Nigeria’s planned electricity tariff hike which was earlier scheduled for the first of July has been postponed until the first quarter of 2021. This decision was taken by the leadership of the National Assembly after a meeting with the regulators NERC, and representatives of electricity distributors. George Etomi, Director of the Eko Electricity Distribution Company joins me to discuss this story and more.
A Federal High Court in Lagos has passed a ruling ordering the Nigerian Electricity Regulatory Commission to retain its status quo in regards to the planned electricity tariff hike by the regulator. Chinedu Anaje, Managing Partner at A02 Law joins CNBC Africa for more.
The Nigeria Electricity Regulatory Commission (NERC) says there will be an increase in electricity tariffs by the first of April this year. The announcement came after the electricity regulator concluded its minor review of the multi-year tariff order of 2015 and the minimum remittance order for the year 2020. George Etomi, Director at Eko Electricity Distribution Company joins CNBC Africa’s Kenneth Igbomor to discuss the future of Nigeria’s power sector.
The Nigerian Electricity Regulatory Commission says it aims to close the existing five million metering gap, within the next three years.