FG says no plan to hike electricity tariff

The Federal Government has debunked reports suggesting an imminent increase in electricity tariffs, maintaining that there are no plans to raise rates for any category of consumers on the national grid.

In a statement released on X on Saturday, the Special Adviser to the President on Power Infrastructure in the Office of the Vice President, Sadiq Wanka, said his earlier remarks had been misinterpreted by sections of the media.

“There is no planned tariff hike for any grid consumer across any service band. The government remains committed to protecting vulnerable households through continued tariff support,” Wanka stated.

He clarified that his comments were made during a presentation at the Asharami Square 3.0 event held in Lagos on July 22, 2026, where he spoke on investment prospects in the power sector and the government’s long-term reform strategy.

“The Special Adviser’s comments were made during a presentation… where he addressed investment opportunities in the power sector and how the Federal Government’s reform programme has opened new avenues for investors across the power value chain,” the statement read.

Wanka also reiterated the policy direction outlined in the National Integrated Electricity Policy, which was finalised in December 2024 and approved by the Federal Executive Council in May 2025.

“In that context, he reaffirmed the tariff policy direction set out in the National Integrated Electricity Policy… a long-standing, publicly available policy of gradually transitioning to cost-reflective tariffs, already implemented for ‘Band A’ electricity consumers,” the statement added.

He stressed that subsidy support will continue for other categories of consumers.

“For all other consumer bands, he was clear that there is no plan to remove subsidies. Rather, the Government is exploring how to deliver value and support more efficiently,” the statement noted.

Wanka further pointed to the Power Consumer Assistance Fund (PCAF), established under the Electricity Act 2023, as a framework for delivering targeted subsidies to vulnerable consumers.

“The special adviser highlighted the Power Consumer Assistance Fund (PCAF), enabled by the Electricity Act 2023, as a mechanism for delivering targeted subsidies directly to vulnerable consumers, through consumer electricity accounts or other identity-linked means, improving transparency and strengthening investor confidence,” the statement said.

The government also acknowledged the role of the media in communicating policies to the public.

“The administration of President Bola Tinubu recognises the vital role journalists play in policy communication… Government counts on the continued support of the media in this important national duty.”