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The Nigerian Government Approves Increase in Electricity Tariff

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Approval has been given by the Nigerian Electricity Regulatory Commission (NERC) for an adjustment in electricity rates for consumers falling under the Band A category.

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

This change will see customers now having to pay N225 per kilowatt-hour, a jump from the current rate of N66.

“We currently have around 800 feeders classified as Band A, but this number will be decreased to under 500,” remarked Oseni.

Only 17 percent of these feeders now meet the criteria for Band A. These specified feeders cater to just 15 percent of the total electricity consumers connected to them.

“The commission has released a directive known as the April supplementary order, permitting a 235 kilowatt per hour usage,” Oseni added.

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