Lifting the High Electricity Tariff as Nigerians are on Life support.

 


Electricity  distribution companies (DISCOS) across the country in conjunction with  the Nigerian Electricity Regulatory Commission (NERC) were already  executing the new tariff they had imposed on Nigerians earlier this year  before the intervention of the Senate, last week stopping them from  further implementation until the outcome of a public hearing that would  be carried out by its relevant committees.




it appears an unfair  logic to collect money from the consumers before offering required  services. We believe that the DISCOS should invest in their businesses,  provide reliable power supply and charge a justifiable tariff to recoup  their investment.

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Read more at: http://www.vanguardngr.com/2016/02/lifting-the-electricity-tariff-burden/

Of a truth DISCOS apparently discovered a huge gap in their due diligence for the  acquisition of interests in the electricity business only to resort to  remedial actions after committing their funds.  Unfortunately this is not the time to impose additional burdens on the  weary purchasing power of the average Nigerian neither is it a  convenient time for government’s financial intervention given our  dwindling revenue.  

Part of the middle ground to be reached could include rigorous  interrogation of how they arrived at the new tariff, the actual cost of  delivering electricity to the consumers and an equitable profit margin.  Government can still intervene through the Central Bank of Nigeria (CBN)  in a form of concessionary loan or even government’s non-controlling  temporary equity investments in the DISCOS to free consumers from the  harsh cost of infrastructural investments.