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FG Announces Fresh Plans For Nigeria’s Electricity Tariff Rates

The Nigerian government on Thursday, February 27, announced its plan to regularise the tariff plan for electricity consumers on Band B and C.

Nigeria’s minister of power, Adebayo Adelabu said this in Abuja at the presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan.

Adelabu said the aim of the regularisation is to resolve the disparities in billing system between both band of consumers.

According to him, the regularisation would also promote intensive investment in the power sector of the country.

“We will look at the tariff again. I am not saying that we’re going to increase the tariff before I am misquoted.

“We are going to look at it and see how we can improve upon our modest achievement of last year, not only to ensure that we grow the sector that we need but also to ensure that we can invest more in revamping all these dilapidated infrastructures.”

“The migration to Band A should have been faster, but we found out that the DisCos refuse to invest. They have refused to invest in this sector,” Adelabu stated.

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