Nigeria Moves Toward Electricity Tariff Increase-Adelabu

At a meeting with the Chairmen of Nigeria’s Generating Companies in Abuja, Adelabu emphasized that, “We have to understand that our economy cannot sustain subsidies indefinitely.”

He, nonetheless, emphasized the government’s commitment to offering targeted subsidies to support economically disadvantaged Nigerians.

The Federal Government presently has an outstanding debt exceeding N4 trillion owed to Generating Companies (Gencos) for overdue subsidy payments.

In its performance report for February, the Nigerian Electricity Regulatory Commission (NERC) indicated that the average real tariff stands at N116.18 per kilowatt-hour, whereas consumers are charged N88.2 per kilowatt-hour.