NIGERIANS TO PAY HIGHER ELECTRICITY TARIFF IN JULY - MINISTER OF POWER
Nigeria's Minister of Power, Sale Mamman, have said Nigerians are expected to pay higher electricity tariff from July 2020.
He made this known in his presentation at an investigative public hearing on: “Power Sector Recovery Plan and the Impact of COVID-19 Pandemic” organized by the Senate Committee on Power, in Abuja.
Mamman revealed that the increase would have taken effect in April 2020 but was postponed till July 2020 due to the ongoing COVID-19 pandemic.
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The Minister said the impact of the COVID-19 pandemic has also affected laid out plans 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 3 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," Mamman said.
He added that the power sector is also faced with the challenge of infrastructural misalignment, market inefficiency/transparency, sector governance/policy coordination, increase energy access and completion of legacy projects.
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