NERC HOLDS PETITION HEARING FOR MANUFACTURERS ASSOCIATION OF NIGERIA

The Nigerian Electricity Regulatory Commission (NERC) has held a petition hearing at the instance of the Manufacturers Association of Nigeria (MAN). The association wrote to NERC demanding a reversal or indefinite suspension of the implementation of the new electricity tariff rate in the supplementary multi-year tariff order of 3rd April 2024.

During the petition hearing which took place at the NERC headquarters in Abuja, the association through its legal counsel and the Director General of MAN, Segun Ajayi-Kadir mni noted the reasons for writing the petition for the tariff reversal. Intervenors comprising representatives of power firms and power sector e xperts also presented their cases on the prevailing situation of the macro-economic indices against which the tariff adjustment was made. NERC Vice Chairman and chairman of the petition hearing team, Dr. Musiliu Oseni noted the submissions from MAN as well as from intervenors. According to him, based on the submission by MAN, and those from the intervenors, NERC will make a ruling on the petition during a thirty-day window plus an extension of fifteen days.