Nigerian govt clears air on increasing electricity tarriffs in 2027
The Federal Government has denied that there are plans to increase electricity tariffs. Minister of Power, Joseph Tegbe, stated this on Monday at a media parley in Abuja. “Let me categorically state, and this is not a political statement, we have no plan to increase electricity tariffs,” Tegbe said. Tegbe insisted that the President Bola […] Nigerian govt clears air on increasing electricity…
The Nigerian government has clarified that there are no plans to raise electricity tariffs in 2027. The Minister of Power, Joseph Tegbe, made this statement during a press briefing in Abuja. "I can assure you, without reservation, that we have no intention to increase electricity tariffs," Tegbe emphasized. He reiterated the administration's commitment to enhancing electricity supply and bolstering the power sector.
Tegbe outlined four promises made to Nigerians upon assuming office, emphasizing a disciplined approach, grid stability, and visible incremental improvements. The sector diagnosis conducted at the start of the administration revealed significant challenges across the electricity value chain, including limited gas supply to power stations due to damaged pipelines and unfavorable commercial terms.
Additionally, the generation fleet was heavily reliant on aging thermal plants with deferred maintenance and stalled projects, while the government's payment to generation companies was only 27 percent, hindering their ability to maintain plants and pay gas suppliers.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
