Business
Estimated Billing: Group Flays DISCOs’ Refusal To Implement NERC’s Directive
A group known as the All Electricity Consumers Protection Forum, yesterday flayed electricity distribution companies (DisCos)’ refusal to implement the directive on capping of estimated bills to customers.
Its National Coordinator, Adeola Samuel-Ilori, in a statement issued in Lagos, said the companies had continued to issue exploitative bills to customers in spite of the directive by the Nigerian Electricity Regulatory Commission (NERC).
The Tide reports that NERC had directed the companies to limit the bills given to customers without meters, effective February 20, and issued different templates, depending on their areas of franchise.
Samuel-Ilori said that all the companies were served the order and later came out with templates on its implementation that was made available to stakeholders in the sector.
“The companies we have their templates are Ikeja Electric, Eko Electricity Distribution Company, Abuja Electricity Distribution Company, Ibadan Electricity Distribution Company, Kaduna Electricity Distribution Company, among others.
“As it is operational, all monthly bills of each month are distributed the following month which makes implementation as directed by NERC in the month of February impossible.
“Hence, we expected that it will reflect in March bill which is to be distributed in April,” he said.
According to him, feedbacks from customers across the country, however, indicate that customers are still subjected to exploitative estimated billing system.
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Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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