FG says no immediate plan to hike electricity tariff

The Federal Government has said there are no immediate plans to increase electricity tariffs, despite ongoing reforms in Nigeria’s power sector.

Minister of Power, Joseph Tegbe, made this known during a media interactive session in Lagos on Friday, dismissing reports suggesting an imminent tariff hike.

He explained that the government is instead focusing on expanding access to electricity and improving transparency through the Presidential Metering Initiative, which aims to achieve universal metering nationwide.

According to Tegbe, the initiative will ensure that consumers are billed accurately for the electricity they use, promoting fairness and accountability across the sector.

The minister reaffirmed the commitment of President Bola Tinubu’s administration to improving electricity supply under its broader reform agenda.

He described the engagement with the media as the beginning of a new phase of openness, accountability, and collaboration in the power sector.

“Our objective is clear — to make electricity more available, improve grid reliability, ensure financial sustainability, and restore investor confidence,” Tegbe said.

He added that the reforms are designed to position electricity as a driver of economic growth rather than a constraint.

Tegbe also highlighted ongoing efforts to strengthen the sector, including investments in transmission infrastructure, rural electrification, and policies aimed at attracting private capital while protecting public interest.

As part of new interventions, the ministry has launched the “Power Force” programme, which will engage about 5,000 Nigerian youths to install electricity meters across the country, while also building technical capacity through the National Power Training Institute of Nigeria (NAPTIN).

The minister noted improvements in electricity generation, stating that grid output has consistently exceeded 5,000 megawatts in recent weeks.

He reiterated the government’s long-term goal of delivering reliable, competitive, sustainable, and inclusive electricity to all Nigerians.

Tegbe also confirmed that the Federal Government plans to phase out electricity subsidies from 2027 as part of efforts to stabilise the sector financially.