•NERC admits insecurity, other challenges frustrating DisCosThe Federal Government is looking at ending tariff shortfall, averaging N200 billion yearly, in the power sector by the end of the year. This comes as the Nigerian Electricity Regulatory Commission (NERC) said emerging challenges, especially insecurity, are already frustrating the sector. The Secretariat of the Power Sector Recovery Programme (PSRP) disclosed that the government is considering that tariff shortfall comes to an end before the end of the year. “But we have been able to quietly implement subsidy removal in the electricity sector and as it is, as we speak, we don’t have subsidies in the electricity sector. He said the Federal Government initiated the PSRP with the support of the World Bank to increase access to adequate, reliable and affordable electricity in Nigeria.

Source: The Guardian April 21, 2022 04:44 UTC