Tinubu’s government insists on electricity tariff hike as Labour threatens total showdown

According to him, the government cannot fix tariffs in a sector that is already deregulated.

The Nigeria Electricity Regulatory Commission announced the hike in the electricity tariff for Band A customers at a press briefing in Abuja, on April 3, revealing that those affected would pay N225 per kilowatt-hour, up from the previous rate of N68/kWh, representing about 240 per cent increase.

Subsidy on electricity was withdrawn completely from the tariff of customers in the Band A category, who constituted about 15 per cent of the total 12.82 million power consumers across the country.

Based on the tariff hike, the Federal Government said it would save N1.5tn.

The government stated that the decision took effect on April 3, 2024, adding that Band A customers would enjoy up to 20 hours of power supply daily.