Nigerians To Pay More For Electricity From July – FG

 Nigerians To Pay More For Electricity From July – FG

3D Electric power lines over sunrise

The Minister of Power, Sale Mamman, disclosed on Tuesday that Nigerians are expected to pay higher electricity tariff from July.

The Minister made the disclosure during his presentation at an investigative public hearing on: “Power Sector Recovery Plan and the Impact of Covid-19 Pandemic” organised by the Senate Committee on Power, in Abuja.

 According to the Minister of Power, the increase was supposed to have been effected from April this year but it was post-poned to July in view of the coronavirus pandemic.

Mamman said: “The impact of the COVID-19 pandemic has also affected our laid out plan for the repositioning of the electricity market towards financial sustainability under the Power Sector Recovery Programme (PSRP).”

“Initially, the regulator, following the completion of public consultation on tariff review, planned on conducting a tariff review in April 2020.”

“However, due to COVID-19 and customer apathy, the proposed tariff review was delayed by three months.”

“The impact of this means the subsidy being incurred in maintaining the current tariff level had to be maintained till July 2020 when the proposed tariff review will be implemented.”

He explained that the government is focused on addressing the various challenges that the sector is currently grappling with in terms of infrastructural misalignment, market inefficiency/transparency, sector governance/policy coordination, increase energy access and completion of legacy projects.

He said: “Note that the teething issues as well as the legacy issues affecting the power sector is primarily an issue of infrastructural deficit and lack of coordination in the sector.

“We believe solving two challenges alone, would not only redress these challenges, but will also unlock the Sector for investment, efficiency and service delivery, bringing affordable and stable power to the nation.

“It is thus fortuitous that President Muhammadu Buhari has championed the Siemens Electrification Plan under the Presidential Power Initiative, as the central theme of the Government’s strategy in the sector.

The Minister of Power further called on all stakeholders to cooperate with the government in bring a lasting solution to power sector.

“I believe that all efforts rendered by the many relevant stakeholders within the stakeholders should be aligned with the PPI for maximum effectiveness in implementation. It is really our only choice to once and for all resolve the longstanding issue of the power sector,” he said.

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