Electricity tariff may drop as power generation improves – Power Minister

Oct. 3, 2024 - Vanguard

By Obas Esiedesa, AbujaThe Minister of Power, Chief Adebayo Adelabu, has announced that ongoing improvements in power generation and distribution across Nigeria could lead to a reduction in electricity tariffs. Currently, customers in Band-A pay ₦206.

5 per kWh after the Federal Government removed subsidies for this category in exchange for a guaranteed minimum of 20 hours of power supply daily. The Minister noted that 40% of electricity consumers now receive this level of power supply, with generation averaging 5,500MW.

He expressed optimism about a potential reduction in tariffs as power generation and distribution continue to improve. Adeyanju said, “Since 1999, we have not witnessed the level of improvement in electricity supply that we have today.

..