IT News Nigeria:
Federal government under the leadership of President Muhammadu Buhari has announced that Nigerians will pay more for electricity from July 2020 without stating exact amount.
The Minister of Power, Sale Mamman, said this according to The Punch on Tuesday at the Investigative Public Hearing on Power Sector Recovery Plan and the impact of COVID-19 pandemic organised by the Senate Committee on Power.
Mamman is quoted as saying that COVID-19 pandemic had affected the laid out plan for the repositioning of the electricity market towards financial sustainability under the Power Sector Recovery Programme, adding that the regulator, following the completion of public consultation on tariff review, has initially planned to conduct a tariff review in April 2020.
Due to the COVID-19 outbreak and customer apathy, the proposed tariff review was delayed by three months, he added..
According to him: “The impact of this means the subsidy being incurred in maintaining the current tariff level had to be maintained till July 2020 when the proposed tariff review will be implemented.
“The challenge we are currently facing in the development and expansion of our transmission line is budget and release of Federal Government’s commitment in the estimated sum of N32bn primarily for right of way acquisition and environmental impact mitigation.”
“The fund should be provided for in the 2020, 2021, and 2022 Appropriation of the Ministry of Power.”