- Electricity distribution companies (DisCos) in Nigeria are not giving up on their proposed 40% tariff hike
- The DisCos will meet with the National Electricity Regulatory Commission (NERC) next week to push for the electricity tariff hike approval
- The discussion will also encompass strategies for DisCos to enhance their revenue
Electricity consumers are yet to breathe a sigh of relief as new information indicates that electricity distribution companies (DisCos) are still pursuing the Federal Government’s approval to increase tariffs.
In the last few weeks, there have been speculations of a 40% tariff hike by the DisCos, who claimed to have made over 40% losses due to escalating petrol prices, fluctuating exchange rates, and other economic conditions.
