The House of Representatives has ordered the Federal Government to halt its planned electricity tarrif.
The resolution was passed sequel to the adoption of a motion sponsored by the Deputy Minority Leader, Hon. Aliyu Sani Madaki.
In his lead debate, Hon. Madaki observed that recently, Distribution Companies (DISCOS) alerted customers of a planned electricity tariff hike hinged on the Multi-Year Tariff Oder (MYTO).
“The House also notes that the circular issued by DISCOS stated that effective July 1, 2023, there would be an upward review of the electricity tariff influenced by fluctuating rates.
“The House is aware that under the MYTO, 2022 guidelines, the previous exchange rate of N 441/$1 may be revised to approximately N750/$1 which would have an impact on the tariffs associated with electricity consumption.
“The House is also aware that under the planned hike, consumers within ‘B’ and ‘C’ with supply hours ranging from 12–16 hours per day will pay N100 per KWh, while Bands ‘A’ with 20 hours and above and ‘B’ with 16–20 hours, would experience comparatively higher tariffs, that is, for customers with a prepaid metre, whereas, for those on post-rand (estimated) billing, a significant increment is expected to be higher.