Presidency debunks 65% electricity tariff hike claims, affirms no imminent increase
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The Federal Government has denied reports suggesting an imminent 65% increase in electricity tariffs, clarifying that its focus remains on improving power supply, ensuring targeted subsidies, and expanding metering nationwide.
Olu Arowolo Verheijen, Special Adviser to the President on Energy, made this clarification in a statement posted on her LinkedIn page on Monday.
She stated, “It has become necessary to clarify media reports suggesting an imminent 65 per cent increase in electricity tariffs. This is a misrepresentation of what I actually said in a recent press interview. I highlighted the fact that, following the increase in Band A tariffs in 2024, current tariffs now cover approximately 65 per cent of the actual cost of supplying electricity, with the Federal Government continuing to subsidize the difference.”
The Federal Government has denied reports suggesting an imminent 65% increase in electricity tariffs, clarifying that its focus remains on improving power supply, ensuring targeted subsidies, and expanding metering nationwide.
Olu Arowolo Verheijen, Special Adviser to the President on Energy, made this clarification in a statement posted on her LinkedIn page on Monday.
She stated, “It has become necessary to clarify media reports suggesting an imminent 65 per cent increase in electricity tariffs. This is a misrepresentation of what I actually said in a recent press interview. I highlighted the fact that, following the increase in Band A tariffs in 2024, current tariffs now cover approximately 65 per cent of the actual cost of supplying electricity, with the Federal Government continuing to subsidize the difference.”
Presidency debunks 65% electricity tariff hike claims, affirms no imminent increase - Nairametrics
