Power Sector Recovery Programme Milestones

  • June 2023

    2023 PSRP Financing Plan, prepared and approved.

    Financing Plan for the PSRP Programme for 2023 was prepared and approved.

  • December 2022

    Multi-Year Tariff Order Minor Review

    NERC released the Multi-Year Tariff Order (MYTO) effective from January 1, 2023. 

    December 2022

  • December 2022

    Tariff Shortfalls Further Reduced by 32%

    The tariff shortfall declined from N245 billion in 2021 to N166 billion in December 2022 releasing more government funds for education, health, and social protection.

  • July 2022

    PSRP Financing Plan has been approved

    Financing Plan for the PSRP Programme was approved, clearly identifying how the sector shortfalls will be financed.

    July 2022

  • June 2022

    Release of Multi-Year Tariff Order (MYTO)

     Release of Multi-Year Tariff Order (MYTO) effective from July 1, 2022. 

  • April 2022

    The PSRP website was launched.

    The website provides updated information about programme objectives, goals and activities, sector performance data, and reform milestones.

    April 2022

  • April 2022

    PSRP Media Workshop

    A one-day workshop was held with the media as part of the Nigerian public education process on the PSRP programme.

  • February 2022

    Second Disbursement by the World Bank Released

    The second disbursement by the World Bank under the PSRO was released bringing the total amount disbursed to $288 million.

    February 2022

  • February 2022

    The Government Engages CSOs to Get Support and Buy-in

    The government engages CSOs to get support and buy-in.

  • December 2021

    Tariff Shortfall Reduced by Half

    Tariff shortfall declined from N528 billion in 2019 to N245 billion in 2021- a reduction of 53%, moving the sector towards financial sustainability.   

    December 2021

  • December 2021

    NERC Issued Extraordinary MYTO Orders

    The 2022 MYTO order sets new electricity tariffs for 11 DisCos. Safeguards put in place for the poor continue.

  • December 2021

    Minimum Remittance Thresholds (MRTs) for DisCo Defined and Enforcement Begins

    NERC defined the minimum payments, from each DisCo to Nigerian Bulk Electricity Energy Trading Company (NBET) and will monitor and enforce payment discipline.

    December 2021

  • November 2021

    PSRP Financing Plan Approved

    It identifies how tariff shortfalls will be paid off and promote sustainable growth of the Nigerian Electricity Supply Industry, to free public funds for education, health and social protection programmes.

  • Effective 1st July 2021

    DisCo Performance Improvement Plans (PIP) Approved and Became Effective

    The DisCo Performance Improvement Plans allow DisCos to plan toward service improvements with measurable indicators.

    Effective 1st July 2021

  • May 2021

    PSRO Secretariat Established

    A team of technical experts was constituted to monitor and evaluate the Federal Government’s implementation of the PSRP.

  • March 2021

    The PSRP Finance/Technical Committee was Constituted

    The PSRP Finance/Technical Committee was constituted. 

    March 2021

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