Electricity tariff to go up by 300% - 9jaflaver





Light Dark

WELCOME TO 9JAFLAVER

PREMIUM BEATS  |  NEWS  |  SOCCER LIVE-SCORE   |  MOVIES   |  +18 ADULT LEAKS   |   INSTALL 9JAFLAVER MUSIC APP   |  HOTTEST 100 SONGS  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  JOKES  |  LATEST COMEDY VIDEOS  |  NIGERIAN MUSIC ARTISTES  |  







Get New DJ Mixes



Electricity tariff to go up by 300%

    Posted by on April 3, 2024,



Electricity tariff to go up by 300%

The federal government has reportedly approved power companies’ move to raise electricity prices to N200 ($0.15) per kilowatt-hour from N68 for urban consumers this month. 

Bloomberg news agency reported that these customers represent 15% of the population that the government says consume 40% of the nation’s electricity. 

The report added; 

“Nigerians will now have to pay $2.42 per one million British thermal units from the previous rate of $2.18 MMBtu. Power firms aren’t allowed to charge enough to recover the cost of distributing electricity, with the government paying the difference as a subsidy to companies in the sector. 

“The government has in the past said that electricity companies are short of an estimated two trillion naira in capital and need new investors to revive the industry.” 

This is coming after the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced an increase in the price of natural gas, which is used to generate more than 70% of electricity in Nigeria.







Get New DJ Mixes



Promote Article, Music, Video, Comedy Skit & Virals
Call: +2348143945195 Or +2349027283345

Whatsapp: +2348143945195























DMCA.com Protection Status

© 2014-2023 9jaflaver. All Rights Reserved.


About us | DMCA | Privacy Policy | Contact us

| Advertise| Request For Music | Terms Of Service


9jaflaver is not responsible for the content of external sites.