike last Monday.

READ ALSO: NERC Suspends Electricity Tariff Hike For Two Weeks

However, the industrial action was shelved after Federal Government representatives met with labour leaders and agreed to suspend the tariffs for two weeks when investigations into what the Labour Minister, Chris Ngige, has described as conflicting field reports justifying the hike in electricity tariff, is completed.

“Within this period, the tariffs for all customers shall be based on rates applicable as at 31 August 2020,” Ikeja Electric said in its statement.

 

Strike: Give Us More Time To Negotiate, Gbajabiamila Pleads With NLC

 

The Speaker of the House of Representatives, Femi Gbajabiamila, on Sunday implored the Nigerian Labour Congress, and the Trade Union Congress to give room for enough time for negotiations with the executive arm of government over the proposed industrial action initially scheduled to commence on Monday.

The Speaker made the appeal while meeting with the President of the NLC, Ayuba Wabba, and the President of the TUC, Quadri Olaleye, in his office on Sunday.

He expressed concerns over the consequences of a shutdown of the nation’s socio-economic activities on Nigerians, while disclosing his intentions to interface with the executive for a possible amicable resolution of the demands of the Labour unions.

The labour unions had threatened to embark on industrial action from Monday if their demands for the reversal of the increase in electricity tariff and Premium Motor Split (PMS) were not met.

But the Speaker said it is incumbent upon the House as elected representatives to see how they can intervene and perhaps a third voice, would be able to broker some kind of amicable solution to the ongoing impasse while citing instances where the House had successfully intervened.

He later met with the Vice President, Professor Yemi Osinbajo and the Secretary to the Government of the Federation Boss Mustapha, to deliberate on the outcome of his meeting with the labour leaders.

 

Monday Mass Protest: Gbajabiamila Meets With NLC

 

 

The labour leaders later on, went into a meeting with the Federal Government which commenced at 7:00 pm and continued till late into the night.

The outcome of the meeting will determine whether or not the strike will hold.

Electricity Tariff Hike: Nigerians Will Understand Where We Are Going – Osinbajo’s Aide

 

Laolu Akande has defended the Federal Government following the outcry that met the hike in electricity tariff, insisting that things will get better with time. 

Akande, the Senior Special Adviser (SSA) to Vice President Yemi Osinbajo, believes it is in the best interest of Nigerians.

“The people that we are negotiating with in labour, they are Nigerians. We will show them the evidence,” he said on Channels Television’s Sunrise Daily, Tuesday, while responding to a question on how the Federal Government will negotiate with labour unions who have rejected the tariff increment.

“The superior logic is what is going to determine the fate of our nation; the thinking, the transparency; the honesty and the commitment. We are confident Nigerians will understand what we are doing and where we are going.”

READ ALSO: CBN Approves N200bn Housing Loan, Targets 900,000 Low-Income Earners, Children

While reiterating that everyone has a stake in the country, Akande called on Nigerians to be patient with government.

 

Akande believes the hike in electricity is in the best interest of Nigerians.

 

“It is important for Nigerians to understand the protections Mr President has put in place and take it from there,” the media aide explained

Buttressing measures in place to cushion the impact of the increase in tariff,  he restated that majority of Nigerians will not be paying more for electricity.

According to him, those who get less than twelve hours of power supply but are paying the new electricity charges should “let us know.”

“The President has also said that there should be mass metering in the country and we are starting with the provision of least five million meters,” he noted

“The President said he has waived the tariff to bring the meters so that everybody gets a meter,” assuring that “the president is on their side.”

FG, Labour Meet

The organized labour had threatened to down tools over the hike in electricity and the pump price of petrol and, Tuesday, met with representatives of the Federal Government.

The meeting called by the Minister of Labour, Chris Ngige with the Trade Union Congress (TUC) and the Nigerian Labour Congress in attendance held at the Banquet Hall of the Presidential Villa in Abuja.

Channels Television learned that the meeting which is at the directives of President Muhammadu Buhari is to discuss solutions to the recurring labour issues with a view to finding an end to incessant industrial actions.

Electricity Tariff Hike: Review Is A Painful Adjustment, Says Buhari

A file photo of a transformer.

 

President Muhammadu Buhari says the decision to adjust the electricity tariff is one that is regretted by the Federal Government.

He is, however, relieved that the tariff review is not about the increase – which will only affect the top electricity consumers – but establishing a system that will definitely lead to improved service for all at a fair and reasonable price.

The President made the remarks on Monday in Abuja at the first-year Ministerial Performance Review Retreat where he was represented by the Vice President, Professor Yemi Osinbajo.

 

Earlier, he reacted to the increase in the price of Premium Motor Spirit (PMS), also known as petrol, which most marketers sell at a minimum of N160 per litre.

“The other painful adjustment that we have had to make in recent days is a review of the electricity tariff regime.

“If there is one thing that we have heard over and over again, it is that Nigerians want consistent and reliable power supply. So, the power sector remains a critical priority for the administration,” President Buhari said.

He stressed that the protection of the poor and vulnerable while ensuring improved service in the power sector, was also a major priority for the government.

