Through the Nigerian Electricity Regulatory Commission (NERC), the Federal Government yesterday approved an upward review in electricity tariff. NERC Chairman Sanusi Garba, who broke the news in Abuja, said it would cost the government between N120 billion to N130 billion monthly (N1.6 trillion) to subsidise electricity this year. Asked for how long the government will pay the subsidy, Garba said: “Any time the government takes a decision on subsidy, we will take it into consideration in our next tariff. “In other words, even if there is an upward review of…
Read MoreFG APPROVES HIKE IN ELECTRICITY TARIFF
