Electricity tariff hike: Details of Osinbajo’s meeting with NASS leadership emerge

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Vice President Yemi Osinbajo on Tuesday, at the Presidential Villa, Abuja met with Senate President, Ahmed Lawan and Speaker, House of Representatives, Femi Gbajabiamila, over the proposed increase in electricity tariff.

The News Agency of Nigeria (NAN) reports that Osinbajo, heads the Power Sector Reform Coordination Working Group.

The National Assembly had in a statement on Monday, said its leadership had agreed with the DisCos to suspend the planned increase.

Lawan, who spoke with State House correspondents after the meeting, said the increase was untimely as necessary parameters should be on ground before such hike.

“The joint leadership of the National Assembly sat yesterday with the DISCOs and Nigeria Electricity Regulatory Commission (NERC) and we believe that it is not the right time to increase the tariffs in the electricity today.

“Nigerians have a lot of challenges to bear because of COVID 19 pandemic and the situation requires that we should do everything possible to make life easy for our citizens and of course, government is doing a lot in this respect.

“We believe that the DISCOs should continue to engage with their consumers; find better cost-reflective tariffs; but before then, there must some steps to ensure that the consumers are properly metered.

“Otherwise, you are still guessing what consumers are consuming; that is to say, let the billing be very scientifically based; it has to be based on what you actually consume.

“So, we had this discussion with the vice president and we are sure that the announcement of an increase in electricity tariff in Nigeria is untimely.

“We believe that we need to do more work to ensure that before any increase, there must be some measures; some steps and some line of actions that must be exhausted including the metering and this is a welcome idea to the vice president as well.’’

He said that to stablise power supply, the Share Purchase Agreement signed between the Federal Government of Nigeria and the DISCOs at the point of privatisation must be adhered to.

According to him, DISCOs are businesses hence they must do everything possible to provide services.

“ When they provide services, efficient and effective services to consumers, then they can make money; but in the process as a government, we too must ensure that we discharge our obligations in the Shared Purchase Agree signed.

“Once we are able to achieve that, we will have a better situation in the power sector in Nigeria; it is doable; it has happened elsewhere.

“So, we cannot continue to give DISCOs and GENCOs the resources that we will ordinarily deploy in building schools and hospitals but whatever is necessary for us to do as part of our agreement with them, we must do.’’

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518 Comments

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  • Israel Jaja July 1, 2020 12:00:19 AM
    They should try to make life easier o
  • Blossom Adelabu June 30, 2020 11:59:37 PM
    This is a welcome development, there is no need for electricity hike now
  • Obanijesu Sunday June 30, 2020 11:59:36 PM
    Thanks for this information candynews
  • Sagama Santos June 30, 2020 11:58:42 PM
    Are we going to be having more light than before
  • Sagama Santos June 30, 2020 11:58:24 PM
    The National Assembly had in a statement on Monday, said its leadership had agreed with the DisCos to suspend the planned increase.
  • Afolashade Akinhanmi June 30, 2020 11:53:30 PM
    Are we going to be having more light than before
  • Vivian Chidi June 30, 2020 11:52:49 PM
    They have just taken a very bold step
  • Perela Emmanuel June 30, 2020 11:52:16 PM
    Kudos to our vice president for making it clear to them
  • Confidence Aforji June 30, 2020 11:51:40 PM
    The National Assembly had in a statement on Monday, said its leadership had agreed with the DisCos to suspend the planned increase.
  • EMIATOR EZEKIEL June 30, 2020 11:50:35 PM
    Thanks to our vice president for making it clear to them, that the welfare of the ciyezen is of utmost priority.
  • Abbas Mahmud June 30, 2020 11:50:23 PM
    Big Thanks to the vice president for making it clear to them,
  • Elizabeth Ferdinand June 30, 2020 11:50:20 PM
    DISCOs are businesses hence they must do everything possible to provide services.
  • Agwa Victor June 30, 2020 11:49:30 PM
    Thanks for the information @candynews
  • Blessing Uduaga June 30, 2020 11:48:18 PM
    Thanks for the information candy news we appreciate your efforts
  • Moses Emmanuel June 30, 2020 11:47:53 PM
    Thanks to our vice president for making it clear to them, that the welfare of the ciyezen is of utmost priority.
  • Umezuruike Chidinma June 30, 2020 11:46:05 PM
    Good opinion from the vice president
  • ATEJIOYE BABATUNDE DAVID June 30, 2020 11:44:46 PM
    Strict compliance with government regulations is still part of showing love to our neijghbours
  • Bank Earnest June 30, 2020 11:44:00 PM
    Welcome developement Mr Vice President
  • Sunday Gabriel June 30, 2020 11:43:51 PM
    Thanks to our vice president for making it clear to them, that the welfare of the ciyezen is of utmost priority.
  • Maxwell Ezekiel June 30, 2020 11:42:51 PM
    Nice from vice president for making it clear that they need to do what will be beneficial to his citizens... He said that, they shouldn't increase any tariff now as the country is going through pandemic
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