Nigeria’s government has no plans to raise electricity tariffs above their current level, Joseph Tegbe, minister of power said, pushing back against speculation that had unsettled consumers.
“There is no policy by this administration to increase electricity tariffs beyond its current level,” Tegbe said at an event in Nigeria’s commercial capital.
“Our priority is not tariff increase in the immediate term,” he added.
Instead of increasing electricity tariff, the government is betting that fixing the mechanics of electricity delivery, metering, grid stability and revenue collection,can shore up the sector’s finances without touching the tariff line.
“Our priority is service improvement, universal metering and ensuring Nigerians pay only for the electricity they actually consume,” Tegbe said, adding that the government “will continue to examine additional mechanisms for protecting vulnerable consumers whilst simultaneously improving the financial sustainability of the market.”
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