BREAKING: FG Reduces Electricity Tariff After Public Outcry
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

BREAKING: FG Reduces Electricity Tariff After Public Outcry

Adam PR by Adam PR
May 6, 2024
in NEWS
0
BREAKING: AEDC Speaks On Planned Electricity Tariff Hike
21.5k
SHARES
21.5k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

The Nigerian government has approved a downward review in electricity tariff for Band A customers to N206.80/kwh, from N225/kwh.

The decision to crash the tariff may not be unconnected with public outcry over the initial hike.

Ban A customers are electricity consumers with a minimum supply of 20 hours daily.

In a notice to its customers on Monday, Ikeja Electric, stated: “Please, be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective 6th May 2024 with guaranteed availability of 20-24 hours supply daily.

“The tariff for Bands B, C, D, and E remains unchanged.”

DAILY GIST recalls that the Nigerian Electricity Regulatory Commission, NERC, had increased the tariff paid by Band A customers from N68/KWh to N225/kWh.

ALSOREAD

FG Imposes Tax On Hookup Girls, Yahoo Boys Under New Law

Tax ID Now Compulsory For Nigerians: What You Should Know

Elon Musk Makes Declaration Amid FG’s Threat Over Sowore’s Anti-Tinubu Tweet

FG Rushes To Tighten Border Control As ‘Deadly’ Ebola Virus Kills 16 In Fresh Outbreak

FG Sends Message To University Students Over Looming ASUU Strike

Band A customers are expected to receive between 20 and 24 hours of electricity supply daily. Those under B enjoy 16 to 20 hours of power supply and those in Band C receive 12 to 16 hours daily.

NERC also said that Band A customers make up just 15 percent of total electricity customers in the country.

Additionally, these customers would no longer enjoy government subsidy on electricity.

However, the review of electricity tariff generated reactions across the country.

Human rights lawyer, Femi Falana (SAN) accused the Federal Government of working in the interest of the International Monetary Fund, IMF, and the World Bank in hiking electricity tariff.

He said: “The Honourable Minister of Power is acting the script of the IMF and the World Bank.”

Also, the Nigerian Bar Association, NBA, Ikeja branch, gave the Federal Government and electricity distribution companies, DisCos, a seven-day ultimatum to reverse to the old electricity tariff or face a lawsuit.

Speaking, chairman of the branch, Mr Seyi Olawunmi, described the increase in the electricity tariff by almost 300 per cent as unreasonable and insensitive.

He said NERC order in respect to the tariff hike was not in line with the current economic realities of an average Nigerian.

The Nigerian Labour Congress, NLC, and the Trade Union Congress, TUC also appealed to NERC, and power sector operators, to reverse the increase in electricity tariff within one week.

President of the unions, Mr Joe Ajaero and Mr Fetus Osifo, respectively, made the call last Wednesday in a joint speech to mark the 2024 Workers’ Day in Abuja.

They expressed dissatisfaction over the epileptic power situation in the country. The labour leaders said it was affecting the economic growth of the country.

According to them, it is imperative that any nation incapable of effectively and efficiently managing its energy resources faces certain ruin.

In their words: “One of the pivotal factors constraining our nation is our glaring incompetence in managing this sector for the collective welfare of our citizens.

“Power, regardless of its source, remains paramount in kickstarting any economy, while oil and gas are indispensable for robust energy success in every country. “

They said it was absolutely critical for the government to collaborate with the people to establish frameworks that ensure energy works for all Nigerian.

FOLLOW US ON SOCIAL MEDIA

TWITTER — https://x.com/dailygistonline

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News

Tags: Electricity TariffFG
Previous Post

BREAKING: Fire Destroys House Of Former Nigerian Governor

Next Post

JUST IN: House Of Assembly Speaker Suspends 3 Lawmakers Over ‘Juju’

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

Nigerian Man Kills His Girlfriend For Money Rituals In Lagos
NEWS

Assistant Headmaster Suspended After He Was Seen F0ndling Student’s Br£asts In Viral Video

October 8, 2025
Bola Tinubu, Petrol Subsidy, Forex
NEWS

BREAKING: President Tinubu’s Minister Resigns

October 7, 2025
Lagos Appoints Mandy Kiss After Failed Mission To Sleep With 100 Men In 24hrs
NEWS

Lagos Appoints Mandy Kiss After Failed Mission To Sleep With 100 Men In 24hrs

October 1, 2025
FG Imposes Tax On Hookup Girls, Yahoo Boys Under New Law
NEWS

FG Imposes Tax On Hookup Girls, Yahoo Boys Under New Law

September 30, 2025
Lagos Govt Asked To Immediately Arrest Mandy Kiss Over Planned Marathon S£x With 100 Men
NEWS

Lagos Govt Asked To Immediately Arrest Mandy Kiss Over Planned Marathon S£x With 100 Men

September 27, 2025
Lagos Appoints Mandy Kiss After Failed Mission To Sleep With 100 Men In 24hrs
NEWS

Adult Content Star, Mandy Kiss Announces Plan To Sleep With 100 Men In 24hrs, Invites Interested Persons To Venue

October 9, 2025
Next Post
Drama In Edo Assembly As Speaker Suspends Three Lawmakers Over ‘Juju'

JUST IN: House Of Assembly Speaker Suspends 3 Lawmakers Over ‘Juju'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • VIDEO: Man Flees For His Life After Been Caught Sleeping With Another's Man Wife

    VIDEO: Man On The Run After Been Caught Sleeping With Another’s Man Wife

    25360 shares
    Share 10144 Tweet 6340
  • Nigerian Police Arrests Man With Fresh Female Breast

    23856 shares
    Share 9542 Tweet 5964
  • VIDEO: Female Prison Officer Caught Having S£x With Inmate Inside Cell

    26480 shares
    Share 10592 Tweet 6620
  • Nigerian Banker Allegedly Films 400 Videos Of Naked Colleagues In Office Bathroom

    23554 shares
    Share 9422 Tweet 5889
  • VIDEO: Elderly Teacher Caught On Camera Sleeping With A Student Inside School Premises

    22719 shares
    Share 9088 Tweet 5680
  • Corps Members Reportedly Caught Having Sex In Orientation Camp

    22666 shares
    Share 9066 Tweet 5667
  • VIDEO: Lady Disgraced In Lekki After Being Caught Hiding Dollar Bills In Her Private Part

    22988 shares
    Share 9195 Tweet 5747
  • VIDEO: Lady’s Br£asts Fall From Her Top While Dancing With Chris Brown At Concert

    21499 shares
    Share 8600 Tweet 5375
  • Youths Strip Queen Naked, Beat King, Prince During New Yam Festival In Ondo

    21495 shares
    Share 8598 Tweet 5374
  • Nigerian Lady Paraded Nak£d For Sleeping With Another Woman’s Husband

    24300 shares
    Share 9720 Tweet 6075

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR
  • Privacy Policy

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved