• Tuesday, April 23, 2024
businessday logo

BusinessDay

FG, labour agree on 1 week extension of suspension of new electricity tariff

James Momoh

The federal government and organised labour have agreed on one extension of the suspension of the new electricity tariff by one week.

James Momoh, chairperson of the Nigeria Electricity Regulatory Commission (NERC), said this when the ad hoc technical committee on electricity tariff submitted its interim report at a reconvened meeting between the Federal Government and labour on Monday in Abuja.

The new electricity tariff which took effect from September 1, was earlier suspended for two weeks and ended at midnight on October 11. It started when the organised labour suspended the planned industrial action over agitation on the hike in electricity tariff on September 28.

The committee, chaired by Festus Keyamo, the minister of state for labour, is to examine the justification for the new policy.

Momoh said the one-week extension is to enable the committee to review and work out modalities for the implementation of the agreement reached on the electricity tariffs structure.

Chris Ngige, the minister of labour and employment, while reading a resolution reached between the Federal Government, Organised Labour and the Ad Hoc Technical Committee on Electricity Tariff, said that adoption of the work plan for effecting the resolutions has been reached.

Ngige said the resolutions adopted would be implemented by all stakeholders within the week by Sunday, October 18.