The Federal Government has announced plans to revise electricity tariffs as part of efforts to rectify inconsistencies in the current billing system and to promote investment in the power sector.
During a public presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan in Abuja on Thursday, Minister of Power Adebayo Adelabu made this declaration.
At present, customers in Band B receive 17 to 18 hours of electricity supply and are charged N63 per kilowatt-hour. In contrast, Band A customers, who enjoy just two additional hours of supply, pay N209 per kilowatt-hour.
Adelabu criticized the existing billing structure as “unfair” and indicated that a more equitable pricing system will be implemented.
The minister stated, “We will reassess the tariff. I want to clarify that I am not suggesting an increase in the tariff to avoid any misinterpretation.
“Our goal is to evaluate it and explore ways to build on our modest successes from last year. This is essential not only for the growth of the sector we require but also for enabling us to invest more in upgrading our deteriorating infrastructure.
“The disparity between the Band A tariffs and those in Bands B, C, D, and E is simply too significant.
“We believe this situation is unfair and unjust, and we need to implement some form of regularization.”
