Following the massive outrage over the new electricity tariff, the federal government and labour unions have agreed to temporarily subsidise the tariff for the next three months.
The resolution was arrived at the end of a long meeting of the ad-hoc technical committee on electricity tariff between representatives of the federal government, Nigeria Labour Congress (NLC), and the Trade Union Congress (TUC).
This was made known in a communique released by the minister of state for labour and employment, Festus Keyamo in a series of tweets via his Twitter account @fkeyamo on Monday, October 12.
According to Keyamo, labour unions and the Nigerian government agreed to use proceeds from the Value Added Tax (VAT) to temporarily subsidize electricity tariffs.
The minister went on to note that other resolutions adopted by the committee include the provision of a tariff relief package of about N10.20 per kilowatt-hour for Nigerians.
Other key resolutions are the provision of six million free meters to Nigerians, salary protection for electricity workers, a mandatory refund for any over-billing during system transition by the Discos, and monthly publication by NERC of allowed billing of unmetered customers, etc.