The Nigerian Electricity Regulatory Commission, NERC, has approved over 50 per cent hike in electricity tariff effective January 1, 2021.
The new tarrif hike regime is to be paid by customers of the 11 electricity Distribution Companies, DISCOs.
This is happening two months after the Commission forced implementation of much opposed hike on Nigerians in November 2020.
In a revised Multi Year Tariff Order (MYTO) signed by the new Chairman of NERC, Engr. Sanusi Garba, on December 30, 2020, the new tariff increase took effect on January 1, 2021, and supersedes the previous Order NERC/2028/2020.