The Federal Government says plans are ongoing to increase electricity tariffs ‘over the next few months’. It said that the planned increase needed to be balanced by subsidies for less-affluent electricity users. Bloomberg quoted the Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, as giving this hint at the Africa Heads of State Energy Summit in Dar es …

Aba Power Limited has adjusted its tariff. This is coming almost two months after the other 11 electricity distribution firms in the country increased their tariff for Band A customers as a result of the prevailing economic situation. The company’s Managing Director, Ugo Opiegbe said in a telephone interview on Thursday that Band A Maximum Demand (MD) customers, who receive …

Power Minister Adebayo Adelabu yesterday described the current electricity tariff regime as a temporary hardship which over time will crash in the manner of telecoms tariffs in the country. Adelabu, who has come under attack from consumers over the recent hike in electricity tariff and the poor electricity supply across Nigeria, was optimistic that the hardship would “lead to permanent …

The Ikeja Electricity Distribution Company (IKEDC) has slashed Band A tariff to N206.80 per kilowatt-hour from the N225/kWh approved by the Nigerian Electricity Regulatory Commission (NERC). According to a notice on Monday by IKEDC’s spokesperson, Olufadeke Omo-Omorodion, the downward tariff review takes effect from today (Monday, 6 May 2024). While guaranteeing a minimum of 20-hour daily power supply for those on …

Minister of Information and National Orientation, Alhaji Mohammed Idris has said that the over N1 trillion that would be saved from the withdrawal of electricity subsidy would be reinvested in improving power supply and the provision of social services for the country. As a guest of a popular Hausa audience participatory programme of Radio Nigeria Kaduna, Hannu da Yawa, on …

The Nigerian oligarchy has significantly progressed its emasculation of Nigerians from anesthetically cutting off the balls to nefariously indiscriminately crushing them with pestles while wearing jaunty smirks on their indifferent faces. It is almost like inflicting pain on the people has become a favourite sport, and this looks like a well-thought-out conquest strategy; I mean, who can resist being flogged …

When the National Electricity Regulatory Commission (NERC) announced what has been described as a hike in electricity tariff, there was bedlam in the land even before many Nigerians understood what was happening. But a close look at the press statement issued by the regulators showed that subsidy on electricity tariff is still largely intact. What NERC did in response to …

Quite sad (but not surprising) that it’s the ‘freezer’ comment that’s totally dominated the headlines from Saturday’s electricity press briefing. There was a lot more that was said, that’s useful to know, as background and basis for conversation and debate. If you want to know what else Minister Bayo Adelabu said, I took some notes – the comments below are …

Abuja Electricity Distribution Company has apologised to its customers over the wrongful billing of the new tariff rate. The firm attributed the development to a system glitch. This was disclosed in a tweet via the company’s X handle on Thursday. On Wednesday, the Nigerian Electricity Regulatory Commission approved an increase in electricity tariff for customers under the Band A classification …

The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in electricity tariff for customers under the Band A classification. NERC’s Vice Chairman, Musliu Oseni, said the increase will see the customers paying N225 kilowatt per hour from the current N66. It was reported that customers under Band A are those who enjoy 20 hours of electricity supply daily. Speaking …