The Nigerian Government Declares An Increase In Electricity Prices

The Nigerian Government Declares An Increase In Electricity Prices

The Nigerian Government Declares An Increase In Electricity Prices.

Increased electricity rates for consumers in the Band A category have been announced by the Nigerian Electricity Regulatory Commission, or NERC.

Vice Chairman of NERC Musliu Oseni declared that there will be a large rise in electricity rates on Wednesday during a press event in Abuja.

Customer payments for kilowatt-hours will increase from the current N66 to N225 as a result of this modification.

The statement reads:

“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.”

The Nigerian Government Declares An Increase In Electricity Prices.

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