The Nigerian Electricity Regulatory Commission (NERC) and the Electricity Distribution Companies (DisCos) will be engaging in a public hearing to discuss the proposed tariff hike. This decision comes in response to concerns raised by consumers and other stakeholders who argue that the increase would lead to a rise in poverty levels.
Scheduled for Thursday, July 20, 2023, the public hearing aims to gather feedback from various stakeholders, including consumers, analysts, investors, planners, and human rights activists.
Uket Ogbonga, the National Secretary of the Network of Electricity Consumers Advocacy of Nigeria (NECAN), expressed his organization’s stance on the issue, stating that they do not necessarily support an electricity tariff increase.
The public hearing provides an opportunity for all concerned parties to voice their opinions and contribute to the ongoing discussion surrounding the proposed tariff hike.
“What we believe, based on available evidence is that the cost elements that govern tariff have increased tremendously in recent times.
“For instance, the foreign exchange rate has increased to N765 per dollar, from the previous N410 per dollar. The inflation rate has risen to 32 per cent, from 12.5 per cent. Even the prices of gas and other items have also increased, thus making it difficult for operators to bear.
“The proposed tariff review is not debatable. It is something that must happen because it is regulatory in nature. The facts and figures are there. It is just a matter of time.”
