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Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More - Politics - Nairaland

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Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by Islie: 4:58pm On Aug 26, 2020
President Muhammadu Buhari, on Tuesday, approved the implementation of the proposed cost-reflective electricity tariff for the Nigerian Electricity Supply Industry (NESI).

However, residential areas classified as “poor” will not be affected by the increase in tariff, TheCable understands.

Also, Buhari has approved a one-year waiver of 35 per cent import tax for prepaid meters.

In January, the Nigerian Electricity Regulatory Commission (NERC) had announced that there would be an upward review of electricity tariffs across the country from April 1.

However, it directed electricity distribution companies (DisCos) to suspend the proposed tariff increase in March as a result of the COVID-19 pandemic.

In June, the national assembly had persuaded the DisCos to defer the plan till the first quarter of 2021 because of the pandemic on energy consumers.

Senate President Ahmad Lawan had maintained that consumers should be properly metered before the tariff hike is implemented.

With the approval of the president, the new tariff regime is expected to kick off on September 1 and to be reviewed quarterly.

This is said to be a requirement for the approval of a proposed $1.5 billion World Bank loan for the power sector.

According to the new tariff via a NERC order dated December 31, 2019, Abuja Electricity Distribution Company (AEDC) residential customers R3 that were paying N27.20 per unit will now pay N47.09 and N63.42 by next year.

For the Ikeja Electricity Distribution Company (IKEDC) customers, the R3 category paying N26.50 per unit will now pay N36.49 per unit and later N58.

Meanwhile, Buhari approved a one-year waiver of 35 per cent import tax on prepaid meters to facilitate increased provision to consumers for accurate billing.

The approval was as a result of the request by Zainab Ahmed, minister of finance, to fast-track the deployment of prepaid meters under the meter asset providers (MAP) scheme.

In a statement, Yunusa Abdullahi, special adviser to the minister on media and communications, said the application of the levy on imported meters has created a significant challenge to the smooth implementation of MAP scheme.

“The 35 per cent levy was imposed on the recommendation of the Federal Ministry of Industry, Trade and Investment, to encourage local production, as well as protect investments in the local assembly of electricity meters,” Abdullahi said.

“An important feature of the MAP regulation is a gradual up scaling of the patronage of local manufacturers of electricity meters with an initial minimum local content of 30 percent with the potential of significant job creation in the area of meter assembly, installation and maintenance.

“Even though the 35 percent was in existence since 2015, the MAP regulations by NERC in 2018 to bridge current electricity metering gap did not factor the 35 percent levy in arriving at the regulated cost of electricity meters to end-users (consumers).

“This is to immediately bridge the gap between the demand for electricity meters and local supply. It is also envisaged that this will provide protection for local electricity meter manufacturers and the opportunity to ramp local capacity in the production of meters.”

THE CABLE

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Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by baliyubla: 5:00pm On Aug 26, 2020
Even as a strong critic of the dullard, will commend him on this, if it’s fully enforced. There was just no sense in expecting an Ikoyi boy to pay same tariffs with a Mushin boy.

Will further advise that luxury items should also be taxed heavily.

127 Likes 12 Shares

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by SmartProf(m): 5:00pm On Aug 26, 2020
From the post, the basis for classification appears to be based on residential areas being categorised as rich or poor smiley. Meanwhile in some cases, rich people build or live amongst people in poor residential areas and vice versa. How will that be sorted?

329 Likes 26 Shares

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by helinues: 5:02pm On Aug 26, 2020
angry

1 Like 2 Shares

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by ojun50(m): 5:05pm On Aug 26, 2020
Story

9 Likes 2 Shares

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by GamalNasser: 5:07pm On Aug 26, 2020
baliyubla:
Even as a strong critic of the dullard, will commend him on this, if it’s fully enforced. There was just no sense in expecting an Ikoyi boy to pay same tariffs with a Mushin boy.

Will further advise that luxury items should also be tasked heavily.

Why will you commend this when the earning power of Nigerians is at its lowest ever ..

The issue between the rich areas and the poor areas shouldn't even come up because Naturally the rich spend more on Electricity because the naturally consume far more per hour than the poor can even consume in week and so this makes up for any disparity ... We should be careful about making succeess look like evil and stop all this pitching the poor against the rich because of politics ...can the poor pay the amount tax the rich pays ? Can the poor contribute to society like the rich does ?

And lets not forget most Nigerians highbrow areas are also filled with average and poor people .... Besides what criteria is even used to Judge this ... the only factor that should be used is metering and it's already done ..those with 3 phase meters pay more for both the meter and electricity than those with single phase

226 Likes 15 Shares

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by ogododo: 5:07pm On Aug 26, 2020
Islie:





THE CABLE


Lalasticlala

The beginning of revolution, dem wan kill us for Warri Bedc no de try

5 Likes

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by obonujoker(m): 5:08pm On Aug 26, 2020
The world is getting tighter with every Agency and government stifling citizens.... All of them making ready the way of the Antichrist, who would be destroyed anyways with the appearing of the Lord Jesus Christ when he comes to rapture his Saints...

