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FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months (13072 Views)

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FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by dre11(m): 10:38am On Oct 13
Proceed from value added tax will be used to subsidise electricity tariff, according to agreement reached between Federal government and labour.

The subsidy could be as much as N10.20 per kilowatt hour distributed across bands A, B and C for up to three months, said minister of state for labour and employment Festus Keyamo.

The three months is time for the joint technical committee bridging the talks between labour and federal government to complete its scope of work.

The committee, comprising ministries, departments, agencies, Nigeria Labour Congress and Trade Union Congress, was put up to investigate the implementation of service-based tariff which came into effect in September.

Nigerians pushed against the hike in electricity tariff that followed, forcing its suspension for two weeks while the committee met.

Keyamo published the committee’s communique on his Twitter handle @fekyamo

The committee also decided on distributing six million meters to Nigerians free of charge, in an accelerated mass metering programme.

Central Bank has approved funding, existing stockpiles will be distributed and the cost of the meters recovered from distribution companies.

Among other relief are moves to procure the six million meters from local manufacturers and assemblers, proving jobs and a new meter manufacturing subsector.

The government will move to ensure salary for electricity workers is proteted in a revised payment structure.

National Electricity Regulatory Council will publish monthly allowed billings for unmetred customers to make the capping regulation more effective.

Distribution companies will refund consumers that have evidence of being overbilled during the transition to the service-based tariff. Any evidence of overcharging identified through the adhoc committee scope will also be reimbursed by distribution companies.

Distribution companies will suspend migration of customer to protect them from changes in tariff during the three month period of the joint technical committee.

DAILY TRUST

2 Likes 2 Shares

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by davidodiba(m): 10:41am On Oct 13
Hmmm...
Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by osamz007: 10:43am On Oct 13
e no stop the fact say BUHARI dey very stupid. and he's still a dullard

60 Likes 4 Shares

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by FarahAideed: 10:43am On Oct 13
The fraud continues

58 Likes

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by BigSarah(f): 10:58am On Oct 13
Why does the government have to implement sneaky and evil rules just to Appear smart!...No righteousness in governance sometimes I forget

29 Likes

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by Blue3k(m): 11:14am On Oct 13
Lol I wonder where people think government gets magic money to pay for these subsidies they demand. There's no reason to be surprised this announcement.

5 Likes

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by atlanticexpress: 1:37pm On Oct 13
Isiokay, we hear you
Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by nairavsdollars(f): 1:37pm On Oct 13
believe this Lai at your peril

19 Likes

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by 8y88y8: 1:37pm On Oct 13
Like to # endBUHARI share for #endBUHARI

24 Likes 17 Shares

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by saucespecies: 1:38pm On Oct 13
Then what will happen after 3 months?

7 Likes

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by ProfAmaben: 1:38pm On Oct 13
Buhari still remains the best president Nigeria has ever had. The man has integrity and has the masses at heart. Although he has his shortcomings like every human, he is generally good.

It was announced on Brekete family this morning that if you are a artisan or wanna start a business, you have 50,000 naira for you plus free CAC registration. If in Abuja, kindly go to the human rights radio galadimawa tomorrow morning for this opportunity.

Sai Baba!

3 Likes 3 Shares

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by frankmoney(m): 1:38pm On Oct 13
Stop the subsidies honestly .... We are only deceiving ourselves

2 Likes 1 Share

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by ecolime(m): 1:38pm On Oct 13
Hmm

While the Youths are protesting against SARS. The government sees it as a distraction for us and an opportunity for the senate to confirm lopsided appointments and appoint crazy people like Lauretta.

Lets not get carried away.

1 Like

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by kilomodemoh: 1:38pm On Oct 13
What happens after 3months

1 Like 1 Share

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by Rejoice04(f): 1:38pm On Oct 13
Good move
Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by Arespect10(m): 1:38pm On Oct 13
Can't we just protest againts the government sef ni?

5 Likes

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by Moneywirer: 1:39pm On Oct 13
And after 3months the nonsense continues.
Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by olaposer(m): 1:39pm On Oct 13
A pass a fail a kuro ni class , still using problem to solve problem , God bless Nigeria.
Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by jmoore(m): 1:39pm On Oct 13
Another conduit pipe for corruption.

Subsidy for a paltry 5,000 megawatts.

How can you subsidize something that is not even sustaining us?



August 2020, Nigeria achieved 5,420.30 MW in the
national grid, the highest in history
Transmission Company of Nigeria was proud of this
announcement. This type of records are not the ones
you blow with trumpet.
National grid has been swinging between 4,000+ MW
and below for years.


4,517 megawatts was attained on December 23, 2012.
4,545 megawatts was attained on July 13, 2015.
5 years later, an addition of 1,000 MW approximately
is not something to be celebrated.
We need a quantum leap in solving the power
problems of Nigeria.
Egypt added 25,000 megawatts (MW) of new power
stations to their national electricity grid during the
period from June 2014 to June 2018. Got that? 25,000
MW in just 4 years.


In October 2018, project consortium partners Siemens,
Elsewedy Electric and Orascom Construction officially
unveiled one of the largest combined cycle
megaprojects in Beni Suef,
Egypt. The teams completed three plants totalling
14,400 MW in a record time of 27.5 months at the
cost of €6 billion.

1 Like

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by carbon1224(m): 1:39pm On Oct 13
Even the meter we paid for over 2montha has not been installed, this people knows how to play with our head.awon ode

2 Likes

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by tot(f): 1:39pm On Oct 13
Keyword: TO
They should confirm when they actually do so.

1 Like

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by azmanaty02: 1:39pm On Oct 13
and what happens after 3 months??
Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by sammysneh(m): 1:39pm On Oct 13
Another propaganda
Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by Abouwaza(m): 1:39pm On Oct 13
Scam scam scam
Anyways we are always happy you are scamming us, rather we will go hard on ourselves and fight the petty thieves around us

I don't know the difference between a bullion van thief and an average Yahoo boy

1 Like

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by thebosstrevor1: 1:39pm On Oct 13
This fg are confused and also broke.

They keep taxing everything to fund subsidies.

Sha, my own is simple
#endyahooyahoo
Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by Mario619(m): 1:40pm On Oct 13
So after three months what happens to the other months? I pity Nigerians in 2021 #Endbuhariregime!!!!

1 Like

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by Openbusiness: 1:40pm On Oct 13
Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by sukerefakere(m): 1:40pm On Oct 13
What next after 3 months

1 Like 1 Share

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by ugochukwufrenzy(m): 1:40pm On Oct 13
we at vulturebbqgrills thank our darling dullard daddy for this audio promise. insane nigerians are with you and always praying for you...

2 Likes

Re: FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months by omowolewa: 1:40pm On Oct 13
Nawa

1 Like

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