BREAKING: SENATE URGES FEDERAL GOVERNMENT TO STOP PLANNED REMOVAL OF ELECTRICITY SUBSIDY

BREAKING: SENATE URGES FEDERAL GOVERNMENT TO STOP PLANNED REMOVAL OF ELECTRICITY SUBSIDY

The Senate has urged the federal government not to remove electricity subsidy given the present hardship in the country.

The resolution of the Senate followed its consideration and approval of a motion moved during plenary on the need to retain the subsidy on electricity in the country for the foreseeable future.

The Senate agreed to probe a failed agreement that would have seen local manufacturers produce Prepaid Meters that would have been distributed across the nation to better electricity usage.

Also to be investigated is the two-trillion naira subsidy which the Minister of Power says would be required to avoid a repeat of the fuel subsidy scenario still bedeviling the nation’s economy.

Following the resolves, the committee on power was mandated to equally investigate the 1.3 trillion naira owed by the ministry to generating companies and 1.3 billion dollars owed to gas companies.

The lawmakers agreed that the Federal Government should engage the Nigerian Electricity Regulatory Commission to come up with lasting solution to the energy billing system in the country.

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