The Federal Government has ruled out any immediate increase in electricity tariffs, saying its priority is to improve power supply, achieve universal metering and ensure consumers pay only for the electricity they consume.
The Minister of Power, Joseph Tegbe, speaking to newsmen, said contrary to public speculation, the current administration has no policy to raise electricity tariffs beyond the existing levels.
He noted that the Federal Government would continue to examine additional mechanisms to protect vulnerable consumers while improving the financial sustainability of the Nigerian Electricity Supply Industry.
Tegbe said the government’s position formed part of a broader strategy to reset the power sector through reforms designed to improve electricity supply, strengthen the national grid, restore investor confidence and make the electricity market financially sustainable.
The minister said the Presidential Metering Initiative remained central to the reforms, noting that the government was moving decisively towards universal metering to eliminate estimated billing and ensure transparency in electricity billing.
