Prepare fresh electricity price interest rate hikes-FG tells Nigerians

The federal government said it is planning to “increase the electricity cost within the next few months.

However, it said that the increase in the plan needs to be balanced by the subsidies of less popular power users.

According to Bloomberg, the special consultant of Olu Verheijen President Bola Tinubu to the African Energy Summit in Africa, Dar ES Salaam, Tanzana The person in charge Olu Verheijen said Nigeria proposed $ 32 billion in electricity in 2030 to expand the power connection.

According to the presidential assistant, Nigeria is trying to resolve tariffs that transition to cost -effective but higher cost to attract private investors.

She said: “In the next few months, one of the main challenges we want to solve is the transition to the cost -effective but higher tariff.

“Therefore, the industry has generated income required to attract private capital, and also protects people who poverty and fragile.”

This is the year after the federal government’s approval of the electrical price of customers under the leadership of A increased by three times.