Premium electricity consumers categorised as Band A customers are embracing solar power as an alternative source of energy following the recent tariff hike as well as the high cost of fuel,
In Nigeria, the average person is gradually losing the ability to afford electricity as they still struggle to pay for other essentials of life.
Since April, many people have seen an increase in their electricity costs of over 300 percent as a result of the government’s decision to stop providing subsidies for electricity in areas covered by Band A feeders.
Recall that, the Nigerian Electricity Regulatory Commission, in its supplementary Multi-Year Tariff Order for April, raised the tariff in Band A to N225 per kilowatt-hour from N68.
FG plans to spend more on debt servicing, capital expenditures
The Federal Government has outlined plans to allocate a significant portion of its budget to debt servicing over the next...
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