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Electricity tariff to rise in July; Invest in solar Now!

Solar energy will reduce your monthly electricity bill by over 75%. Electricity tariff may rise in July as the Federal Government considers options to revive the ailing power sector by injecting $7.6 billion (about N2.4 trillion) in five years.

The details are contained in the Power Sector Recovery Plan (PSRP), a document formulated in March by the Office of the Vice President and the World Bank Group (WBG). The Working Group for the implementation is being coordinated by the SSA to the President on Power at the Office of the VP, Damilola Ogunbiyi, and the Lead Energy Specialist at WBG, Kyran O

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