"Please be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective 6th May 2024 with guaranteed availability of 20-24 hours daily," Ikeja Electric wrote in a notice to its customers on Monday.
The vice chairman of the commission, Musiliu Oseni, and chairman of the commission, Sanusi Garba, jointly signed the NERC order, which was published on Friday. It was dated April 29, 2024 and went into effect on May 1, 2024.
The story about Nigeria's electricity sector is characterised by the abject state of deficiency, corruption and potential that define it. And in every electoral cycle, it provides a talking point for politicians aspiring for public office.
Kama said the legislative motion on increase in electricity tariff seeks to address key issues surrounding the sudden hike in electricity prices in Nigeria.
I am strongly of the opinion that the regulator should position itself to support the industry to enable the operators to continue to deliver quality services to their subscribers. But the operators must have to work together, speak with one voice as they did in that letter, to place their demands before the Commission.