Business Hilights

Tracking Nigeria's Headline Business News Online

Tony Attah

We don’t have plans to hike electricity tariff—-Discos

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Though forex assess and other indices are not encouraging. We the members the Association of Nigerian Electricity Distributors (ANED) have no plan to increase the current tariff being paid by consumers.

Executive Director, Research and Advocacy of the group, Mr. Sunday Oduntan, gave the insight yesterday in Lagos saying “the Distribution Companies had not submitted any proposal to the Nigerian Electricity Regulatory Commission on tariff increase and the practice is a standard”.

 “It is not true that we want to increase the tariff by 200 per cent because we do not have any right to do so.

“When you talk about tariff review or increase, it is the responsibility of a regulator and that work belongs to NERC.

 “We should understand how the system works because it is the work of the regulator to decide whether there should be tariff review and not DISCOs.”

While seeking the relief of the National Assembly to reconsider the stoppage of the bond provided by government in order to address the liquidity challenge facing the power sector, oduntan said “We are not asking for subsidy but that government should step in and provide a bond”.


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