The report that distribution companies operating in the country were planning to increase electricity tariff by 100 per cent has been dismissed as mere rumour. The Nigerian Electricity Regulatory Commission (NERC) said against speculation, that it has not received any request for a 100 per cent increase in tariff from any electricity industry operator.

“Contrary to this wild and speculative media report, NERC has not received any request for 100 per cent increase in tariff from any electricity industry operator as most of them are at this moment pre-occupied with the challenges of improvement in service delivery imposed on them by the existing tariff regime,” the commission said on Wednesday, July 13.

In the statement signed by the Head of Media Unit of the commission, Michael Faloseyi, NERC said that it was also not contemplating any hike in electricity tariff just as none of the operators in the Nigerian Electricity Supply Industry (NESI) has requested for any such increase. “ The Commission as well as the industry is responsible enough to appreciate the state of the economy, level of power generation, how Nigerians are coping and would, therefore, not make any decision that could further aggravate the challenges faced by the power sector and the economy.

NERC also urged critical stakeholders in the Nigerian economy “not to be quick in joining the fray by reacting to baseless media speculation thereby lending credence to rumours and wild imaginations.”

Ogie Omelegie
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