The vice president of the Nigeria Electricity Regulatory Commission (NERC), Musiliu Oseni, says the hike in electricity tariff yesterday was to enable Distribution companies, DisCos, maintain their equipment and also pay for gas.
The increase, which was announced by NERC earlier on Wednesday, will see customers pay ₦225 kilowatts per hour, up from the current ₦66.
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Mr Oseni, who was speaking on a TV programme monitored by Radio Now’s Newsdesk, clarified that the tariff review affects only band A customers because they receive about 20 hours of electricity daily.
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