Addressing Nigeria’s power tariff adjustment

The Organised Private Sector in Nigeria has raised concerns over the impact of the recent hike in electricity tariff on households and businesses stressing the tariff review may force over 65 per cent of businesses in the country to shut down. Meanwhile, the Nigeria Electricity Regulatory Commission says Nigeria will need about 3.2 trillion naira as electricity subsidy this year if it reverses the recent hike in electricity tariff. Oti Ikomi, CEO of Proton Energy joins CNBC Africa to discuss Nigeria’s tariff regime and lingering power supply challenges.
Mon, 22 Apr 2024 11:52:47 GMT

Trending Tokens