Reps stop NERC’s plan to increase electricity tariff
Category: Nigerian National News
THE House of Representatives has ordered the Nigeria Electricity
Regulatory Commission (NERC) to put on hold its plan to increase
electricity tariff until the conclusion of the House’s investigation
into operations of key players in the sector.
Its ad-hoc committee investigating the activities of Electricity
Distribution Companies (DISCOs) in Nigeria on infrastructure and billing
in a letter dated December 15th and addressed to NERC reminding the
Commission of previous communications through which it was agreed that
further actions on the planned increase of electricity tariff be
suspended.
The letter signed by Chairman of the committee, Hon. Babajimi Benson
reads; “In paragraph 3 (three) of our letter dated 29th October, 2015
under the same subject heading, we requested you to suspend the
implementation of any increase in electricity tariff until the committee
concludes its investigations.”
“Further recall that at the joint investigative hearing with the
Committee on Power, it was agreed that any tariff increase should be
suspended until all stakeholders are carried along.
“Our attention has been drawn to various news items published in many
newspapers of yesterday (Tuesday) 13 December, 2015 to the effect that
your commission has concluded plans to announce the new electricity
tariff to Nigerians this week.
“It is our opinion that any plan by your commission to announce new
electricity tariff will run contrary to the spirit of the letter under
reference and undermines the outcome of the investigative hearing by
this Committee as it relates to infrastructure and billing by
Electricity Distribution Companies.”
The committee further stated that “consequently, we hereby once
again, DEMAND that you suspend the announcement and, or implementation
of any increase in electricity tariff until above stated issues are
concluded,” recalling that at the investigative hearing, it made an
order that the Commission forward the list of Ministries, Department and
Agencies (MDAs) indebted to the DISCOs.
Meanwhile, the House of Representatives has urged the Central Bank of
Nigeria (CBN) to declare, without delay, the particulars of the
accounts in which foreign reserve of the federation are held and any
interest accruable to the foreign reserve accounts held on behalf of the
federation in the last four years and thereafter periodically.
This came as the House, which yesterday picked holes in the
management of the nation’s foreign reserve accounts by the apex bank,
expressed concern over the interest accruing to the funds in the foreign
reserve accounts.
Guardian
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