The Nigerian Electricity Regulatory Commission (NERC) disclosed the 2024 electricity tariffs, revealing that the Federal Government is set to absorb a subsidy of approximately N1.6Trillion this year to prevent an increase in electricity tariffs. The tariff review applications submitted by the 11 power distribution companies in Nigeria were assessed by NERC, which disclosed both the approved cost-reflective tariffs and the commission's allowed tariffs, factoring in the government subsidy. | News
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