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Nigeria misses 6 electricity tariff reviews as current prices become obsolete

…fair market price at N57.40 per kilowatt hour

electricity tariff

Since the power sector privatisation in 2013, the Nigerian Electricity Regulatory Commission (NERC) has failed to review electricity pricing six times under the Multi Year Tariff Order (MYTO) it instituted to price electricity, a failure that has fuelled illiquidity in the sector and caused shortfalls of nearly N1.4 trillion. According to the MYTO Rules, there…

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