Nigeria: Much Ado About Electricity Tariff Increase

business and economy
[This Day] The Nigerian Electricity Regulatory Commission recently announced an increase in electricity tariffs. While instituting an effective cost-reflective tariff is very critical to the improvement of the electricity sector, it must go hand in hand with commensurate improvement in quality of electricity supply. Over the years, and even more so now, the country's electricity industry has grown into a massive uncompetitive sellers' market, characterised by price takers, asymmetric information and heavy barriers to