Electricity Tariff Hike: ‘NERC Needs To Go Back And Rejig The Tariff’ – Economist, Ayalowo

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Naijanews April 16, 2024 11:11 a.m.

Electricity Tariff Hike: ‘NERC Needs To Go Back And Rejig The Tariff’ – Economist, Ayalowo

Recall that on April 3, 2024, NERCannounced a hike in the electricity tarifffrom ₦66 to ₦225 per kilowatt-hour for customers in Band A.

Ayalowo suggested that the government should reconsider its recently introduced 240% electricity tariff increase for Band A customers who receive 20 hours of power supply.

“I will suggest that the Minister of Power and Nigerian Electricity Regulatory Commission would have increased tariff marginally across the board, not cheating Paul to pay Peter as they are doing”, he stated..

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