Federal Government increases electricity tariff by 50 percent

The Nigerian Electricity Regulatory Commission (NERC) has announced the increment of electricity bill by over 50 per cent across the country.

The commission under Ministry of Power has finally begun the enforcement a new Multi Year Tariff Order (MYTO).

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A revised MYTO and minimum remittance threshold payable by the Distribution Companies and signed by NERC Chairman, Sanusi Garba empowers the 11 DisCos to increase tariff by 50 per cent citing prevailing economic realities, especially inflation and exchange rate.