Talks have resumed between the Organised Labour and the Federal Government government over the recent increase in the price of fuel and a hike in electricity tariff.
Labour leaders met with representatives of the Federal Government on Monday in Abuja as the government extended the suspension of the new electricity meter by another week.
This followed the interim report of the ad hoc Technical Committee on Electricity Tariff headed by the chairman of the Nigeria Electricity Regulatory Commission, Prof. James Momoh.
According to Prof Momoh, the one week extension of the tariff said was to enable the committee review and work out modalities for the implementation of the agreement reached on the electricity tariffs structure.
The head of the Federal Government’s delegation and minister of Labour, Sen. Chris Ngige, Minister of Labour who read the resolution reached between the Federal Government, Organised Labour and the Ad Hoc Technical Committee on Electricity Tariff said adoption of the work plan for effecting the resolutions has been reached.
The ammendments, according to him, includes; “Using of the Nigerian Electricity Supply Industry (NESI) VAT proceeds to provide relief in electricity tariff. This is to leverage on the VAT from the NESI, the increases experienced by customers due to the transition to the Service Based Tariff will be reduced.That is Band A – 10 per cert reduction, Band B – 10.5 per cert reduction and Band C – 31 reduction.”
In addition, it was adopted that for the distribution of the first one million meters, the Ministry of Power was to liaise with Central Bank of Nigeria(CBN), Nigerian Electricity Regulatory Commission (NERC) and Nigerian Electricity Management Services Agency (NEMSA).
Ngige said: “On the issue of mandatory refund for any over billing during system transition by the DISCOs that NERC should implement immediately within October.
‘While on the freezing of customer band migration during the interim period that the revised NERC order will include specific guidelines on freezing band migration, ” he added.