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BREAKING: FG Announces 300% Increment in Electricity Tariff, Gives Breakdown

FCT, Abuja – The federal government, through the Nigerian Electricity Regulatory Commission (NERC), has announced an increment in the electricity tariff, which customers under the band A classification will have to pay....CONTINUE READING

Musliu Oseni, the vice chairman of the NERC, made the increment known at a press conference in Abuja on Wednesday, April 3.

Oseni said customers will now have to pay N225 kilowatt per hour instead of N66, which was being paid before, Daily Trust reported.

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In a document released by the commission and tagged “Eligible Customer Regulations 2024”, the new increment accumulated to over 300%. The document was signed by NERC’s chairman Sanusi Garba.

Band A customers are those who enjoy 20 hours of electricity supply daily.

According to Oseni, the band A customers represent 15% of the 12 million electricity customers in the country.

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Oseni also disclosed that the commission had downgraded some customers from band A to band B due to the failure to provide them with 20-hour electricity from the distribution company.

According to the NERC, the commission currently has 800 feeders under the band A category, but they have been reduced to 500. That means that those qualified for band A feeders are 17%.

He maintained that the feeder services only 15% of the total electricity customers connected to the feeders.

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Legit.ng earlier reported a fire outbreak at the Dan’agundi Transmission Station, a major electricity supply chain in Kano.

It was learnt that the fire had caused major damage to the advanced capacity transformers.

Kano is one of the relatively safe states in northern Nigeria; it has experienced little or no terror attacks.