Federal Government Still Paying Electricity Subsidy Despite “Band A” Tariff Hike

The Minister of Power, Adebayo Adelabu, says the Federal Government is still paying subsidy on electricity despite the recent hike in tariff paid by Band A customers said to be about 1.5 million of the total 12 million consumers in the sector.
The minister, during a televised interview, said the government has about 1.8trillion naira to pay in electricity subsidy for 2024. Adelabu insisted that the Electricity Act, 2023 made provisions for the review of tariff twice a year.
The minister assured Band A customers of value for their money. He also assured Nigerians that consumers on other bands will not be shortchanged by distribution companies as the regulators will not hesitate to wield their big stick on any of such discos.
He also said the government has shifted its attention on discos inefficiently ran and will not hold back in taking the appropriate steps in the interest of consumers.

Leave a Reply

Your email address will not be published. Required fields are marked *