Electricity Tariff Increment Won’t Affect 85 percent of Consumers – Adelabu

Oyewale Oyelola

…Fines AEDC N200million for Implementing New Tariff on All Categories

The Minister of Power, Adebayo Adelabu has stated that increment in electricity tariff  will not affect 85 percent of Consumers.

The Minister disclosed this on Friday while addressing newsmen at Ministerial Press Briefing in Abuja.

The Ministerial Press Briefing Series, an initiative of the Federal Ministry of Information and National Orientation under Mohammed Idris.

Adelabu revealed that the increment of electricity tariff will only affect 15 percent of Consumers on Band A category who usually have average of 20 hours power supply daily.

He said the target users are already enjoying constant electricity supply nationwide, noting that the increase reduce federal government subsidy payment to 40 percent.

According to him, the current subsidy is over N2trillion annually and the electricity tariff increment will reduce it to around N1.4trillion.

Earlier, the Minister of Information and National Orientation, Mohammed Idris said the partial removal of electricity subsidy will provide more funds for federal government to develop other sectors.

In his remarks, the Director of National Electricity Regulation commission said the Abuja Electricity Distribution Company has been sanctioned N200 million for implementing the price adjustment on all categories of consumer.

NERC Director emphasized that Consumers on Band B-E will not be affected by new price regime.

He implored Nigerians to report erring Distribution Companies to the commission for necessary action.

expected to give insight into the recent review of electricity tariff by NERC and brief the press on other developments around the power sector, particularly, government’s efforts in generating and supplying enough electricity to Nigerians.