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Hike in petrol, electricity tariff: Keyamo gives update after FG, Labour meeting

Festus Keyamo, Minister of State, Labour and Employment, has given an update on the meeting between the Federal Government and labour unions over the new price of fuel and electricity tariff.

Keyamo disclosed that representatives of government and labour adopted resolutions in the area of VAT being used to temporarily subsidize tariffs.

In a series of tweets, the minister listed provision of six million free meters to Nigerians, salary protection for electricity workers, mandatory refund for any over-billing during system transition by the Discos, among others, as some of the resolutions.

According to Keyamo: “At this time (11.15pm) the Govt team and Labour are meeting to consider the report of the Technical Committee on Electricity Tariffs set up two weeks ago and headed by my humble self ⁦(@fkeyamo⁩). We have presented our report to the larger house. Communique expected soon

“Labour and Government have adopted these Resolutions of the Adhoc Committee I chaired. Highlights include using VAT proceeds to temporarily subsidize tariffs whilst my Committee will work for two more
months to resolve other issues that may substantially affect tariff adjustments.

“Other immediate reliefs include provision of six million free meters to Nigerians, salary protection for electricity workers, mandatory refund for any over-billing during system transition by the Discos, monthly publication by NERC of allowed billing of unmetered customers, etc.”

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