Higher electricity tariff expected in 2021

Written by on May 5, 2020

NIGERIANS WILL PAY A HIGHER TARIFF FOR ELECTRICITY IN 2021, GOING BY PROMISES MADE BY THE FEDERAL GOVERNMENT TO THE INTERNATIONAL MONETARY FUND WHILE SEEKING THE $3.4BILLION EMERGENCY FINANCIAL ASSISTANCE RECENTLY APPROVED FOR NIGERIA.

THE EXECUTIVE BOARD OF THE IMF APPROVED THE RAPID FINANCING INSTRUMENT, WHICH THE FEDERAL GOVERNMENT PLANS TO USE TO ADDRESS THE ECONOMIC IMPACT OF THE COVID-19 PANDEMIC IN THE COUNTRY, ON APRIL 28TH.

ONE OF THE PROMISES, OR COMMITMENTS, WHICH THE GOVERNMENT MADE IN A BID TO ASSURE THE EXECUTIVE BOARD OF THE IMF OF ITS READINESS TO REPOSITION THE NIGERIAN ECONOMY AFTER THE PANDEMIC, IS THAT NIGERIANS WOULD PAY FULL COST-REFLECTIVE TARIFF FOR POWER IN 2021.


Jamz Live

real radio . real people

Current track
TITLE
ARTIST

Background