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Government to cut electricity tariff by 50 percent

17 March 2015, 19:26

Abuja - The Nigerian Electricity Regulatory Commission has announced that government will be cutting the electricity tariff by half, PremiumTimes reported.

The reduction will be taking effect end of March, which comes after several complaints about the increasing price of electricity in January.

Chairman of NERC, Sam Amadi, announced the review in Abuja, expressing that something needed to be done after industrial and commercial consumers had petitioned about the tariffs of electricity.

Also read: Increase in electricity tariff 

Public hearings were gathered from the petitions of which the commission gained information of how to cut the tariffs.

The commission will also remove collection loses from customer tariff under the multi-year tariff order.

Amadi further stated that businesses will not not feel threatened by electricity and job losses can be prevented.

For more on this story visit PremiumTimes 


- News24


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