Electricity tariff in Nigeria: See step by step guide to follow to resolve electricity overbilling problem
4 hours wey don pass
Wia dis foto come from, Getty Images
For long, electricity overbilling issue for Nigeria don become problem to many Nigerians.
Many don complain of how Electricity Distribution Companies alias Discos dey over charge dem for light wey dem no use .
Dis complaints lead to protests by electricity consumers for Rivers State on Wednesday as dem waka go di office of Port Harcourt Electricity Distribution Company, PHEDC come ask dem to pack comot for di state, sake of estimated billing and over billing.
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Okechukwu Nnodim, Abuja
Published 4:21 am
Power generation companies received N81.14bn as payment assurance from the Nigeria Electricity Bulk Trading Plc in 2020, the Nigerian Electricity Regulatory Commission has said.
NERC disclosed this in its latest Key Operational and Financial Data of the Nigerian Electricity Supply Industry: 2019-2020 obtained in Abuja.
NBET disburses payment assurance to power generators to enable the Gencos to meet their financial obligations to gas and equipment suppliers, banks and other partners.
NBET buys bulk power from Gencos and sells same to electricity distributors, who in turn distribute the commodity to end users at a bill approved by NERC.
Here are the Headlines:
Ghana’s Cedi emerges best African currency for 1st quarter 2021
Nigerians owe N273.42bn electricity debt in 2020
Nigeria’s external reserves dropped by $177.6m in March – CBN
Summary:
Despite the Central Bank of Nigeria warning to banks on staff lay-off, eight lenders in the country sacked at least 3,754 workers last year, Ripples Nigeria reports.
The CBN had in May last year warned banks against the sack of employees as speculation of mass retrenchment in the sector made the round following the onset of the COVID-19 pandemic in the country.
However, the total number of staff among the banks surveyed dropped by 7.31 percent from 51,350 in 2019 to 47,596 in 2020. Read more
Build 12 World-class Hospitals With $1.5billion Meant To Renovate Port Harcourt Refinery, Peterside Tells Nigerian Govt
Peterside said this on his Twitter page on Thursday while advising the government to sell the refinery to investors that could revamp it with their own funds.
by SaharaReporters, New York
Apr 02, 2021
The founder of Stanbic IBTC Bank Plc, Atedo Peterside, has said the $1.5 billion (about N600 billion) the Nigerian government plans to spend on the Port Harcourt refinery can be used to build 12 world-class hospitals at $125 million (N48 billion) each.
Peterside said this on his Twitter page on Thursday while advising the government to sell the refinery to investors that could revamp it with their own funds.
According to data on metering and electricity consumers obtained from the Nigerian Electricity Regulatory Commission (NERC) last Friday, there are 11,841,819 (11.8m) registered electricity consumers across the 11 Distribution Companies (DisCos) as of December 2020.
Out of this figure, 4,425,628 (4.4m) customers have gotten meters while 7,416,191 (7.4m) meters are still needed for the consumers.
However, the DisCos have said several millions of meters are needed to replace faulty and obsolete ones. A standard meter has a life span of 10 to 15 years before it can be replaced.
However, Daily Trust learnt that a lot of meters across the states are already in this moribund condition and would need to be replaced.