The federal government announced plans to review electricity bills for customers outside the Band-A category.
The proposed hike is intended to bring tariffs on other customer categories to the N206/KW paid by Band-A customers.
Minister of Power Adebayo Adelabu spoke in a public presentation of the National Integrated Electricity Policy (NIEP) and the Nigeria Integrated Resources Program (NIRP) in Abuja said that the government is no longer able to maintain N3 trillion subsidies in the power sector.
Adelabu stressed that as power generation and power generation grows by about 35% in 2024, ensuring commercial sustainability in the industry is crucial to sustained growth.
“We will check the tariffs again. I’m not saying we’re going to add tariffs before misquoting.
We will look at it and see how we can improve based on the modest achievements of last year, not only to ensure that we grow the industries we need, but also to ensure that we can invest more to improve all of this shabby infrastructure. ”
The migration to A band should be faster, but we found that the disco refused to invest. They refuse to invest in the field.
We need a lot of investment to accelerate migration of low-frequency clients to band A. This takes a lot of time. ” He said
