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On April 3, 2024, NERC implemented significant tariff changes, primarily affecting Band A customers of distribution companies (DisCos), with an increase of over 240% in rates—from ₦66 to ₦225 per kWh ...

Nigeria's power sector advances through regulatory reforms and financial restructuring. NERC's revised order directs distribution companies to allocate earned revenues toward capital expenditure, while the Federal Government completes a ₦728.9 billion bond issuance to settle legacy debts. Edo State operationalizes its electricity market under state-level regulation, and Nigeria launches a $300 million fund to scale distributed renewable energy investments.