Tag Archives: ELECTRICITY TARIFF

Court Annuls 45% Electricity Tariff Hike, Says NERC Acted Irresponsibly

  As the House of Representatives yesterday urged the federal government to halts any plans to increase electricity tariff by 100 per cent in the country,a Federal High Court sitting in Lagos yesterday, also annulled the increment of electricity tariff recently announced by the Nigerian Electricity Regulatory Commission (NERC). Trial Judge, Justice Mohammed Idris in…

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Vice President Osinbajo Explains Reasons Behind Hike In Electricity Tariff

  The Vice President, Prof. Yemi Osinbajo has explained the reasons behind the increase in electricity tariff. Vanguard reports that he Vice President, in a key note address during the maiden edition of the National Forum on the economy organized by The Nation Newspaper yesterday, said shortage in gas supply as well as drop in power…

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Halt Power Tariff Increase – Senate To NERC

  The Senate yesterday ordered the Nigerian Electricity Regulatory Commission (NERC) to halt the 45 per cent proposed increase in tariff. The upper legislative chamber gave the directive at its resumption of plenary after a two-week suspension to enable them to consider the 2016 budget proposals of Ministries, Departments and Agencies (MDAs). Adopting a two-prayer…

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NERC Maintains Stance On Electricity Tariff Increase, To Implement February 1

The Nigerian Electricity Regulatory Commission (NERC) has gone against the advice of the House of Representatives by insisting that the new electricity tariffs will come into effect from February 1, 2016. It also announced that the power distribution companies had one year from now to provide meters for all their customers and stop issuing estimated…

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NLC Rejects Introduction Of New Electricity Tariff, Toll Gate, Fuel Subsidy Removal

 Comrade Ayuba Wabba  The National Working Committee of the Nigeria Labour Congress (NLC) has reaffirmed its opposition to the removal of the fuel subsidy in the country. President of the NLC, Mr.Ayuba Wabba, who read the communique of an emergency meeting of the NWC in Abuja yesterday, said that the congress also rejected the new…

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FG Warns Of Impending Increase In Electricity Tarrif

Minister of Power, Babatunde Fashola      Minister of Power, Works and Housing Mr.Babatunde Fashola, has said Nigerians should expect an increase in electricity tariff in the nearest future. He also noted the Ministry of Petroleum’s interest in building certain critical pipelines to transport gas to the power plants that will add another 2,000 mega…

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