The Nigerian Electricity Regulatory Commission (NERC) has given the green light for an increase in electricity tariff for customers falling under Band A.
During a press briefing held in Abuja on Wednesday, April 3, 2024, Musliu Oseni, Vice Chairman of NERC, announced the approval of the tariff hike.
Under the new directive, customers within Band A will now be charged N225 per kilowatt-hour, a significant increase from the previous rate of N66.
Band A customers typically enjoy 20 hours of electricity supply daily, constituting approximately 15 percent of the country’s 12 million electricity customers.
Oseni further elaborated that the commission has issued an order titled “April Supplementary Order,” authorizing the adjustment to 235 kilowatt-hours.
More details on this development are expected to be released shortly. Stay tuned for updates.
