The Nigerian Electricity Regulatory Commission (NERC) on Wednesday assured the citizens of improved power supply from July 1, IgbereTV reports
The NERC Chairman, Sanusi Garba, gave the assurance at an interactive session with journalists after the Second Nigerian Electricity Supply Industry (NESI) meeting in Lagos.
The meeting was attended by top officials of NERC, Transmission Company of Nigeria (TCN), Generation Companies as well electricity Distribution Companies.
He said NERC had facilitated a contractual agreement between the Gencos, TCN, and the 11 DisCos that would guarantee the generation, transmission and distribution of an average of 5,000MW of electricity daily to customers effective from July 1.
The NERC chief said the contract was binding on all the players across the sector’s value chain and stipulates penalties for any party that defaults on the arrangement under the new regime.
Power supply in Nigeria has dropped significantly since the beginning of the year with many consumers, particularly in Lagos, enjoying less than 10 hours of power supply per week
