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FG rules out major electricity tariff hike - Punch Newspapers

Punch Newspapers Sections Okechukwu Nnodim Okechukwu Nnodim Published 1 May 2021 The Minister of Power, Sale Mamman, on Friday dismissed concerns of a major hike in electricity tariff, as he clarified that there was no plan to significantly raise tariff. Mamman said instead of a significant hike in electricity tariff, Nigerians should expect increased efficiency in the sector to reduce tariff, while managing headwinds from foreign exchange and inflation. The clarification came amidst reports of a possible major increase in the tariff payable by electricity consumers nationwide beginning from July this year. The power minister in a statement issued in Abuja, which he personally signed, stated that the order by the Nigerian Electricity Regulatory Commission on April 26, 2021 titled “Notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies,” was a routine procedure.

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