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The Federal Government has announced plans to review electricity tariffs for Band B and C customers.
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The Minister of Power, Adebayo Adelabu, described the current billing system as “unfair” and promised a more balanced and equitable pricing system.
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The move aims to address disparities in the current billing system and encourage investment in the power sector.
The Federal Government has confirmed plans to regularise electricity tariffs, specifically targeting Band B and C customers.
The Minister of Power, Adebayo Adelabu, made this announcement while speaking at the ongoing public presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan on Thursday in Abuja.
Currently, customers on Band B enjoy 18 to 17 hours of electricity supply and pay N63 per kilowatt-hour. In contrast, consumers in Band A, with only two hours more of supply, are charged N209 per kilowatt-hour.
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Adelabu described this billing system as “unfair” and promised a more balanced and equitable pricing system.
The minister stated, “We will look at the tariff again. I am not saying that we’re going to increase the tariff before I am misquoted. We are going to look at it and see how we can improve upon our modest achievement of last year, not only to ensure that we grow the sector that we need but also to ensure that we can invest more in revamping all these dilapidated infrastructures.”
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He further emphasized, “The gap between the Band A tariffs and Bands B, C, D, and E is just too wide. We believe it’s not fair. It is not just, and we must be able to carry out some level of regularisation”.
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