Power
Nigeria rules out electricity tariff hike to focus on supply
The Federal Government has dismissed reports of an impending electricity tariff increase, prioritizing improved reliability and round-the-clock power supply.
Key points
- Minister of Power Joseph Tegbe stated that no tariff increase is planned.
- The administration aims to achieve continuous 24/7 electricity nationwide.
- Five new mini-grid projects were launched in Oyo State to expand access.
What happened
The Federal Government has rejected claims of a looming electricity tariff adjustment, according to The Whistler. Minister of Power Joseph Tegbe announced during an event in Ibadan that authorities are concentrating on enhancing electricity delivery instead of raising consumer costs.
Tegbe spoke at the launch of five interconnected mini-grid installations in Oyo State. Developed alongside the Rural Electrification Agency and Paras Energy and Natural Resources Development Limited, these facilities boast a total generation output of 17.7 megawatts alongside a 17.74-megawatt-hour battery storage setup to serve areas across Akinyele, Ido, Ibadan North, Egbeda and Lagelu local government areas.
Why it matters
Persistent generation deficits, transmission bottlenecks and distribution inefficiencies have historically restricted power availability across the country. These infrastructure hurdles frequently compel households and enterprises to rely on petrol and diesel generators, escalating operational expenses.
The ministry is advancing a strategy centred on designated energy corridors, including the Lagos-Ogun, Abuja-Kaduna-Kano, and Benin-Enugu-Port Harcourt routes, to direct infrastructure investments efficiently and bolster industrial productivity.
What comes next
While officials intend to reinforce the national grid and eliminate supply bottlenecks, delivering stable electricity consistently across the country remains a significant test for sector reforms and ongoing investments.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Grids decide whether generation becomes power that homes and businesses can rely on. Generation mix, transmission and distribution losses, and tariffs together shape reliability and the case for investment.
91.9% of people worldwide had electricity in 2024Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
