In July 2024, a widely shared graphic featuring the logo of the Nigerian Electricity Regulatory Commission (NERC) claimed that President Bola Tinubu had directed a 50% reduction in electricity tariffs across all bands to alleviate the cost of living. The message encouraged consumers to “stop paying the old rates” and to demand the new tariff from their respective Distribution Companies (DisCos).
NERC has officially debunked this report, stating that the graphic is a forged document. The Commission clarified that electricity tariffs are calculated based on several economic factors, including inflation, exchange rates, and the cost of gas. While the government has implemented some subsidies for lower-income bands, there has been no blanket 50% reduction for all consumers. In fact, the Commission reminded the public that the Multi-Year Tariff Order (MYTO) is the only legal framework for price adjustments and is reviewed periodically through a transparent process.
The DisCos also issued statements warning that relying on such fake news could lead to accumulated debts or disconnection for consumers who underpay their bills. Energy analysts noted that a 50% cut without a corresponding government subsidy to the generating companies would lead to the total collapse of the national grid. Citizens are urged to check the official NERC website or their DisCo’s verified customer service portals for any genuine updates regarding tariff changes.
