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Buhari to Continue Power Reforms, Nigerians to Expect October Increase in Tariff

by on September 15, 2015
 

The Permanent Secretary, Ministry of Power, Mr. Godknows Igali, while speaking at the Powering Africa Nigeria conference in Abuja, stated that Federal Government is committed to improving the power sector and will also provide an enabling environment for investors in the sector, according to Vanguard.

According to him, government will continue to refine whatever needs to be refined in the power sector to enable investors in the sector do business profitably. He noted that President Muhammadu Buhari had clearly stated his intention to go on with the reform exercise and explained that as part of such commitment to continuity, the government noted that it would further push for the sanctity of the regulatory environment to give investors comfort.

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He disclosed that the power sector remains one of the best places to invest in, because the sector pays for itself and also because the challenges of gas supply had been significantly addressed.

While speaking on the proposed review in electricity tariff, Mr. Sam Amadi, Chairman, Nigerian Electricity Regulatory Commission (NERC) said from October, there would be a new tariff from the Distribution Companies (DISCOS) for retail consumers once the stakeholders in the sector had completed the process of finalizing a new tariff structure.

 

Source: Energy Mix

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