The Nigerian Electricity Regulatory Commission (NERC) has fixed October 24 to conduct an investigative public hearing to address the incessant grid collapses
NERC says the new tariff hike is expected to reduce money spent on subsidy by about N1.14 trillion for the 2024 fiscal year.
The project is designed to provide uninterrupted power supply to customers in four local government areas of the state.
The ministry of power is working assiduously with the national council on power to send the policy to FEC for approval.
He noted the opportunity to deploy inter-connected and isolated mini-grids to deliver power closer to the point of use.
The Chief Electrical Inspector of the Federation, said Mr Tinubu was putting in place better and improved electricity supply services in the country.
“Customers must upgrade their prepaid meters by sequentially entering the two KCT tokens (KCT1 & KCT2).
The massive funding comes against the backdrop of persistent poor power delivery to many homes and industrial sectors in Nigeria.
“I know it will be a big relief for residents of this area. We are even considering our own electricity regulation commission (ERC), So everything is ready.”
Ms Mbah, said the TCN, as the Market Operator (MO), is mindful of the need to ensure the continued sustenance of the Nigerian Electricity Supply Industry (NESI).
