The Federal Government of Nigeria has given a directive for the reduction of electricity tariff for customers under the ‘Band A’.
It may be recalled that in April, the Nigerian Electricity Regulatory Commission (NERC), had announced an increase in the tariff, noting that consumer will be charged N225/Kwh, with a daily supply of a minimum of 20 hours power supply.
However, in a notice Ikeja Electricity Distribution Company made available on Monday, per the newly approved review, Band A customers are now to pay N206.80/Kwh.
It said; “Please be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective May 6, 2024, with guaranteed availability of 20–24 hours of supply daily. The tariffs for Bands B, C, D, and E remain unchanged.”
