• April 20, 2024

BREAKING: FG Announces Over 300% Rise in Electricity Tariff

 BREAKING: FG Announces Over 300% Rise in Electricity Tariff

By Ikugbadi Oluwasegun

The Nigerian Electricity Regulatory Commission (NERC) has given the go-ahead to raise the electricity rates for customers in the Band A category by 340 percent.

This was disclosed in a press briefing in Abuja on Wednesday by Musliu Oseni, Vice Chairman of NERC, “he announced that there will be a rise in electricity tariffs. This adjustment will result in customers paying N225 per kilowatt-hour, up from the current rate of N66.

“We currently have 800 feeders that are categorised as Band A, but it will now be reduced to under 500. This means that 17 percent now qualify as Band A feeders. These feeders only service 15 percent of total electricity customers connected to the feeders.

“The commission has issued an order which is titled April supplementary order and the commission allows a 235 kilowatt per hour.”

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