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BREAKING: Nigerian govt announces increase in electricity tariff

The Nigerian Electricity Regulatory Commission, NERC, has
given the go-ahead to raise the electricity rates for customers in the Band A
category.

 

During a press briefing in Abuja on Wednesday, the Vice
Chairman of NERC, Musliu Oseni, 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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