During a ministerial briefing in Abuja on Friday, the Minister of Power, Adebayo Adelabu, emphasized that it would have been insensitive for the Nigerian government to continue fully subsidizing electricity.
Adelabu addressed the recent increase in electricity tariffs for customers receiving 20-24 hours of power supply in Nigeria, stating that the hike aims to address liquidity issues affecting the power sector.
He clarified that 85 per cent of electricity consumers will still benefit from Federal Government power subsidies, indicating that the burden of a ₦2.9 trillion electricity subsidy in 2024 is too significant for Nigeria.
Adelabu explained that the recent tariff adjustment only impacts 15 per cent of electricity customers, specifically affecting 1.5 million out of 12 million customers. He justified the gradual removal of the subsidy for selected customers as a measure of the government’s sensitivity to the situation.
“The recent tariff hike only affects 15 per cent of electricity customers. We have 12 million, but this tariff affected only 1.5 million customers.
“It is because the government is sensitive that 100 per cent of the subsidy will be removed. That is why we start with gradually removing the subsidy for the selected customers,” Adelabu said.
It is worth noting that the Nigerian Electricity Regulatory Commission (NERC) approved a tariff hike for Band A customers earlier in the week.
Well that is a good improvement thanks you for understanding the needs of your followers
Wait… seems like I don understand…I heard say light price don increase…abi nah me dey hear rubbish niii
Anything una wan do abeg make he reach Ibadan (apete)☹️
Na people wey get light for their area dey discuss electricity tariff abeg
Hallelujah thank you lord great news ever change is coming to this country
🤔🤔🤔Issokay
We appreciate your effort
Eshey oo
The lord keep strengthening you
Little drops of water, little drops of grains makes a mighty ocean…One after the other like this… everything will fall in place eventually…
This current government hate anything subsidy. They have started with those one for now soon it will be everybody
Why is the government removing subsidy for electricity
We need development in this country
At least non stop 24 hours power supply for the consumers