The Nigeria Electricity Regulatory Commission (NERC) is to introduce new electricity tariff on June 1, its Chairman, Dr Sam Amadi, has said.
Amadi, who disclosed this in Abuja on Tuesday at a meeting with electricity generation companies in Nigeria, said the new tariff, tagged Multi-Year-Tariff-Order, would not affect low income earners.
According to him, the tariff would attract more investors, as power generation would increase in the country.
He said that the commission had already offered licences to more than 50 independent power producers, as part of efforts to improve power generation and distribution.
Amadi believed that engaging more power producers in the sector would ensure competition, boost quality transmission and efficiency in services to Nigerians.
One of the participants, Mr Adeyemi Adenuga, the Chairman of Geregu Power Station, said the electricity companies were ready to meet the conditions set by NERC before the new tariff regime.
He assured that the power stations would provide quality services, in line with the aspirations of Nigerians. (NAN)
Comments are moderated. Please keep them clean and brief.
Headlines Newsview all
According to Sahara Reporters, President Buhari has ordered for the arrest of his brother-in-law for allegedly extorting money from an unnamed businessman. One of Buhari’s close ... Full story
Members of the Nnaji family of Umuanekeode community in Ibagwa-Nike area of Enugu State on Friday ‘buried’ their kinsman, late Nnabuike Nnaji, without committing his ... Full story
Rate this article
- Video Footage Of 2nd Jos Bomb Blast
- Listen To Leaked Call Of Jim Iyke Cursing Out Emma Agu
- Wale Expected Back In Nigeria Soon To Release A Track With Olamide
Justin Gatlin ran the fifth fastest 200m time in history at the United States Athletics trials in Eugene, Oregon on Sunday. Gatlin bursted down the lane ... Full story
Triple MG co-owner, Ubi Franklin, may have made a name for himself in the Nigerian music industry though not as a singer, but as a ...
Winning in the Nigerian Idol musical talents show is such that required great and talented skills to outsmart competitors from all state of the federation. For ...
Nollywood actress, Grace Ama, has joined voices with the United Nations to call on families to be mindful of their youths at home on the ...
After the lingering family crises,Emmanuel Adebayor’s mother Alice and younger brother, Rotimi have apologised to the Tottenham Hotspur’s star following the visit of the delegation ...
Given their fame and success in their respective fields, these celebrities have managed to create a majestic place for them to live. Scroll Down for The ...
Nollywood actress, Alex Okoroji, who was once married to Omar Captan, Ghanaian actor, has stated that her marriage did not last up to two years ...
How many people can boastfully appreciate a product made in their country like proud Ghanaian actor, John Dumelo, who is so in love with his ...