In a bid to address concerns over the proposed increase in electricity tariffs, Minister of Power Adebayo Adelabu has reassured customers that those not receiving 20 hours of electricity daily will not be required to pay the new tariff.
This announcement comes following his appearance before the Senate Committee on Power for an investigative hearing on the matter, amidst Nigeria’s challenging economic situation.
Minister Adelabu emphasized that the government’s new policy aims to revitalize the struggling electricity sector, assuring Nigerians that any inconveniences caused by the policy adjustments will be temporary.
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He also revealed that the Federal Government is prepared to subsidize electricity with ₦2.9 trillion this year if the tariff adjustment is not implemented.
During the hearing, Senator Eyinnnaya Abaribe, Chairman of the committee, raised questions about the migration of customers from previous customer classes to different bands.
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This includes Residential, Commercial, and Demand classes, with inquiries made regarding the legality of the band classification.
The recent increase in electricity tariffs for consumers in the Band A category by the Nigerian Electricity Regulatory Commission (NERC) has sparked discussions and concerns across Nigeria. The reassurance from Minister Adelabu aims to ease the worries of customers and ensure fair implementation of the new tariff structure.