Federal govt increases electricity tariff by 50%

FG increases electricity tariff by 50%

By Kingsley Jeremiah, Abuja |   05 January 2021   |   9:47 am
Although Nigerians are yet to come to terms with the last increase in electricity tariff, the Nigerian Electricity Regulatory Commission (NERC) has enforced a new Multi Year Tariff Order (MYTO), increasing electricity bill by over 50 per cent across the country.

A revised MYTO and minimum remittance threshold payable by the Distribution Companies and signed by NERC Chairman, Sanusi Garba empowers the 11 DisCos to increase tariff by 50 per cent citing prevailing economic realities, especially inflation and exchange rate.

The document dated December 30, 2020 overruled the previous order Order NERC/2028/2020

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