Electricity Tariff have been reduced By 50%

The Nigerian Electricity Regulatory Commission on Wednesday announced the immediate review of electricity tariffs by about 50 per cent.
What this means is that electricity tariffs of Nigerians has been slashed by half.
The Chairman of the Commission, Sam Amadi, who announced the review in Abuja, said the reduction will take effect from the end of March..

Mr Amadi said:

“The Commission has been listening to consumers’ complaints and taking full account of the impact of the high tariff on consumers and the Nigerian economy.”

“Therefore, the Commission has reviewed the basis of the MYTO 2.1 assumptions and has determined that it is inappropriate to transfer to consumers collection losses that are controllable by the DISCOs (distribution companies),” he announced.

Mr Amadi said:

“The Commission has been listening to consumers’ complaints and taking full account of the impact of the high tariff on consumers and the Nigerian economy.”

“Therefore, the Commission has reviewed the basis of the MYTO 2.1 assumptions and has determined that it is inappropriate to transfer to consumers collection losses that are controllable by the DISCOs (distribution companies),” he announced.