Following public outcry against plan on new electricity tariff billed to take off on 1st July, 2020, leadership of the National Assembly yesterday stepped in to intervene in the crisis to defer the plan till the first quarter of 2021.
In a statement by the Special Adviser (Media) to the Senate President, Ola Awoniyi, the President of the Senate, Ahmad Lawan, the Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila and other principal Officers of the two Chambers who met at the National Assembly with Chief Executives of the regulatory bodies in the power sector as well as Chairmen of the Committees on Power from both chambers, the NASS leaders said the plan was not timely.
The DisCos, according to the statement, “admitted that they were not well prepared for the planned hike in tariffs even though they so much desired the increase”. Hence, They agreed to defer the planned hike till first quarter of 2021.
The Senate President had at the end of the meeting said there is not going to be any increase in the tariffs on July 1st, as proposed by the distribution companies.
“The Speaker and I, we are going to take appropriate action and meet with the President.
“We are in agreement here that there is no question on the justification of the increase but the time is simply not right and appropriate measures need to be put in place.
“So between now and the first quarter of next year, our task will be to work together with you to ensure that we put those blocks in place to support the eventual increase in tariffs,” Lawan said.