Federal Government on Sunday agreed to provide a tariff relief of 10 naira 20 kobo per kilowatt of electricity for Nigerians for the next three months and also massively distribute free meters to electricity consumers.
This comes after the Federal Government, Nigeria Labour Congress, NLC and Trade Union Congress, TUC, had a resolution at a meeting.
The Minister of State for Labour and Employment, Festus Keyamo made this known in a communique posted on his twitter handle, following the expiration of the 2-week suspension of the increased electricity tariff yesterday.
He said the Federal Government will use VAT proceeds to temporarily subsidize tariffs while the Adhoc committee will work for two more months to resolve other issues regarding tariff adjustments.
According to the Minister, “other immediate reliefs include the provision of six million free meters to Nigerians, salary protection for electricity workers, a mandatory refund for any overbilling during system transition by the discos, monthly publication by NERC of allowed billing of unmetered customers, etc.”Mr. Keyamo added that the Adhoc committee set up by the Federal Government and organised labour last month agreed to adopt a two-phase approach to proffer solutions to resolve issues in the sector on a medium-term basis.
The Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), had in January approved the immediate review of electricity tariffs across the country which electricity increased an increase from 59.7 per cent to 77.6 per cent.
Labour had suspended its planned industrial action after the Federal Government suspended the tariff increase.