These changes have made it difficult for the Nigerian Electricity Regulatory Commission (NERC) to determine the new electricity prices. This increase is necessary for the electricity sector to cover its expenses. ADVERTISEMENTThe power sector is also facing challenges in meeting the target of supplying at least 5,000 megawatts per year. Experts are urging Nigerians to support the government's efforts to stabilize the economy, even if it means accepting higher electricity prices. They believe these measures are necessary to reduce the country's reliance on foreign exchange and promote a more efficient and accountable energy sector.

Source: The Guardian June 19, 2023 09:23 UTC