The Federal Government has agreed to provide tariff relief of N10.20 per kilowatt-hour for Nigerians and distribute six million meters in the next three months.
A total of six million metres are to be distributed to Nigerians in the next three months by the federal government
This decision formed part of the agreement reached with organized labour on Sunday evening following the negotiations arising from the two-week suspension by labour of the nationwide strike in protest against the recent removal of petroleum subsidy and electricity price increase.
Minister of State for Labour and Employment, Festus Keyamo, in a communiqué issued St the end of the meeting, said the participants agreed to resolve issues affecting the sector in the medium term, and provide immediate succour to customers.
The immediate palliatives the statement noted would not exceed December 31,2020 adding that “Following extensive analysis, it was realised that VAT proceeds from the Nigeria Electricity Supply Industry (NESI) could be used to secure varying levels of relief in customer tariffs across bands A, B and C, ensuring that all customers receive some forms of relief during this difficult time.
Cumulatively, the per kWh relief that will be provided to customers in bands A, B and C is N10.20 per kilowatt-hour (kWh), which will be distributed across the bands. The relief will be in place for the two to three months period required for the Technical Committee to conclude its extended scope of work. It should be noted that bands D and E tariffs were not changed, and this freeze will remain in place.”
It was also disclosed that the National Mass Metering Programme (NMMP) would be accelerated
He said: “This programme will distribute six million meters to Nigerians free of charge. Having secured Central Bank of Nigeria (CBN) funding for this programme, the meters will be immediately distributed to consumers using stockpiles in-country and local assemblers. The cost of meters shall be recovered from the DisCos.
“The six million meters to be procured for the NMMP will only be through local manufacturers and assemblers. This will create jobs, and a new meter manufacturing sub-sector in the country.”
The meeting equally resolved that there woulbe proper pay security for electricity workers.