Federal Government to Increase Electricity Tariff by Over 200%

By Ikenga Chronicles October 24, 2016

Federal Government to Increase Electricity Tariff by Over 200%

The Federal Government is set to increase electricity tariff by over 200%. This would mean raising the average energy charge to N105 per kilowatt-hour from the current rate of 22.8KWH.

The fresh increase if implemented will see electricity tariff being paid by consumers increase over 200 per cent, less than eight months after about a 45 per cent increase in tariff was imposed on electricity consumers nationwide.

The power firms attributed the proposed increase to high inflation rate in the country, scarcity of foreign exchange, devaluation of the naira and the huge debts being owed them. Already, the Discos said they had hinted the Nigerian Electricity Regulatory Commission about the proposal but no action had been taken on it yet.

But the news of the proposed increase in electricity tariff has angered some Nigerians who have called on the minister of Power, Works and Housing, Babatunde Fashola to resign.

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