The Nigerian Electricity Regulatory Commission has issued a tariff review documents to the 11 distribution companies, empowering them to collect 100 per cent of the new tariff from July to December 2021.
Discos had received the approval to collect an average of 87.9 per cent of the recently increased electricity tariff from consumers across the country in the first six months of 2021.
The approved new collection rates for the Discos implies that consumers would be required to pay higher in the coming year, especially in the second half of the year.
The increase in electricity tariff on September 1, 2020, had been kicked against by various groups, some of the power firms had already commenced its implementation.
The approval to collect an average of 88 per cent tariff in the first half of 2021 is contained in the NERC’s various orders in the matter of the Extraordinary Review of Multi-Year Tariff Order 2015, which were issued to the 11 Discos.
In the orders to the Discos, which are jointly signed by NERC Chairman, James Momoh, and a commissioner, Dafe Akpeneye, the commission stated that the new tariff took effect from September 1.
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The NERC explained that the approval was given after it considered the key indices used in evaluating the tariff increase applications of the power firms.
Meanwhile, the registration portal for the N75bn Micro, Small and Medium Enterprises Survival Fund and Guaranteed Off-take schemes of the Federal Government will be opened on Monday, the Minister of State for Industry, Trade and Investment, Mariam Katagum, has said.
According to her, the project, which will run for an initial period of three months, will be opened for 1.7 million entities and individuals across the country.
The Minister said this in a statement in Abuja on Saturday by the Assistant Director, Information, Federal Ministry of Industry, Trade and Investment, Oluwakemi Ogunmakinwa.
Katagum explained that the Survival Fund and Guaranteed Off-take schemes were at the core of the N2.3tn stimulus package of the Federal Government.
