{"id":3927,"date":"2017-11-28T12:43:29","date_gmt":"2017-11-28T19:43:29","guid":{"rendered":"http:\/\/nigerianews.ca\/?p=3927"},"modified":"2017-12-07T10:09:39","modified_gmt":"2017-12-07T17:09:39","slug":"prepare-payhigher-electricity-tariff-osinbajo-tells-nigerians","status":"publish","type":"post","link":"https:\/\/nigerianews.ca\/prepare-payhigher-electricity-tariff-osinbajo-tells-nigerians\/","title":{"rendered":"Prepare to pay higher electricity tariff, Osinbajo tells Nigerians"},"content":{"rendered":"<header class=\"entry-header\">\n<div class=\"entry-thumbnail\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"attachment-860x800 size-860x800 wp-post-image\" style=\"margin: 0px auto;padding: 0px;border: 2px solid #f9f9f9;font-weight: inherit;font-style: inherit;font-size: 14px;font-family: georgia, 'times new roman', times, serif;vertical-align: baseline;float: none;width: auto\" src=\"https:\/\/i2.wp.com\/media.premiumtimesng.com\/wp-content\/files\/2017\/07\/Yemi-Osinbajo-1-1.jpg?fit=860%2C484&amp;ssl=1\" alt=\"Yemi-Osinbajo (1)\" width=\"860\" height=\"484\" \/><\/p>\n<div class=\"caption\">Nigeria Vice President, Yemi Osinbajo<\/div>\n<\/div>\n<\/header>\n<div class=\"top-middle-outer\">\n<div class=\"entry-content manoj single-add-content\">\n<div class=\"single-related\">\n<div id=\"jp-relatedposts\" class=\"jp-relatedposts\">\n<p class=\"jp-relatedposts-headline\">November 28, 2017:\u00a0 Vice President Yemi Osinbajo on Monday said payment of high electricity tariffs is inevitable for Nigerian electricity users. Mr. Osinbajo said this while speaking at the Sixth Presidential Business Forum held at the old Banquet Hall of the Presidential Villa, Abuja.<\/p>\n<\/div>\n<\/div>\n<p>A statement signed by Laolu Akande, the vice president\u2019s media aide, quoted Mr. Osinbajo as saying that the government is, however, trying not to increase electricity tariff for now.<\/p>\n<p>\u201cListening to questions concerning lower tariffs, we must pay higher tariffs, these sorts of things are inevitable,\u201d Mr. Osinbajo said.<\/p>\n<p>\u201cWhat we are trying to do is not increase tariffs for now, but how we can ensure we clean up the entire value chain. I\u2019m sure you are aware of the Payment Assurance Guarantee which we put in place for over N700 billion to ensure gas is paid for and for liquidity in the whole value chain.<\/p>\n<p>\u201cToday, we will be meeting with the World Bank on a scheme they have been working with us on to fund the entire value chain, and ensure we transit smoothly from where we are, to a much more market-determined policy for electricity. This will involve a fair amount of subsidy and help, the Federal Government and World Bank are working together on that. There is no way of sustaining the current subsidies long term, but we want to ensure the process is smooth.\u201d<\/p>\n<p>PT<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria Vice President, Yemi Osinbajo November 28, 2017:\u00a0 Vice President Yemi Osinbajo on Monday said payment of high electricity tariffs is inevitable for Nigerian electricity users. Mr. Osinbajo said this while speaking at the Sixth Presidential Business Forum held at the old Banquet Hall of the Presidential Villa, Abuja. A statement signed by Laolu Akande, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[66],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Prepare to pay higher electricity tariff, Osinbajo tells Nigerians<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nigerianews.ca\/prepare-payhigher-electricity-tariff-osinbajo-tells-nigerians\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prepare to pay higher electricity tariff, Osinbajo tells Nigerians\" \/>\n<meta property=\"og:description\" content=\"Nigeria Vice President, Yemi Osinbajo November 28, 2017:\u00a0 Vice President Yemi Osinbajo on Monday said payment of high electricity tariffs is inevitable for Nigerian electricity users. 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