0 Shares 84 Views

FG Announces Plans to Review Electricity Tariffs for Band B and C Customers

gisthub Feb 27, 2025
0 85

The Federal Government has announced plans to review electricity tariffs for customers outside the Band-A category.

The proposed hike aims to align tariffs for other customer categories closer to the N206/kWh paid by Band-A customers.

Speaking at the public presentation of the National Integrated Electricity Policy (NIEP) and Nigeria Integrated Resource Plan (NIRP) in Abuja, the Minister of Power, Chief Adebayo Adelabu, stated that the government can no longer sustain the N3 trillion subsidy on the power sector.

Adelabu emphasized that with power generation and distribution increasing by about 35% in 2024, ensuring the commercial sustainability of the industry is crucial for continued growth.

‘We will look at the tariff again. I am not saying that we’re going to increase the tariff before I am misquoted.

We are going to look at it and see how we can improve upon our modest achievement of last year, not only to ensure that we grow the sector that we need but also to ensure that we can invest more in revamping all these dilapidated infrastructures.”

The migration to Band A should have been faster, but we found out that the DisCos refuse to invest. They have refused to invest in this sector.

A lot of investment is required for us to achieve an accelerated migration of lower-band customers into Band A. It is taking a lot of time.” he said.

You may be interested

Military Kills 1,770 Terrorists, Arrests Over 3,000 In North-West – CDS
Government
0 shares21 views

Military Kills 1,770 Terrorists, Arrests Over 3,000 In North-West – CDS

gisthub - Apr 25, 2025

  The Chief of Defence Staff, General Christopher Musa, has disclosed that the Nigerian Armed Forces neutralised at least 1,770 terrorists and arrested…

Bloom PFM earns ISO certification
General
0 shares25 views

Bloom PFM earns ISO certification

gisthub - Apr 25, 2025

Bloom PFM, a Nigerian facility management firm, has earned the ISO 9001:2015 certification, marking a significant step in its pursuit of quality and…

Kenyan Woman Shot Dead By Her Babydaddy After Domestic Squabble In The US
Crime
0 shares19 views

Kenyan Woman Shot Dead By Her Babydaddy After Domestic Squabble In The US

gisthub - Apr 25, 2025

A tragic incident occurred in the United States on Tuesday, April 22, 2025, when Hulda Bochere Mosiori, a 42-year-old mother of four from…

Leave a Comment

Your email address will not be published.

Most from this category