Adebayo Adelabu, the minister of power, announces that only 1.5 million out of 12 million customers are affected by the recent electricity tariff hike. He states that the tariff increase will address liquidity issues in the power sector and that power supply will still be subsidized for 85 percent of consumers.
Adebayo Adelabu, minister of power , says only 1.5 million customers — out of 12 million — are affected by the recent electricity tariff hike .approved a tariff increase for Band A customers.Speaking at a ministerial briefing in Abuja on Friday, the minister said the hike would address the issue of liquidity affecting the power sector , adding that power supply would still be subsidised for 85 percent of consumers.Adelabu said the N2.
“It is because the government is sensitive that 100 per cent of the subsidy will be removed. That is why we started with gradually removing the subsidy for the selected customers.”Adelabu said the infrastructure deficit is a challenge in the country’s power sector, noting that transformers installed in the ’60s are still in use in some parts of Nigeria.
“The generating companies’ plants are also deteriorating. They are obsolete. For the transmission companies, the lines were installed over 50 years ago, the cables are weak, the towers are falling and people are vandalising them. Transformers are also weak.
Nigeria Minister Of Power Electricity Tariff Hike Customers Subsidy Power Sector Liquidity
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