- Nigeria's power sector has lost at least N2 billion due to decline in electricity supply
- The nation's power supply dropped by 385.65 megawatts recently
- This came due to poor transmission infrastructure and shortage of distribution facilities
Following inadequate gas, poor transmission infrastructure and shortage of distribution facilities, there has been a decline of Nigeria's electricity supply from 3,993.65 megawatts,to 3,608.
Vanguard reports that according to a statement released by the office of the vice president, Yemi Osinbajo, the power sector has lost not less than N2, 162,000,000 due to the development.
Earlier, Legit.ng reported that Nigerians would begin to pay more for electricity consumption from January 2020 according to the Nigerian Electricity Regulatory Commission (NERC).
NERC sent the breadown of the new directive to the 11 Distribution Company (DisCos) all over the nation in a statement by its chairman, Professor James Momoh, on Saturday, January 4, The Nation reports.
The statement said this directive overshadows “other orders issued on the subject matter, and shall take effect from 1st January 2020 and shall have effect on the issuance of a new Minor Review Order or an Extraordinary Tariff Review Order by the NERC.”
It revealed that the upward review of the tariff is based on data it obtained from the Central Bank of Nigeria (CBN) and National Bureau of Statistics (NBS) with respect to average monthly inflation rate of 11.3 % and exchange rate of N309.97.
The Abuja Electricity Distribution Company (AEDC) residential customers R3 are now to pay N47.09. as opposed to the former N27.20 per unit, while the tariff for commercial residents has been increased from N27.20 per unit to N47.09.
The Ikeja Electricity Distribution Company (IKEDC) customers, the R3 category will now pay N36.92 per unit against the initial N26.50 charged in 2019.
NAIJ.com (naija.ng) -> Legit.ng: Same great journalism, upgraded for better service!
Nigerians share new year, vision 2020 expectations | Legit TV