Electricity tariffs to go up in April

by Omotayo Olaoye    January 05, 2011

The Nigerian Electricity Regulatory Commission will announce new tariffs in April, while the winding up of Power Holding Company of Nigeria’s operations may be concluded by the first quarter of the year, the Presidential Task Force on Power has disclosed. It was gathered that the tariffs will go up to a cost-reflective level to stimulate private sector investment in the electricity business.

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