By Bayero Ade
The Nigerian Presidency has strongly denied claims that electricity tariffs will increase by 65%, clarifying that such reports are a misinterpretation of the government’s position.
According to Politics Nigeria, Olu Arowolo Verheijen, the Special Adviser to President Bola Tinubu on Energy, addressed the issue in a statement on Monday, reassuring the public that the Federal Government is focused on stabilizing the power sector while protecting vulnerable citizens from financial strain.
Verheijen explained that her earlier comments had been misunderstood. She clarified that the current electricity tariffs already cover about 65% of the actual cost of supply, following the 2024 adjustment of Band A tariffs. The government continues to subsidize the remaining costs to reduce the burden on consumers.
“It is important to correct the misconception regarding a supposed 65% tariff increase. This is inaccurate,” Verheijen stated. “While we aim for more equitable pricing in the long term, our immediate priorities are improving electricity supply, reducing outages, and protecting Nigeria’s most vulnerable populations.”
As part of its ongoing reforms, the government has introduced key initiatives to improve metering, manage subsidies, resolve debts, and boost alternative energy generation.
A major part of these reforms is the Presidential Metering Initiative (PMI), which will distribute seven million prepaid
Leave a Reply