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Nigeria Suspends Hike in Electricity Tariff for 14 Days1 minute read

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Nigeria has suspended the implementation of a new electricity tariff that came into effect on September 1 for two weeks.

The Nigerian Electricity Regulatory Commission – NERC – ordered the 11 Electricity Distribution Companies (DISCOs) to suspend tariff increase.

The commission’s suspension order of the Multi Year Tariff Order (MYTO) 2020 signed by Prof James Momoh, NERC Chairman was published on its website on Wednesday.

The tariff hike pause follows a joint communique issued by the Federal Government and the labour unions.

The Federal Government agreed that the recent review in electricity tariffs would be suspended by the commission for a period of 14 days to further consultations and finalisation of negotiations between the parties.

The order by NERC reads that from September 28 to October 11 the DisCos must revert all charges to the tariff existing as of Aug 31.

This means that for the next two weeks, electricity consumers having power above 12 hours who were affected by the over 100 per cent tariff hike would revert to their old charges.

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Mtwalo Msoni on South Africa’s Budget

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NC REPORTS | Muktar Muhammed on Ngozi Okonjo Iweala

Nigeria’s Ngozi Okonjo-Iweala is on track to become the first female DG of the World Trade Organisation. An investment analyst, Muktar Muhammad highlights the road ahead of her

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Africa in 60 – 28th October 2020

In case you missed it, here are the stories across Africa that made the headlines on Wednesday October 28th, 2020, all in one minute.

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