LAGOS APRIL 6TH (NEWSRANGERS)-The President Bola Tinubu administration has hinted on another increase in electricity tariffs across the country. This comes barely 48-hours after the Nigerian Electricity Regulatory Commission (NERC) approved increase of electricity tariff for customers under Band A. The Minister of Power, Adebayo Adelabu, disclosed this during a press briefing in Abuja on…
LAGOS JUNE 19TH (NEWSRANGERS)-Nigerians may need to brace up for tougher times as electricity tariff is set to increase by over 40 per cent in the coming days, a development which may eventually end all forms of energy subsidy in the country. With a monthly subsidy of about N50 billion still in the electricity sector…
LAGOS APRIL 27TH (NEWSRANGERS)-The Nigerian Electricity Regulatory Commission (NERC) says it will introduce another tariff review for the 11 distribution companies (DisCos) in the country. In a notice posted on its website on Monday, the NERC said the extraordinary tariff review is as a result of changes in inflation, foreign exchange, gas prices, available generation…
LAGOS JANUARY 7TH (NEWSRANGERS)-The Minister of Power, Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies(DISCOs) to revert to tariffs that were applicable in Dec. 2020. Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a statement in Abuja on…
LAGOS DECEMBER 6TH (NEWSRANGERS)-There is confusion among electricity consumers and distribution companies over a fresh hike in electricity tariff. On Tuesday, a report by a national daily emerged saying that the Nigerian Electricity Regulatory Commission (NERC) has approved over 50 per cent hike in electricity tariff payable by customers of the 11 distribution companies (Discos)….
LAGOS AUGUST 26TH (NEWSRANGERS)-President Muhammadu Buhari, on Tuesday, approved the implementation of the proposed cost-reflective electricity tariff for the Nigerian Electricity Supply Industry (NESI). However, residential areas classified as “poor” will not be affected by the increase in tariff, TheCable understands. Also, Buhari has approved a one-year waiver of 35 per cent import tax for…
LAGOS JUNE 17TH (NEWSRANGERS)-The Minister of Power, Sale Mamman, has insisted that the new increment on electricity tariff would take off in July. He stated this on Tuesday at the Investigative Public Hearing on Power Sector Recovery Plan and the impact of COVID-19 pandemic organised by the Senate Committee on Power. Mamman said COVID-19 pandemic…
LAGOS JANUARY 6TH (NEWSRANGERS)-The Nigerian Electricity Regulatory Commission (NERC) on Sunday said no tariff increase was approved by the commission. It was reported that President Muhammadu Buhari-led Federal Government through the Nigerian Electricity Regulatory Commission, NERC, approved an increase in electricity tariff by the Electricity Distribution Companies, DisCos, in the country. The directive of the…