Plans have been concluded to increase electricity
tariffs by as much as 40 per cent for some customers next month as a fall in
the value of the naira and rising costs hinder efforts to end daily blackouts
in Africa’s largest economy.
“We are working on the numbers and going through the
processes,” Bloomberg quoted the Chairman, Nigerian Electricity Regulatory
Commission, Dr. Sam Amadi, as saying.
According to him, some tariffs will increase by five
per cent, while others will see prices raised as much as 40 per cent, depending
on the electricity distribution companies and class of customer, adding that
the change in rates would take place mid-November.
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