Again, Government increases electricity tariff by over 50%

The Nigerian government has yet again approved an increase in electricity tariff payable by electricity consumers in Nigeria.

The Nigerian Electricity Regulatory Commission, NERC, approved over 50 per cent hike in electricity tariff payable by customers of the 11 Distribution Companies, DisCos.

Daily Trust reported that a Multi Year Tariff Order (MYTO) signed by the new Chairman of NERC, Sanusi Garba, on December 30, 2020, showed that the new tariff increase took effect on January 1, 2021.

The new increment is coming barely two months after the implementation of the controversial hike proposed last year.

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