BREAKING: NERC Increases Electricity Tariff

The Nigerian Electricity Regulatory Commission (NERC) on Tuesday approved an increment in electricity tariff with immediate effect.

This was confirmed via a directive signed by Sanusi Garba, NERC chairman.

The commission stated that the new tariff will be enforced until the issuance of another minor review order or an extraordinary tariff review order by the commission.

The NERC said some of the indices considered for the upward review include Nigeria’s inflation rate, exchange rate, US rate of inflation, available generation capacity, gas price, MDA losses and capex adjustment.