Electricity Distribution Companies in Nigeria have agreed to suspend the planned increase in electricity tariff after a meeting with the National Assembly leadership.
The DisCos agreed to suspend the increase till the first quarter of next year while the leadership of the National Assembly has promised to meet with President Muhammadu Buhari on the issue.
The DisCos, however, said if the planned hike is eventually deferred till next year, the government should continue to bear the difference in the present tariff and what was considered as the appropriate tariff.
According to the statement by the media aide to the President of the Senate, Ola Awoniyi, Mr Lawan, Speaker of the House of Representatives, Femi Gbajabiamila and other principal officers of the two chambers met at the National Assembly with the chief executives of the government’s electricity regulatory body and those of the DisCos across the country and succeeded in convincing the DisCos to defer the planned hike.
