Consumers to pay more for Electricity starting from july, minister for power

Consumers to pay more for Electricity starting from july, minister for power

Engineer Sale Mamman, Nigeria’s minister of power, says the new increment on electricity tariff will take off in July. Mamman disclosed this on Tuesday, June 16 when he appeared before the Senate committee on power. He said the government is going ahead with the plan because the impact of the COVID-19 pandemic had also affected

Engineer Sale Mamman, Nigeria’s minister of power, says the new increment on electricity tariff will take off in July.

Mamman disclosed this on Tuesday, June 16 when he appeared before the Senate committee on power.

He said the government is going ahead with the plan because the impact of the COVID-19 pandemic had also affected its plans for the repositioning of the electricity market toward financial sustainability.

He revealed that the Nigerian Electricity Regulatory Commission (NERC) had initially planned to conduct a tariff review in April 2020.

Following Buhari approved funding for Siemens power deal Engr Mamman insists government will go ahead with the new tariff policy for an improved electricity supply

“Indeed, the prevalence of the pandemic has already reduced productivity due to the strategy adopted globally to contain it.

“This by default affects the purchasing power of consumers and the demand for electricity in general.

“The current situation in the Nigerian power sector is that a lot of capital investment is being made, most of which is dependent on
donor funding, loans and budgetary allocation.

“For projects that we have already secured their funding, we do not expect any adverse effect,” he told the lawmakers.

He, however, said his ministry was proactively seeking strategies to identify projects that would require counterpart funding in the face of dwindling national revenue so as to deliver within the projected timelines.

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