By Ediri Ejoh
Chief Executive Officer of Century Power Generation Limited, Dr Chukwueloka Umeh, says that the Nigerian Electricity Regulatory Commission, NERC’s, failure to increase electricity tariff in smaller, steady steps from 2015, as stipulated in the Multi-Year Tariff Order, MYTO, has made the almost 100 per cent increase for some consumers very discomforting, especially at this time of unprecedented economic hardship.
Dr Umeh said for there to be electricity available to every Nigerian, tariff increment is necessary for the power value chain to work effectively. He, however, admits that the timing for this increase could be better, considering the economic situation in the country.
Speaking as a guest on a television program in Lagos, he reasserted that the government’s role in the power sector needs to be solely that of an enabler that provides a conducive investment climate for investors, as well as a regulator that oversees the operation of the industry.
Umeh,…
Source: Vanguard Newspaper
