Nigerians To Pay More For Electricity In July – Minister Of Power, Sale Mamman Insists

The Minister of Power, Sale Mamman has insisted that Nigerians can pay higher electricity tariff from July this year.
Sale Mamman made this known in his presentation at an investigative public hearing on: “Power Sector Recovery Planand therefore the Impact of COVID-19 Pandemic” organized by the Senate Committee on Power, in Abuja.
According to the Minister,the rise in electricity tariff was alleged to happen in April 2020, but was postponed to July thanks to the COVID-19 pandemic. He said;
“The impact of the COVID-19 pandemic has also affected our laid out plan for the repositioning of the electricity market towards financial sustainability underthe facility Sector Recovery Programme (PSRP).
“Initially, the regulator, following the completion of public consultation on tariff review, planned on conducting a tariff review in April 2020.
“However,thanks to COVID-19 and customer apathy, the proposed tariff review was delayed by 3 months.
“The impact ofthis suggests the subsidy being incurred in maintaining the present tariff level had to be maintained till July 2020 when the proposed tariff review are going to be implemented.”
He noted that the challenge the nation’s power sector is currently facingwithin the development and expansion of the nation’s cable is to “budget and release FG’s commitment of an estimated sum of N32billion, primarily for Right of Way acquisition and environmental impact mitigation.
“The fund should be provided forwithin the 2020, 2021, and 2022 Appropriation of the Ministry of Power.”
He added thatthe facility sector is additionally grappling with the challenge of infrastructural misalignment, market inefficiency/transparency, sector governance/policy coordination, increase energy access and completion of legacy projects.
Mamman went on to lament that the COVID-19 pandemic, has hadan excellent economic impact not just on the health sector, but the general economy of the country.
Sale Mamman made this known in his presentation at an investigative public hearing on: “Power Sector Recovery Plan
According to the Minister,
“The impact of the COVID-19 pandemic has also affected our laid out plan for the repositioning of the electricity market towards financial sustainability under
“Initially, the regulator, following the completion of public consultation on tariff review, planned on conducting a tariff review in April 2020.
“However,
“The impact of
He noted that the challenge the nation’s power sector is currently facing
“The fund should be provided for
He added that
Mamman went on to lament that the COVID-19 pandemic, has had
No comments:
Post a Comment