MAN Calls for Electricity Tariff Reduction, Caution on GDP Rebasing
The Manufacturers Association of Nigeria (MAN) has reiterated its determination to push for a reduction in electricity tariffs while cautioning the Federal Government against politicising the planned Gross Domestic Product rebasing process.
MAN’s leadership, during its...
According to the Ministry of Power, the Federal Government has acknowledged the requests of the Nigeria Labour Congress (NLC) for a reduction in electric tariffs.
FG Reduces Tariff for Band A Customers to N206.80/kwh
The Federal Government has approved a downward review in electricity tariff for Band A customers to N206.80/kwh, from N225/kwh.
Ban A customers are electricity consumers with a minimum supply of 20 hours daily.
In a notice to its...
Electricity Tariff Hike Reversal Requires N3.2trn – NERC
The Federal Government of Nigeria will need to come up with the sum of N3.2trn in 2024 to reverse the recent hike in electricity tariff, the Chairman of the Nigeria Electricity Regulatory Commission, NERC, Sanusi Garba said...
Electricity Tariff May Drop If Exchange Rate Falls Below N1,000 – Adelabu
The Minister of Power, Adebayo Adelabu, says the N225 Kilowatt-Hour being paid by electricity consumers on Band A will reduce if the exchange rate falls below N1,000 to a dollar.
Adelabu said this Thursday...
FG to Probe N2tn Subsidy as Senate Reject Electricity Tariff Hike
The Senate has kicked against plans by the Ministry of Power to approve the proposed hikes in electricity tariff by Distribution companies.
The Senate also rejected plans to remove electricity subsidy given the present hardships...
