The Federal Government has extended the suspension of the new electricity tariff by one week.
Prof. James Momoh, Chairman, Nigeria Electricity Regulatory Commission (NERC) said this when the ad hoc Technical Committee on Electricity Tariff submitted its interim report at a reconvene bilateral meeting between Federal Government and Organised Labour on Monday in Abuja.
The News Agency of Nigeria (NAN) reports that the new tariff was earlier suspended for two weeks and ended at midnight on Oct. 11, when the organised labour suspended the planned industrial action over agitation on the hike in electricity tariff on Sept. 28.,
It would also be recalled that the the committee which was Chaired by Mr Festus Keyamo, Minister of State for Labour is to examine the justifications for the new policy in view of the need for the validation of the basis for the new cost reflective tariff.
It was also agreed that while the committee carries the justification that electricity tariff should be…
Source: Guardian Newspaper