The Abuja Electricity Distribution Company (AEDC) says it will increase tariffs due to the fluctuating exchange rate in the country. AEDC is one of the 11 power distribution companies in the
June 25, 2023 9:12 PMsays it will increase tariffs due to the fluctuating exchange rate in the country.
In a statement on Sunday, the distribution company said the upward review is needed due to the fluctuation of the naira in the exchange rate market.AdvertisementThe development comes after the Central Bank of Nigeria officially floated the naira andFor the first time in years, the local currency was allowed to trade at a rate determined by market forces.
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