The Nigerian Electricity Regulatory Commission (NERC) approves tariff hike for customers categorized under the Band A classification in Lagos State. The decision, announced by NERC’s Vice Chairman, Musliu Oseni, entails a rise from the current rate of N66 to N225 per kilowatt-hour (KW/h) for these customers.
Band A customers, 15% of the nation’s consumers, enjoy uninterrupted 20-24 hour power supply daily.
NERC aims to adjust tariffs to cater to Band A’s higher service quality, ensuring sustainable electricity distribution.
This adjustment aligns with NERC’s goal of enhancing transparency and fairness in the electricity sector.
It also promotes investment to improve infrastructure and service delivery.
Despite the tariff hike for Band A customers, NERC has assured that subscribers in other bands won’t be affected.
This move aligns with NERC’s goal of enhancing transparency and fairness in the electricity sector.
Additionally, it promotes investment to improve infrastructure and service delivery nationwide.
By ensuring that only Band A customers experience the tariff adjustment, NERC maintains fairness.
The commission’s efforts aim to uphold equitable electricity distribution and encourage sustainable development.
Amidst rising costs, the tariff hike seeks to incentivize investment and alleviate the financial strain of subsidies.
Additionally, it aims to enhance stability and efficiency, fostering economic growth and consumer satisfaction in the long run.
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