300% electricity tariff increase in Nigeria impacts low-income families and businesses.

Nigeria recently experienced a 300% rise in electricity tariffs, severely impacting low-income families and businesses, who now spend over half their minimum wage on electricity. The Nigerian Electricity Regulatory Commission raised rates for Band A customers without adequate notice, causing widespread concern. Despite a nominal increase in the minimum wage, many find it insufficient against the backdrop of soaring living costs, particularly energy expenses.

October 14, 2024
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