The Federal Government has announced plans to review electricity tariffs to address discrepancies in the current billing system and drive investment in the power sector.
Minister of Power, Adebayo Adelabu, made this known on Thursday during the public presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan in Abuja.
Adelabu disclosed that Distribution Companies’ (DisCos’) hesitancy to make the required infrastructure investments was the reason behind the sluggish customer migration to Band A.
Currently, Band B customers, who receive 17 to 18 hours of electricity daily, pay N63 per kilowatt-hour, while Band A users, with just two additional hours of power, pay N209 per kilowatt-hour. The minister described this pricing model as “unfair” and emphasized the need for a more balanced structure.
Currently, Band B customers, who receive 17 to 18 hours of electricity daily, pay N63 per kilowatt-hour, while Band A users, with just two additional hours of power, pay N209 per kilowatt-hour. The minister described this pricing model as “unfair” and emphasized the need for a more balanced structure.
Adelabu stated, “We Will Look At The Tariff Again. I’m Not Saying We’re Going To Increase It Before I’m Misquoted, We Need To Ensure Sustainable Sector Growth And Invest In Revamping Dilapidated Infrastructure. The Difference Between Band A And Other Bands Is Too Wide, It’s Not Fair, And We Must Implement Some Level Of Regularisation.
