Nigeria's electricity provider implements a tariff increase, citing rising costs and the need for sustainability. Customers across various bands will experience changes in their electricity bills.
Despite receiving approval from the Nigerian Electricity Regulatory Commission (NERC) to adjust electricity tariffs, effective January 1, 2025, the company announced the new rates. Customers in band A-Non MD, A-MD1 and A-MD2 will now pay N219.70/kWh, N236.41/kWh and N241.44/kWh respectively. For customers in band B-Non MD, B-MD1 and B-MD2 will now pay N210.46/kWh, N229.56/kWh and N234.07/kWh respectively. Also, band C-Non MD, C-MD1 and C-MD2 customers will now pay N180.77/kWh, N203.
89/kWh and N205.69/kWh respectively. This adjustment comes after the company previously stated its current tariff was unsustainable, impacting its ability to provide efficient and reliable electricity supply.
ELECTRICITY TARIFF NIGERIA COST INCREASE
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