Electricity tariff hike: Fashola begs consumers


Minister of Power, Works & Housing, Mr Babatunde Fashola, SAN (middle), the Permanent Secretary, Power in the Ministry, Mr Louis Edozien(right) and Chief Executive Officer, Eko Disco, Engr. Oladele Amuda (left) during the Second Monthly Meeting of the Minister with Sectoral Participants in the Power Sector at the Alagbon Transmission and Distribution Complex, Osborne Road, Ikoyi, Lagos on Monday 8, February 2016.
Minister of Power, Works and Housing, Mr Babatunde Fashola SAN, Monday chaired the Second Monthly Meeting of the Power Sector Operators in furtherance of his determination to find practical solutions to issues affecting the nation’s electricity industry even as he appealed to the organized labour and consumers for understanding over the new Multi-Year Tariff Order which came into effect on February 1.
The meeting which held at the Alagbon Transmission and Distribution Complex in Ikoyi, Lagos had in attendance representatives of all the Power Generation Companies (Gencos) , Distribution Companies (Discos) and the Transmission Company of Nigeria (TCN), as well as various government agencies such as the Niger Delta Power Holding Company (NDPHC), Nigerian Bulk Electricity Trader (NBET), the Nigerian Electricity Regulatory Commission (NERC) and the Nigerian Electricity Management Services Agency (NEMSA) responsible for the regulation and development of the electricity industry.
The oil and gas industry was also represented at the meeting by senior executives of the Nigerian National Petroleum Company (NNPC), Gas Aggregating Company of Nigeria (GACN) and the Nigerian Gas Company (NGC).
Fielding questions from newsmen after being conducted round the completed and ongoing power projects at the Alagbon Transmission and Distribution Sub-station, under the management of the Eko Distribution Company which co-hosted the meeting, Fashola said although the decision to increase tariff was a hard one, without proper pricing of Power, the whole system would collapse after sometime.
The Minister, who likened the …Read More

Source:: PM Newspaper