"> No Increase in Electricity Tarrif- Presidency - Sahel Standard
January 29, 2022
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No Increase in Electricity Tarrif- Presidency

Presidential Adviser on Power Sector, Ahmad Zakari has faulted report that the Federal Government has again increased electricity tariff in the country.

In a response to Daily Trust report today, Zakari described the report as inaccurate and irresponsible.

Daily Trust had reported that the Nigerian Electricity Regulatory Commission, NERC, has approved over 50 per cent hike in electricity tariff payable by customers of the 11 Distribution Companies, DisCos.

The paper reported that according to a revised Multi Year Tariff Order (MYTO) signed by the new Chairman of NERC, Engr. Sanusi Garba, on December 30, 2020, and sighted Tuesday, the new tariff increase took effect on January 1, 2021, and supersedes the previous Order NERC/2028/2020.

“In the new Order NERC/225/2020, the commission said it considered the 14.9% inflation rate rise in November 2020, foreign exchange of N379.4/$1 as of December 29, 2020, available generation capacity, US inflation rate of 1.22% and the Capital Expenditure (CAPEX) of the power firms to raise the tariff”, the paper had reported.

Ahmad Zakari in his tweet response noted as follows: “⁦@daily_trust⁩ this is irresponsible reporting. Bands D&E remain frozen,A, B and C remain as is.Changes to Inflation and FX that is flat are process. You claimed a 50% increase,please retract and clarify your statement.

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