By Ismail Auwal
The Nigerian Electricity Regulatory Commission (NERC) has on Tuesday approved a hike in electricity tariff across the country.
The NERC in a directive signed by Sanusi Garba, said that, the new tariff will take effect from January 1.
The commission noted that the new tariff will be enforced until the issuance of another minor review order or an extraordinary tariff review order by the commission.
it said that some of the indices considered for the upward review include Nigeria’s inflation rate, exchange rate, US rate of inflation, available generation capacity, gas price, MDA losses and capex adjustment.
Details later….
