News
Power Minister Assures Nigerians Of No New Tariff For Poor Electricity Supply
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Customers not enjoying 20 hours of electricity supply won’t pay new tariff
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Minister cites harsh economic realities as reason to halt proposed tariff hike
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Government implementing new policy to rescue struggling power sector
Eko Hot Blog reports that the Minister of Power, Adebayo Adelabu, has pledged that customers who do not currently have access to 20 hours of electricity supply will not be charged the new tariff.
While appearing before the Senate Committee on Power for a one-day investigative hearing on Monday, the minister underscored the necessity of halting the proposed electricity tariff hike by eleven successor electricity distribution companies, given the harsh economic realities in Nigeria.
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“The government had implemented a new policy to rescue the struggling sector, assuring Nigerians that the hardships would be temporary,” Adelabu stated.
This clarification arises as electricity consumers contend with the recent tariff hikes imposed by the Nigerian Electricity Regulatory Commission (NERC).
Additionally, the Minister mentioned, “If the tariff remained unchanged, the Federal Government would allocate ₦2.9 trillion to subsidize electricity expenses this year.”
Furthermore, he elaborated, “The government is concerned and has introduced the new policy as a measure to salvage the sector.”
The development follows NERC’s recent tariff hike for Band A consumers, raising their tariff from ₦68/KWh to ₦225/KWh, while Band A customers receive 20-24 hours of electricity daily, Band B subscribers enjoy 16-20 hours, and Band C customers receive 12-16 hours daily.
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The Minister’s assurance aims to alleviate the burden on Nigerian households struggling with inadequate electricity supply while the government works to revive the ailing power sector through its new policy initiatives.
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