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Electricity tariff will come down – Power Minister, Adelabu tells Nigerians



 The Minister of Power, Adebayo Adelabu, has said he is
optimistic about the reduction of electricity tariff.


Adelabu disclosed this on Friday during the sectoral
briefing by ministers in Abuja.



Recall that on April 3, the Nigerian Electricity Regulatory
Commission, NERC, announced a 240 per cent electricity tariff hike for band A
customers who receive a 20-24 hour power supply.


After the Nigeria Labour Congress and Trade Union Congress
called for reversal, the Commission slashed the tariff by N18.



Unsatisfied with the development, the Organised Labour
threatened to go on strike.



Meanwhile, Adelabu said the electricity hike for Band A
customers is a temporal hardship pending an increase in power sector output.


The minister stated that the tariff is similar to the
initial price surge observed in the telecommunication sector, which eventually
saw prices decrease over time.



“The electricity tariff might look expensive at the moment.
But I’m optimistic that these tariffs will go down. We know how much we were
buying SIM cards when the telcos just came. We know how much we were buying



“But gradually, as we scale up in generation, transmission
and distribution, these prices will also decrease. It’s a temporary hardship
leading to a permanent gain,” Adelabu said.

Source link: Nigerianeye

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