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BREAKING: Tinubu Government Increases Electricity Tariff Amid Hardship in Nigeria

Tinubu Government has increased electricity tariff amid hardship in Nigeria.

TheTimes Nigeria reports that the Federal Government of Nigeria led by President Bola Tinubu through the Nigerian Electricity Regulatory Commission (NERC), has approved N225 ($0.15) per kilowatt-hour tariff increment for Band A electricity consumers in the country.

This online news platform understands that the Vice Chairman of the Nigerian Electricity Regulatory Commission (NERC), Musliu Oseni, who made this known at a press briefing in Abuja, the nation’s capital on Wednesday, April 3, 2024, said the increase will see the customers paying N225 kilowatt per hour from the current N66.

According to the NERC Vice President, customers in Band A who are those who enjoy 20 hours of electricity supply daily represent 15 percent of the 12million electricity customers in Nigeria.

The NERC Vice President further said that the NERC had also downgraded some customers on Band A to Band B due to non-fulfilment of the required hours of electricity provided by the electricity distribution company.

“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,” he said.

The NERC Vice President added that the upward review of the electricity tariff will not affect customers on the other Bands.

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