Dec. 14, 2023
The National Electricity Regulatory Commission (NERC) says it reduced fiscal burden on the government from N528 billion to N155 billion in 2022.
“Without our actions, the subsidy would have been in the region of N665 billion.”
Sanusi Garba, NERC Chairman, said this during the ongoing Ministerial Retreat on the Integrated National Electricity Policy and Strategic Implementation Policy.
He added that liquidity in the market has moved from N282 billion in 2015 to N900 billion now.
“We have also created a mechanism for enforcing payment discipline in the industry. This has seen disco revenue improve greatly,” he noted.
