INCREASE IN ELECTRICITY TARRIFF, THE WAY FORWARD?

The 36 state governors have given their backing to the Nigerian Energy Regulatory Commission to increase electricity tariff. This decision was taken yesterday, May 10, 2012 at the meeting of the National Economic Council at the Presidential Villa in Abuja.
The council, chaired by Vice President Namadi Sambo includes the 36 state governors, Governor of the Central Bank of Nigeria, ministers of Finance, National Planning and Justice.
Liyel Imoke, Governor of Cross Rivers state while briefing state house correspondents after the meeting said the governors decided to back the planned tariff increase after listening to a presentation by the chairman of NERC, Dr. Sam Amadi. He said the joy in the new tariff plan was that there would be marginal or no increase in tariff for the poor who consume little quantity of power.