No Plan To Significantly Raise Electricity Tarrifs – FG
The Federal Minister of Power, Sale Mamman on Friday said there is no plan to significantly raise electricity tariffs across the country.
Rather, the Minister said in a statement shared on his official Twitter handle, Nigerians should expect an increase in the power sector’s efficiency.
The Minister’s comments come after the Nigerian Electricity Regulatory Commission said it was ready to conclude the “Extraordinary Tariff Review process” for the country’s 11 electricity distribution companies.
In a notice posted to its website on Monday, the Commission expressed its readiness to commence the processes for a minor review of the tariff in July, based on “changes in inflation, foreign exchange, gas prices, and available generation capacity” among other factors.
The Power Minister stressed that the Federal Government is committed to “increasing supplied energy to the grid through rapid expansion of infrastructure through the various facilities for the sector either to the DISCOS under strict terms or to the Transmission Company of Nigeria.”
He added that the Buhari administration will ensure to eliminate the metering gap currently ailing the nation’s power sector.
By some estimates, Nigeria needs more than six million meters to close the gap.
But Mr Mamman said “the National Mass Metering Program is on course to reduce losses.