Tag: nigeria electricity regulatory commission
The 14-day lock-down of businesses in Lagos, Abuja and Ogun states, announced by President Muhammadu Buhari will begin tonight at 11 pm. This is less than 48 hours to the planned hike in electricity tariffs announced earlier in the year, which kicks in on the 1st of April? Should the tariff hike still hold bearing in mind recent development around the COVID-19 outbreak and lockdown? Sam Amadi, Former Director General of the Nigeria Electricity Regulatory Commission 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.