NERC to hike electricity tariffs in June
The chairman of the Nigerian Electricity Regulatory Commission (NERC) Dr Sam Amadi made this known to journalists in Abuja on Friday.
Dr Amadi noted that the new tariffs have been worked out in a manner that Nigerians-especially those in rural areas-will not be over-burdened.
He also gave the assurance that the increase will come with improved service delivery.
According to Dr Amadi, “the new tariffs that we are expecting is predicated on service delivery and so we are already moving in that direction to ensure that by June, when the new tariff shall come into effect, there will be massive improvement in service delivery as we also hope the quantity of power will have also increased.”
The planned price hike is part of measures taken by the federal government in its reform of the power sector to make it profitable for investors.
However the exact tariffs and conditions are yet to be made public.
Dr Amadi also announced that the dispute between the residents of the Victoria Garden City (VGC) in Lagos and the Eko distribution company has been resolved with the company refunding N8 million to the residents for wrong billing.