Reps Direct NERC To Halt Electricity Tariff Hike       The House of Representatives has asked the Federal Government to direct the Nigerian Electricity Regulatory Commission (NERC) to halt with immediate effect, the proposed increase in electricity tariff scheduled to take effect from June 2021. Adopting a motion...

NERC Okays N756bn Investments For 11 Power Firms       The Nigerian Electricity Regulatory Commission (NERC) has approved N756.74 billion Capital Expenditure (CAPEX) for the 11 Distribution Companies (DisCos) for the next five years in their Performance Improvement Plan (PIP). The projected investment directives were requested for by...

No Electricity Tariff Increase, Says Power Minister     At the backdrop of rumors of possible hike in electricity tariff, the Minister of Power, Engr. Sale Mamman, has indicated that the ministry is focusing on increased efficiency and not tariff. In a statement made available to Economic Confidential...

CBN N120bn Fund: Consumers Want Meters, Improved Power Supply       Power consumers and power sector experts have tasked the 11 power Distribution Companies (DisCos) on accelerating meter installations for the over eight million customers while improving power supply by enhancing their networks. This is coming on the...

NERC To Review Electricity Tariffs, Capital Expenditure In July       The Nigerian Electricity Regulatory Commission on Monday announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July. It disclosed this in its notice of Minor and Extraordinary Review of Tariffs for Electricity...

FG Spends N568.5bn Yearly On Power Tariff Shortfalls – W/Bank       The Federal Government of Nigeria is spending $1.5bn (N568.5bn at N379/$ exchange rate) annually to fund electricity tariff shortfalls, the World Bank has said. According to the global financial institution, this amount could further increase if...