No Plan To Increase Electricity Tariff, FG Insists
The clarification comes following consistent reports of an imminent increase. The post No Plan To Increase Electricity Tariff, FG Insists appeared first on Channels Television.
Electricity tariffs have remained a sensitive issue in Nigeria since the introduction of the Band A tariff regime, which saw sharp increases for customers receiving higher hours of daily power supply. The policy, implemented under the Multi-Year Tariff Order framework overseen by the Nigerian Electricity Regulatory Commission (NERC), sparked public backlash and recurring speculation about further hikes, given the sector's long-standing struggles with generation deficits, distribution losses, and the government's gradual withdrawal of subsidies for power consumption.
Against this backdrop, the Federal Government's latest denial of any planned tariff increase comes amid efforts to reassure Nigerians and businesses already grappling with high energy costs and inflation. Both reports agree that the government is seeking to dispel what it calls misinformation, with the Minister of Power cited directly, while one outlet adds detail on a broader energy strategy involving designated energy zones intended to improve supply. Specifics on how this strategy would affect pricing, investment, or implementation timelines have not yet been disclosed.