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FG’s tariff freeze pushes power sector subsidy to N1.94trn in 2024-NERC

BY MOTOLANI OSENI The Federal Government’s decision to freeze electricity tariffs for most consumer categories has triggered a dramatic rise in subsidy spending, with the Nigerian Electricity Regulatory Commission (NERC) reporting that the subsidy bill surged to an all-time high of N1.94 trillion in 2024. According to NERC’s latest report, the freeze—initiated in December
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NERC Fines AEDC N200 Million For Alleged Violation

Abuja Electricity Distribution Plc (AEDC) has been fined N200 million by the Nigerian Electricity Regulatory Commission (NERC) for violating tariff regulations. Naija News reports that NERC announced this penalty through a statement released on Friday via its official communication channel. Abuja Electricity Distribution Plc (AEDC) has been fined N200 million by the
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FG orders electricity tariff reversal

Doosuur Iwambe, Abuja The Federal Government has ordered the Nigerian Electricity Regulatory Commission (NERC) to direct all Electricity Distribution Companies (DISCOs) to revert to tariffs applicable in December 2020. The Minister of Power, Mr Saleh Mamman, who issued the directive in a statement on Thursday stated that the reversal to the old tariff was to […]
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No increase in electricity tariff, NERC clarifies

*Nigerians kick, urge revolution in power sector Doosuur iwambe, Abuja Nigerian Electricity Regulatory Commission (NERC) has debunked reports that it had approved the increase of tariff by 50 per cent. The commission, in a statement on Tuesday stated that such increment was not contained in the tariff order for electricity distribution companies which took effect […]
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NERC approves new tariff increase for IBEDC consumers

Doosuur iwambe, Abuja The Nigerian Electricity Regulatory Commission (NERC) has approved a minor review of electricity tariff for Ibadan Electricity Distribution Company (IBEDC), increasing electricity cost for consumers under the franchise area. IBEDC franchise area includes Oyo, Ogun, Osun, Kwara and parts of Niger, Ekiti and Kogi states. NERC in an order (NERC/225/2020)