Electricity subsidy hits N1.6 trillion as NERC unveils new tariff order
The Nigerian government will pay as much as N1.6 trillion to subsidise electricity in the year 2024.
The Chairperson of the Nigerian Electricity Regulatory Commission, (NERC), Sanusi Garba, disclosed this while speaking at a press conference in Abuja on Wednesday.
NERC also unveiled a new electricity tariff plan payable by electricity consumers in the country.
The Multi-Year Tariff Order (MYTO) shows that the order takes effect from 1 January and shall cease to be effective on the issuance of a new tariff review…