President Muhammadu Buhari and the leadership of the National Assembly have agreed on the need to delay the planned hike in electricity tariffs following a meeting at the presidential villa, Abuja this afternoon.
The hike had been slated to take off tomorrow Wednesday July 1, 2020 going by the announcement made by the Nigerian Electricity Regulatory Commission (NERC).
Speaking to State House correspondents after meeting separately with President Buhari and Vice President Yemi Osinbajo, both Senate President Ahmed Lawan and Speaker of the House of Representatives, Femi Gbajabiamila, affirmed that the effective date of the hike has to be postponed.
According to Gbajabiamila, both President Buhari and Osinbajo were on the same page with the National Assembly leadership on the deferment of the hike given the effects of the Covid-19 pandemic on the people.
The leaders expressed optimism that the people will be effectively carried along on why the hike has to be effected as it is to ensure stable electricity .
