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Home Government

NERC’s Tariff Reduction: A dark tiny ripple?

Nnaemeka OkwarabyNnaemeka Okwara
May 8, 2024
in Government
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NERC’s Tariff Reduction: A dark tiny ripple?
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Nigerians aren’t quick to forget the promises made by their  leaders  but accountability becomes a bad description. The recent reduction in electricity tariff by the Nigerian Electricity Regulatory Commission (NERC) has been hailed as a welcome relief by many Nigerians. The commission announced a reduction of N19 in the tariff payable by Band A customers, bringing the total end-user bills to N206.80 Kilowatt per hour (KWh). While this move is commendable, it is essential to examine the larger picture and ask: is this reduction enough to make a significant impact on the lives of Nigerians? However many call this move my the government a joke to our promised future.

Lots of Nigerians are skeptical about the power sector and fears that the unstable National grid would collapse just like the wall of Jericho. Many reaction has this to say –

  • This reduction is a joke! N19 is not enough to make a difference in our lives. We need a more significant reduction to feel the impact.” – Mrs. Funke, Lagos resident
  • “ I’m happy about the reduction, but I think it’s just a political move to appease us. The government needs to do more to address the root causes of the problem.” – Mr. Emeka, Abuja resident

The high cost of electricity in Nigeria has been a long-standing issue, with many households struggling to pay their bills. The previous tariff was seen as exorbitant, leading to widespread complaints and agitation. The reduction, while a step in the right direction, barely scratches the surface of the problem.

Nigeria’s electricity challenges go beyond just tariffs. The sector is plagued by inadequate supply, poor infrastructure, and inefficient distribution. The reduction in tariff does not address these fundamental issues, leaving many to wonder if it is merely a cosmetic change.

Moreover, the reduction only applies to Band A customers, who are largely high-end users. What about the majority of Nigerians who fall under Bands B and C? They will continue to pay the same exorbitant rates, perpetuating the cycle of poverty and inequality.

IN ESSENCE

The reduction is a short-term solution that fails to address the long-term sustainability of the electricity sector.

The sector requires significant investment in infrastructure, technology, and human capital to ensure efficient and affordable supply. The reduction in tariff does not provide a lasting solution to these challenges.

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Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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