The Nigerian Electricity Regulatory Commission has explained why the Federal Government increased the electricity tariff
In an interview with channels, the Vice Chairman for NERC, Musiliu Oseni stated that the electricity Act mandates the commission that the licensing operating are allowed to recover sufficient revenue for capital investment and operational cost and have return on investment they have made
”Section 116 subsection 2A of the electricity act, it mandates the commission that the licensing operating are allowed to recover sufficient revenue for the capital invested and the operational cost as well as having a return on the investment they have made”
Why FG Increased Electricity Tariff For Band A Customers
– Musiliu Oseni, Vice Chairman, NERC#PoliticsToday #ChannelsTVNews pic.twitter.com/ohb9VxLbB4
— Channels Television (@channelstv) April 3, 2024
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