The National Electricity Regulatory Commission (NERC) has received a directive from the House of Representatives not to grant Discos’ request for an increase in electricity rates. According to Lagos Reporters, the Green Chambers approved the motion on Thursday during a plenary session. A proposal proposed by Sani Madaki, a Kano State-based member of the New Nigeria Peoples Party (NNPP), was adopted after the resolution was passed. Recall that there were rumors that the rising cost of gasoline would cause a 40% increase in electricity costs. The 2022 Multi-Year Tariff Order (MYTO), which is due for a biannual review this month, was claimed to be a condition of the increase
Author
J.J Olawuyi
-
-
-
BusinessPolitics
Dangote Refinery: We Will Still Commence Production Between July/August — Spokesperson
As Nigerians wait for the arrival of petroleum products from Dangote’s multi-billion refinery project, the company …
-
-
Breaking NewsFeaturedLatest Nigerian NewsPolitics
Ododo’s Eligibility: Tension in Kogi State Government House As Judge Gives Verdict Today
18th July, 2023 Tension is palpable within the premises of Kogi State Government House as the …
-
Breaking NewsCrimeFeaturedLatest Nigerian News
Bandits, Wives, Informants Arrested On Their Way From Saudi Arabia
As soon as they arrived back from Saudi Arabia, where they had taken part in the …
-
BusinessFeaturedPoliticsTech
Federal Government Calls On Chinese Investors, Others To Set Up Lithium Battery Factories In Nigeria
The National Agency for Science and Engineering Infrastructure (NASENI) is urging investors to work with the …
-
-
Breaking NewsExclusiveFeaturedLatest Nigerian NewsPolitics
₦200,000 Minimum Wage: Tinubu To Decide Shortly
Strong signs point to the federal government’s favorable attitude toward the country’s organized labor’s demand that …
-