Power
Nigerian government denies upcoming electricity tariff hike
The Minister of Power has dismissed rumours of a planned rise in electricity tariffs during a project launch in Oyo State.
Key points
- Minister of Power Joseph Tegbe stated there are no plans to raise electricity tariffs.
- The government's primary objective is delivering round-the-clock electricity supply.
- Five interconnected mini-grid projects and a battery storage system were launched in Ibadan.
What happened
According to Daily Post Nigeria, the Federal Government has dismissed reports regarding an impending upward review of power tariffs. Minister of Power Joseph Tegbe addressed the issue during the commencement of five mini-grid installations equipped with battery storage in Oyo State.
The infrastructure initiative features a total generation capacity of 17.7 megawatts alongside a 17.74-megawatt-hour battery energy storage system. These installations are designated for multiple settlements situated within the Akinyele, Ido, Ibadan North, Egbeda, and Lagelu local government areas.
Why it matters
Tegbe emphasized that authorities are prioritizing system reliability and continuous generation rather than price adjustments. He urged the public to dismiss inaccurate reports concerning utility costs, reiterating an objective to establish a functional, uninterrupted power network across the country.
“Our commitment is 24/7 power,” Tegbe stated, as reported by Daily Post Nigeria.
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.
