45% Electricity Price Hike: Court Directs NERC to revert to old rate

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The Federal High Court siting in Ikoyi has directed the immediate reversal of the 45 percent increase in electricity tariff by the Nigerian Electricity Regulatory Commission, NERC.

The court in its ruling on Wednesday described the increment as illegal adding that its implementation is a violation of its interim order.

The Nigerian Labour Congress which has been in opposition to the hike described the court’s ruling as “courageous and deserving of commendation”.

In a statement by the Labour President, Ayuba Wabba, he said: “We also consider it victory for the ordinary Nigerian who has been crushed by exploitative bills”.

The court furthe rin its ruing awarded a fine of 50,000 against the NERC and ordered it along with DISCOs to obey the judgement and revert to the old rates.

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