The Nigerian Electricity Regulatory Commission (NERC) has dismissed the widespread rumours of an increase in electricity tariffs starting January 1st, 2024.
Reports have been rife that Nigeria’s electricity distribution companies (DisCos) are planning to increase electricity tariffs nationwide with effect from January 1, 2024.
According to the reports, “All has been perfected for the new tariff to take effect from the first of January, 2024”.
Speaking with newsmen, NERC spokesman, Dr. Usman Arabi, however disclosed that the tariff hike rumours was fake news.
Also, he categorically denied any approval for such a tariff hike, emphasising that the electricity tariff order currently in effect remains unchanged.
“NERC has not issued any order to DisCos concerning tariff hike; we usually have meetings with all stakeholders before any proposed increase, but we’ve not had any meeting with any DisCos concerning price increase,” says Abba.
No Plan To Raise Electricity Tariffs – NERC
