Matters arising from new electricity tarrif in Nigeria

The Nation Newspaper Matters arising from new electricity tarrif in Nigeria

Quite sad that it’s the ‘freezer’ comment that’s totally dominated the headlines from yesterday’s Electricity press briefing. There was a lot more that was said, that’s useful to know, as background and basis for conversation and debate.

2. Total estimated electricity subsidy cost for 2024, without tariff adjustment: ~2.9 Trillion Naira 4. The Tariff increase has also been accompanied by a reduction in the number of Band A “feeders” — i.e. feeders guaranteed to supply a minimum of 20 hours per day — across the country. There were previously over 1,000 Band A feeders; now, only 481 are classified as Band A.6. Band A accounts for=15% of the 12 million electricity customers=approx 1.8m.

10. The pricing change will help address some of the liquidity issues in the industry; restore a “line of sight” for recovery of investment, and make it more “bankable”.

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