No electricity tariff increase – Power Minister

At the backdrop of rumors of possible hike in tariff, the Minister of Power, Engr. Sale Mamman, has indicated that the ministry is focusing on increased efficiency and not tariff.

In a statement made available to Financial Vanguard last weekend, Mamman said, ‘‘instead of significant hike in tariff, Nigerians should expect an increase efficiency in the sector to reduce tariffs while managing headwinds from foreign exchange and inflation.’’

Mamman explained that the order issued by the Nigerian Regulatory Commission, NERC, on the 26th of April 2021 titled “Notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies” was a routine procedure.

 

 

Related posts