Minister of Power, Adebayo Adelabu has said that the pain that came with increased tariff in the country is a temporary phase which would pass.
While presenting his ministerial scorecard in Abuja on Friday, May 24, Adelabu said electricity distribution companies (DisCos) are now responsive to their duties because the Nigerian Electricity Regulatory Commission (NERC) has improved on its oversight over them.
He added that the electricity tariff will crash over time just like telecoms tariffs. Adelabu said;
“It might look expensive at the moment, I am optimistic that these tariffs will go down. We know how much we were buying SIM cards when telecoms first came. We know how much we were buying the telephone sets. But gradually, it scaled off.
“Generation, transmission and distribution, these prices will also go down. So, it is a temporary hardship and it will lead to permanent gain.”
The power minister further revealed that the Nigerian Electricity Supply Industry (NESI)…
Source: Linda Ikeji
