Festus Keyamo, the Minister of State for Labour and Employment, has said that there has been no increase in electricity tariffs after an adjustment by the Nigerian Electricity Regulatory Commission (NERC) was made known.
In an interview, the Minister explained that what happened was the adjustment of certain bands to ensure that certain persons who were to be on some bands, are not wrongly put on some other bands.
“What we agreed to do was to freeze certain bands (we have band A,B,C,D). In the interim, what we did was to adjust certain bands and to ensure that certain persons who were supposed to be on some bands, are not wrongly put on some other bands but there has not been any increase in tariffs,” he said.
Meanwhile, NERC released a statement on Tuesday admitting that the rates for service bands A, B, C, D, and E have been “adjusted” by N2 to N4 per kilowatt-hour (KWH) to reflect the partial impact of inflation & movement in forex.
According to the agency, the adjustment is in compliance with the provisions of the Electric Power Sector Reform (ESPR) Act and Nigeria’s tariff methodology for biannual minor review.
Minister Keyamo who is also the chairman of the sub-committee instructed to go round the country to interact with stakeholders and the discos to find a cost-effective tariff that Nigerians can pay, has insisted that there has been no increase in tariff.
“We are still in the process of carrying out our assignment, we have not finished and when I saw the story this morning, I consulted members of the team and they said it is not correct. There has been no increase in tariff,” he said on Tuesday.
The Trade Union Congress of Nigeria, yesterday, said it is disappointed by the recent hike in electricity tariffs approved by the Nigerian Electricity Regulatory Commission.
According to a statement signed by TUC President, Comrade Quadri A. Olaleye, the hike was effected despite negotiations still ongoing with organised labour over the last increase that became effective from November 1.