NERC: New Power Tariff Increases Will Result In a N1.14 Trillion Reduction In Subsidies By 2024

Thenews_chronicle | 05-04-2024 01:56am |

According to the Nigerian Electricity Regulatory Commission (NERC), the newly approved electricity pricing is expected to result in a N1.14 trillion reduction in the fiscal year 2024 subsidy. In a statement released on Wednesday in Abuja, Mr. Musliu Oseni, the Vice Chairman of NERC, made this announcement. To counteract the effects of macroeconomic shifts, Oseni [...]

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