Company Reporter

Sen. Gabriel Suswan (PDP-Benue) says the Nationwide Meeting directs the Electrical energy Distribution Firms (DisCos) to not enhance electrical energy tariff due to the present financial challenges occasioned by COVID-19 pandemic throughout the nation.

Suswan, Chairman, Senate Committee on Energy, made the disclosure in an interview with the Information Company of Nigeria (NAN) in Abuja on Thursday.

He stated that the rise within the tariff needed to cease for now even when it was apparent that a rise, given the supply of essential distribution infrastructure within the electrical energy market, would assist the sector to be solvent.

He famous that a rise in electrical energy tariff on this interval would worsen the financial hardship confronted by Nigerians, therefore the intervention of the Nationwide Meeting to prevail on the DisCos to droop the rise till first quarter of 2021.

“Underneath a traditional state of affairs, enhance in tariff enhance will assist the operators to fulfill their remittances 100 per cent and authorities won’t must subsidize.

READ ALSO: Lawan to DisCos: give Nigerians meters earlier than tariff hike

“Now authorities everywhere in the globe are giving palliatives to their residents; in America as an illustration, the general public who fought for palliatives for not being employed obtain some stipends weekly.

“Now, right here we’ve got people who find themselves unable to feed household due to the COVID-19 pandemic and DisCos is saying it can enhance tariff on the similar time; we’re saying sure, value reflective tariff is the way in which to go as a result of we’d like the sector to be solvent, however the timing just isn’t auspicious.

He additionally defined that the federal government had additionally decreased petrol pump value as a result of it didn’t need to enhance burden on Nigerians, observing that it could not make sense if DisCos elevated electrical energy tariff.

“Within the interim, authorities will proceed to subidize petrol pump value as a result of that’s the accountability of presidency, no authorities will desire a state of affairs the place their citizen could be overburdened with costs of products.

“So, that was why we stepped in and adequate with the choice we took, the president has agreed with us and stated they need to not activate the rise till sure issues are in place,” he defined.


Leave a Reply

Your email address will not be published. Required fields are marked *