Thursday, 26 January 2017

Nigerian Electricity Regulatory Commission says, no steady power supply unless tariff rises



   The Nigerian Electricity Regulatory Commission, NERC, says that without an increase in electricity tariff payable by consumers or an intervention in form of subsidy from the Federal Government to the power firms, the country would not be able to get the steady power supply.

   This was disclosed by the Acting Chairman of NERC, Dr. Tony Akah during an oversight visit by members of the Senate Committee on Privatization at the Commissions headquarters in Abuja.
   According to reports, the Senate Committee rejected NERC’s position and called for the issuance of licences to more power investors in order to break the monopoly of the current operators.
   In his presentation to the committee, the Acting Chairman and Chief Executive of NERC, Dr. Tony Akah, said there was no miracle that the commission could do to ensure steady power supply, stressing that this was particularly due to the liquidity problem in the sector.

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