BREAKING: FG Approves Downward Review of Electricity Tariff

The Federal Government has given the green light for a reduction in electricity tariffs for Band A customers, who receive a minimum of 20 hours of daily power supply.

As a result, customers will now pay N206.80/Kwh, down from the previous rate of N225/Kwh.

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The development was announced on Monday through a notice issued by Ikeja Electric, effective immediately.

It read:

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“Please be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective 6th May 2024 with guaranteed availability of 20-24hrs supply daily.

The tariff for Bands B, C, D, and E remains unchanged.”