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The federal government’s contribution to plug in the revenue generation shortfall in the power sector in the second quarter of 2023 has increased to N135.2bn from the N36bn it paid in the first quarter of 2023. The figure was contained in the Nigerian Electricity Regulatory Commission (NERC) quarterly report. But experts have stated that the…
N491.8bn needed to provide 6m meter shortfall The federal government, through the Nigerian Electricity Regulatory Commission (NERC), increased the price of single-phase and three-phase pre-paid twice between 2021 and 2023 jerking up their prices by 83 per cent and 145 per cent, respectively. Daily Trust reports that the increase affected the Meters Asset Provider…