The Senate has called on the Transmission Company of Nigeria (TCN) and the Nigerian Electricity Regulatory Commission (NERC) to suspend the World Bank funded NMMP Phase 2.
The Senate noted that the suspension is necessary in order to undertake a comprehensive review of the procurement criteria to prioritise local manufacturing and assembling.
The Upper Chamber also ordered TCN and NERC to look towards the Central Bank of Nigeria (CBN) intervention funds or engage the African Export-Import Bank (AFREXIM).
Victor Umeh, Anambra Central had earlier sponsored a motion on the urgent need to protect local meter manufacturers in the ongoing national mass metering programme of the federal government.
House of Representatives at plenary on yesterday took steps to stop the planned electricity tariff hike by Distribution Companies (DISCOS).
The lower chamber urged the National Electricity Regulatory Commission (NERC) not to approve any increase in electricity tariff in Nigeria for the now.
