The Federal Government has ruled out any immediate increase in electricity tariffs, saying its priority is to improve power supply, expand metering and ensure Nigerians pay only for the electricity they consume.
Minister of Power, Joseph Tegbe, gave the assurance in a statement shared on the social media platform of the Special Adviser to the President on Information and Strategy, Bayo Onanuga, amid concerns over the cost of electricity and ongoing reforms in the nation’s power sector.
Tegbe said the Tinubu administration has no policy to increase electricity tariffs beyond the current level, stressing that the immediate focus is on improving service delivery rather than imposing additional financial burdens on consumers.
“There is no policy by this administration to increase electricity tariffs beyond its current level. Our priority is not tariff increase in the immediate term,” the minister said.
He explained that the government’s attention is firmly on enhancing electricity supply, accelerating universal metering and ensuring consumers are billed only for the energy they actually use.
“Our priority is service improvement, universal metering and ensuring Nigerians pay only for the electricity they actually consume.”
The minister also disclosed that the Federal Government is exploring additional measures to shield vulnerable consumers while strengthening the financial viability of the electricity market.
“Indeed, the Federal Government will continue to examine additional mechanisms for protecting vulnerable consumers whilst simultaneously improving the financial sustainability of the market,” he stated.
According to Tegbe, the ongoing reforms in the power sector are focused on practical implementation rather than rhetoric, with success to be measured by tangible improvements in the daily lives of Nigerians.
“Resetting the sector is not about buzz words. It is about execution, discipline, coordination and measurable outcomes. We will measure our outcomes by improvements experienced in the daily lives of Nigerians.”
He reaffirmed the administration’s long-term vision of building a modern electricity sector capable of supporting households, industries and economic growth.
“Our ambition is clear. Reliable electricity that powers our homes. Competitive electricity that powers our industries. Sustainable electricity that attracts investment. Inclusive electricity that reaches every Nigerian.”
