- Tinubu Govt Dismisses Reports of Fresh Electricity Tariff Increase
- FG to Retain Electricity Subsidies for Non-Band A Consumers
- The Presidency also reaffirmed its commitment to ongoing reforms in the electricity sector
The Presidency has dismissed reports suggesting that the Federal Government plans to increase electricity tariffs for grid connected consumers, insisting that no such decision has been taken.
Eko Hot Blog reports that in a statement issued on Saturday in Abuja, the Special Adviser to President Bola Tinubu on Power Infrastructure in the Office of the Vice President, Sadiq Wanka, said reports of a fresh tariff hike misrepresented comments he made during the Asharami Square 3.0 event held in Lagos on July 22.
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According to Wanka, his presentation focused on investment opportunities in Nigeria’s power sector and the impact of ongoing reforms aimed at attracting more private sector investment across the electricity value chain.
He explained that he only restated the tariff policy contained in the National Integrated Electricity Policy (NIEP), which was finalised in December 2024 and approved by the Federal Executive Council in May 2025.
Wanka noted that while the policy supports a gradual transition to cost reflective tariffs, there are currently no plans to increase electricity tariffs for consumers in any service band.
“There is no planned tariff hike for any grid consumer across any service band. The government remains committed to protecting vulnerable households through continued tariff support,” the statement read.
He added that the Federal Government has no plans to remove subsidies for consumers outside Band A and is instead exploring more effective ways of delivering targeted support.
According to the presidential aide, the Power Consumer Assistance Fund (PCAF), established under the Electricity Act 2023, will provide subsidies directly to vulnerable consumers through their electricity accounts or other identity linked platforms, ensuring greater transparency and efficiency.
The Presidency also reaffirmed its commitment to ongoing reforms in the electricity sector while calling on journalists and media organisations to provide accurate and balanced reports on government policies.
It noted that the Tinubu administration remains committed to protecting vulnerable households while creating a stable and attractive investment climate for the power sector.
