The Nigerian Electricity Regulatory Commission (NERC), on Wednesday, released the 2024 electricity tariffs which showed that the Federal Government is to shoulder about N1.6 trillion subsidy this year to avert electricity tariff hike. In the tariff review applications of the 11 power distribution companies in Nigeria, the NERC revealed what it approved as their different cost-reflective tariffs and what was …

The Senate has asked the Federal Government to, as a matter of urgency, intervene and halt the proposed increase in electricity tariff by the 11 Distribution Companies (Discos). It also stressed the need to allow ordinary Nigerians to breathe, insisting that anything that would bring untold hardship to the citizens would be rejected in all its ramifications. The upper legislative …

The Oodua People’s Congress (OPC) has raised the alarm over a plan to further increase electricity tariff by the Distribution Companies (DisCos). It described the move as anti-people, oppressive, unjustified and aimed at discrediting President Bola Ahmed Tinubu’s administration. In a statement by its General Secretary, Comrade Bunmi Fasehun, OPC President, Otunba Wasiu Afolabi noted that the move had similarly …

A massive rush by electricity consumers to recharge their accounts ahead of the alleged planned hike in tariffs has sent the various platforms of the Distribution Companies (DisCos) into a gridlock, according to reports from across the country. Although speculations had been put today as the beginning of the planned tariff regime, the DisCos said they were yet to receive …

The Manufacturers Association of Nigeria (MAN) has warned that implementation of the proposed hike in electricity tariff by power distribution companies may force more multinational companies to relocate their factories outside Nigeria. MAN President, Chief Francis Meshioye told newsmenthat some international manufacturing firms had already exited the country due to the harsh operating environment including the power crisis, adding that …

There is confusion over the purported plan to hike electricity tariffs from 1 July. Yesterday, the DisCos clarified that they had not got the approval of the Nigerian Electricity Regulatory Commission (NERC) to hike tariffs. Also, the Abuja Electricity Distribution Company (AEDC) backtracked on its earlier announcement of a tariff increase, barely 18 hours after it issued a notification. An …

The Nigeria Labour Congress (NLC) has kicked against the alleged plan to increase electricity tariff by 40 per cent on 1st July. The Congress described the move as insensitive and callous, saying it reflected an organised indifference to the well-being of consumers, especially, the poor ones. A statement by its president, Comrade Joe Ajaero on Thursday in Abuja, read: “The plan …

The Vice President Yemi Osinbajo has said the newly constituted board of the Nigeria Electricity Liability Management Company (NELMCO) would enhance ongoing efforts to resolve the liabilities relating to tariff shortfalls for power distribution companies nationwide. According to a statement on Sunday by his Senior Special Assistant on Media and Publicity, Mr Laolu Akande, Osinbajo made the assertion in his …