A file photo of an attendant filling the fuel tank of a car.

 

Timing Of Petrol, Electricity Tariff Increase

President Buhari added that the policies of his administration such as the Social Investment Programmes (SIPs) and other socio-economic schemes have shown that they remained focused on improving the welfare of the common man.

“There have been some concerns expressed about the timing of these two necessary adjustments.

“It is important to stress that it is a mere coincidence in the sense that the deregulation of PMS prices happened quite some time ago, it was announced on 18 March 2020 and the price moderation that took place at the beginning of this month was just part of the on-going monthly adjustments to global crude oil prices.

“Similarly, the review of service-based electricity tariffs was scheduled to start at the beginning of July but was put on hold to enable further studies and proper arrangements to be made,” he explained.

According to the President, the implementation of a ‘Willing Buyer, Willing Seller Policy’ for the power sector has opened up opportunities for increased delivery of electricity to homes and industries.

He revealed that the government was also executing some critical projects through the Transmission Rehabilitation and Expansion Programme, which would result in the transmission and distribution of a total of 11,000 Megawatts by 2023.

Northern Groups Condemn Increase In Petrol Price, Electricity Tariff

A file photo of an attendant filling the fuel tank of a car.

 

A coalition of northern groups on Friday rejected the recent increase in the ex-depot price of petrol and electricity tariff by the Federal Government.

They are demanding the immediate and unconditional reversal of the new pump price to the initial N145 per litre and electricity tariff to N23, with the assurance of regularity and a higher quantity of supply.

The groups also asked President Muhammadu Buhari to stop the blame game and face the responsibility of his office to offer good governance to the people who voted him to power.

They accused the President of being desperate to shift the blame for the poor economic situation in the country which they described as proof of failure to provide good leadership.

The spokesman for the Coalition of Northern Groups, Abdul-Azeez Suleiman, made the position of the group known at a news conference in Kaduna State.

He said increasing the pump price of petrol at a time when nations were doing more to subsidise costs of essentials in line with citizens’ purchasing power, was highly insensitive, callous and an indication that the Federal Government has lost the courage to assume sole responsibility for the regulation and control of market forces at the detriment of ordinary citizens.

The spokesman for the Coalition of Northern Groups, Abdul-Azeez Suleiman, addressing reporters in Kaduna State on September 4, 2020.

 

According to him, the present administration has been tolerated for too long by the Nigerian masses, even with its purported level of impunity in the dispatch of goods and services which have gravely endangered the peace, unity, and development of the country.

Suleiman stated that the group would not hesitate to mobilise Nigerians for a nationwide protest in the coming days, should the Federal Government fail to reverse the pump price of petrol and electricity tariff.

A statement, which was issued at the end of the briefing, read:

Unfolding events around the national economy, security, general cost of survival in Nigeria in the past few days, have once again sparked serious concerns over the direction the country is heading.

In particular, the recent announcement of the Federal Government’s decision to hike the prices of such essentials as petroleum products and electricity have ignited widespread discontent and anger across every segment of the Nigerian society.

Concerned about this mounting national anger, the Coalition of Northern Groups met in Kaduna to review the alarming rise in the cost of living in the face of pervasive poverty and fast-spreading general insecurity of lives and property.

OBSERVATIONS

In light of this development and the unfolding scenario in the country that is pregnant with unforeseen circumstances, the CNG observes as follows:

That whereas the present administration had upon inception identified economic revival and security as major components of the three pillars of its change agenda, its entire national economy and law and order assets appear incapable of arresting an imminent drift towards poverty and the likelihood of the setting in of anarchy.

That the government’s mismanagement of an economy already adjudged in a second recession is characterized by the significant loss of output, massive youth unemployment, a rising level of poverty, instability, and irregular migration of skilled and unskilled labour.

That despite the administration’s claims to fighting a war against corruption, the entrenchment of mediocrity has left the country worse than it was five years ago in the global corruption perception index.

That the present administration had been tolerated for too long even with its level of impunity in the dispatch of goods and services which gravely endanger the peace, unity, and development of the country.

That the administration’s audacious impunity climaxed with hikes in fuel pump prices from an initial N87 to N151.50k per litre; electricity tariff from N22 to N66; and Value Added Tax (VAT) to 7.5% from 5%.

That these unjustified and unjustifiably indiscriminate increases with concomitant effects on life-sustaining essentials like foodstuff and foreign exchange rates have resulted in the exponential escalation of inflation, despair, crime, and criminality.

OUR STAND

On the basis of the foregone critical observations, the CNG hereby resolves to:

Call on the federal government to announce an immediate and unconditional reversal of the prices of fuel to the earlier N145 per litre and electricity tariff to N23 with the assurance of regularity in quality and quantity of supply, assume full control of commodity pricing, jettison all aspects of unwarranted taxation, halt the current multi-sectoral extortions by multinational service providers, banks and other financial institutions.

Direct all our state chapters to mobilise other civil society and pressure groups in their states and address individual petitions demanding an immediate and unconditional review to their respective state governments or houses of assembly for transmission to the presidency.

