February 24, 2024
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ELECTRICITY

NERC Debunks Electricity Tariffs Hike Rumours in Nigeria

The Nigerian Electricity Regulatory Commission (NERC) has dismissed widespread rumours of an increase in electricity tariffs starting January 1st, 2024.

On Sunday morning, there were reports Nigeria’s electricity distribution companies (DisCos) reportedly planning to hike electricity tariffs nationwide with effect from January 1, 2024.

According to the reports, “All has been perfected for the new tariff to take effect from the first of January, 2024”.

However, Usman Abba, the spokesperson of NERC, told Business Day that the tariff hike rumours are fake news.

He debunked any approval for such a tariff hike, emphasising that the electricity tariff order currently in effect remains unchanged.

“NERC has not issued any order to DisCos concerning tariff hike; we usually have meetings with all stakeholders before any proposed increase, but we’ve not had any meeting with any DisCos concerning price increase,” Abba said on Sunday Afternoon.

 

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