The Federal Government of Nigerian (FGN) is considering increasing electricity tariffs for Band B and C categories in order to address irregularities in the current billing system and also to encourage investors in the power sector.
This was disclosed by the Minister of Power, Adebayo Adelabu on Thursday while speaking in Abuja at the ongoing public presentation of the National Integrated Electricity Policy (NIEP) and Nigeria Integrated Resource Plan (NIRP).
He said, “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 gap between the Band A tariffs and Bands B, C, D, and E is just too wide. We believe it’s not fair. It is not just, and we must be able to carry out some level of regularization.”
