leadership succeeded in convincing the Distribution Companies (DISCOs) to defer the plan until the first quarter of 2021.
The leadership of the two chambers of the National Assembly on Monday waded into the controversy on the planned hike in electricity tariffs set to come on stream on July 1. The leadership succeeded in convincing the Distribution Companies (DISCOs) to defer the plan until the first quarter of 2021. The President of the Senate, Ahmad Lawan, the Speaker of the House of Representatives, Femi Gbajabiamila, and other principal officers of the two chambers met at the National Assembly with the Chief Executives of the Government electricity regulatory body and DISCOs across the country. Also in attendance were the Chairmen of the Committees on Power from the Senate and House of Representatives. The National Assembly leaders were emphatic at the meeting that the timing of the planned hike was inappropriate even though they did not take issue with the need to introduce cost-reflective tariffs for the power sector to attract much-needed investments. In the course of the meeting, the DISCOs admitt...