The Presidential candidate of the Young Peoples Party (YPP) in the 2019 general elections, Kingsley Moghalu, has thrown his weight behind the review of the electricity tariffs in the country.

The Distribution Companies (DisCos) in Nigeria since Tuesday have been informing their customers about an upward review of electricity tariff, but President Muhammadu Buhari has insisted that any review must be based on improved service while poor and vulnerable Nigerians should not pay more in all cases. The President has also ordered mass metering in the country and directed an end of estimated billing.

The Nigerian Electricity Regulatory Commission (NERC) in an official statement last week said “Following consultations and directions on tariff policy, the Commission (NERC) hereby approves a deferment of the applicable tariffs for customers in service band D and E (that is customers with a service commitment of less than an average of 12 hours supply per day over a period of one month) for the period 1st September 2020 to 1st January 2021.”

Speaking during a live programme on Channels TV, Politics today, anchored by Seun Okinbaloye, Moghalu said that the hike in electricity “has been a long time problem for Nigeria and it is understandable why there will be a hike in price of electricity prices.

“The estimated cost of electricity in Nigeria is 53 naira per Kilowatt hour and what Nigerians have been paying is 31 naira per kilowatt hour, which means, there is a subsidy of about 22 naira.”

He lamented that the subsidy has cost the federal government of Nigeria this year alone about 560 billion Naira which is about 1.5 billion dollars and that is 7 percent of the budget for 2019. Indeed in the last 5 years the FG has paid over 1.5Trn to close the liquidity problem in the power sector.

“The problem with the tariffs and the subsidy on the tariffs is that it prevents the sector which has been privatized from being commercially viable and increasing its capacity or the capacity of private sector operators to be able to provide more electricity to Nigerians,” he noted.

The former CBN deputy Governor, however, regretted that the effects of Covid- 19 and fall in oil prices has weakened the government in a fundamental way from being able to continue providing

subsidies.

https://www.vanguardngr.com/2020/09/moghalu-backs-fg-nerc-on-service-based-electricity-tariff-review/

Every sphere of the country is subsidy whether it is true or not... Avenue for looters to steal money under the guise of nonsense subsidy... very soon government will tell us they are subsidizing the air we breath

Clout
Just dey find relevance

生

They should not have increasedit now that the economy is not strong enough. moghalu sounds like acapitalist, i am glad he didn't win it if not he would have privatise everything. see his face like cashew

Okay

www.nairaland.com/attachments/12263853_8u6frtu6ytr_jpeg4818b55a87c411f7e796766ca0c42f5f

Nice one

Okay

Foolish man

Who be this one. Looking for appointment in this evil government. Thunder fire you there!!

Z

It is well

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Ok o.

Moghalu for president!!!

Nigerians: nooooooo!!!! We don't want progress.


Buhari for president!!!
Nigerians: sai baba inshallah, 4+4 mashallah.

Dem for kukuma make am #162 per kilowatt hour nah. The truth is that every Nigerian is a potential scammer.

Lol
Their headache

If you like front it...we Nigerian reject it ... simple

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Nigerian politicians speaking grammar until they get power

I just pray this man won't be our regular Nigeria politician

NERC explained that where there is a failure to deliver a committed service level over the evaluated period of 60 days, the rates payable by customers should be retroactively adjusted in line with quality of service delivered over the same period of time.

This is what we were searching for in the news, as we have been advocating for a long time now.

We will pay for only what we use.
This is the same way it is done in saner climes.

A better Nigeria is all we want.
A better Nigeria is what we shall get.
Slow and steady we will get there as a nation.

ggirl4real:
Provide the electricity first, Nigerians are willing to pay.

We can't continue paying for darkness.

Stop estimated billings.

Provide pre-paid meters to all households in Nigeria at subsidized rates.

This is a very sensible comment from a true Nigerian.
A lady that wants the best for her country and citizens.
Not like comments of those that hatred for their country has turned them to something else.

We gave you your first like G Girl!

A better Nigeria is all we want.

This is not d time for hike in any product. Government failed to address d issue of distribution of electricity in Nigeria. The output is poor and unavailable in some areas.
Moreover, power should not only be regionalized but The Monopoly of region distributors have to be broken so that customers can switch in between different distributors. If BEDC is not functioning,I can switch to IKEDC. Regional competition will enhance good and customer friendly services.

This government nah wa o. God save una pikin But by the way Sha :


See, when you're broke even the animals in your neighborhood will disrespect you to the core.

Brokolosis is worst than cancer!!

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This government will eventually increase the toilet we poo in . I just bought fuel now at N160. Its a shame. This government is a disaster. Honestly they have nothing to offer. The funny thing is that Nigerians are not protesting or striking . I think everybody is tired. For how Long are we going to continue like this ? I remember what they did in the days of good luck oo. Hypocrites plenty for this country

If increase in tariff will bring about stable supply, then so be it. Anything other stable power supply will not be accepted.

What a man! #CofusedNation