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Price of electricity per unit will go down soon – FG

The Minister of Labour and Employment, Senator Chris Ngige, has reassured Nigerians that price of electricity will go down and once it goes down, the consumers will benefit.”

On the electricity tariff, the minister disclosed that a bipartite meeting of the Federal Government and the organised labour adopted the report of its Ad-hoc Technical Committee on Electricity Tariffs, made some adjustments and transformed the committee into an implementation committee, to implement all the recommendations made, including mass metering.

He stated, “You will start seeing members of the committee with the Minister of Power going around now and making sure that the Discos put meters for people because there are reports that they don’t want to be distributing meters and that they want to be doing bulk billing and estimated billing. So, we don’t want that.

“There is also a resolution as regards gas companies reducing gas pricing for gas sold to power companies, GENCOS and the rest of them so that the price of electricity per unit will go down and the consumers will benefit from it. We have given the marching orders for them to do so.

“Some paper work has to be done and once that is done, price of electricity will go down and once it goes down, the consumers will benefit.”

He said the committee also recommended that those forcefully migrated by distribution companies from lower paying bands C and D to upper bands A and B should petition the National Electricity Regulatory Commission.

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