…FG to use NESI’s VAT proceeds to reduce tariff hike by 31%
By Prince Okafor
The Presidency on Monday said it will work out modalities to ensure that customers overcharged by the Eleven Electricity Distribution Companies, DISCOs, during the recent hike in tariff get their refunds.
This came even as the Special Adviser to the Nigerian president, on Infrastructure, Ahmad Rufai Zakari, disclosed that the DISCOs will distribute six million prepaid meters to Nigerian households.
Zakari made this known shortly after a negotiation meeting between the Federal Government and Labour Union.
It would be recalled that, the Nigerian Electricity Regulatory Commission (NERC) earlier in September, increased electricity tariff from N30.23 per kilowatt-hour to N62.33 Per kwh.
Following the tariff increment, five distinctive bands (A-E) were created to reflect the various service levels and minimum hours of power supply.
For instance, customers in “Band A” are to enjoy a daily minimum…
Source: Vanguard Newspaper
