NLC Demands Electricity Tariff Reduction Agreement Implementation By December

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The Nigeria Labour Congress (NLC) has said the Federal Government must implement by December, the agreement to reduce electricity tariffs by N15 per kilowatt-hour.

The NLC President, Ayuba Wabba, announced this in a statement titled ‘Gas sale to Gencos should be below $1.50/scf’.

According to the statement, “It is significant that the incessant increase of electricity tariff was one of the several issues discussed between the representatives of the Federal Government of Nigeria and organised labour, hereinafter referred to as the principals, on 28th September 2020.

It added that, “The principals accepted, among other recommendations that necessary actions should be taken to use efficiency to bring the gas price to below $1.50 per MMBtu.

The statement said the principals resolved that gas companies should be integrated into the Central Bank of Nigeria payment wallet of the Nigerian Electricity Sector Industry to guarantee payments for gas and contract sanctity of Gencos.

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