Tinubu govt gives condition for reduction of electricity tariffs

The Bola Tinubu-led government has hinted on the possibility of a reduction in the electricity tariffs being paid by Nigerians, especially Band A customers.

Sequel to the new directive, Band A customers now pay N255/KWh compared to the N68/kWh prior as, while others maintain the old tariffs. “The tariff is flexible. I can tell you if the naira gains more and the exchange rate comes down below N1,000 to a dollar, it must positively affect the tariff; and the tariff, even for Band A, will come down below the N225/KWh that we are currently charging,” Adelabu said.

According to him, the current problems in the power sector had accumulated for over 50 years, saying it could not be resolved in a year.

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