FG is thinking about raising electricity tarrif for non-Band-A consumers.

To improve the liquidity of the Nigerian Electricity Supply Industry (NESI), the Federal Government has announced intentions to raise electricity rates for consumers who do not fall under the Band-A category.

The goal of the planned increase is to bring tariffs for other customer categories closer to the N206/kW that around two million Band-A customers pay.

Chief Adebayo Adelabu, the Minister of Power, said the government could no longer maintain the N3 trillion power sector subsidy at the public presentation of the Nigeria Integrated Resource Plan (NIRP) and National Integrated Electricity Policy (NIEP) in Abuja.

Chief Adebayo Adelabu underlined that maintaining the industry’s commercial viability is essential for future expansion, given that power generation and distribution rise by roughly 35% in 2024.