The Nigerian Electricity Regulatory Commission (NERC) has approved the implementation of a new tariff increase of more than 50 per cent.
This is just two months away from making such an addition and the current one will expire in November.
Several Nigerian newspapers have reported an order signed by the new chairman of the commission, Engineer Sanusi Garba, on December 30, stating that the extension will be effective from January 1, 2021.
The commission said it had anticipated a 14.9 percent rise in commodity prices in November, a fall in the value of the naira to N379 to the dollar to December, and the strength of electricity supply, before adding to the cost.
This increase will apply to every class of fire users, unlike November, which does not apply to firefighters at the minimum level.
The increase in September – perhaps your money or your entertainment – has provoked strong reactions from citizens and trade unions, prompting the government to postpone it and enter into negotiations with the unions.
However, people were given extra until November after electricity companies reduced prices for 12 hours a day.
On the other hand, those who earn less than 12 hours a day are not overpaid, according to NERC.