The Federal Government has slashed electricity tariff by 50%. Nigerian Electricity Regulatory Commission Chairman, Sam Amadi who announced the review of the tariff in Abuja said the reduction will take effect from the end of March.
“The Commission has been listening to consumers’ complaints and taking full account of the impact of the high tariff on consumers and the Nigerian economy.”
“Therefore, the Commission has reviewed the basis of the MYTO 2.1 assumptions and has determined that it is inappropriate to transfer to consumers collection losses that are controllable by the DISCOs (distribution companies),” he stated.