Famines, hunger, etc everywhere

26 Likes 1 Share

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by SmartProf(m): 5:10pm On Aug 26, 2020
baliyubla:
Even as a strong critic of the dullard, will commend him on this, if it’s fully enforced. There was just no sense in expecting an Ikoyi boy to pay same tariffs with a Mushin boy.

Will further advise that luxury items should also be tasked heavily.
What if the Ikoyi boy also has a house in Mushin? So his Mushin house electricity bills, despite being a castle will be charged low?

23 Likes 4 Shares

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by Nuells: 5:17pm On Aug 26, 2020
I don't understand this as my July bill came at R2 30.5 percent by EEDC at almost ten thousand naira (10000k) per flat, as against one thousand eight hundred naira (#1,800) directed by NERC for R2 unmetred buildings

And how can govt or EEDC determine areas allegedly lived by poor people and low income earners....so if ikoyi for example, is lived by rich men, does that mean poor ppl who hails from ikoyi will foot same bills with the rich amongst them.....how will the poor put up in such billings and how will lKEDC differentiate the bills of the poor from the rich in same environment

34 Likes 1 Share

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by FullnessofJoy: 5:26pm On Aug 26, 2020
Who will agree to be a rich Nigerian?

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Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by chily11: 5:40pm On Aug 26, 2020
Thanks Baba... I know people will still be calm because it's "Rich Nigerians" forgetting that it'll still affect them.

The hardship brought upon Nigerians are sponsored by Nigerians - Chily 2020

43 Likes 3 Shares

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by bigstan11787(m): 5:40pm On Aug 26, 2020
Bubu has come with another level again...

3 Likes

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by WandaMaximoff: 5:40pm On Aug 26, 2020
The same formular they used to fish out the poorest of the poor abi?

All that BVN nonsense was for nothing. We no dey use am for wetin we spos use am for.

15 Likes 2 Shares

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by PureGoldh(m): 5:40pm On Aug 26, 2020
issoryt....Dx world no just balance

If you need Pure Original Honey.. don't hesitate to contact O81 O1 66 67 71 let's talk about it....stay blessed and safe Fam... happy Wednesday to una

1 Like

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by MADRINAkay(f): 5:40pm On Aug 26, 2020
Ok
Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by Baybii: 5:40pm On Aug 26, 2020
I really hope this will have a good impact on the amount of hours we have electricity. I'm very very tired of sleeping in darkness, of doing anything in darkness in this country.

6 Likes 1 Share

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by SaintLucia: 5:40pm On Aug 26, 2020
This is the real SHORT FUSE grin
Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by sandland: 5:41pm On Aug 26, 2020
Ok
Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by Uyi168(m): 5:41pm On Aug 26, 2020
..
Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by Yankee101: 5:41pm On Aug 26, 2020
Who doubles the cost of basic services in the middle of a pandemic?

No be per how you consume again?

We don't pay taxes to know who earns more, some may live in a big house on rent or as a caretaker

5 Likes 1 Share

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by Nobody: 5:41pm On Aug 26, 2020
Ok, we'll get there someday.
Maybe it's time to start supporting the leaders. Wailing leads to nowhere, if you should criticise be constructive with your criticisms.

Buhari may not be the best in terms of charisma, but he surely has a plan. Make we stil dey try support the old man.

I spent around 15k monthly on fuel alone before I went solar. If the electricity is available bill payments should not be an issue. In the past few weeks there's been some improvement in power supply. I hope the progress continues, we'll get there someday.

7 Likes

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by ItsCheeze(m): 5:41pm On Aug 26, 2020
undecided
Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by Authoreety: 5:41pm On Aug 26, 2020
I no wab
Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by Esseite: 5:42pm On Aug 26, 2020
baliyubla:
Even as a strong critic of the dullard, will commend him on this, if it’s fully enforced. There was just no sense in expecting an Ikoyi boy to pay same tariffs with a Mushin boy.

Will further advise that luxury items should also be tasked heavily.

Is obalende different from Ikoyi?
Is Ajah different from Lekki?
Is Mafoluku different from Ikeja Gra?..

10 Likes

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by faithful2911(m): 5:42pm On Aug 26, 2020
Goodluck to him.

1 Like

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by Adjovi: 5:42pm On Aug 26, 2020
Nawa o who advises this government? They don't even do proper research before implementing any policy. I'm tired. All of you that voted for buhari, I hope y'all can see what a disaster his government is.

20 Likes 1 Share

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by Hndrrxxx(m): 5:42pm On Aug 26, 2020
Nice move cool cool

Buhari for 2023 then cheesy
Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by Microfels: 5:42pm On Aug 26, 2020
We'd still be paying for darkness. It's all about meeting the requirements for yet another loan that will probably be siphoned by our kleptomaniac leaders. Let the discos meter everyone as a prerequisite for the implementation of this vampiric increase in tariff.

11 Likes

Re: Buhari Approves New Electricity Tariff; Rich Nigerians To Pay More by mark2sunny(m): 5:43pm On Aug 26, 2020
It must be approved if it has to bring suffering and drain our purses.

3 Likes 1 Share

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