If the House of Representatives follows through with their promise to pass a stimulus bill then, Nigerians may get free electricity supply for two months.
In a statement on Saturday, Speaker of the House of Representatives, Mr Femi Gbajabiamila, said the aim was to mitigate the effects of the COVID-19 pandemic on Nigerians and local businesses.
According to the speaker, the proposed bill is to help boost the economy through the informal sector as the country prepares for the aftermath of the coronavirus.
“The proposed bill is to be considered immediately the House reconvenes from its ongoing break, declared due to the pandemic.”
Gbajabiamila said the country could not afford to be unprepared for the effect of COVID-19 on its economy.
He explained that electricity, being a commodity consumed by every household, had a greater effect on the people and would have direct effect on the informal sector.
“It is one thing that will touch every household; as I said earlier, I discussed with the electricity Distribution Companies (DisCos) that packaged whatever they would require.”
“If the government can give them, for us to allow for two months free electricity for Nigerians, they would be able to guarantee it.”
“We have the figures, I think we should look very seriously into that as part of our package for economic stimulus.”
“This is because stimulus means something that will stimulate the economy and when you are stimulating the economy, most of it will come from the informal sector,” he said.
Source: SweetCrudeReports via CrudeMix