Nigerian discos go off grid in search of profit15 June 2017
Nigeria’s utilities are looking to boost their revenues by selling power off-grid as they are hamstrung by low state-set electricity prices, which have made it impossible for them to turn a profit.
The Nigerian government has capped electricity tariffs in the country, and although distribution companies – known as ‘discos’ – are adopting the maximum price possible, they say it is still too low for them to break even. The severe depreciation in the value of the naira this year has effectively wiped out any gains provided by the 45% tariff increase the government introduced in early 2016.
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