FG Increases Electricity Tariff By Over 300%

The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in electricity tariff for customers under the Band A classification.

Musliu Oseni, NERC vice chairman, announced the approval during a press conference in Abuja on Wednesday.

Oseni said customers under the classification, who receive 20 hours of electricity supply daily, will now pay N225 per kilowatt (kW) — up from N66