Ikeja Electric Releases List of Locations in Lagos with 24-hour Electricity as NERC Hikes Tariffs
- Ikeja Electric has released the list of places in Lagos where residents can enjoy about 20-24 hour power supply
- The company issued the 41 locations as Nigerians battle outages caused by irregular power supply
- The development follows the recent hike in electricity tariffs by the Nigerian Electricity Regulatory Commission (NERC)
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
Ikeja Electric, one of Nigeria’s biggest electricity distribution companies (DisCos), has released a list of 41 locations in Lagos where consumers can get between 20 to 24 hours of power supply daily.
Source: UGC
FG hikes tariffs for high-end users
BusinessDay reports that the company released the list of areas within its franchise territory in Lagos that enjoy regular power supply.
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According to reports, power companies will be allowed to increase prices to N200 per kilowatt per hour from the current N68 for urban consumers in April 2024.
Another report quoted sources as saying that the urban customers represent 15% of the population, and the Nigerian government says they consume about 40% of the country’s electricity.
Inadequate power supply has been the bane of the Nigerian economy as the rising subsidy burden has weighed on government finances, sapping capital from building critical infrastructure such as roads and health care.
Hike in tariffs to slash subsidy
This latest development sees the federal government cut down on the price distortions, which continue to exist despite privatising the sector into 11 distribution companies known as DisCos and several power generating firms, selling them to investors.
Bayo Onanuga, the presidential spokesperson, reportedly said that the regulator would make its decisions with the DisCos and power power-generating companies
Onanuga said the power sector is hurting, but the presidency cannot say anything about it.
ThisDay reports that the move to increase electricity tariffs may have come from the distribution companies that want to charge cost-reflective prices to improve their revenue.
The Nigerian Electricity Regulatory Commission (NERC) sets tariffs for the distribution and generating companies as the government pays the difference in terms of subsidy.
Ikeja Electric's list of places with regular power
1. Ijaiye
2. Ijaiye
3. Able-Taylor
4. Egbeda
5. Anifowoshe
6. Anifowoshe
7. Anifowoshe
8. Anifowoshe
9. Ogba I
10. Ogba II
11. Ogba III
12. Ojodu
13. Oregun I
14. Oregun II
15. Oregun III
16. Oregun IV
17. Oregun V
18. Oregun VI
19. OregunVII
20. Oregun VIII
21. PTC I
22. PTC II
23. PTC III
24. PTC IV
25. PTC V
26. Lasunwon
27. Odogunyan
28. Ago I
29. Ago II
30. Ajao
31. Idimu
32. Ikosi
33. Ilupeju I
34. Ilupeju II
35. Magodo I
36. Magodo II
37. Mende I
38. Mende II
39. Olateju
40. Oworonshoki I
41. Oworonshoki II
TCN announces date Nigerians will enjoy improved electricity
Legit.ng previously reported that the 53 ongoing power projects funded by the Central Bank of Nigeria (CBN) power intervention fund would be completed by May 2024, according to the the Transmission Company of Nigeria (TCN).
Matthew Ajibade, the TCN programme coordinator in charge of the initiative, made this known during a tour of three projects at Ojo, Isolo, and Oworonshoki transmission stations in Lagos on Wednesday, 6 December.
According to Ajibade, the project would improve the ability to transport electricity by over 1,000 megawatts upon completion.
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Source: Legit.ng