CNG national secretariat is to engage the National Assembly, the Federal Government, and all relevant national and international agencies to force a reversal of these imposed harsh realities.

Put the public on the alert for a possible prolonged nationwide resistance in the likely event of government opting to grandstand.

‘This Increase Is Ill-Timed’: Atiku Condemns Hike In Electricity Tariff

 

 

Former Vice President Atiku Abubakar has faulted the recent increase in electricity tariff in the country, saying it is “ill-timed and ill-advised.”

According to Atiku who was the Peoples Democratic Party (PDP) presidential candidate in the 2019 election, Nigerians are just coming out of the lockdown imposed due to the COVID-19 pandemic and should be given stimulus, not an increase in electricity tariff.

“I reject the increased electricity tariffs. Coming out of the lockdown, Nigerians need a stimulus, not an impetuous disregard for the challenges they face,” he tweeted on his handle on Thursday.

“Many Nigerians have not earned an income for months, due to no fault of theirs. This increase is ill-timed and ill-advised.”

 


On Tuesday, September 1st, 2020, the new electricity tariff approved by the Nigerian Electricity Regulatory Commission (NERC) came into force.

This followed the approval of the implementation of the proposed cost-reflective energy tariff by President Muhammadu Buhari for the Nigerian Electricity Supply Industry (NESI).

According to the new tariff, some residential areas tagged as “poor”  and customers on estimated billing, will not be affected as President Buhari has ordered mass metering of consumers nationwide.

“Under these service-based principles DISCOs will only be able to review tariff rates for customers when they consult with customers, commit to increasing the number of hours of supply per day and quality of service,” the commission noted.

 

 

The new tariff, the NERC said, will be reviewed every quarter and the body had told electricity distribution companies (DisCos) to maintain the life-line tariff of N4 for customers consuming less than 50kWh of energy monthly.

PDP Rejects Increase In Fuel Price, Electricity Tariff

Ekiti PDP Holds Governorship Primary Election
A file photo of PDP’s logo.

 

The Peoples Democratic Party (PDP) has rejected the reported increase in the price of petrol to N151 per litre and electricity tariff to N66 per kwh.

In a statement on Wednesday by its National Publicity Secretary, Kola Ologbondiyan, the party described the increase as callous and cruel, alleging that the All Progressives Congress (APC) was punishing Nigerians.

“The party demands an immediate reversal of the prices to avert a national crisis, as the increase will result in upsurge in costs of goods and services and worsen the biting hardship being faced by Nigerians who are already impoverished and overburdened by APC-imposed high cost of living in the last five years,” the statement claimed.

It added, “Our party asserts that by increasing the price of fuel from the N87 per litre it sold under the PDP to an excruciating N151 while at the same time allowing the hike in electricity tariff from N30.23 per kwh to over N66, the APC has left no one in doubt that its agenda is to inflict pain and hardship on Nigerians to satisfy their selfish interests.”

A file photo of a transformer.

 

The PDP stated that the increase in the price of such essential supplies was unjustifiable, claiming that the APC was attempting to rationalise the excruciating hardship being suffered by the people.

It stressed that it was distressing that the present administration increased the cost of essential commodities at the time the leadership of other countries were offering palliatives to their citizens to cushion the effect of the COVID-19 pandemic.

The party said it was shocking that the reported increase could be approved at a time when many Nigerians were struggling to afford staple foods and other necessities of life.

It, therefore, challenged the APC and the Muhammadu Buhari administration to publish the parameters with which it arrived at the reported increase.

The PDP believes given the prevailing values in the international market, the appropriate price template for domestic pump price in Nigeria ought not to be above N100 per litre.

“Our party further challenges the APC-led Federal Government to publish details of its sleazy and over-bloated oil subsidy regime, including the involvement of APC interests in the claimed under-recovery for unnamed West African countries, running into trillions of naira, while Nigerians are made to bear the burden of high fuel costs,” the party said.

It alleged, “Moreover, the APC and its government have failed to allow an open investigation into allegations of fuel price overcharge, as well as the fraudulent subsidy regime through which over N14 trillion had allegedly been frittered by unscrupulous individuals in the APC.

“Our fear is that the APC is pushing Nigerians to the wall with its obnoxious and anti-people proclivities and we caution that nobody should misinterpret the peaceful and law-abiding nature of Nigerians as a sign of weakness.”

The party called on the National Assembly to save the nation by calling the APC and its administration to order to avoid a crisis in the country.

Reps Panel Directs NERC To Suspend Increase In Electricity Tariff

 

The House of Representatives Committee on Power has asked the Nigerian Electricity Regulatory Commission to suspend the planned increase in electricity tariff.

The committee Chairman, Aliyu Magaji, gave the directive during a meeting with the Minister of Power and the NERC on the rationale behind the increase when the house had already passed a bill which criminalises estimated billing.

NERC had earlier announced that the increase would take effect from the 1st of April.

Meanwhile, the House committee also condemned President Muhammadu Buhari’s directive to transfer the Nigerian Bulk Electricity Trading Company Limited from the Ministry of Power to the Ministry of Finance.

Details later…