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BREAKING: FG bows to pressure, suspends new electricity tariff

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After a massive power outage caused by a partially interrupted nationwide protest by organized workers, the Federal government suspended the new electricity tariff.

The order for the suspension was contained in a statement released by the Nigerian Electricity Regulatory Commission (NERC) on Tuesday, September 29.

The suspension of the controversial new tariff will, however, take effect for the next two weeks in line with the agreement reached by the federal government, the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC).

Globalgistng notes that the organised labours had suspended its strike scheduled for Monday, September 28, over the hike in the price of motor spirit known as petrol and electricity tariff.

The agreement was reached to allow a prompt review of the new price which has been courting controversies since announced by the federal government.

NERC has now issued an order to the 11 electricity Distribution Companies (DISCOs) to stop implementing the new price.

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Part of the statement read:

“Following a joint communique issued by the Federal Government of Nigeria (“FGN”) and the labour unions, the FGN agreed that the recent review in electricity tariffs would be suspended by the Commission for a period of 14-days to further consultations and finalisation of negotiations between the parties.”

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