The Nigeria Labour Congress has said the Federal Government must implement by December the agreement to reduce electricity tariffs by N15 per kilowatt-hour.
The congress cautioned that it would not accept the serial violations of agreements, noting that it was serving the government a notice.
The NLC President, Ayuba Wabba, disclosed this in a statement on Thursday titled ‘Gas sale to Gencos should be below $1.50/scf’.
He said, “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.
“Specifically, an agreement was reached at the meeting to set up an FGN-Organised Labour Technical Committee on Electricity Tariff.
“The technical committee thus set up on 28th September 2020 had a clear mandate to review several critical issues in the power sector and to suggest reforms that will provide succour to Nigerians over the short and long term.”
Wabba explained that the technical committee submitted its final report in January, noting that the Federal Government and labour met on February 22 and discussed the report.
The statement added, “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.
“Whereas, the Gencos are required to pay as much as $2.50 per standard cubic feet, other gas users, however, get the same at lower rates, ranging from $1.50 to $1.70 per scf.”
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