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Application Form for a Licence Nigerian Electricity Regulatory

Application Form for a Licence Nigerian Electricity Regulatory

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[Music] foreign thank you for staying with us now reactions are still trilling the announcement of a proposed tariff hike expected to have taking place from the 1st of July now about 11 Nigerian electricity distribution companies have applied to the Nigeria electricity Regulatory Commission nerc for a review of electricity tariff the disc schools are demanding a 40 hike approval citing losses from petrol prices that keep escalating as well as fluctuating exchange rates amongst other economic conditions the 2023 report made by the Nigeria electricity Regulatory Commission however states that between January 2020 and January 2023 tariff increased from 55 percent of cost recovery to 94 they also mentioned that without the Tariff reviews that commenced in 2019 subsidies payable by the the government would have grown to about 1 trillion naira per annum by 2023 or joining us in the studio to discuss more is a professor of energy and electricity law from the University of Lagos Professor yemi

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