Nigeria In One Minute
No cost reflective tariff, no constant electricity’
A firm, Chibek Instruments Limited, has urged the government and other stakeholders in the nation’s Power sector to explore cost-reflective tariffs to get regular power supply. Its Chief Executive Officer (CEO) Charles Ibe said unless this is done, it would be difficult to solve liquidity challenge and daily rejection of transmitted load by Distribution Companies (DISCOs). Ibe told The Nation that a cost-reflective tariff would reflect the true cost of electricity supply and remove reliance on government subsidies. He said: “The day the Power sector will turn the corner is when the sector is run in a cost-reflective manner. The Nation, September 14, 2017
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