NERC Commits to Sustainable Power Sector on Independence Day
On October 2, 2026, the Nigerian Electricity Regulatory Commission (NERC) issued a statement congratulating Nigerians on the 66th Independence Anniversary, emphasizing its dedication to regulating a sustainable electricity sector. NERC stated it is “powering progress” and called for collective efforts to build the nation, urging Nigerians to “let’s power the Nigeria we are building.” The statement coincides with the Federal Government maintaining electricity bills at the levels set in July 2024, which has resulted in a significant tariff subsidy obligation.
According to NERC's report, the Federal Government incurred a N358.32 billion tariff subsidy obligation in the first quarter of 2026. This reflects ongoing efforts to support the electricity sector amid challenges in the industry.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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