Business
Electricity tariff hike: House Ad-hoc Committee stops NERC
Theproposed plan by the Nigeria Electricity Regulatory commission to announce a hike in electricity tariff this week suffered a serious blow as the House of Representatives halted the planned increase.
In a letter addressed to NERC and signed by Hon Babajimi Benson, head of the House Ad-hoc Committee investigating the activities of Electricity Distribution Companies, NERC was asked to suspend the move pending the completion of its investigations.
The letter reads: “In paragraph 3 of our letter dated 29th October, 2015 under the same subject heading, we requested you to suspend the implementation of any increase in electricity tariff until the committee concludes its investigations.
“Further recall that at the joint investigative hearing with the Committee on Power, it was agreed that any tariff increase should be suspended until all stakeholders are carried along.
“Our attention has been drawn to various news items published in many newspapers of yesterday December 13, 2015 to the effect that your commission has concluded plans to announce new electricity tariff to Nigerians this week.
The stated further “It is our opinion that any plan by your commission to announce new electricity tariff will run contrary to the spirit of the letter under reference and undermine the outcome of the investigative hearing by this Committee as it relates to infrastructure and billing by Electricity Distribution Companies”
-
Football4 days agoFrance confirms U-20 Women’s World Cup participation amid FIFA-UEFA rift
-
Business4 days agoNigeria’s external debt service falls 31.5% to $954m in Q1 2026
-
Latest3 days agoNFF denies calling for Infantino’s resignation
-
Featured3 days agoOsun Governorship Election: Adeleke faces tough test as APC, ADC mount challenge
-
Latest3 days agoMessi reportedly faced multiple bomb threats during 2026 World Cup
-
Business3 days agoNNPC faces fresh scrutiny over oil licensing, production claims, transparency
-
Business4 days agoNaira at ₦1,360/$: Can the currency’s new stability last?
-
Football2 days agoWAFCON 2026: Super Falcons battle South Africa for World Cup play-off spot


