FG removes subsidy on electricity

The Nigerian Electricity Regulatory Commission has announced that the  Federal Government has removed subsidy on electricity.

The Chairman of the Commission, Sanusi Garba, said the review was conducted in line with multi-year tariff order that mandates that electricity tariff be reviewed every six months.

NERC’s confirmation comes as the nation continues to confront an energy crisis amid petrol queues, rising diesel costs and national grid collapses.

Mr. Garba said it is the duty of electricity distribution companies to inform their customers of tariff review outcomes and cost of power.

According to him, the poor state of electricity supply and grid collapses is due to vandalism of gas pipelines to power plants.

Source: FG removes subsidy on electricity – StocksWatch (stocksng.com)

Your Comment:

Related Posts