HomeBusinessFG denies planned tariff hike, says subsidy support stays

FG denies planned tariff hike, says subsidy support stays

The federal government moved to shut down reports of an imminent electricity tariff increase, saying no rate hike is planned for any consumer band and that subsidies for lower-usage households will continue.

Sadiq Wanka, special adviser to the President on Power Infrastructure in the Office of the Vice President, said in a signed statement Friday that recent media coverage had misrepresented remarks he made at an industry event in Lagos on July 22.

“There is no planned tariff hike for any grid consumer across any service band,” the statement said, adding that the government “remains committed to protecting vulnerable households through continued tariff support.”

The clarification follows comments Wanka delivered at the Asharami Square 3.0 conference, where he discussed investment opportunities opened up by the Tinubu administration’s power-sector reforms.

According to the statement, he used the occasion to reaffirm, not announce, tariff policy already set out in the National Integrated

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