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Tariff Review: Federal Government Maintains Electricity Subsidy

Federal Government

Tariff Review: Federal Government Maintains Electricity Subsidy

The Federal Government declared its ongoing assessment of the implementation process for a cost-reflective electricity tariff while affirming its commitment to subsidizing power supply for vulnerable citizens in Nigeria.

The government also disclosed plans to unbundle the Transmission Company of Nigeria, separating Transmission services from System and Market operations in the first quarter of this year.

Chief Adebayo Adelabu, the Minister of Power, conveyed this information through a statement from the Federal Ministry of Power in Abuja.

He highlighted the long-term vision of segregating Nigeria’s power transmission grid into regional grids for more effective management.

Contrary to reports suggesting an imminent electricity tariff hike from January 1, 2024, power distribution companies, denied such claims.

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