Nigerian Senate orders immediate reversal of new electricity tariff
The Senate on Tuesday directed the immediate reversal of the recent hike in electricity tariff announced by the Nigerian Electricity Regulatory Commission. The upper chamber, gave the directive while adopting a two-prayer motion moved by the All Progressives Congress member representing Bauchi North, Senator Suleiman Nazif. The senate also asked its committee on Labour to carefully review the law establishing NERC with a view to making it a strong regulatory body that will ensure that both the consumer and investor will be treated fairly and equitably. It also mandated the committee on Employment, Labour and Productivity to organise a public hearing of stakeholders, including the Ministry of Power; the NERC; DISCOS; and GENCOS so that an acceptable way of resolving all issues relating to the sector could be effectively resolved. Nazif lamented the alleged arbitrary increase of the tariff and insisted that due process was not followed as stipula...