Nigeria may disconnect Niger, Benin republics over N2 60bn electricity debt —NERC ripplesnigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ripplesnigeria.com Daily Mail and Mail on Sunday newspapers.
The Nigerian Electricity Regulatory Commission (NERC) says 4,234,759 electricity consumers were metered as of June 2020, out of the 10,516,090 that registered for meters.
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The Nigerian Bulk Electricity Trading Plc (NBET) payment shortfall to the electricity Generation Companies (GenCos) between January 2019 and September 2020 is N865billion, Nigeria Electricity Supply Industry (NESI) data has revealed.
Also, the data states that the eleven electricity Distribution Companies (DisCos) failed to remit a total of N870 billion within the period.
A key operational and financial data obtained from the official website of the Nigerian Electricity Regulatory Commission (NERC) disclosed that in 2019, the total sum of the invoice from 25 GenCos to NBET was an approximated N675billon from which only N174.3billion was paid, leaving a shortfall of N496.65billion.
BREAKING: FG directs reversal of electricity tariff adjustment BREAKING: FG directs reversal of electricity tariff adjustment
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The Minister of Power, Mr Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies (DISCOs) to revert to tariffs that were applicable in December 2020.
Mr Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a statement in Abuja, on Thursday.
He said that the reversal to the old tariff was to promote a constructive conclusion of the dialogue with the Labour Centres (through the Joint Ad-Hoc Committee).
“I have directed NERC to inform all DISCOs that they should revert to the tariffs that were applicable in December 2020 until the end of January 2021 when the FGN and Labour committee work will be concluded.