This will also include clarifications on the reasons for variance in electricity tariff across DisCos. The committee shall explore ways to accelerate investment and bring more players into the sector, drive investment and reduce costs for end-users. The committee will also investigate and recommend ways for the electricity sector to receive incentives that will reduce costs across the value chain that will benefit the end user. This is as analysis by The Guardian showed the Federal Government could spend as much as N26 billion to offset the tariff suspension for three weeks. This development, according to him, has exposed the sector to ridicule and distrust before the investment community.

Source: The Guardian October 13, 2020 04:07 UTC