The Nigerian people, accustomed to life with frequent interrupted power supply at homes and business places, except those few having private generators, are suddenly to pay more for electricity as a new tariff regime comes into effect on June 1, 2012.

Newly established Nigerian Electricity Regulatory Commission (NERC), an independent statutory body charged with the “responsibility of ensuring the provision of safe, adequate, reliable and affordable electricity,” is introducing a Multi-Year-Tariff-Order (MYTO) in addition to energy conservation strategies to reduce financial burden on electricity consumers. Also a Power Consumer Assistance Fund aimed at protecting the low income earners – something like subsidy will be put in place.

...what a national joke