Power Minister, Joseph Tegbe, said President Bola Tinubu’s administration has no plan to increase electricity tariffs beyond the current level.
Tegbe disclosed this during a media briefing in Abuja today Friday.
According to him, the Tinubu administration’s priorities are improving electricity service delivery, expanding access to electricity, and ensuring that Nigerians pay only for the electricity they consume.
The minister said that, over the last two weeks, the country has consistently generated 5,000 megawatts of electricity.
He added that the objective of the Federal Government is to provide reliable electricity to homes across the country.
Tegbe’s comments come amid debate over a fresh electricity tariff hike, fuelled by remarks made by Tinubu’s Special Adviser on Power Infrastructure, Sadiq Wanka.
Nigerian electricity consumers have kicked against the proposed electricity tariff hike.
In a related development, the Federal Government of Nigeria has announced plans to end electricity subsidy payments from 2027 as part of efforts to tackle mounting liabilities in the power sector.
This was disclosed by the Minister of Power, Joseph Tegbe, at a media interactive session today Friday.
The minister stated that the Federal Government would phase out subsidies beginning in 2027, assuring Nigerians that the policy would not deprive citizens of the benefits currently enjoyed under the subsidy regime.
According to him, the proposal removal forms part of broader reforms aimed at ensuring the long-term sustainability of the electricity sector while tackling the financial challenges confronting the industry.
He pointed out that the implementation timeline and consumer protection measures would be unveiled as the reform process progresses, emphasizing that Nigeria’s electricity subsidy has remained a major fiscal burden.
