• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, August 9, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Is Nigeria implementing another hike in electricity tariff?

The Matters Press by The Matters Press
May 1, 2021
Reading Time: 2 mins read
0
South Africa in load shedding to manage dip in power

Electricity

Electricity

As Nigerians groan under heavy power tariff, fears for another hike in electricity tariff, is in the air but the Minister of Power, Mr Sale Mamman, has dismissed rumours of a major hike in tariff.

RELATED POSTS

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

According to him, there is no plan to significantly raise tariff.

This clarification was made known in a statement issued by the minister in Abuja on Friday,

Mamman said that instead of significant hike in electricity tariff, Nigerians should expect an increase efficiency in the sector to reduce tariffs.

” While managing headwinds from foreign exchange and inflation.

“The clarification came amidst reports of possible major increase in the price of electricity that has dominated the public space,” he said.

Mamman explained that the order issued by NERC on April 26 titled “Notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies” was a routine procedure.

He said the review planned by NERC is in accordance with Section 76 of the Electric Power Sector Reform Act of 2005.

According to him, “the tariff for customers on service bands D & E (customers being served less than an average of 12hrs of supply per day over a period of one month) remains subsidized in line with the policy direction of the Federal Government”.

The minister said Section 76 of the Electric Power Sector Reform Act of 2005 provides clear guidelines for the periodic review of tariff (based on market data and submissions from licensees).

” The guidelines include the provision that the commission shall give notice of activities related to tariff “in the Official Gazette, and in one or more newspapers”.

“The Multi-Year Tariff Order (MYTO) per NERCs regulation obtains inputs from operators in the market every six months to perform minor reviews and a major review is required every 5 years.

“Thus, as at January a minor review will occur in June.

” Given the timing for the extraordinary review has also elapsed, a review will occur for consideration in January 2021″ he said.

Mamman said the Buhari administration remained faithful to the adopted resolutions from the Joint FGN-NLC/TUC Technical Committee on electricity tariffs which made recommendation for “NERC to conduct an extraordinary review of the MYTO.

” To further review factors and align them with current evolving realities.”

“The reason this recommendation was posited by the committee was to ensure that efficiencies could be derived from an extraordinary review to further reduce tariff.

He said government was committed to increasing supplied energy to the grid through rapid expansion of infrastructure through the various facilities for the sector.

The minister said that the increase would be either to the DISCOS under strict terms or to the Transmission Company of Nigeria.

“Furthermore, the National Mass Metering Programne is on course to reduce losses.
“To date more than 500 thousand meters have been delivered to DISCOs in phase 0 of the programme in five months

“This exceeds the progress done for the entire Metre Assert Programme (MAP) scheme.

“We will eliminate the metering gap during the life of the administration,” he said.

Mamman said that the administration was not unaware of the challenges that Nigerians face.

He said that this was why government has continued to subsidise the band D and E.consumers to pre-September 2020 rates (55% of grid connected customers).

Tags: Electricity
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Next Post
Old pension scheme beneficiaries get a boost in entitlements

Old pension scheme beneficiaries get a boost in entitlements

Buhari approves probe of NPA, suspends MD

Buhari approves probe of NPA, suspends MD

Recommended Stories

Dividing Nigeria with religion is evil – Buhari

Minimum wage: Governors, President to meet

December 14, 2018
Zungeru Hydropower project to engage skilled professionals

Nigeria approves $3bn hydropower plan in Makurdi

November 15, 2022
Sukuk peaks, more profitable in Nigeria despite opposition

FG approves Infrastructure Support Fund for states

July 21, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎
  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us