The National Assembly leadership in Nigeria has waded into the controversy over the planned increase in electricity tariffs from July 1, 2020 and succeeded in convincing the distribution companies to postpone the plan to the first quarter of 2021.
President of the Senate, Ahmad Lawan, Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila, and other chief officers of the National Assembly with the top chiefs of the state electricity regulating body and DisCos across the country.
Meetings also chaired the committees on power from the Senate and House of Representatives.
According to a statement by Special Adviser (Media) to Senate President Ola Awoniyi, the National Assembly leaders were emphatic at the meeting that the timing of the planned hike was wrong, although a cost-reflective tariff for the power sector was needed to attract the much needed investment .
The statement reads: “During the meeting, the discotheques also admitted that they were not well prepared for the planned high course, even though they wanted an increase.
"The meeting agreed to postpone the planned hike to the first quarter of next year while the National Assembly leadership promised to meet with President Muhammadu Buhari on the matter.
"The agreement is that there will be no increase in the tariff on July 1."