Close Menu
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
Facebook X (Twitter) Instagram
The Meridian Spy
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
The Meridian Spy
Home»Business»Nigerians May Pay More For Electricity As NERC Yet To Suspend Tariff Increase
Business

Nigerians May Pay More For Electricity As NERC Yet To Suspend Tariff Increase

Kennedy IgweBy Kennedy IgweMarch 31, 2020No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
Share
    

Share!

  • Share
  • Tweet

Nigerians will from Wednesday, April 1, pay more for electricity as the Nigerian Electricity Regulatory Commission NERC has yet to suspend its decision to increase electricity tariff despite lock down caused by the deadly coronavirus pandemic.

NERC had disclosed in its December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020 that the order was issued to reflect the impact of changes in the minor review variables in the determination of cost-reflective tariffs and relevant tariff and market shortfalls for 2019 and 2020.

According to checks by The Punch on Monday, the decision to increase tariff had not yet been suspended despite the lockdown occasioned by the COVID-19 pandemic.

A top source at Ikeja Electric told The PUNCH that the firm had not received any directive from NERC as regards reversal of the plan.

He said, “According to the tariff order for the year, we are supposed to increase on April 1, 2020. So far, we have not received any directive not to go ahead.”

Efforts to get NERC to speak on the matter were not successful on Monday as the spokesman for the commission, Usman Arabi, said he was not around but on a course at the National Institute for Policy and Strategic Studies.

Arabi’s substitute, however, did not respond to calls or a text message sent to him. Punch reports.

READ ALSO  Tight Monetary Policy Slashes Inflation by 10% – CBN

Share this:

  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Tweet

Related posts:

  1. FG Announces Closure Of Airports To International Flights
  2. Air Peace To Suspend Flight Services Amid Coronavirus Spread
  3. FG Begins Cash Transfer To Poor Households
  4. CBN Orders Suspension Of Cheque Clearing Indefinitely Over COVID-19 Lock Down
COVID-19 NERC
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Kennedy Igwe

Related Posts

Again, National Grid Collapses as Power Generation Drops to 24MW

January 23, 2026

$5bn Bonga S’West Project Gets Presidential Support

January 23, 2026

Tight Monetary Policy Slashes Inflation by 10% – CBN

January 23, 2026
Search
Recent Posts
  • Again, National Grid Collapses as Power Generation Drops to 24MW
  • $5bn Bonga S’West Project Gets Presidential Support
  • Tight Monetary Policy Slashes Inflation by 10% – CBN
  • NYSC, SMEDAN Deepen Partnership on Youth Empowerment
  • CCTV, Solar Street Lighting to Secure 1,068km Sokoto–Badagry Superhighway – FG
  • Fubara Survives Impeachment as Rivers CJ Declines to Set Up Panel
  • Nigerian Navy Expands Access to Primary Healthcare in Adamawa Communities
  • FG Pushes Local Power Components to Cut Forex Use
  • AFCON Names 3 Nigeria Players for 2025 Best XI team of the tournament
  • UK will not yield to Trump pressure over Greenland, says PM Starmer
  • FG Targets Capital Projects with ₦87.31bn Aviation Budget
  • DSS arrests Malami after release from Kuje prison
  • Anambra lawmakers set to review state law for enhanced devt.
  • 7 injured in Ondo as building collapses
  • NCC Unveils Spectrum Roadmap to Boost Digital Economy
Categories
  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Investigations
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sport
Access Bank DiamondXtra Season 16 Rewards
  • About us
  • Contact Us
  • News
  • Politics
  • Health
© 2026 All Right Reserved. Designed by Techjuno

Type above and press Enter to search. Press Esc to cancel.