The federal government Thursday ordered the reversal of the new electricity tariff increase approved by the Nigerian Electricity Regulatory Commission (NERC).
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Minister of Power, Mr. Sale Mamman, who ordered the reversal said this would be so until the outcome of the negotiations between government and the organised labour.
In a statement by the Minister, old tariff would be in place until the issues on the increase are sorted out.
The minister however denied that the increase was by 50 percent.
On the other hand, NERC had claimed that the tariff was raised as a result inflation rate in the country.
The Minister of Labour, Dr. Chris Ngige had said few days ago that the federal government and the NLC would be holding a meeting following the hike on electricity tariffs announced this week.
The meeting is being summoned by the federal government as NLC and Trade Union Congress (TUC) threatened a showdown with government if it fails to reverse the increase.
The NLC President, Dr. Ayuba Wabba, had described the hike in electricity tariff as another killer for Nigerians.
He said, “In light of the heightened burden that this hike in electricity tariff imposes on Nigerian workers and people, we urge the federal government to quickly withdraw this uncanny New Year gift or face an unprecedented industrial resistance by Nigerian workers. Nigerians have bled enough already. We will bleed no more!.”