Electricity tariff hike for only regular users
Lai Mohammed, the minister of information and culture has said that only customers with a guaranteed minimum of 12 hours of electricity can have their electricity tariffs adjusted.
He said that the recent increase in electricity as approved by the Nigerian Electricity Regulatory Commission (NERC) will be on the basis of guaranteed improvement in service.
He stated during a press briefing on Monday held for the recent increase in the price of fuel and electricity tariff, that the arrangement is to protect the large majority of Nigerians who cannot afford to pay cost-reflective tariffs from arising from the increases.
He said that the government has been supporting the industry due to the problems with the the largely-privatised electricity industry.
“To keep the industry going, the government has so far spent almost N1.7 trillion, especially by way of supplementing tariffs shortfalls.”
Mr. Mohammed said that the government does not have the resources to continue supporting the industry and it will be ” grossly irresponsible” for it to borrow just to subsidise generation and distribution, which are both privatised
“Those who get less than 12 hours supply will experience no increase. This is the largest group of customers,” he said.
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