The Acting Chairman of the Nigerian Electricity Regulatory Commission, Dr. Anthony Akah, has said the new tariffs approved for electricity consumers across the country will become effective on Monday and will enable the power distribution, generation and transmission companies to acquire needed infrastructure.
Akah, who said this when he led top executives of the regulatory agency on a courtesy call on the National Orientation Agency in Abuja on Thursday, also said there was no going back on the new tariffs.
The NERC boss said the lack of cost-reflective tariffs had hindered the electricity companies from acquiring the necessary infrastructure, adding that with the new tariffs, they would not have any excuse for not delivering on agreements they entered into with the government.
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