Nigeria's electricity regulator hikes tariffs for wealthier consumers

Nigeria's electricity regulator on Wednesday approved an increase in electricity tariffs for wealthier consumers in Africa's most populous nation, it said in a statement. The vice chairman of the Nigerian Electricity Regulatory Commission (NERC), Musiliu Oseni, said the increase took effect immediately. for just under 15% of the customer population in the Nigerian electricity supply industry," Oseni said.

Nigeria's electricity regulator on Wednesday approved an increase in electricity tariffs for wealthier consumers in Africa's most populous nation, it said in a statement.

The vice chairman of the Nigerian Electricity Regulatory Commission (NERC), Musiliu Oseni, said the increase took effect immediately. "The commission has approved a rate review of 225 naira per killowatt hour from a maximum of 68 naira per kilowatt hour ... for just under 15% of the customer population in the Nigerian electricity supply industry," Oseni said.

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