NASS halts planned hike in electricity tariffs
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The National Assembly on Monday swam into the discussion on the planned hike in electricity tariffs from July first, 2020, and prevailing with regards to persuading the Distribution Companies to defer the arrangement till the first quarter of 2021.
This was contained in an announcement gave late Tuesday by the Special Adviser to the Senate President on Media and Publicity, Ola Awoniyi.
The announcement read, "The President of the Senate, Ahmad Lawan, the Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila and other chief Officers of the two Chambers met at the National Assembly with the Chief Executives of the government power electricity body and DISCOs across the nation.
"Likewise in participation were the Chairmen of the Committees on Power from the Senate and House of Representatives.
The National Assembly leaders were earnest at the gathering that the planning of the arranged hike wasn't right despite the fact that there is the need to present a cost reflective tariffs for the power segment to attracts the genuinely necessary investment.
"Over the span of the meeting, the DISCOs also conceded that they were not solid and steady for the planned hike in tariffs despite the fact that they so much wanted the increase.
"The meeting agreed to concede the planned hike till first quarter of one year from now while the initiative of the National Assembly vowed to meet with President Muhammadu Buhari on the issue."
Lawan said toward the finish of the meeting that the understanding here is that there won't be any increase in the tariffs on July first.
The Speaker and I are going to make proper move and meet with the President, he said.
He also said, we are in agreement here that there is no doubt on the justification of the increase yet the time is just wrong and suitable estimates should be set up
Lawan told the executive officers that the first quarter of one year from now, our task will be cooperate with you to guarantee that we set up those squares to help the possible increment in tariffs.