The Nigerian Electricity Regulatory Commission (NERC) recently approved electricity tariff hike for Band A customers in Nigeria. Citing inflation and gas costs, NERC said the increment is necessary to cut subsidies. However, some Nigerians misunderstand the policy and criticise the timing amidst economic recovery. In this interview with NESG TV, Engr. Belije Madu, Thematic Lead of our Energy Policy Commission, discusses the significance of the hike and proposes strategies that can help consumers
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The Nigerian Electricity Regulation Commission (NERC) has disclosed that the federal government disbursed a total of N36 billion in the first quarter of 2023 to subsidise electricity consumption. According to NERC's quarterly report, the subsidy amounting to N12 billion per month was directed to the Nigerian Bulk Electricity Trading (NBET). Comment and Share #NewsCentralTV #AfricaFirst #Africa #Nigeria | News Central TV | Facebook
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