Federal Government Implements 300% Increase in Electricity Tariffs, Effective Immediately

Federal Government Implements 300% Increase in Electricity Tariffs, Effective Immediately

The Federal Government has announced a significant increase in electricity tariffs, approved by the Nigeria Electricity Regulatory Commission (NERC). The new tariff, set at ₦225 per kilowatt-hour, marks a threefold increase from the previous rate of ₦66 for customers under the Band A category.

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This adjustment, which takes effect immediately, reflects the government’s efforts to address challenges within the electricity sector. Further details on this development will be provided shortly.

Read Also: President Tinubu Suspends Rural Eletrification Agency (REA) Managing Director and Team

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