Nigeria ranks low as 1bn people gained access to electricity in 10 years

Nigeria ranks low as 1bn people gained access to electricity in 10 years

Nigeria ranks low as 1bn people gained access to electricity in 10 years     Despite annual budget allocations to the power sector, the World Bank has listed Nigeria among the three countries with the largest electricity deficits in the world. It said during the last decade, over one billion people, a greater share of the global population gained access to electricity than ever before, but the number of people without electricity in Sub-Saharan Africa increased. The bank disclosed this on Monday in a report, titled ‘Universal access to sustainable…

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Electricity consumers condemns proposed tariff hike

Electricity consumers condemns proposed tariff hike

Electricity consumers condemns proposed tariff hike     Electricity consumers in Nigeria, on Sunday, “outrightly rejected” plans by the Nigerian Electricity Regulatory Commission (NERC) to review electricity tariffs for the 11 power distribution companies (DisCos), which is expected to lead to hike in the unit cost of power. Rising under two groups – the Energy Consumer Rights and Responsibilities Initiative (ECRRI) and All Electricity Consumers Protection Forum (AECPF) – the consumers kicked against the planned review, declaring it illegal and unjustifiable. There was no justification for any upward review of…

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DisCos reocup N1.27trn from Nigerians in 3 years

Electricity distribution companies collected a total of N1.27 trillion from customers in the last three years, data obtained from the Association of Nigerian Electricity Distributors on Thursday have shown. The association, said customers paid N363 billion in 2017, N437.9 billion in 2018 and N473 billion in 2019 as utility bills for connecting to and using the public electricity infrastructure. The Discos said the energy billed customers stood at 18,882 gigawatt-hours (equivalent to N597.3 billion) in 2017; 20,852 GWh (N661.6 billion) in 2018, and 21,702GWh (N695 billion) in 2019. The energy…

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Tariff increase: Discos get 85% collection order

The Nigerian Electricity Regulatory Commission has directed power distribution companies to collect an average of about 85.84 per cent of the newly increased electricity tariffs from affected customers between September and December. It disclosed this in its latest orders in the matter of the Extraordinary Review of Multi Year Tariff Order 2015, which were issued to the 11 Discos operating across the country. Power consumers, however, kicked against the tariff hike and the decision by NERC to grant approval to Discos to collect as high as over 80 per cent…

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Senate to begin 3-day probe into N1.8trn power intervention funds

Senate passes PIB

Beams searchlight on Ahmad, CBN, others The senate committee on power, said on Thursday that it has perfected plans to begin a three-day investigative hearing to probe how the N1.8 trillion injected into the power privatisation exercise by the federal government between 2013 till date, was utilised. The privatisation exercise was consolidated on September 13, 2013, during the tenure of former President Goodluck Jonathan. Gabriel Suswan, the chairman of the senate panel, told journalists after the meeting of his panel that the probe was not a punitive action. Suswan said…

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