The federal government of Nigeria has approved the implementation of a fresh hike in electricity tariff in the country. The upward review was confirmed by the chairman of the Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, on Wednesday who said the new rates are effective from January 1, 2024. Garba, however, added that the cost of kilowatt of electricity differs from one Electricity Distribution Company (DisCo) to the other, owing to their economic peculiarities. The chairman said: “The commission has issued a tariff order that was just posted on our website yesterday (Tuesday). “The tariff order contains the appropriate tariff the DisCos should be charging if they have to remain in business and the rules are very clear about the tariff order: some 110, some 120 and 130.