The Federal Government has announced plans to raise electricity tariffs for customers outside the Band-A category to improve liquidity in the Nigerian Electricity Supply Industry (NESI).
This adjustment seeks to align tariffs for other customer groups more closely with the N206/kW rate currently paid by Band-A customers, who make up approximately two million consumers.
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, announced that the government could no longer maintain the N3 trillion subsidy on the power sector.
He highlighted that with power generation and distribution increasing by approximately 35% in 2024, ensuring the industry’s commercial sustainability is essential for continued growth.
