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Another Sh*ck For Nigerians? FG’s Electricity Tariff Hike Plan Sparks Protests
LAGOS — Small business owners and civil society organizations (CSOs) have rejected the Federal Government’s proposed electricity tariff hike, arguing that there is no justification for the increase.....KINDLY READ THE FULL STORY HERE▶
This follows the government’s announcement that it is considering raising tariffs for customers outside the Band-A category to improve liquidity in the Nigerian Electricity Supply Industry (NESI).
Speaking at the public presentation of the National Integrated Electricity Policy (NIEP) and Nigeria Integrated Resource Plan (NIRP) in Abuja, Minister of Power, Chief Adebayo Adelabu, revealed that the government can no longer sustain the N3 trillion power sector subsidy. He further disclosed that debts owed to power generation companies (GenCos) have surged to N4 trillion, making the situation unsustainable.
“The primary challenge in the market is illiquidity, and sector reforms remain our focus,” Adelabu stated. “We will review the tariff structure—not necessarily to increase it, but to enhance revenue generation and attract investment for upgrading the sector’s deteriorating infrastructure.”
He pointed out that Band-B customers, who receive approximately 18 hours of electricity daily and pay N63/kWh, are creating a widening gap with Band-A customers. Discussing the newly unveiled policy documents, Adelabu emphasized their potential to drive transformation in Nigeria’s power sector through a data-driven approach. He highlighted their economic benefits, including improved electricity supply for small and medium enterprises (SMEs), reduced operational disruptions, and increased job creation.
The documents further outlined the government’s plan to eliminate delayed electrification and self-generation by 2035, requiring an estimated $29.23 billion investment in the sector. This figure is projected to rise to $122 billion by 2045.
Adelabu also underscored the need to strengthen the national power grid, making it more robust to attract manufacturers back into the system. He noted that 60% of manufacturers currently rely on self-generation due to the grid’s instability.
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