The planned hike of electricity tariff in the country will now have to wait till the first quarter of 2021.
This is the consensus reached in a meeting convened by National Assembly leadership, the electricity regulatory and transmission bodies in the country.
The meeting had in attendance the Senate President, Ahmed Lawan, Speaker of House of Representatives, Femi Gbajabiamila, representatives of NERC and DisCos and other principal officers of the National Assembly.
It was concluded that, though it is justified to introduce tariff that will be reflective of the cost of transmitting electricity to Nigerians, implementing such hike at this time will pile more hardship on the masses at a time the economy has been badly hit by COVID-19.
Speaking after the meeting, Senator Lawan said;,”the agreement here is that there is not going to be any increase in the tariffs on July 1st.
“The Speaker and I, we are going to take appropriate action and meet with the President.
“We are in agreement here that there is no question on the justification of the increase but the time is simply not right and appropriate measures need to be put in place
“So between now and the first quarter of next year, our task will be to work together with you to ensure that we put those blocks in place to support the eventual increase in tariffs,” he said.