National assembly seek downward review of electricity tariff

The House of Representatives has decried the rising electricity tariff in the country. The lawmakers said the increases were not justified considering the commitment of N213billion to the operators that has failed to boost supply to Nigerians.

In addition, the lawmakers said the increments were not in tandem with the economic realities of the country with Nigerians being confronted with several economic hardships.

As a result, the House has mandated an ad hoc Commitee to interface with the National Electricity Regulatory Commission (NERC) and other stakeholders to critically evaluate the Multi Year Tariff Order (MYTO) system and re-assess all its inputs and assumptions in order to come up with a realistic tariff regime.

THE NATION

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