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Nigeria increases electricity tariff by 200%

The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in electricity tariff paid by Band A customers from N68/KWh to N225KWh.

Band A are those customers who enjoy electricity supply for 20 hours per day.

Mr Musliu Oseni, Vice Chairman, Nigerian Electricity Regulatory Commission (NERC) said this at a news conference on Wednesday in Abuja.

Oseni said these customers represent 15 percent of the 12 million electricity customers across the country.

He said the commission had also downgraded some customers on Band A to Band C.

Oseni said that this was due to non-fulfillment of the required hours of electricity provided by the Electricity Distribution Companies (DisCos)

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