FG prioritises power reforms, rules out tariff hike
The Federal Government has ruled out any increase in electricity tariffs, stating its focus is on improving supply and strengthening the power sector’s fou Read More: https://punchng.com/fg-prioritises-power-reforms-rules-out-tariff-hike/
The Federal Government has focused on reforms within the Nigerian electricity sector, prioritizing power supply improvements and financial sector foundations rather than increasing tariffs, according to the Minister of Power, Joseph Tegbe. Speaking at his 100-day media parley in Abuja, Tegbe highlighted that the power sector faces challenges across its entire value chain, which cannot be resolved by simply adding new generation capacity.
Tegbe disclosed that the electricity sector struggles due to interconnected issues such as gas supply constraints, ageing equipment, deferred maintenance, stalled projects, and poor payment discipline by generation companies, which receive only 27% of their bills. He emphasized that the government is addressing the sector's long-standing debt, revenue leakages, metering gaps, and infrastructure constraints instead.
Tegbe also noted that transmission infrastructure is facing pressure from vandalised towers and lines, overstretched equipment, and frequent system tripping.
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