The Senate has requested the Federal Government reconsider the plan to increase electricity tariffs by removing subsidies.
The lawmakers have also decided to investigate a failed agreement that aimed to have local manufacturers produce Prepaid Meters for nationwide distribution to enhance electricity usage.
These decisions were made during Wednesday’s session, as part of a motion brought forward by Senator Aminu lya Abbas (PDP-Adamawa Central).
The legislators also agreed that the government should work with the Nigerian Electricity Regulatory Commission (NERC) to find a long-term solution to the energy billing system in the country.
Additionally, they will look into the operations of DISCOs to determine the current status of metering and their compliance with relevant laws and regulations, as well as the allocation of funds by the Federal Government for mass pre-paid metering.
The Senate will also investigate a two-trillion naira subsidy, as mentioned by the Minister of Power, Adebayo Adelabu, to prevent a situation similar to the ongoing fuel subsidy issue affecting the nation’s economy.
As a result of these decisions, the Senate Committee on Power has been tasked with investigating the 1.3 trillion naira owed by the Ministry of Power to generating companies and the 1.3 billion dollars owed to gas companies.
