ELECTRICITY

The Federal Government and Labour Unions have agreed to use proceed from Value Added Tax Value temporarily subsides electricity tariff for consumers for the next three months.
The resolution was arrived at Abuja at the end of a meeting of the Adhoc Technical Committee on Electricity tariff with Federal Government and representatives of the Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC.
The Minister of State for Labour and Employment, Festus Keyamo, presided over the meeting.
Major resolutions at the meeting includes, provision of a tariff relief package of about N10 .20 per kilowatt per hour for certain areas of electricity consumers for the next three months.
Other aspects of the resolution includes usage of VAT proceeds to temporarily subsidise electricity tariff pending when the government committee completes its tariff negotiation and other issues capable of affecting tariff adjustments in the country.
The meeting also agreed to provide salary, protection for all electricity workers, mandatory refund of overbilling and also billing of the unmetered customers in the country.
It will be recalled last month, NLC and TUC threatened to proceed on strike if the government does not halt electricity tariff hike and increase in petrol price.



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