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Nigeria raised electricity prices to improve supply. Why it hasn’t worked

By Taiwo Hassan Odugbemi, Lecturer in Economics, University of Abuja

Nigeria’s electricity regulator triggered a big tariff shock in April 2024. It increased rates for some consumers by over 240%, citing the cost of producing and delivering power.

The regulator classifies consumers into five bands, A through E, based on how many hours of power their local distribution feeder receives each day. Band A gets…

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