Nigeria, Feb. 24 -- The Nigerian government has no feasible plan on how to fund the N1.7 trillion shortfall in cost consequent upon the adjustment in electricity tariffs announced by the Nigerian Electricity Regulatory Commission (NERC) last January, the electricity generation companies (GenCos) said in Abuja on Monday.

Last January, NERC announced a new multi-year tariff order (MYTO) it said would replace the previous one issued in 2015.

Although the statement announcing the new price regime said it would come into effect on January 1, the electricity sector regulator later said the deadline for the commencement of the implementation was rescheduled to April 1.

The federal government had given its commitment to continue to subsidise t...