Buhari regime increases electricity tariff
The regime of President Muhammadu Buhari has announced an upward review in electricity tariff for power distribution companies.
This was contained in the data presented by National Electricity Regulatory Commission in the 2022 Multi-Year Tariff Order for Ikeja Electric, a distribution company covering parts of Lagos and Ogun States.
The upward tariff review is for all customer categories and will be effective from February 2022, spanning through December 2022, according to the document.
While some customers in major demand area were asked to pay N60.12 per kilowatt from N58.59, customers in low demand area have been asked to pay N57.52 per kilowatt from N55.87.
The rise was based on the DisCos’ Performance Improvement Plans and indicators such gas price, inflation, exchange rate, US inflation rate, and available generation capacity, according to the electricity regulators.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Customs hand over LPG consignment intercepted at Akwa Ibom to NMDPRA
Ms Okor-Odey described the handover as a practical demonstration of inter-agency cooperation and regulatory responsibility.
NationWide
Aviation unions oppose FG’s plan to abolish 5% ticket, cargo sales charges
Mr Ocheme said that any review of aviation charges must follow transparent statutory procedures.
States
NAFDAC warns Imo patent medicine dealers against selling fake, expired drugs
According to the NAFDAC boss, commercial interests must never justify endangering public health.
Economy
N1,300/$1: Naira would have become worthless without my policy, Tinubu says
Mr Tinubu announced the unification of exchange rates a few days into his administration in 2023.
Lagos
Customs boss decries 20-year abandonment of power equipment at ports
Mr Adeniyi described the abandonment of equipment procured with public funds as irresponsible.
NationWide
2027: INEC chairman restates commitment to improved staff welfare
Mr Amupitan disclosed that the commission had introduced a new salary structure.
