18 Mar 2015

FG slashes electricity tariff by 50%

Chairman, NERC, Dr Sam Amadi    
Chairman, NERC, Dr Sam Amadi

  The Federal Government on Tuesday announced a reduction in electricity tariffs by 50 per cent.


It explained that the reduction which came barely two months after it cut the pump price of petrol by N10,   followed a series of complaints by electricity consumers.
The government through the Nigerian Electricity Regulatory Commission added that it took the decision after it removed the collection loss component of the Multi Year Tariff Order 2.1 of the affected Discos.

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