Electricity

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SERAP sues Buhari, NASS, wants court to declare electricity tariff, fuel price hike illegal

SERAP sues Buhari, NASS, wants court to declare electricity tariff, fuel price hike illegal

Socio-Economic Rights and Accountability Project (SERAP) and 302 concerned Nigerians have filed a lawsuit against President Muhammadu Buhari and the leadership of the National Assembly, asking the court to “declare illegal, unconstitutional and unfair the recent hike in electricity tariff and fuel price because top level public officers cannot continue to receive the same salaries […]

FG extends suspension of new electricity tariff by 1 week

FG extends suspension of new electricity tariff by 1 week

The Federal Government has extended the suspension of the new electricity tariff by one week. Prof. James Momoh, Chairman, Nigeria Electricity Regulatory Commission (NERC) said this when the ad hoc Technical Committee on Electricity Tariff submitted its interim report at a reconvene bilateral meeting between Federal Government and Organised Labour on Monday in Abuja. The […]

Budget 2021: FG earmarks N152bn for electricity

Budget 2021: FG earmarks N152bn for electricity

…East-West Road gets N15bn …Information Ministry to spend N1.3bn on travels, refreshment, others By Emma Ujah, Abuja Bureau Chief & Emmanuel Elebeke The Federal Government is to pay power generation companies through Nigerian Bulk Electricity Trading, NBET, the sum of N152.416 billion in 2021. According to details of the 2021 budget now before National Assembly, […]

Electricity: FG spent N540bn on subsidy in 2019 — NERC

Electricity: FG spent N540bn on subsidy in 2019 — NERC

By Prince Okafor The Nigerian Electricity Regulatory Commission (NERC) says the Federal Government spent N540 billion subsidizing electricity in 2019. The commission further stressed on the need to put an end to subsidy in the sector. NERC Vice-Chairman, Sanusi Garba, who spoke during an interview with TVC, stated that the amount spent on electricity subsidy […]