By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: FG Suspends Hike In Electricity Tariffs Till End Of January
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | FG Suspends Hike In Electricity Tariffs Till End Of January

News

FG Suspends Hike In Electricity Tariffs Till End Of January

Daily Report Nigeria
Daily Report Nigeria
Published: June 13, 2025
Last updated: June 13, 2025
4 Min Read
Share
FG Suspends Hike In Electricity Tariffs Till End Of January | Daily Report Nigeria
SHARE

The Nigerian Electricity Regulatory Commission has been directed by minister of power, Sale Mamman to suspend the planned bi-annual adjustment in electricity tariff until the joint ad-hoc Committee concludes their discussion by the end of January.

NERC had on Monday, issued a circular regarding the planned bi-annual minor review of electricity tariff across all bands between N2 per kWh and N4 per kWh.

The directive was contained in a statement by the Minister of Power, Sale Mamman, on Thursday.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

Read Also: NIN Registrations Suspended as NIMC Staff Embark on Strike

The minister, in the statement, explained that the order is to ensure that a constructive conclusion is reached between the labour unions and the Federal Government.

“The public is aware that FGN and the Labour Centers have been engaged in positive discussions about the electricity sector through a joint ad-hoc committee led by the Minister of State for Labour and Productivity and Co-Chaired by the Minister of State for Power,” Mamman said. “Great progress has been made in these deliberations which are set to be concluded at the end of January 2021.

“Some of the achievements of this deliberation with Labour are the accelerated rollout of the National Mass Metering Plan, clampdowns on estimated billing, improved monitoring of the Service-Based Tariff, and the reduction in tariff rates for bands A to C in October 2020 (that were funded by the creative use of taxes).

“It should be clear to all that the regulator must be allowed to perform its function without undue interference. The role of the Government is not to set tariffs, it is to provide policy guidance and an enabling environment for the regulator to protect consumers and for investors to engage directly with consumers. Bi-Annual Minor reviews to adjust factors such as inflation are part of the process for a sustainable and investable NESI.

“To promote a constructive conclusion of the dialogue with the Labour Centers (through the Joint Ad-Hoc Committee), I have directed NERC to forestall the implementation of the duly performed minor review (which adjusted tariffs between N2 per kWh and N4 per kWh) until the conclusion of the Joint Ad Hoc Committee’s work at the end of January 2021.

“This will allow for the outcome of all resolutions from the Committee to be implemented together.”

“On the contrary, @NigeriaGov continues to fully subsidise 55% of on-grid consumers in bands D and E and maintain the life line tariff for the poor and underprivileged,” Mamman said.

“Those citizens have experienced no changes to tariff rates from what they have paid historically (aside from the recent minor inflation and forex adjustment). Partial subsidies were also applied for bands A, B and C in October 2020. These measures are all aimed at cushioning the effects of the pandemic while providing more targeted interventions for citizens.

“The Administration is committed to creating a sustainable, growing and rules based electricity market for the benefit of all Nigerians.

“The Administration and the Ministry of Power will also continue to devise means to provide support for vulnerable Nigerians while ensuring we have a sustainable NESI.”

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:NigeriansPHCNTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

UAE Slams Fresh Visa Restrictions on Nigerians, Bans Transit Visas | Daily Report Nigeria
UAE Slams Fresh Visa Restrictions on Nigerians, Bans Transit Visas
News
NECO Releases 2025 BECE Results, Sets Date for Re-sit Exams | Daily Report Nigeria
NECO Releases 2025 BECE Results, Sets Date for Re-sit Exams
News
Nigeria's Oil Production Jumps to 1.7m bpd as Tantita Intensifies Fight Against Oil Theft
Tantita Coordinators Commend UPU’s Retraction, Warn Sponsored Blackmailers
News
Ahmed Musa Denies Gifting Cars to Kano Pillars Officials, Players | Daily Report Nigeria
Ahmed Musa Denies Gifting Cars to Kano Pillars Officials, Players
Sports
Donald Trump to Grace FIFA Club World Cup Final on Sunday | Daily Report Nigeria
Donald Trump to Grace FIFA Club World Cup Final on Sunday
Sports

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

BREAKING: Fear as IPOB Reportedly Reinforces Sit-at-Home in Enugu

June 15, 2025
US Rapper, Boosie Badazz Shot In The Leg During Confrontation In Dallas | Daily Report Nigeria
News

US Rapper, Boosie Badazz Shot In The Leg During Confrontation In Dallas

June 15, 2025
Sanwo-Olu Approves 20% Salary Increase for Lagos Workers | Daily Report Nigeria
News

Sanwo-Olu Approves 20% Salary Increase for Lagos Workers

June 15, 2025
Breaking: Ogun House of Assembly Impeaches Deputy Speaker | Daily Report Nigeria
News

Breaking: Ogun House of Assembly Impeaches Deputy Speaker

June 13, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?