Business
FG Plans New Power Tafiffs

Federal Government has announced that plans to evacuate stranded 2,000 megawatts are in top gear as an agreement on the tariffs that will be paid by eligible customer will soon be reached
Minister of Power, Works and Housing, Mr. Babatunde Fashola, who disclosed this at the just concluded 25th Power Sector meeting in Uyo, said the efforts had been so far productive.
Fashola revealed further that the Federal Government had met with Manufacturers Association of Nigeria, MAN, Distribution Companies, DISCOs, and Generation Companies, GENCOs, on how to implement the Eligible Customer Policy. He said implementation of the policy would increase connectivity to the 2,000 MW that is available.
He said: “While it is no longer news that we have reached a 7,000 MW generation capacity and have a 5,000 MW distribution capacity, what is newsworthy is that in the last month, we have met with Manufacturers Association of Nigeria, MAN, DISCOs, and GENCOs on how to implement the Eligible Customer Policy and increase connectivity to the 2,000 MW that is available.
“In many parts of the country connected to the grid, citizen feedback is positive, even though all the problems are not solved.”
‘’Citizens acknowledge more power in dry weather, reduced hours of running their generators and reduction in fuel (diesel and petrol) purchase to power generators.”
Meanwhile, the Federal Government has developed Meter Asset Provider regulation 2018, which implementations will fetch the Nigeria Electricity Supply Industry, NESI, over N200 billion investments in the next three years.