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Nigerian Electricity Regulator to Increase Tariffs in July 2021; The World Bank Projected Nigerian to Grow 1.1% in 2021....

Jan 11, 2021 04:36 PM
Nigerian Electricity Regulator to Increase Tariffs in July 2021; The World Bank Projected Nigerian to Grow 1.1% in 2021.... Nigeria, Electricity Tariff, Africa Business Radio, Economic Growth, World Bank

The Rouse of the new year 2021 began as a surprise to concerned Nigerians who woke to the news of a supposed 50 percent hike in electricity tariffs by the National Electricity Regulatory Commission after the revised Multi-Year Tariff Order signed by Sanusi Garba, an engineer, and chairman of NERC.

The commission also claimed that they are aimed at cushioning the effects of the pandemic while providing more targeted interventions for citizens review and its supposed tariff increase. The World Bank Says Nigeria is to grow by 1.1% this year and 1.8% in 2022. The forecasts are contained in the bank’s latest 2021 global economic

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