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Reverse Decision on Withdrawal Of Subsidy On Power, Senate Urges F.G

by Judah Bamigboye
May 11, 2022
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The Senate Committee on Power has urged the Federal Government to go back on its decision to withdraw subsidy intervention for the sector.

This came as the Federal Government seeks to end tariff shortfall averaging N200 billion yearly in the sector by the end of 2023.

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The committee chairman, Senator Gabriel Suswam, during an interphase with stakeholders in the power sector, harped on the need to go back to the subsidy issue.

National grid collapse has continued to pose serious challenges, in spite of huge financial commitment by government.

Suswam said: “There are different explanations from different parastatals and the ministry. Nobody actually knows what the problems are.

“Nigerians have been subjected to very high epileptic service. The tariff has not abated. Rather, we hear rumours of tariff increase when Nigerians are not getting the energy they are paying for.”

The Minister of State for Power listed causes of the collapse and explained that Nigerian Electricity Regulatory Commission (NERC) has been directed to approve $50 million special gas pricing for the sector.

He explained further that the ministry is considering implementation of a new surveillance technology that will check vandalism.

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