Brace Up For Fresh Electricity Tarrif Hike, FG Tells Nigerians
The Federal Government has disclosed that plans are ongoing to increase electricity tariffs “over the next few months”.
It, however, said that the planned increase needed to be balanced by subsidies for less-affluent electricity users.
Bloomberg quoted the Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, as giving this hint at the Africa Heads of State Energy Summit in Dar es Salaam, Tanzania, where Nigeria presented a $32 billion plan to expand electricity connections by 2030.
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According to the presidential aide, Nigeria is trying to resolve the transition to a cost-efficient but cost-reflective tariff to attract private investors.
Sge said: “One of the key challenges we’re looking to resolve over the next few months is transitioning to a cost-efficient but cost-reflective tariff.
“So the sector generates revenue required to attract private capital, while also protecting nike ja 1 scratch the poor and vulnerable 001 – Nike Kobe 6 Prelude 2014 640220 – Nike kyrie low 4 tb team bank black white sneakers da7803-001 mens 7.5-13.5.”
Last year, the federal government approved SchaferandweinerShops Netherlands - adidas weightlifting suit australia open schedule - ‘Orketro’ sneakers ADIDAS Originals a threefold increase in electricity tariff for customers under the Band A classification.
The fresh move to raise tariffs comes amid mounting pressure nike revolution 7 from Nigeria’s debt-burdened electricity distribution companies for tariffs to be cost-reflective so they can improve their finances.
Olamilekan Adigun is a graduate of Mass Communication with years of experience in journalism embedded in uncovering human interest stories. He also prioritises accuracy and factual reportage of issues.
